Quambatook, a small town located in the Gannawarra Shire of Victoria, offers a unique blend of rural charm and community spirit, which is reflected in its housing market. The market here is characterized by a selection of modestly priced homes, making it an attractive option for first-time buyers or those seeking a quieter lifestyle away from the hustle and bustle of urban centers. Properties in Quambatook are typically more affordable compared to larger towns and cities, offering spacious blocks of land and traditional country-style homes. This affordability allows residents to enjoy the benefits of home ownership without the significant financial burden often associated with metropolitan areas.
Living in Quambatook provides its residents with a peaceful and close-knit community atmosphere. The town is known for its friendly people and a pace of life that is relaxed and laid-back. The local economy is primarily driven by agriculture, with vast open farmlands surrounding the area, providing picturesque landscapes and opportunities for outdoor activities. Residents enjoy basic amenities and services within the town itself, with more extensive options available in nearby towns. There’s a strong sense of community, with events and gatherings such as the famous Quambatook Tractor Pull, fostering a strong community connection. Overall, Quambatook offers a tranquil lifestyle with a sense of belonging, making it an appealing place for those looking to escape city living.
Median Weekly Rent | $80.00 |
Median Monthly Mortgage | $650.00 |
Median Persons Per bed houseroom | 0.60 |
Average Household Size | 2.00 |
Average Age | 60.00 |
Average Income | $480.00 |
Average Cars Per Dwelling | 1.58 |
Average Properties Within 50M | 5 |
Typical 1 bed house | |
Typical 2 bed house | $193,000 |
Typical 3 bed house | $287,000 |
Typical 4 bed house | $328,000 |
Typical 5 bed house | $374,000 |
Housing Stock
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Thinking about buying in Quambatook? Now could not be a better time, with just 299 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $275,000 with prices in this suburb ranging from $28,000 to $375,000. The aproximate distance to the coast is 237 Km.
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 Quambatook due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Quambatook changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Quambatook 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 Valuation8 Church Street, Quambatook, VIC, 3540 | 3 | 1 | 1 | $280,000 - $295,000 |
None within suburb boundary
(While the above schools are located with the suburb of Quambatook there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.1 | 15.3 | 32.9 | 20.1 | 72.9 | 3.8 | 27.4 |
Feb | 0.7 | 15.4 | 31.8 | 24.0 | 76.2 | 3.6 | 24.0 |
Mar | 0.9 | 12.8 | 27.7 | 30.9 | 83.8 | 3.2 | 18.7 |
Apr | 1.0 | 9.2 | 23.1 | 36.5 | 88.6 | 2.8 | 14.0 |
May | 1.2 | 6.5 | 18.1 | 49.7 | 95.7 | 2.8 | 10.2 |
Jun | 1.0 | 3.7 | 14.5 | 61.3 | 98.6 | 2.5 | 8.7 |
Jul | 1.1 | 3.7 | 14.1 | 61.9 | 98.2 | 3.0 | 8.6 |
Aug | 1.1 | 3.9 | 15.1 | 55.1 | 97.7 | 3.1 | 11.5 |
Sept | 1.2 | 5.3 | 19.1 | 43.5 | 95.9 | 3.2 | 16.0 |
Oct | 1.1 | 7.6 | 23.2 | 33.9 | 92.2 | 3.4 | 21.1 |
Nov | 1.2 | 10.6 | 27.2 | 26.0 | 87.0 | 3.6 | 24.4 |
Dec | 1.0 | 13.3 | 30.4 | 22.2 | 78.2 | 3.7 | 28.1 |
source: Australian Government Bureau of Meteorology
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