All About Milawa, Wangaratta, VIC, 3678

Milawa, located in the Wangaratta region of Victoria, Australia, is a charming town known for its vibrant food and wine culture, making it a desirable place to call home. The housing market in Milawa has been relatively stable, with a mix of charming country cottages and modern homes that reflect the area's pastoral beauty. Property prices have been gradually increasing in recent years, driven by the demand for rural living coupled with proximity to Wangaratta, which offers more extensive amenities and services. Buyers are often drawn to the area's scenic landscapes, its reputation for gourmet food and wine experiences, and a lifestyle that combines rural tranquility with a strong sense of community.

Living in Milawa offers the chance to enjoy a peaceful and relaxed lifestyle with plenty of opportunities for outdoor recreation. Residents enjoy access to gourmet food stores, renowned restaurants, and wineries, including the famous Milawa Cheese Factory and Brown Brothers Winery, which add an appealing touch of luxury to everyday living. The town's location within Victoria's High Country makes it ideal for weekend getaways to the surrounding natural attractions. Milawa is home to a friendly and welcoming community, and the town often hosts local markets, festivals, and events that bring neighbors together and celebrate regional produce and culture. With its blend of country charm and modern amenities, Milawa provides a delightful lifestyle choice for those looking to embrace the quieter side of life while still staying connected to larger urban centers.

Milawa Real Estate Market Outlook

Thinking about buying in Milawa? Now could not be a better time, with just 322 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $840,000 with prices in this suburb ranging from $578,000 to $1,198,000. The aproximate distance to the coast is 193 Km.

In Milawa 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 Milawa 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 Milawa 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 Milawa 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 Milawa 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 Valuation

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General Points of Interest

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