Thinking about buying in Moorabool? Now could not be a better time, with just 74 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,147,000 with prices in this suburb ranging from $1,147,000 to $1,147,000. Moorabool is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Moorabool Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. 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 Moorabool due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Moorabool 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. High density population in Moorabool requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Moorabool 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 Moorabool a better buying opportunity than it may have been in the past.

Houses for sale Moorabool

160 viaduct rd, moorabool, vic, 3213

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General Points of Interest

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