All About Coongulla, Wellington, VIC, 3860

Coongulla, a serene township situated in the Wellington Shire of Victoria, offers a distinctive housing market characterized by its rural charm and tranquillity. Nestled close to Lake Glenmaggie, Coongulla attracts homebuyers and investors looking for affordable properties away from the hustle and bustle of urban settings. Typically, the housing market here consists of a mix of permanent residences, holiday homes, and vacant land, with an emphasis on spacious properties surrounded by nature. Given its appeal as a holiday destination, there is often interest in properties that can serve as both family homes and rentals for vacationers, making it an intriguing opportunity for those looking to invest in the short-term rental market.

Living in Coongulla provides residents with a close-knit community atmosphere and a lifestyle closely connected to outdoor activities and nature. The town's proximity to Lake Glenmaggie makes it an ideal spot for water activities like fishing, boating, and swimming, while the surrounding landscapes offer numerous opportunities for bushwalking and wildlife watching. The peaceful environment combined with the stunning natural scenery contributes to a relaxed way of life. Although Coongulla may not have an abundance of commercial amenities, its charm lies in its simplicity and the strong sense of community among its residents. For those looking to escape the hectic pace of city life and embrace a more laid-back, nature-oriented lifestyle, Coongulla represents a hidden gem within Victoria.

Coongulla Real Estate Market Outlook

Thinking about buying in Coongulla? Now could not be a better time, with just 461 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $503,000 with prices in this suburb ranging from $44,000 to $1,368,000. The aproximate distance to the coast is 61 Km.

Consistent high demand relative to supply is a key feature in Coongulla 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 Coongulla 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 Coongulla 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 Coongulla to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Coongulla 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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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