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Mambourin suburb profile

Mambourin is a burgeoning suburb located in the western growth corridor of Melbourne, approximately 40km from the CBD. Known for its modern planning and sustainable living initiatives, Mambourin offers a blend of residential, commercial, and recreational spaces. The suburb is designed to cater to families and professionals seeking a balanced lifestyle, with future plans for schools, shopping centers, and community facilities. Its proximity to major transport links, including the Princes Freeway and nearby train stations, ensures connectivity to Melbourne and surrounding areas. Mambourin's focus on community and green spaces makes it an attractive option for new homeowners.

Mambourin property market performance

Mambourin's property market has shown modest growth over the past 12 months, with house values increasing by 4.1%. The current median house price stands at $640,000. However, there is no data available for units, indicating a lack of unit sales in the area.

In terms of sales activity, 26 houses have been sold over the past 12 months, with properties spending a median of 55 days on the market. This suggests a steady demand for houses, although the market is not particularly fast-moving.

The rental market in Mambourin has remained stable, with the average rent for houses at $450 over the last 12 months, showing no change. The absence of unit rentals further highlights the focus on houses in this suburb.

HousesUnits
Median price
Past 3 months
$640KN/A
Change in value
Past 12 months
3.6%N/A
Sold
Past 3 months
29N/A
Median days on market
Past 12 months
61N/A
Average rent
Past 12 months
$450N/A
Change in rent
Past 12 months
-4.3%N/A

5 year median price trend for houses and units

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Mambourin demographics

Mambourin, a burgeoning suburb in Victoria, is part of the rapidly developing Wyndham region. With a small population of just 315, it offers a close-knit community atmosphere, ideal for families and young couples looking to establish roots. The median age of 30 reflects a youthful demographic, with many residents likely drawn to the area's potential for growth and development.

The suburb is characterized by a high percentage of couple families with children, accounting for 59.1% of the population, indicating a family-friendly environment. This is complemented by a significant proportion of couple families without children, making up 26.9%, and a smaller segment of one-parent families at 14%. The absence of other family types suggests a traditional family structure predominates in Mambourin.

Housing in Mambourin is predominantly owner-occupied with mortgages, as 77.8% of properties fall into this category. This high rate of mortgage ownership highlights the suburb's appeal to new homeowners and those investing in their future. Meanwhile, 22.2% of the properties are rented, offering some flexibility for those not yet ready to buy. The lack of outright ownership suggests that Mambourin is a suburb on the rise, with many residents in the early stages of homeownership.

With its strategic location in the Wyndham region, Mambourin is poised for growth, offering residents a blend of suburban tranquility and access to the amenities of larger urban centers. As the suburb continues to develop, it is likely to attract more families and young professionals seeking a balanced lifestyle with opportunities for community engagement and personal growth.

Suburbs near Mambourin

Some popular suburbs near Mambourin include:

How does Mambourin compare to nearby suburbs?

  • Median house prices: Mambourin’s median house price is 4.5% higher than Wyndham Vale’s.
  • House price growth: Over the past 12 months, house prices in Mambourin have grown 12.3% higher than in Eynesbury.
  • Selling speed for houses: Properties in nearby Manor Lakes are selling 27.9% faster than in Mambourin.
  • House price growth: Over the past 12 months, house prices in Mambourin have grown 38.1% lower than the average rate of growth across Melbourne.

Choose the right real estate agents in Mambourin

Choosing the right real estate agent in Mambourin can have a big impact on your sale. While there are 69 real estate agents working in the suburb, but just 5 of them were responsible for 44.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 2.5%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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