All About Shoreham, Mornington Peninsula, VIC, 3916

Shoreham, a charming township on the Mornington Peninsula in Victoria, boasts a unique and serene housing market marked by its blend of coastal and rural living. With its scenic beaches and lush landscapes, Shoreham offers a variety of properties, from modern beachside homes to cozy, countryside retreats. The housing market here is known for its tranquility and exclusivity, often attracting those looking to escape the hustle and bustle of city life. While property prices can be on the higher side due to its desirability and picturesque setting, the investment tends to pay off for those who value a laid-back lifestyle alongside nature. The community is characterized by a slower pace of life, making it an ideal haven for retirees, families, and anyone seeking a peaceful escape with the perks of nearby amenities and cultural attractions in the surrounding Peninsula.

Living in Shoreham provides residents with a unique blend of coastal charm and rural simplicity, which makes it a delightful place for both relaxation and recreation. Known for its vineyard-dotted landscapes and pristine, uncrowded beaches, Shoreham offers plenty of outdoor activities such as hiking, surfing, and wine tasting at the local wineries. The town retains a strong sense of community, where locals enjoy a peaceful camaraderie, shared through local markets, community events, and a general spirit of friendliness. Despite its peaceful demeanor, Shoreham is well-connected to the broader Peninsula region, offering easy access to shopping, dining, and educational facilities in nearby towns. Overall, Shoreham's lifestyle is characterized by a harmonious blend of nature and community-focused living, ideal for those seeking a slower pace without sacrificing quality of life.

Shoreham Real Estate Market Outlook

Thinking about buying in Shoreham? Now could not be a better time, with 942 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $3,756,000 with prices in this suburb ranging from $770,000 to $20,489,000. Shoreham is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

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. High average incomes in Shoreham ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Shoreham 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 Shoreham 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 Shoreham 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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Public Transport

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General Points of Interest

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Nearby Suburbs

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