Cann River
VIC, 3890
-
East Gippsland
Thinking about buying in Cann River? Now could not be a better time, with just 284 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $293,000 with prices in this suburb ranging from $30,000 to $582,000. The aproximate distance to the coast is 14 Km.
Household Makeup
| Median Weekly Rent | $120.00 |
| Median Monthly Mortgage | $800.00 |
| Median Persons Per Bedroom | 0.60 |
| Average Household Size | 2.00 |
| Average Age | 53.00 |
| Average Income | $456.00 |
| Average Cars Per Dwelling | 2.04 |
| Average Properties Within 50M | 4 |
Housing Stock
Average Property Prices
| 1 Bed $244,000 |
| 2 Bed $285,000 |
| 3 Bed $327,000 |
| 4 Bed $434,000 |
Cann River Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in Cann River 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 Cann River 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 Cann River 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Cann River 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.
Houses for sale Cann River
|
42 tamboon rd, cann river, vic, 3890 |  4 |
 2 |
 6 |
$539,000 |
Local Schools
Cann River P-12 College
(While the above schools are located with the suburb of Cann River there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Cann River weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.1 | 16.4 | 24.6 | 57.1 | 88.7 | 4.2 | 21.7 |
| Feb | 2.4 | 16.1 | 24.1 | 59.3 | 89.4 | 3.9 | 18.9 |
| Mar | 2.8 | 15.1 | 23.0 | 58.3 | 89.2 | 3.7 | 15.3 |
| Apr | 2.8 | 12.2 | 20.5 | 58 | 90.3 | 3.5 | 12.3 |
| May | 2.5 | 9.3 | 17.9 | 55.9 | 89.9 | 3.7 | 9.5 |
| Jun | 3.8 | 7.1 | 15.5 | 60.3 | 91.4 | 3.5 | 8.1 |
| Jul | 2.6 | 6.3 | 15.3 | 54.5 | 89.2 | 3.6 | 8.4 |
| Aug | 2.9 | 6.4 | 15.6 | 51.0 | 88.7 | 3.8 | 10.7 |
| Sept | 2.3 | 8.6 | 17.9 | 51.1 | 88.7 | 4.0 | 15.0 |
| Oct | 2.6 | 10.3 | 19.4 | 53.0 | 89.4 | 4.1 | 19.4 |
| Nov | 2.7 | 12.7 | 21.4 | 54.6 | 89 | 4.1 | 22.4 |
| Dec | 2.4 | 14.6 | 23.1 | 55.5 | 88.5 | 4.2 | 24.0 |
source: Australian Government Bureau of Meteorology
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