Thinking about buying in Renmark Paringa? Now could not be a better time, with just 42 residential dwellings it's a highly sought after location. The aproximate distance to the coast is 216 Km.
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Median Monthly Mortgage | $ |
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Average Income | $ |
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Average Properties Within 50M |
In Renmark Paringa 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Renmark Paringa due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Renmark Paringa leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Renmark Paringa necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Renmark Paringa the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.6 | 16.4 | 34.3 | 16.9 | 64.6 | 4.6 | 28.4 |
Feb | 0.8 | 16.1 | 32.5 | 21.9 | 70.7 | 4.3 | 24.1 |
Mar | 0.6 | 13.6 | 29 | 26.0 | 77.4 | 3.8 | 19.6 |
Apr | 0.8 | 9.8 | 24.3 | 33.3 | 82.3 | 3.2 | 15.6 |
May | 0.4 | 6.3 | 19.7 | 40.3 | 88.6 | 3.2 | 11.3 |
Jun | 0.4 | 4.0 | 16.8 | 46.5 | 92.5 | 3.1 | 9.7 |
Jul | 0.5 | 4.0 | 17 | 44.3 | 93.4 | 3.8 | 10.0 |
Aug | 0.6 | 4.9 | 18.5 | 36.4 | 88.9 | 4.2 | 12.6 |
Sept | 0.5 | 7.2 | 23.2 | 25.6 | 81.9 | 4.6 | 17.8 |
Oct | 1.0 | 9.6 | 25.0 | 25.8 | 82.3 | 4.5 | 21.9 |
Nov | 0.8 | 11.9 | 28.7 | 21.4 | 76.2 | 4.5 | 26.6 |
Dec | 1.1 | 14.7 | 31.2 | 19.7 | 71.3 | 4.7 | 28.8 |
source: Australian Government Bureau of Meteorology
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