31 Mayfield Road, Bungowannah NSW 2640
This property is Off Market
- Last sold 9/16/2022 for $6,930,000. The Average property price in this area is $564,582, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 237.90 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 4/5/2024 3091 RIVERINA HWY $1,230,000
- 11/10/2023 9 DIGHT DR $780,000
- 4/6/2023 8 BOXWOOD PARK RD $3,500,000
- 8/1/2022 923 BUNGOWANNAH RD $3,900,000
- 4/28/2022 115 YAPARRA RD $700,000
About Albury Region
With an average age of 50, households expect an average monthly mortgage payment of $1,733 or a weekly rent payment of $275. The average family earns a weekly income of $2,150 with a typical household size of 3 and a 100.71% employment rate.
In Bungowannah there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Bungowannah is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Bungowannah changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Bungowannah we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Bungowannah a better buying opportunity than it may have been in the past.
Public Transport
Albury
Population
(Country of Birth not stated 5%)
Are people healthy?
There are a recorded 1504 asthma sufferers and 486 people living with diabetes. In addition, 636 people have a heart/vascular condition and 1206 people live with three or more chronic diseases.A good place to invest in property?
Albury Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
20 / 100
31 / 100
Industry
10 / 100
22 / 100
Population
08 / 100
19 / 100
House Prices
40 / 100
60 / 100
Jobs
24 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsAlbury HS Albury WPS
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Barnawartha Primary School
Barnawartha, VIC, 3688 State Prep-6 -
Saint Mary MacKillop College Albury
Jindera, NSW, 2642 Independent K-12 -
Howlong Public School
Howlong, NSW, 2643 State K-6 -
Brocklesby Public School
Brocklesby, NSW, 2642 State K-6 -
Jindera Public School
Jindera, NSW, 2642 State K-6 -
St John's Lutheran Primary School
Jindera, NSW, 2642 Independent K-6 -
Glenroy Public School
North Albury, NSW, 2640 State K-6 -
Victory Lutheran College
West Wodonga, VIC, 3690 Independent Prep-12 -
Burrumbuttock Public School
Burrumbuttock, NSW, 2642 State K-6 -
Albury West Public School
Albury, NSW, 2640 State K-6
Property Story
31 Mayfield Road, Bungowannah, Nsw, 2640 is a residential property . The estimated distance to the sea is 237.9km and at least 4.4KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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