All About Monegeetta, Macedon Ranges, VIC, 3433

Monegeetta, a charming rural locality in the Macedon Ranges of Victoria, offers a unique slice of country living while being within commutable distance to Melbourne. The housing market in Monegeetta reflects its tranquil lifestyle, characterized by spacious properties and predominantly detached houses. In recent years, there has been a growing interest in this area as more people seek respite from the hustle and bustle of city life, desiring the peace that comes with rural settings. The market here is relatively stable, with property prices more affordable compared to metropolitan areas, making it an attractive option for first-time homebuyers and those looking for larger plots of land to perhaps engage in hobby farming or cultivate sprawling gardens.

Living in Monegeetta is synonymous with embracing a close-knit community spirit and enjoying the natural beauty that defines the Macedon Ranges region. Residents benefit from a more relaxed pace of life, with picturesque landscapes and outdoor recreational opportunities at their doorstep. The area is well-suited for families as well as retirees who appreciate its serene environment and the opportunity to engage in community activities. While amenities in Monegeetta itself might be limited, nearby towns offer necessary services and shopping facilities, ensuring that residents maintain a balance between seclusion and accessibility. This lifestyle appeals to those who value privacy and connection with nature, making Monegeetta a delightful and peaceful place to call home.

Monegeetta Real Estate Market Outlook

Thinking about buying in Monegeetta? Now could not be a better time, with just 137 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,371,000 with prices in this suburb ranging from $540,000 to $3,360,000. The aproximate distance to the coast is 43 Km.

Consistent high demand relative to supply is a key feature in Monegeetta driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Monegeetta are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Monegeetta 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 Monegeetta 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 Monegeetta 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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General Points of Interest

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