All About Dooen, Horsham, VIC, 3401

Dooen, a quaint locality in the Horsham region of Victoria, offers a unique blend of rural charm and accessibility to urban amenities, making it an intriguing part of the regional housing market. The housing market in Dooen is characterized by its affordability compared to nearby urban centers, providing an attractive option for families, retirees, and individuals looking for a more tranquil lifestyle. Properties in this area tend to feature larger land sizes, giving residents ample outdoor space, which is perfect for gardening enthusiasts or those seeking a bit more privacy. The market here has seen steady interest from buyers attracted to the potential of rural living, along with the promise of future growth as regional Victoria continues to develop.

Living in Dooen offers a peaceful, laid-back lifestyle amidst picturesque natural surroundings. Residents enjoy the best of both worlds, with the serene environment of a rural community and the convenience of being just a short drive from the larger town of Horsham, where shopping, dining, and healthcare facilities are readily available. The close-knit community in Dooen is welcoming, offering an inclusive atmosphere that often appeals to newcomers and young families. Outdoor enthusiasts will find plenty to explore, from local parks to nearby attractions like the Grampians National Park, making it a perfect spot for those who appreciate outdoor adventures and the beauty of nature.

Dooen Real Estate Market Outlook

Thinking about buying in Dooen? Now could not be a better time, with just 183 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $642,000 with prices in this suburb ranging from $256,000 to $1,199,000. The aproximate distance to the coast is 175 Km.

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 Dooen 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 Dooen 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. 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 Dooen 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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