All About Smeaton, Hepburn, VIC, 3364

Smeaton, located in the Shire of Hepburn, Victoria, is a charming small town known for its rich history and serene rural landscape. The housing market here reflects its quaint and tranquil nature, often attracting those seeking a peaceful lifestyle away from the bustling cities. Property options in Smeaton typically include classic Victorian-style homes, country cottages, and expansive plots of land perfect for those interested in farming or simply enjoying a spacious backyard. This smaller housing market tends to be more affordable than larger urban areas, making it an attractive option for families, retirees, and first-time homebuyers looking for value and a quieter place to call home.

Living in Smeaton means enjoying a close-knit community atmosphere where neighbors know each other, and community events are a staple. The town is surrounded by beautiful natural landscapes, including lush farmland, rolling hills, and nearby creeks, offering numerous opportunities for outdoor activities such as hiking, fishing, and picnics. Residents appreciate the slower pace of life, which allows for a balanced lifestyle with plenty of time for family, hobbies, and relaxation. Despite its rural setting, Smeaton is conveniently located within driving distance of larger towns like Ballarat and Daylesford, where more extensive amenities, shopping, and dining options are available, ensuring residents have the best of both worlds: a peaceful home environment with access to necessary conveniences.

Smeaton Real Estate Market Outlook

Thinking about buying in Smeaton? Now could not be a better time, with just 233 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $855,000 with prices in this suburb ranging from $96,000 to $4,723,000. The aproximate distance to the coast is 86 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 Smeaton 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 Smeaton 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 Smeaton 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 Smeaton 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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