All About Mccrae, Mornington Peninsula, VIC, 3938

McCrae, located on the picturesque Mornington Peninsula in Victoria, offers a distinctive blend of natural beauty and serene coastal living, making it an appealing option for homebuyers and investors alike. The housing market in McCrae has experienced significant interest due in part to its charming coastal ambiance and its increasingly desirable lifestyle offerings. Properties in McCrae vary from modern, luxurious beachside residences to charming older homes, often boasting generous plots of land. This diversity in housing options attracts an array of buyers, from young families seeking the tranquility of suburban life to retirees drawn to the serene environment. The area's proximity to Melbourne, usually under 90 minutes drive, makes it an attractive option for commuters looking for a sea change without severing ties to the city.

Living in McCrae is characterized by its laid-back and community-oriented atmosphere. Life here is closely tied to the stunning natural landscapes, with Arthur's Seat State Park providing ample opportunities for hiking and outdoor adventures, while the pristine McCrae Beach is perfect for swimming, sunbathing, and picnicking. The area is known for its friendly, tight-knit community, and residents enjoy local amenities such as quaint cafes, boutique shopping, and a lively arts scene, particularly during the summer months when various festivals and markets take place. The appeal of living in McCrae is not just in its scenic beauty but also in its blend of recreational opportunities, sense of community, and the tranquility that comes from living in a location that balances coastal charm with modern conveniences.

Mccrae Real Estate Market Outlook

Thinking about buying in Mccrae? Now could not be a better time, with 2887 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,443,000 with prices in this suburb ranging from $405,000 to $6,405,000. Mccrae 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 Mccrae 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 Mccrae due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Mccrae 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 Mccrae necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Mccrae 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 Mccrae a better buying opportunity than it may have been in the past.

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Public Transport

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General Points of Interest

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