All About Barrabool, Surf Coast, VIC, 3221

Barrabool, located within the Surf Coast Shire in Victoria, is an area that offers a serene and rural lifestyle while still being conveniently accessible from nearby urban centers like Geelong. The housing market in Barrabool is characterized by its blend of spacious rural properties and luxurious estates, often set on expansive plots of land. This makes it an attractive location for those seeking tranquility away from the hustle and bustle of city life. In recent years, the demand for such properties has seen a steady increase, driven by individuals and families looking to embrace a more laid-back, countryside lifestyle while having the amenities of larger towns within reach. Consequently, property values have been on an upward trajectory, reflecting the area's desirability and the limited availability of such expansive properties in the region.

Living in Barrabool offers a unique experience distinguished by beautiful landscapes and a strong sense of community. The area is ideal for those who appreciate outdoor activities, with opportunities for hiking, horseback riding, and enjoying the scenic views of nearby natural landmarks. The community in Barrabool is tight-knit, with residents often engaging in local events, markets, and farm-to-table dining experiences that highlight the region's agricultural strengths. Despite its rural setting, Barrabool is well-connected via a network of roads, allowing for easy access to educational institutions, healthcare facilities, and shopping centers in neighboring locales. Overall, Barrabool presents a balanced lifestyle that combines the peacefulness of a rural setting with the convenience of modern amenities.

Barrabool Real Estate Market Outlook

Thinking about buying in Barrabool? Now could not be a better time, with just 138 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,540,000 with prices in this suburb ranging from $1,040,000 to $6,468,000. Barrabool is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Barrabool there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Barrabool are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Barrabool provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Barrabool 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 Barrabool 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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