All About Cardigan, Ballarat, VIC, 3352

Cardigan, a suburb located in the Ballarat region of Victoria, Australia, offers a unique blend of rural charm and suburban convenience that is attracting a growing number of homebuyers. The housing market in Cardigan has seen a steady increase in activity, with a variety of properties available ranging from contemporary suburban homes to more expansive rural lots that appeal to those looking for more space and tranquillity. The real estate market here tends to attract families and retirees seeking affordability compared to Melbourne's soaring prices, while still providing good access to amenities and the vibrant lifestyle that Ballarat offers. The suburb is also benefiting from broader infrastructure developments in the Ballarat area, which enhance its appeal by improving connectivity and access to services.

Living in Cardigan provides residents with a peaceful rural-suburban lifestyle. It is characterized by wide-open spaces and a sense of community spirit that is often found in smaller Australian towns. Local amenities include schools and parks, which make it a family-friendly location. Additionally, the proximity to Ballarat means that residents enjoy a short drive to more extensive shopping, dining, and recreational opportunities, combining the benefits of country living with urban convenience. The surrounding natural beauty and local attractions, such as the historic Sovereign Hill and Lake Wendouree, offer plenty of leisure activities for both locals and visitors. Overall, Cardigan embodies a lifestyle that balances quiet living with the richness of being part of the Ballarat community.

Cardigan Real Estate Market Outlook

Thinking about buying in Cardigan? Now could not be a better time, with 760 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,011,000 with prices in this suburb ranging from $256,000 to $2,305,000. The aproximate distance to the coast is 78 Km.

Consistent high demand relative to supply is a key feature in Cardigan driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Cardigan 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 Cardigan 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 Cardigan to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Cardigan 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 Cardigan a better buying opportunity than it may have been in the past.

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