Thinking about buying in Balnarring? Now could not be a better time, with 1419 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,482,000 with prices in this suburb ranging from $464,000 to $9,166,000. Balnarring is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Balnarring Real Estate Market Outlook

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 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 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 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 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 a better buying opportunity than it may have been in the past.

Houses for sale Balnarring

	unit 14, 3080 frankston-flinders rd, balnarring, vic, 3926	3	2	2	$1,000,000 - $1,100,000
	67 bittern-dromana rd, balnarring, vic, 3926	4	2	4	$4,600,000
	349 stumpy gully rd, balnarring, vic, 3926	5	2	8	$3,500,000 - $3,800,000

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General Points of Interest

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