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.
Median Weekly Rent | $352.33 |
Median Monthly Mortgage | $1836.33 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 3.33 |
Average Age | 30.00 |
Average Income | $1020.67 |
Average Cars Per Dwelling | 2.37 |
Average Properties Within 50M | 5 |
2 Bed  $1,065,000 |
3 Bed  $765,000 |
4 Bed  $1,067,000 |
5 Bed  $1,274,000 |
6 Bed+$1,177,000 |
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.
4 centenary st, cardigan, vic, 3352 | $595,000 | ||||
45 launchley dr, cardigan, vic, 3352 | 4 | 2 | 2 | $2,300,000 | |
67 windermere way, cardigan, vic, 3352 | $545,000 |
Siena Catholic Primary School
St Thomas More School
Alfredton Primary School
Yuille Park P-8 Community College
(While the above schools are located with the suburb of Cardigan there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 11.8 | 27.4 | 29.5 | 91.9 | 5.8 | 25.9 |
Feb | 1.4 | 12.2 | 26.1 | 35.5 | 93.9 | 5.8 | 21.7 |
Mar | 1.1 | 10.6 | 23.4 | 38.1 | 95.2 | 5.5 | 16.8 |
Apr | 1.5 | 7.8 | 18.6 | 49.5 | 96.9 | 4.8 | 12.3 |
May | 1.8 | 5.4 | 14.1 | 63.5 | 97.9 | 5.0 | 8.7 |
Jun | 1.9 | 3.6 | 11.2 | 74.0 | 99.0 | 4.9 | 7.2 |
Jul | 2.1 | 3.4 | 10.5 | 74.3 | 98.9 | 5.7 | 7.5 |
Aug | 1.9 | 3.3 | 11.6 | 65.1 | 98.4 | 5.6 | 10.4 |
Sept | 2.2 | 4.6 | 14.3 | 58.1 | 97.1 | 5.6 | 14.4 |
Oct | 1.6 | 6.5 | 18.1 | 49.6 | 96.4 | 5.4 | 19.8 |
Nov | 1.6 | 8.3 | 20.8 | 44.7 | 96.5 | 5.3 | 22.6 |
Dec | 1.3 | 10.3 | 24.6 | 33.7 | 93.8 | 5.6 | 25.5 |
source: Australian Government Bureau of Meteorology
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