All About Drouin East, Baw Baw, VIC, 3818

Drouin East, located in the Baw Baw region of Victoria, is an area that has seen considerable interest in its housing market over recent years. This semi-rural locality offers an appealing combination of tranquil countryside living with convenient access to the amenities of larger towns. As a result, property prices have experienced a gradual increase as more individuals and families seek a peaceful lifestyle away from the hustle and bustle of metropolitan areas. Many of the properties in Drouin East are spacious, often featuring considerable land parcels that are perfect for those interested in gardening, farming, or simply enjoying the expansive outdoors. Recently, the housing market has attracted both young families and retirees, drawn by the area's reputation for serene surroundings, safety, and community-oriented lifestyle. Prospective homebuyers often appreciate the diverse range of property options, from charming older homes to modern new builds, some with picturesque views of the rolling hills and open fields.

Living in Drouin East offers a unique blend of rural charm and community spirit, with a relaxed pace that’s perfect for those looking to escape city life. Residents enjoy the best of both worlds: the tranquility of nature coupled with the convenience of nearby essential services and schools in Drouin and surrounding towns. The community here is close-knit, with local events and activities often centered around the shared appreciation for the area’s natural beauty. The stunning landscapes and open spaces make it ideal for outdoor enthusiasts who enjoy activities such as hiking, cycling, or simply exploring the local flora and fauna. Public transport options, including a nearby train station, offer easy connections to Melbourne and other urban centers, facilitating access to wider employment and leisure opportunities. Overall, life in Drouin East is characterized by a sense of ease and connectivity, making it an attractive location for those seeking a harmonious balance between rural and urban living.

Drouin East Real Estate Market Outlook

Thinking about buying in Drouin East? Now could not be a better time, with just 126 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $750,000 with prices in this suburb ranging from $448,000 to $1,535,000. The aproximate distance to the coast is 36 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 Drouin East 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 Drouin East provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Drouin East necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Drouin East 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 Drouin East a better buying opportunity than it may have been in the past.

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