All About Bangholme, Greater Dandenong, VIC, 3175

Bangholme, located within the Greater Dandenong area of Victoria, presents a unique aspect of the housing market characterized by its blend of rural charm and accessibility to urban conveniences. The area predominantly features larger plots and rural-style properties, offering a peaceful environment for those seeking respite from the bustling city life. Due to its proximity to Melbourne, Bangholme attracts both families and retirees looking for spacious homes with the advantage of being relatively close to city amenities. The housing market here tends to be less competitive than in more densely populated suburbs, which can be appealing for buyers seeking good value for larger spaces. Overall, Bangholme is attractive for those wanting a semi-rural lifestyle without being too far from the city.

Living in Bangholme offers a tranquil lifestyle, with plenty of opportunities to enjoy nature thanks to nearby parks and waterways such as the Edithvale-Seaford Wetlands. Residents can enjoy various outdoor activities, such as bird watching, walking, and cycling. Community life in Bangholme is generally tight-knit, with a friendly vibe, enhanced by local events and a few community-oriented businesses. While it might lack the extensive shopping and dining options found in urban centers, the proximity to neighboring suburbs like Dandenong and Chelsea means that all necessary amenities are within a short drive. For those who prioritize peace, space, and a sense of community, Bangholme can be an ideal place to settle.

Bangholme Real Estate Market Outlook

Thinking about buying in Bangholme? Now could not be a better time, with 758 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,423,000 with prices in this suburb ranging from $354,000 to $4,753,000. Bangholme is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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 Bangholme 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 Bangholme 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. High density population in Bangholme 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 Bangholme 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 Bangholme 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!