All About Balnarring Beach, Mornington Peninsula, VIC, 3926

Balnarring Beach, located on the Mornington Peninsula in Victoria, is a serene coastal suburb that has been garnering attention for its appealing housing market. Known for its relaxed and laid-back lifestyle, the area offers a mix of charming beachside homes and modern properties with stunning views of the coast. The housing market in Balnarring Beach has seen a steady demand, largely driven by people seeking a peaceful retreat from the hustle and bustle of Melbourne, which is just over an hour’s drive away. The area appeals to both retirees looking for a quiet life by the sea and young families attracted by its community vibe and natural beauty. Properties in Balnarring Beach tend to maintain strong value due to limited supply and high demand, making it a desirable location for both investment and lifestyle.

Living in Balnarring Beach offers a harmonious blend of nature and convenience. Residents enjoy direct access to beautiful beaches, ideal for swimming, fishing, and leisurely strolls along the shore. The community benefits from a range of amenities, including local shops, cafes, and schools, ensuring that day-to-day needs are well-catered for without the need to travel far. The area is also in close proximity to renowned wineries and gourmet dining options scattered across the Mornington Peninsula, making it a haven for food and wine enthusiasts. Moreover, the community is known for its friendly and welcoming atmosphere, making it easy for newcomers to feel at home. With its unique combination of natural beauty, amenities, and a strong sense of community, Balnarring Beach offers an enviable lifestyle that continues to attract new residents each year.

Balnarring Beach Real Estate Market Outlook

Thinking about buying in Balnarring Beach? Now could not be a better time, with just 477 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,325,000 with prices in this suburb ranging from $888,000 to $6,983,000. Balnarring Beach is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. 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 Balnarring Beach due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Balnarring Beach provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Balnarring Beach requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Balnarring Beach we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Balnarring Beach a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!