All About Krowera, Bass Coast, VIC, 3945

Krowera, nestled within the beautiful Bass Coast region of Victoria, offers a unique blend of rural tranquility and accessible amenities, making it an intriguing spot for those looking to escape the hustle and bustle of city life. With the housing market reflecting a mix of quaint farmsteads and modern homes, potential buyers are attracted by the relatively affordable prices compared to more urban areas, and the opportunity to secure larger land parcels. The area is characterized by rolling hills and lush landscapes, which not only provide scenic views but also an ideal setting for agricultural pursuits and outdoor activities. As with many rural communities, the housing market in Krowera is not as volatile as urban centers, offering a more stable investment for homeowners and potential newcomers.

Living in Krowera offers a peaceful lifestyle with the advantage of being part of a close-knit community. Residents enjoy a slower pace of life, surrounded by nature and wildlife, which is perfect for those who appreciate a quieter environment. Despite its rural setting, Krowera isn't isolated; it's within reasonable driving distance to the coastal attractions of Bass Coast, including popular destinations like Phillip Island, known for its beaches and wildlife reserves. Locals can enjoy a range of outdoor activities, from hiking in natural reserves to fishing and beach outings. The sense of community in Krowera is strong, often centered around local events and gatherings, which fosters a welcoming atmosphere for newcomers. Overall, living in Krowera means embracing a lifestyle that values community, nature, and simplicity, making it a beautiful place to call home.

Krowera Real Estate Market Outlook

Thinking about buying in Krowera? Now could not be a better time, with just 96 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $997,000 with prices in this suburb ranging from $542,000 to $1,592,000. Krowera is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Krowera there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Krowera 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 Krowera 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. High density population in Krowera requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Krowera 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 Krowera a better buying opportunity than it may have been in the past.

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