All About Magpie, Ballarat, VIC, 3352

Magpie, a suburb nestled in the southern part of Ballarat, Victoria, offers a unique blend of tranquil country living with the convenience of urban amenities nearby. The housing market in Magpie reflects its semi-rural charm, with a variety of properties ranging from quaint cottages and larger family homes to expansive rural blocks. This variety makes it an appealing area for both young families seeking space and retirees looking for peaceful surroundings. Compared to central Ballarat, home prices in Magpie tend to be more affordable, offering great value for those wanting to escape the hustle and bustle of city life without straying too far from its conveniences. With recent growth in the Ballarat region, Magpie has seen steady demand, maintaining a stable market that appeals to a range of buyers.

Living in Magpie provides residents with a comfortable, laid-back lifestyle. The suburb is characterized by a friendly community atmosphere, where neighbors often know each other and local events bring people together. Nature lovers would appreciate the scenic landscape, as Magpie is surrounded by lush greenery and is close to beautiful parks and walking trails, offering plenty of outdoor activities. Despite its rural feel, Magpie is just a short drive away from Ballarat’s city center, where one can find shopping centers, restaurants, schools, and other essential services. This balance of rural and urban living makes Magpie an attractive location for those who desire the best of both worlds: the serenity of country life with easy access to city benefits.

Magpie Real Estate Market Outlook

Thinking about buying in Magpie? Now could not be a better time, with just 139 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $977,000 with prices in this suburb ranging from $542,000 to $1,844,000. The aproximate distance to the coast is 66 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Magpie 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 Magpie 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 Magpie necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Magpie 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.

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Public Transport

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General Points of Interest

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