All About Cudgewa, Towong, VIC, 3705
Cudgewa, located in the Towong Shire of Victoria, is a small rural community offering a serene lifestyle away from the hustle and bustle of city life. The housing market in Cudgewa is characterized by its affordable property prices compared to larger urban centers, making it an attractive option for those seeking a country lifestyle. Properties in the area often include houses on large blocks of land, providing ample space for gardens or small-scale farming. The charm of Cudgewa’s housing market lies in its potential for growth and the opportunity to invest in a community that values peace, quiet, and a close-knit community atmosphere.
Living in Cudgewa is ideal for nature enthusiasts, as it is surrounded by scenic landscapes, including the majestic Snowy Mountains and numerous national parks. Community life in Cudgewa is vibrant, with local events and gatherings providing opportunities for residents to connect and engage with one another. The town boasts essential amenities such as a primary school and community hall, ensuring residents have access to necessary services. For more extensive shopping and services, the nearby town of Corryong provides additional options. Overall, Cudgewa offers a tranquil lifestyle with a strong sense of community, making it a desirable place for families, retirees, or anyone looking for a peaceful rural retreat.
Household Makeup
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Housing Stock
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Cudgewa Real Estate Market Outlook
Thinking about buying in Cudgewa? Now could not be a better time, with just 171 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $729,000 with prices in this suburb ranging from $214,000 to $1,382,000. The aproximate distance to the coast is 177 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Cudgewa 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 Cudgewa provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Cudgewa 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 ValuationLocal Schools
None within suburb boundary
(While the above schools are located with the suburb of Cudgewa there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Cudgewa weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.4 | 15.1 | 27.1 | 31.8 | 76.2 | 2.0 | 26.3 |
| Feb | 3.4 | 14.0 | 25.2 | 40.4 | 79.5 | 1.7 | 21.9 |
| Mar | 3.6 | 11.8 | 21.7 | 47.4 | 82.9 | 1.7 | 17.3 |
| Apr | 3.1 | 8.7 | 16.6 | 55.6 | 85.7 | 1.7 | 13.3 |
| May | 3.5 | 5.3 | 11.8 | 66.1 | 90.3 | 1.7 | 9.4 |
| Jun | 4.6 | 3.2 | 8.6 | 75.9 | 96.3 | 1.7 | 7.3 |
| Jul | 5.2 | 2.1 | 7.5 | 78.0 | 98.3 | 1.9 | 7.5 |
| Aug | 3.9 | 2.2 | 8.6 | 68.3 | 96.8 | 2.0 | 10.2 |
| Sept | 3.3 | 4.6 | 12.7 | 56.4 | 93.2 | 2.1 | 15 |
| Oct | 2.8 | 8.2 | 17.8 | 46.9 | 87.5 | 2.0 | 20.6 |
| Nov | 3.3 | 10.6 | 20.7 | 42.2 | 83.9 | 2.1 | 24.7 |
| Dec | 3.3 | 12.4 | 23.3 | 37.9 | 81.7 | 2.1 | 26.5 |
source: Australian Government Bureau of Meteorology
General Points of Interest
ANZAC Memorial - Less than 5 KM
Nearby Suburbs
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