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Mount Austin suburb profile

Mount Austin is a residential suburb located in the regional city of Wagga Wagga, New South Wales. Known for its welcoming community and family-friendly atmosphere, Mount Austin offers a mix of established homes and newer developments. The suburb is well-served by local amenities, including schools, parks, and shopping facilities, making it a convenient choice for families and individuals alike. Its proximity to the Wagga Wagga CBD ensures easy access to a broader range of services and entertainment options. With its blend of suburban comfort and regional charm, Mount Austin is a desirable location for those seeking a balanced lifestyle.

Mount Austin property market performance

Mount Austin's property market has experienced significant growth in house values over the past 12 months, with an 18.9% increase, bringing the median house price to $550,000. The unit market, however, remained stagnant, with no sales activity or change in values recorded.

In terms of sales, 25 houses were sold, showing robust activity, while only 1 unit transacted, highlighting a lack of movement in the unit sector. Houses are selling rapidly with a median of 22 days on the market, indicating strong demand.

The rental market in Mount Austin has also seen an 8.9% increase in house rents, with an average rent of $490, while the unit rental market remained inactive, reflecting the overall limited unit activity in the suburb.

HousesUnits
Median price
Past 3 months
$550KN/A
Change in value
Past 12 months
18.9%N/A
Sold
Past 3 months
251
Median days on market
Past 12 months
22N/A
Average rent
Past 12 months
$490N/A
Change in rent
Past 12 months
8.9%N/A

5 year median price trend for houses and units

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Mount Austin demographics

Mount Austin, located in the regional city of Wagga Wagga, New South Wales, offers a blend of suburban comfort and regional charm. With a population of 4,035, it is a community that balances family life with accessibility to the amenities of a larger city. The median age of 37 suggests a mature community, with a mix of young families and established residents who appreciate the suburb's relaxed pace and community spirit.

The suburb's household composition is diverse, with couple families with children making up 33.9% and couple families without children slightly higher at 34.3%. One-parent families account for 29.6%, indicating a supportive environment for various family structures. This diversity is reflected in the housing market, where 24.4% of properties are owned outright, and 28.9% are owned with a mortgage, showing a stable homeownership base. Meanwhile, 46.8% of properties are rented, providing flexibility for those not ready to buy.

Mount Austin's median total household income of $1,124 per week reflects the area's affordability, making it an attractive option for families and individuals seeking a cost-effective lifestyle without sacrificing access to essential services and employment opportunities. The suburb's proximity to Wagga Wagga's educational institutions, healthcare facilities, and recreational areas enhances its appeal, offering residents a well-rounded living experience in a welcoming community.

Mount Austin infrastructure, key developments and investment opportunities

Mount Austin benefits from established educational infrastructure, with both Mount Austin High School and Mount Austin Public School providing local secondary and primary options that support family demand in the suburb.[3][6] As an inner southern suburb of Wagga Wagga, bordered by key arterials such as Fernleigh Road, Leavenworth Drive and Glenfield Road, residents enjoy reasonable access to the broader city’s employment, retail and health services, which underpins its appeal to both owner-occupiers and investors.[4]

Recent years have not seen widely publicised large-scale commercial or transport infrastructure projects specific to Mount Austin, and available development activity has mostly been limited to smaller-scale residential additions and outbuildings, indicating incremental rather than transformational change to the local built environment.[5] In this context, there are currently no major new infrastructure or planning announcements that are likely to significantly alter property demand or values in Mount Austin in the near term.

Mount Austin rental market trends

The rental market in Mount Austin has seen house rents increase by 8.9% over the past year to $490 per week. Unit rents remain unchanged at $0, suggesting limited or non-existent unit rental data. This suburb offers opportunities for potential growth, with rising demand for houses driving rental prices upward.

Suburbs near Mount Austin

Some popular suburbs near Mount Austin include:

How does Mount Austin compare to nearby suburbs?

  • Median house prices: Mount Austin’s median house price is 30.8% lower than Turvey Park’s.
  • House price growth: Over the past 12 months, house prices in Mount Austin have grown 7.5% higher than in Turvey Park.
  • Selling speed for houses: Properties in Mount Austin are selling 54.2% faster than in Turvey Park.

Common questions about Mount Austin

  • Is Mount Austin a nice place to live?

    Mount Austin is a charming suburb that offers a delightful blend of suburban comfort and regional charm, making it a wonderful place to call home. With its welcoming community and family-friendly atmosphere, it is an ideal location for families looking for a peaceful yet convenient lifestyle. The suburb is known for its relaxed pace and strong sense of community, which is perfect for those who appreciate a supportive environment. The presence of local schools, parks, and shopping facilities ensures that residents have easy access to essential amenities, while the proximity to Wagga Wagga CBD provides a broader range of services and entertainment options.

    Families will find Mount Austin particularly appealing due to its established educational infrastructure, including Mount Austin High School and Mount Austin Public School, which cater to the educational needs of children in the area. The suburb's green spaces and parks offer plenty of opportunities for outdoor activities, making it a great place for children to play and explore. Safety is generally not a major concern, contributing to the suburb's family-friendly vibe.

    While Mount Austin provides a comfortable and convenient lifestyle, it does come with some trade-offs. The suburb has not seen significant large-scale commercial or transport infrastructure projects in recent years, which means that while it maintains its charm, it may not offer the rapid growth or development seen in some other areas. However, this also means that Mount Austin retains its peaceful atmosphere, free from the hustle and bustle of more urbanized regions.

    Overall, Mount Austin is a delightful suburb that offers a balanced lifestyle with a strong sense of community, making it a nice place to live for families and individuals seeking a supportive and welcoming environment.

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  • Is it expensive to live in Mount Austin?

    Living in Mount Austin is relatively affordable compared to many other suburbs in New South Wales. The median house price here is $550,000, which is considerably lower than the prices you'll find in more metropolitan areas. However, it's worth noting that there are no units available, which limits options for those looking for smaller or more affordable housing types.

    When it comes to renting, the average rent for houses is $490 per week. This is quite manageable, especially when you consider that the average annual wage in Mount Austin is around $62,000. In comparison, the median total household income weekly is $1,124, which aligns well with the local cost of living. This suggests that housing costs in Mount Austin are quite reasonable for those earning the average wage.

    Overall, Mount Austin offers a more budget-friendly living option, particularly for those who are seeking a balance between affordability and a comfortable lifestyle. If you're thinking of living in Mount Austin, you'll find that it provides a good mix of affordability and community living, making it a practical choice for many families and individuals.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Mount Austin a good place to invest?

    Mount Austin is showing promising signs as a potential investment hotspot, particularly for those interested in the housing market. Over the past year, the suburb has experienced a significant 18.9% increase in median house values, indicating strong demand and potential for capital growth. This surge suggests that the area is becoming increasingly attractive to buyers, possibly due to its affordability compared to more central locations.

    While the unit market in Mount Austin has remained stable with no change in median values or rents, the housing sector is where the real opportunity lies. The 8.9% increase in house rents over the last year highlights a growing demand for rental properties, which could provide a steady income stream for investors. This rental growth, combined with the rise in house values, suggests that Mount Austin is becoming a desirable location for both renters and buyers.

    Overall, Mount Austin presents a compelling case for investment, especially in the housing market. The recent trends in property values and rental demand indicate a suburb on the rise, offering potential for both capital appreciation and rental income. For those looking to invest in a suburb with strong growth potential, Mount Austin is definitely worth considering.

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Choose the right real estate agents in Mount Austin

There are 33 real estate agents in Mount Austin, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 32.4% of all sales in the past year.

Commission rates in Mount Austin typically range from 2.17% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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