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Mundoolun suburb profile

Mundoolun is a picturesque rural suburb located in the Scenic Rim Region of Queensland, offering a serene lifestyle amidst natural beauty. Known for its expansive properties and lush landscapes, Mundoolun attracts those seeking tranquility and space away from the hustle and bustle of city life. The suburb is characterized by its rolling hills, native bushland, and proximity to the Albert River, providing ample opportunities for outdoor activities and nature appreciation. While primarily residential, Mundoolun maintains a close-knit community feel, with easy access to nearby towns for essential services and amenities. Its peaceful environment and scenic vistas make it an appealing choice for families and retirees.

Mundoolun property market performance

Mundoolun’s property market has shown significant growth in house values over the past 12 months, with an increase of 14.3%, bringing the median house price to $1.2 million. However, the suburb does not have a unit market, as indicated by the absence of unit sales and a median unit price of $0.

Over the last three months, 14 houses have been sold, with properties spending a median of 70 days on the market, suggesting a moderate pace in buyer decision-making. The rental market data is unavailable, indicating a potential lack of rental properties or reporting in the area.

HousesUnits
Median price
Past 3 months
$1.20MN/A
Change in value
Past 12 months
14.3%N/A
Sold
Past 3 months
14N/A
Median days on market
Past 12 months
70N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

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Mundoolun demographics

Mundoolun, nestled in the scenic hinterland of Queensland, offers a tranquil lifestyle with a strong sense of community. With a population of 1,836, this suburb is characterized by its spacious properties and family-friendly environment. The median age of 39 suggests a mature community, with many residents likely to be established professionals and families seeking a peaceful retreat from the hustle and bustle of city life.

The suburb's housing landscape is predominantly owner-occupied, with a significant 72.3% of properties owned with a mortgage, indicating a stable and committed community. Only a small fraction, 5.9%, of the properties are rented, reflecting the suburb's appeal to those looking for long-term settlement. The high percentage of couple families with children, at 50.8%, underscores Mundoolun's reputation as a family-oriented suburb, where children can enjoy the benefits of a safe and nurturing environment.

Mundoolun's residents enjoy a relatively high median household income of $2,255 per week, which supports a comfortable lifestyle amidst the suburb's natural beauty. The area is ideal for those who appreciate the outdoors, with ample opportunities for recreational activities in the surrounding landscapes. Overall, Mundoolun offers a harmonious blend of rural charm and modern convenience, making it an attractive choice for families and individuals seeking a serene yet connected lifestyle.

Mundoolun infrastructure, key developments and investment opportunities

Mundoolun is a rural locality in the City of Logan, about 15 km northeast of Beaudesert. The area has historical significance as one of the first pastoral runs in the Logan/Albert River catchment, established in the 1840s. Key infrastructure includes St John's Church, built in 1901 and now heritage-listed, and the Mundoolun Bridge over the Albert River, which was rebuilt in the late 1980s after flooding.

Recent development has been limited, with Mundoolun retaining its rural character. The population has grown moderately, reaching 1,836 in the 2021 census. Some rural residential subdivisions have occurred, such as The Mundoolun Estate. The area remains popular for its acreage lifestyle, scenic views, and proximity to both Brisbane and the Gold Coast, while still offering a peaceful country setting. No major new infrastructure projects are currently reported.

Mundoolun rental market trends

The rental market in Mundoolun has remained stable over the past year, with both house and unit rents showing no change. With median rents at $0, it suggests a lack of available rental data or listings in this area. Potential investors and renters may need to explore nearby suburbs for more opportunities.

Suburbs near Mundoolun

Some popular suburbs near Mundoolun include:

Common questions about Mundoolun

  • Is Mundoolun a nice place to live?

    Mundoolun is a delightful suburb that offers a serene and picturesque lifestyle, perfect for those who appreciate the beauty of rural living. With its expansive properties and lush landscapes, Mundoolun provides a peaceful retreat from the hustle and bustle of city life. The suburb is known for its rolling hills and native bushland, creating a tranquil environment that is ideal for families and retirees seeking a slower pace of life. The strong sense of community in Mundoolun is evident, making it a welcoming place for residents to settle down and enjoy the natural surroundings.

    For families, Mundoolun is a particularly appealing choice. The suburb's spacious properties offer plenty of room for children to play and explore, while the safe and nurturing environment ensures peace of mind for parents. Although Mundoolun is primarily residential, it is conveniently located near nearby towns where essential services and amenities can be accessed. This proximity to amenities, combined with the suburb's peaceful atmosphere, makes it an attractive option for those looking to balance rural charm with modern convenience.

    While Mundoolun offers a fantastic lifestyle, there are some trade-offs to consider. The rural setting means that nightlife and entertainment options are limited compared to more urban areas. However, this is often a welcome trade-off for those who value tranquility and space. Additionally, while the suburb is not far from Brisbane and the Gold Coast, commuting to these areas may require some planning. Overall, Mundoolun is a charming and peaceful place to live, offering a harmonious blend of rural living and community spirit.

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  • Is it expensive to live in Mundoolun?

    Living in Mundoolun can be considered quite expensive, especially when you look at the current property market. The median house price is around $1,045,000, which is a significant amount compared to other areas. With no units available, those looking to buy property have limited options, primarily focusing on houses. Renting is also on the higher side, with the average rent for houses sitting at $850 per week.

    When comparing the income data, the average weekly household income in Mundoolun is about $2,300, translating to an annual income of approximately $120,000. This is slightly above the average in Queensland, suggesting that residents generally earn more than the state average. However, with high property prices and rents, a considerable portion of this income would need to be allocated towards housing costs.

    In summary, while Mundoolun offers a serene lifestyle with its spacious properties and natural surroundings, the cost of living, particularly in terms of housing, may be challenging for those not earning above the average income. If you are thinking of living in Mundoolun, it's important to weigh these costs against your financial situation to ensure it aligns with your budget.

    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 Mundoolun a good place to invest?

    Mundoolun presents a unique investment opportunity, particularly for those interested in the housing market. Over the past year, the suburb has experienced a notable 7.7% increase in median house values, indicating a strong demand for properties in the area. This growth suggests that Mundoolun is becoming increasingly attractive to buyers, potentially due to its appealing lifestyle and community atmosphere.

    While the rental market for both houses and units has remained stable with no change over the past 12 months, this could imply a steady demand for rental properties, providing a reliable income stream for investors. The lack of change in unit values might suggest a more stable market, which could appeal to those looking for a less volatile investment.

    Overall, Mundoolun offers a promising investment landscape, especially for those focusing on capital growth in the housing sector. Its recent performance in house value appreciation makes it an appealing choice for investors seeking long-term growth potential. While the rental market remains steady, the suburb's growth in house values highlights its potential as a solid investment destination.

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