All About Edenhope, West Wimmera, VIC, 3318
Edenhope, a charming town in the West Wimmera region of Victoria, offers a unique and affordable housing market characterized by its rural charm and tight-knit community. The real estate landscape here primarily features a range of modest homes, often situated on generous plots of land, making it an attractive option for individuals and families seeking space and tranquility. Compared to urban centers, property prices in Edenhope remain relatively affordable, presenting a great opportunity for first-time homebuyers or investors looking for value in regional markets. The local housing market is influenced by the region's agricultural economy, and while it doesn't experience the volatility seen in metropolitan areas, it provides stable long-term investment prospects.
Living in Edenhope is synonymous with enjoying a slower pace of life amidst picturesque natural surroundings. The community is warm and welcoming, often coming together for local events and gatherings that foster a strong sense of belonging. Residents benefit from essential amenities such as schools, healthcare services, and recreational facilities, including the popular Lake Wallace, which offers opportunities for fishing, boating, and picnicking. The town’s rural setting is ideal for those who appreciate outdoor activities and a close connection to nature. With its relaxed lifestyle, Edenhope provides a peaceful and fulfilling living experience away from the hustle and bustle of city life, while still being connected to larger regional hubs for additional services and entertainment options.
Household Makeup
| Median Weekly Rent | $165.00 |
| Median Monthly Mortgage | $910.00 |
| Median Persons Per bed houseroom | 0.65 |
| Average Household Size | 2.00 |
| Average Age | 57.00 |
| Average Income | $529.00 |
| Average Cars Per Dwelling | 1.71 |
| Average Properties Within 50M | 7 |
| Typical 1 bed house | |
| Typical 2 bed house | $281,000 |
| Typical 3 bed house | $274,000 |
| Typical 4 bed house | $496,000 |
| Typical 5 bed house | $405,000 |
| Typical 6 bed+ house | $756,000 |
Housing Stock
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Edenhope Real Estate Market Outlook
Thinking about buying in Edenhope? Now could not be a better time, with 844 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $282,000 with prices in this suburb ranging from $29,000 to $757,000. The aproximate distance to the coast is 96 Km.
In Edenhope there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Edenhope 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 Edenhope 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 Edenhope 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 ValuationHouses for sale Edenhope
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201 Elizabeth Street, Edenhope, VIC, 3318 |  3 |
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$359,000 |
Local Schools
St Malachy's School
Edenhope College
(While the above schools are located with the suburb of Edenhope there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Edenhope 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 | 0.9 | 13.0 | 29.4 | 27.6 | 84.9 | 4.0 | 26.4 |
| Feb | 0.9 | 13.6 | 28.7 | 32.2 | 86.1 | 3.7 | 22.9 |
| Mar | 0.8 | 11.1 | 25.0 | 37.6 | 90.2 | 3.4 | 17.4 |
| Apr | 1.2 | 9.2 | 21.3 | 44.3 | 92.0 | 3.1 | 12.6 |
| May | 1.5 | 7.2 | 16.6 | 58.7 | 94.9 | 3.0 | 9.2 |
| Jun | 1.8 | 5.2 | 13.9 | 66.2 | 96.9 | 2.9 | 7.7 |
| Jul | 2.4 | 5.0 | 13.3 | 65.5 | 96.2 | 3.3 | 7.7 |
| Aug | 2.2 | 5.5 | 14.7 | 58.1 | 94.8 | 3.5 | 10.7 |
| Sept | 2.0 | 6.9 | 17.1 | 53.1 | 94.3 | 3.7 | 14.9 |
| Oct | 1.3 | 7.4 | 19.8 | 45.2 | 92.5 | 3.8 | 20.9 |
| Nov | 0.8 | 9.4 | 23.6 | 37.5 | 91.6 | 3.6 | 23.8 |
| Dec | 1.2 | 11.4 | 27.1 | 29.9 | 86.4 | 4.0 | 27.1 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Edenhope Golf Course - Less than 5 KM
Lake Wallace - Less than 5 KM
Edenhope Tennis Club - Less than 5 KM
Edenhope Bowling Club - Less than 5 KM
Nearby Suburbs
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