All About Capel Sound, Mornington Peninsula, VIC, 3940

Capel Sound, located on the Mornington Peninsula in Victoria, has seen a dynamic shift in its housing market over recent years. Known for its appealing coastal lifestyle, Capel Sound attracts a range of buyers from young families to retirees, as well as investors looking to capitalize on the area's growth. The market is characterized by a mix of traditional beachside cottages and modern developments, offering a variety of options for prospective buyers. Prices have been steadily increasing, reflecting the high demand and the limited availability of properties, largely driven by the area's desirable location, proximity to the beach, and the broader appeal of the Mornington Peninsula. The suburb's median house price aligns with the general trend of growth seen across the Peninsula, but still offers relatively affordable options compared to other more bustling regions.

Living in Capel Sound offers a tranquil coastal lifestyle with the advantages of modern amenities. The community exudes a relaxed, beach-town vibe, enhanced by beautiful natural scenery, including clean, sandy beaches and lush parks. Residents enjoy easy access to local shops, cafes, and schools, making it a convenient place for families and individuals alike. The area's atmosphere is friendly and communal, often attracting those who appreciate a slower pace of life yet still wish to remain connected to Melbourne, which is about an hour and a half drive away. Outdoor activities are abundant, with opportunities for water sports, golfing, and exploring nature trails. Overall, Capel Sound provides an appealing balance of leisure and practicality, making it an attractive place to call home.

Capel Sound Real Estate Market Outlook

Thinking about buying in Capel Sound? Now could not be a better time, with 5127 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $909,000 with prices in this suburb ranging from $389,000 to $2,738,000. Capel Sound 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 Capel Sound 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 Capel Sound 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 Capel Sound 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 Capel Sound 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 Capel Sound 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 Capel Sound a better buying opportunity than it may have been in the past.

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Public Transport

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General Points of Interest

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