All About Fernbank, East Gippsland, VIC, 3864

Fernbank, located in East Gippsland, VIC, offers a serene and affordable living environment, making it an attractive choice for those seeking a quieter lifestyle away from the hustle and bustle of larger cities. The housing market in Fernbank reflects its rural charm, with a range of properties available from modest family homes to larger estates, often at more affordable prices compared to urban centers. This affordability, along with the appeal of spacious properties and a strong sense of community, has been drawing both retirees and families alike. Over recent years, the market has seen steady interest, partially driven by the rise in remote working opportunities which has allowed more people to consider living in picturesque locations like Fernbank.

Living in Fernbank offers a relaxed lifestyle with a close-knit community feel. The town is surrounded by natural beauty, including lush greenery and accessible outdoor spaces, which residents often take advantage of for recreational activities such as hiking and bird watching. The local community is active, and events often emphasize family-friendly activities, fostering a welcoming atmosphere. While it’s a quieter location, necessary amenities are within reach, either in town or in nearby larger centers. This combination of tranquil rural living with essential services and community spirit makes Fernbank an appealing place for those looking to enjoy life at a slower pace with the added benefit of a supportive community network.

Fernbank Real Estate Market Outlook

Thinking about buying in Fernbank? Now could not be a better time, with just 177 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $619,000 with prices in this suburb ranging from $103,000 to $1,170,000. The aproximate distance to the coast is 24 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 Fernbank 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 Fernbank 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 Fernbank 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 Fernbank 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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