All About Blairgowrie, Mornington Peninsula, VIC, 3942

The housing market in Blairgowrie, located on the Mornington Peninsula in Victoria, has witnessed a robust demand over the recent years, driven by its picturesque seaside location and the tranquil lifestyle it promises. Characterized by a wide array of properties from charming beach houses to modern architectural designs, the real estate in Blairgowrie caters to a diverse range of homebuyers, including retirees, holiday-goers, and increasingly, young families seeking a serene environment not far from Melbourne. The limited availability of undeveloped land, coupled with the area's natural beauty and proximity to attractions like the Blairgowrie Yacht Squadron and the Mornington Peninsula National Park, contributes to a steady appreciation in property values. Consequently, Blairgowrie's market is often competitive, with buyers keen on securing a slice of this coastal paradise.

Living in Blairgowrie offers residents a unique blend of relaxed coastal living and vibrant community life. The town showcases stunning beaches, such as the family-friendly Blairgowrie Front Beach and the more rugged, surf-oriented Blairgowrie Back Beach, making it a haven for water sports enthusiasts. Beyond its natural attractions, Blairgowrie boasts a quaint village center, complete with cafes, boutique shops, and dining establishments that emphasize locally sourced produce. Community events, like the local markets and various cultural festivals, foster a strong sense of camaraderie among residents. Additionally, Blairgowrie's proximity to other iconic Mornington Peninsula destinations, including wineries, golf courses, and hot springs, enhances its appeal as a place to call home. With its serene coastal charm and close-knit community, Blairgowrie epitomizes a relaxed, yet fulfilling lifestyle.

Blairgowrie Real Estate Market Outlook

Thinking about buying in Blairgowrie? Now could not be a better time, with 4554 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,905,000 with prices in this suburb ranging from $401,000 to $9,392,000. Blairgowrie 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

Consistent high demand relative to supply is a key feature in Blairgowrie 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 Blairgowrie 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 Blairgowrie provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Blairgowrie necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Blairgowrie 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 Blairgowrie a better buying opportunity than it may have been in the past.

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