Koondrook, a quaint town situated in the Shire of Gannawarra, Victoria, offers a serene lifestyle that’s becoming increasingly appealing to those looking to escape the hustle and bustle of city life. The housing market in Koondrook is characterized by its affordability compared to urban areas, making it attractive for families, retirees, and first-time homebuyers. Properties here often consist of charming, older homes and newer builds that offer modern comforts without losing the town’s rustic appeal. The market has seen steady interest from buyers looking for a peaceful setting, with the added benefit of close-knit community living. As such, while demand has been gradually increasing, prices remain relatively stable, providing good value for potential homeowners.
Living in Koondrook promises a laid-back, community-centric lifestyle with the Murray River at your doorstep, perfect for outdoor enthusiasts who enjoy fishing, kayaking, and riverside picnics. The town hosts a range of local amenities, including cafes, shops, and services that cater to everyday needs, although larger shopping and entertainment options are just a short drive away in nearby towns. Koondrook is also rich in history, with its iconic red gum wharf and scenic walking trails connecting residents with nature and heritage. This makes it an ideal location for those interested in a lifestyle that combines natural beauty, cultural heritage, and a genuine sense of community.
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Thinking about buying in Koondrook? Now could not be a better time, with 814 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $283,000 with prices in this suburb ranging from $43,000 to $1,185,000. The aproximate distance to the coast is 243 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. 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 Koondrook 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 Koondrook 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 Koondrook 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 Valuation22A Vine Street, Koondrook, VIC, 3580 | 2 | 1 | 1 | $680,000-$730,000 |
Koondrook Primary School
Barham Public School
Barham High School
(While the above schools are located with the suburb of Koondrook 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 | |
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Aug | 0.7 | 3.9 | 16.6 | 42.2 | 92.6 | 4.4 | 12.3 |
Sept | 0.9 | 5.4 | 20.8 | 31.1 | 88.8 | 4.6 | 17.1 |
Oct | 0.9 | 8.5 | 25.0 | 25 | 83.8 | 4.5 | 21.7 |
Nov | 0.9 | 11.6 | 28.5 | 20.4 | 78.0 | 4.8 | 24.9 |
Dec | 0.8 | 14.6 | 31.8 | 16.2 | 69.4 | 4.9 | 28.6 |
Jan | 0.8 | 16.3 | 34.0 | 16.1 | 67.3 | 4.7 | 28.2 |
Feb | 0.6 | 16.0 | 32.3 | 21.6 | 71.5 | 4.5 | 24.2 |
Mar | 0.7 | 13.6 | 28.6 | 25.9 | 76.6 | 4.1 | 19.3 |
Apr | 0.9 | 9.7 | 24.0 | 31.7 | 82.5 | 3.7 | 14.7 |
May | 0.9 | 6.8 | 19 | 42.9 | 90.9 | 3.9 | 10.8 |
Jun | 0.8 | 4.2 | 15.2 | 54.6 | 95.0 | 3.6 | 9.0 |
Jul | 0.7 | 3.0 | 15.0 | 50.1 | 94.4 | 4.2 | 9.3 |
source: Australian Government Bureau of Meteorology
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