All About Hazelwood North, Latrobe (Vic.), VIC, 3840

Hazelwood North, located in the Latrobe Valley of Victoria, is a small but vibrant community that offers a unique blend of rural charm and accessibility. The housing market in Hazelwood North is characterized by a mix of spacious family homes and larger properties with room for development, reflecting its semi-rural setting. Property prices here are relatively more affordable compared to larger urban centers in Victoria, making it an attractive option for families and retirees looking for value without sacrificing on space. The area has seen moderate growth in recent years as more people discover its potential as a peaceful yet conveniently located living destination, with easy access to nearby towns like Morwell and Traralgon for employment and services.

Living in Hazelwood North offers residents a tranquil lifestyle amidst picturesque landscapes, featuring lush greenery and open fields. The community is known for its friendly and welcoming atmosphere, making it perfect for those seeking a close-knit neighborhood. Despite its rural charm, Hazelwood North is well-connected, with essential amenities and public transport options within a short drive, ensuring residents can easily access schools, shopping centers, and healthcare facilities. Outdoor enthusiasts will particularly appreciate the proximity to natural attractions and recreational activities in the broader Latrobe Valley area, providing ample opportunities for hiking, biking, and exploring the lush Victorian countryside. Overall, Hazelwood North presents a harmonious balance between peaceful rural living and the convenience of nearby urban amenities.

Hazelwood North Real Estate Market Outlook

Thinking about buying in Hazelwood North? Now could not be a better time, with 714 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $910,000 with prices in this suburb ranging from $108,000 to $2,074,000. The aproximate distance to the coast is 38 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. Incomes in Hazelwood North are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Hazelwood North 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 Hazelwood North necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Hazelwood North 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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General Points of Interest

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