All About Cooriemungle, Corangamite, VIC, 3268

Cooriemungle, located in the Corangamite Shire of Victoria, offers a unique blend of rural charm and natural beauty, making it an appealing destination for those seeking a peaceful lifestyle. The housing market in this area is characterized by larger blocks and farmland properties, providing ample space and privacy for residents. Prices in Cooriemungle tend to be more affordable compared to urban areas, reflecting the rural setting and offering great opportunities for families or individuals looking to escape the hustle and bustle of city life. Potential buyers can find a range of properties, from traditional country homes to sprawling estates with plenty of land, ideal for those interested in farming or simply enjoying expansive grounds.

Living in Cooriemungle is synonymous with embracing a tranquil and close-knit community lifestyle. The area boasts beautiful natural scenery, with proximity to coastal attractions such as the famous Great Ocean Road and the Twelve Apostles, providing plenty of opportunities for outdoor activities like hiking, fishing, and exploring. The community is tight-knit and supportive, with a strong focus on local culture and events. Residents enjoy the slower pace of life, with easy access to the essentials in nearby towns such as Camperdown and Timboon, where shops, schools, and healthcare facilities can be found. Overall, Cooriemungle offers a serene and fulfilling lifestyle for those wanting to immerse themselves in the stunning Victorian countryside.

Cooriemungle Real Estate Market Outlook

Thinking about buying in Cooriemungle? Now could not be a better time, with just 211 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,094,000 with prices in this suburb ranging from $338,000 to $3,140,000. Cooriemungle is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. 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 Cooriemungle 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 Cooriemungle 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. Lower than average population density constrains growth in Cooriemungle 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 Cooriemungle 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.

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