Thinking about buying in Tungamull? Now could not be a better time, with just 175 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $804,000 with prices in this suburb ranging from $382,000 to $1,505,000. Tungamull is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Low average incomes in Tungamull 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 Tungamull 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. Medium density in Tungamull necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Tungamull 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 Tungamull a better buying opportunity than it may have been in the past.
111 HIGGINSONS RD, TUNGAMULL, QLD, 4702 | 4 | 2 | 2 | Offers Over $950,000 |
Coowonga State School
(While the above schools are located with the suburb of Tungamull 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 | |
---|---|---|---|---|---|---|---|
Jan | 3.2 | 24.2 | 29.2 | 65.0 | 88.0 | 5.9 | 24.4 |
Feb | 7.5 | 23.4 | 29.0 | 63.7 | 91.1 | 5.4 | 22.5 |
Mar | 11.0 | 22.8 | 28.3 | 66.1 | 91.9 | 5.2 | 19 |
Apr | 2.6 | 20.1 | 26.8 | 62.8 | 91.0 | 4.5 | 18.5 |
May | 1.9 | 16.0 | 23.9 | 57.8 | 92.8 | 3.9 | 16.0 |
Jun | 1.1 | 13.2 | 22.0 | 57.3 | 93.0 | 3.5 | 14.4 |
Jul | 1.4 | 12.8 | 21.7 | 57.2 | 93.6 | 3.5 | 15.3 |
Aug | 0.4 | 12.9 | 22.9 | 54.6 | 92.4 | 3.7 | 18.1 |
Sept | 0.4 | 16.1 | 24.4 | 56.5 | 91.8 | 4.4 | 22.4 |
Oct | 1.8 | 19.4 | 26.3 | 59 | 87.5 | 5.1 | 24.5 |
Nov | 2.6 | 21.6 | 27.7 | 59.8 | 86.2 | 5.5 | 25.9 |
Dec | 3.7 | 23.2 | 28.8 | 62.7 | 87 | 5.4 | 26.5 |
source: Australian Government Bureau of Meteorology
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