Kennett River, a small coastal town in the Colac Otway Shire of Victoria, Australia, is known for its stunning natural beauty and serene environment. The housing market here is characterized by its limited availability, given the town's small size and the desirable nature of its location. Properties range from charming beach houses to modern holiday retreats, often commanding premium prices due to their proximity to the Great Ocean Road and the picturesque beaches. The demand for homes in Kennett River is typically high among those looking for vacation properties or a peaceful place to retire, which can lead to competitive conditions for buyers.
Living in Kennett River offers a tranquil lifestyle amidst lush coastal landscapes and diverse wildlife. The town is famous for its koalas, which can often be seen lounging in the trees, adding to the area's unique charm. Residents enjoy a relaxed pace of life, with opportunities for outdoor activities such as surfing, fishing, and hiking in the nearby Great Otway National Park. The sense of community is strong in this small town, with friendly locals and a few local amenities, although larger services and more extensive shopping options are available in nearby towns. Overall, Kennett River provides an idyllic blend of natural beauty and community spirit, appealing to those looking to escape the hustle and bustle of city life.
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Thinking about buying in Kennett River? Now could not be a better time, with just 326 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,245,000 with prices in this suburb ranging from $229,000 to $2,356,000. Kennett River is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Consistent high demand relative to supply is a key feature in Kennett River driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Kennett River 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 Kennett River 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 Kennett River 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 Kennett River 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 ValuationNone within suburb boundary
(While the above schools are located with the suburb of Kennett River there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.5 | 14.3 | 24.2 | 50.6 | 89.8 | 4.7 | 24.5 |
Feb | 1.0 | 14.9 | 23.4 | 55.3 | 89.8 | 4.4 | 19.6 |
Mar | 1.4 | 14.0 | 22.1 | 53.7 | 89.7 | 4.3 | 15.1 |
Apr | 1.3 | 11.8 | 19.6 | 55.9 | 91.1 | 4.2 | 11.4 |
May | 2.2 | 9.8 | 16.4 | 60.7 | 91.6 | 4.7 | 8.4 |
Jun | 2.1 | 8.0 | 14.1 | 66.4 | 92.7 | 4.7 | 7.1 |
Jul | 2.4 | 7.3 | 13.5 | 64.2 | 91.8 | 5.2 | 7.5 |
Aug | 2.0 | 7.3 | 14.4 | 59.2 | 91.6 | 5.2 | 10.1 |
Sept | 1.9 | 8.4 | 16.7 | 53.2 | 90.6 | 5.0 | 14.3 |
Oct | 1.9 | 9.7 | 18.9 | 52.0 | 90.3 | 4.7 | 19.2 |
Nov | 1.8 | 11.3 | 20.7 | 52.3 | 90.8 | 4.6 | 22.1 |
Dec | 1.4 | 12.4 | 22.3 | 52.2 | 90.3 | 4.5 | 25.1 |
source: Australian Government Bureau of Meteorology
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