All About Tungkillo, Mid Murray, SA, 5236

Tungkillo, located in the Mid Murray region of South Australia, presents a unique and serene environment for potential homebuyers and residents. The housing market in Tungkillo is predominantly known for its rural charm and affordability compared to the bustling city centers. Many of the properties in this area consist of spacious homes with larger plots of land, making it an attractive option for those seeking a quiet lifestyle away from urban density. The market has remained relatively stable, with modest fluctuations in prices, reflecting the consistent demand from individuals looking to embrace the peace and quiet that comes with rural living. The town’s small population and close-knit community contribute to an inviting atmosphere, making it particularly appealing for families and retirees aiming to settle in a more tranquil setting.

Living in Tungkillo offers residents a relaxed and laid-back lifestyle, deeply connected with nature and community values. The area is surrounded by picturesque landscapes, including rolling hills and open fields, providing plenty of opportunities for outdoor activities such as hiking, bird watching, and agriculture. Despite its rural setting, Tungkillo is not far from larger towns like Mount Barker and Murray Bridge, providing access to shopping, healthcare, and entertainment. The community is warm and welcoming, often characterized by local events and gatherings that foster strong bonds among residents. Overall, Tungkillo embodies an idyllic rural lifestyle, balancing the tranquility of countryside living with the convenience of nearby urban amenities.

Tungkillo Real Estate Market Outlook

Thinking about buying in Tungkillo? Now could not be a better time, with just 316 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $526,000 with prices in this suburb ranging from $206,000 to $1,434,000. The aproximate distance to the coast is 41 Km.

In Tungkillo 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 Tungkillo 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. Low average earnings from people in Tungkillo 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 Tungkillo 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 Tungkillo 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.

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General Points of Interest

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