Thinking about buying in Square Mile? Now could not be a better time, with just 30 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $798,000 with prices in this suburb ranging from $630,000 to $818,000. The aproximate distance to the coast is 18 Km.
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Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Square Mile 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 Square Mile 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 Square Mile 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 Square Mile 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.
Yahl Primary School
Grant High School
(While the above schools are located with the suburb of Square Mile there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jul | 3.4 | 5.6 | 13.6 | 65.0 | 96.6 | 4.8 | 7.4 |
Aug | 3.3 | 5.7 | 14.5 | 57.5 | 95.8 | 4.9 | 10.3 |
Sept | 2.1 | 7.0 | 17.1 | 51.0 | 95.7 | 4.9 | 14.8 |
Oct | 1.8 | 7.8 | 19.1 | 48.5 | 94.6 | 4.7 | 19.6 |
Nov | 1.5 | 9.1 | 21.8 | 43.1 | 95.1 | 4.8 | 22.8 |
Dec | 1.1 | 10.7 | 24.6 | 38.4 | 93.4 | 5.0 | 25.3 |
Jan | 0.9 | 12.1 | 26.8 | 34.9 | 91.8 | 5.0 | 25.3 |
Feb | 0.9 | 12.6 | 26.6 | 37.5 | 92.3 | 4.9 | 21.1 |
Mar | 1.0 | 11.0 | 23.3 | 43.1 | 94.9 | 4.4 | 16.1 |
Apr | 1.7 | 9.3 | 20.1 | 49.3 | 95.3 | 4.0 | 11.9 |
May | 2.4 | 7.9 | 16.4 | 60.1 | 95.3 | 4.1 | 8.6 |
Jun | 3.1 | 6.0 | 14.1 | 67.3 | 96.9 | 4.1 | 7.5 |
source: Australian Government Bureau of Meteorology
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