Limestone, situated in the scenic region of Murrindindi, Victoria, is noted for its serene countryside charm and lush natural landscapes. The housing market in Limestone reflects the tranquil atmosphere of the region, offering a range of properties that appeal to those seeking a peaceful rural lifestyle. Homes in this area often come with ample land, providing residents with spacious surroundings and unique opportunities for gardening, farming, or simply enjoying the open space. The market has seen stable growth as more people are drawn to the area's affordability compared to urban centers, along with the increasing desire for a more relaxed living environment post-pandemic.
Living in Limestone provides a blend of country living with manageable access to amenities. Community life is enriched by the close-knit nature of the residents, who often engage in local events and activities. The surrounding natural beauty offers abundant outdoor opportunities, such as hiking, fishing, and exploring nearby national parks and reserves. While it may require a commute for certain conveniences or employment opportunities found in larger towns or cities, many find that the idyllic setting and slower pace of life more than compensate. This makes Limestone an attractive choice for families, retirees, or anyone looking to escape the hustle and bustle of city life.
| Median Weekly Rent | $273.33 |
| Median Monthly Mortgage | $1682.67 |
| Median Persons Per bed houseroom | 0.73 |
| Average Household Size | 2.00 |
| Average Age | 55.67 |
| Average Income | $661.33 |
| Average Cars Per Dwelling | 2.37 |
| Average Properties Within 50M | 1 |
| Typical 1 bed house | |
| Typical 2 bed house | $894,000 |
| Typical 3 bed house | $1,331,000 |
| Typical 4 bed house | $1,194,000 |
Housing Stock
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Thinking about buying in Limestone? Now could not be a better time, with just 94 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,268,000 with prices in this suburb ranging from $620,000 to $2,074,000. The aproximate distance to the coast is 74 Km.
In Limestone 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. Low average incomes in Limestone is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Limestone leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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 Limestone 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 Limestone 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 | 3.1 | 17.7 | 30.8 | 37.6 | 86.6 | 3.1 | 25.0 |
| Feb | 3.0 | 16.4 | 29.5 | 38.0 | 88.6 | 2.8 | 23.2 |
| Mar | 3.1 | 15.6 | 28.6 | 36.6 | 88.3 | 2.7 | 18.4 |
| Apr | 1.6 | 11.3 | 23.9 | 38.9 | 88.4 | 2.6 | 16.4 |
| May | 1.3 | 7.1 | 19.5 | 42.2 | 91.8 | 2.3 | 12.8 |
| Jun | 1.5 | 5.4 | 16.9 | 44.4 | 92.4 | 2.4 | 10.8 |
| Jul | 1.6 | 3.4 | 15.9 | 39.6 | 92.5 | 2.4 | 12.2 |
| Aug | 1.4 | 4.2 | 18.1 | 31.9 | 86.1 | 2.6 | 14.9 |
| Sept | 1.8 | 7.4 | 20.4 | 36.9 | 88.3 | 2.8 | 18.3 |
| Oct | 2.9 | 11.1 | 24.4 | 34.9 | 87.4 | 2.8 | 22.0 |
| Nov | 2.8 | 13.9 | 27.8 | 32.2 | 81.6 | 3.0 | 26.0 |
| Dec | 4.2 | 15.2 | 27 | 44.6 | 91.4 | 2.8 | 24.6 |
source: Australian Government Bureau of Meteorology
| 12-02-2021 | $870,000 | 1736 Limestone Road |
| 20-02-2018 | $450,000 | 866 Limestone Road |
| 08-02-2016 | $54,000 | 866 Limestone Road |
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