All About Ruby, South Gippsland, VIC, 3953

Ruby, located in the picturesque South Gippsland region of Victoria, offers a serene and welcoming atmosphere for those looking to settle in a rural community. The housing market in Ruby reflects its tranquil countryside setting, with properties generally being more affordable compared to metropolitan areas. This affordability, combined with larger land sizes and scenic views, makes Ruby an attractive option for families and retirees seeking a quieter lifestyle. The real estate market here typically features classic Australian rural homes, as well as modern farmhouses, each providing a unique blend of comfort and rural charm. Additionally, the relatively low competition in the housing market provides potential homeowners with more opportunities to find properties that suit their needs and preferences.

Living in Ruby is a delightful experience for those who appreciate nature and a sense of community. The town is surrounded by rolling hills and lush farmland, offering plenty of opportunities for outdoor activities such as hiking, cycling, and exploring local wildlife. The community in Ruby is tight-knit, with residents often coming together for local events and social gatherings, fostering a friendly and supportive environment. While Ruby offers a peaceful retreat from the hustle and bustle of city life, it remains conveniently located near essential amenities and services in neighboring towns. This balance of tranquility and accessibility makes Ruby a compelling choice for those looking to enjoy a fulfilling, laid-back lifestyle in a beautiful rural setting.

Ruby Real Estate Market Outlook

Thinking about buying in Ruby? Now could not be a better time, with just 95 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $929,000 with prices in this suburb ranging from $580,000 to $1,334,000. The aproximate distance to the coast is 21 Km.

Consistent high demand relative to supply is a key feature in Ruby 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 Ruby 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 Ruby provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Ruby to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Ruby 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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