All About Kalorama, Yarra Ranges, VIC, 3766

Kalorama, located in the scenic Yarra Ranges of Victoria, offers a unique blend of tranquility and natural beauty that is reflected in its housing market. The area is known for its charming homes, many of which boast stunning views of the surrounding forests and valleys. Housing options in Kalorama range from quaint cottages to more luxurious dwellings, often nestled among lush gardens and native bushland. The market here tends to attract those seeking a peaceful retreat from the hustle and bustle of city life, with a desire to immerse themselves in a serene environment. While property prices can vary, the appeal of living in such a picturesque locale often means homes are highly sought after, contributing to a stable and competitive housing market.

Living in Kalorama provides residents with a sense of community and connection to nature that is hard to find in more urban settings. The area is characterized by its quiet, winding roads and intimate neighborhood vibe, making it ideal for families, retirees, and anyone keen to enjoy a slower pace of life. Local attractions like the Kalorama Park and the iconic SkyHigh Mount Dandenong offer plenty of outdoor activities and breathtaking views, encouraging a lifestyle that is both relaxed and active. Despite its tranquil charm, Kalorama is only about an hour's drive from Melbourne, providing convenient access to city amenities when needed. The combination of natural beauty, community spirit, and accessibility makes Kalorama a unique and desirable place to live.

Kalorama Real Estate Market Outlook

Thinking about buying in Kalorama? Now could not be a better time, with 720 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,081,000 with prices in this suburb ranging from $179,000 to $2,837,000. The aproximate distance to the coast is 31 Km.

Consistent high demand relative to supply is a key feature in Kalorama driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Kalorama 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. A mix of professions and above average income earners in Kalorama 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 Kalorama 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 Kalorama 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 Kalorama a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!