Thinking about buying in Gowanbrae? Now could not be a better time, with 1231 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,115,000 with prices in this suburb ranging from $227,000 to $3,110,000. The aproximate distance to the coast is 11 Km.

Gowanbrae Real Estate Market Outlook

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. High average incomes in Gowanbrae ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Gowanbrae 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 Gowanbrae 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.

Houses for sale Gowanbrae

	12 DURANTA DR, GOWANBRAE, VIC, 3043				$280,000 - $300,000
	27 SEGGAN CIR, GOWANBRAE, VIC, 3043	2	1	1	Auction $495,000 - $540,000
	UNIT 13, 46-54 GOWANBRAE DR, GOWANBRAE, VIC, 3043	2	1	1	Under Offer
	29 SEGGAN CIR, GOWANBRAE, VIC, 3043	3	1	1	Private Sale $669,000
	16 PRIMULA BVD, GOWANBRAE, VIC, 3043	0	0	0	720000

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General Points of Interest

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