All About Avenel, Strathbogie, VIC, 3664

Avenel, located in the Shire of Strathbogie in Victoria, offers a quaint and serene living environment that is attracting both families and retirees. The housing market here can be described as more affordable compared to the bustling cities, yet it has seen a steady increase in interest over recent years. This is primarily due to its charming rural setting, coupled with its accessibility to larger towns and cities such as Shepparton and Melbourne, which are just a drive away. You can find a variety of housing options ranging from modest family homes to larger properties with extensive land, which provide plenty of space for gardening or keeping animals. The community is close-knit, and developments remain low-density, maintaining the area's picturesque natural landscape.

Living in Avenel comes with its own unique set of perks. The town prides itself on its rich history, lush vineyards, and community spirit, making it an ideal place for those looking to escape the hustle and bustle of urban life. Residents enjoy a range of local amenities including cozy cafes, local shops, and community events that bring everyone together. The surrounding countryside provides ample opportunities for outdoor activities such as bushwalking, cycling, and exploring national parks. The local schools and community facilities are well-regarded, and the town itself is characterized by a laid-back lifestyle where people know their neighbors. All these factors make Avenel not only a desirable place to buy a home but also to enjoy a peaceful and fulfilling lifestyle.

Avenel Real Estate Market Outlook

Thinking about buying in Avenel? Now could not be a better time, with 855 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $666,000 with prices in this suburb ranging from $87,000 to $7,170,000. The aproximate distance to the coast is 93 Km.

Consistent high demand relative to supply is a key feature in Avenel driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Avenel due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Avenel 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. Lower than average population density constrains growth in Avenel to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Avenel 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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