All About Tambo Upper, East Gippsland, VIC, 3885

Tambo Upper, located in the picturesque East Gippsland region of Victoria, offers a unique and appealing housing market for those looking to settle in a peaceful rural setting. Known for its stunning natural beauty, Tambo Upper attracts homebuyers interested in outdoor living and a slower pace of life. The housing market here is characterized by a mix of charming country homes, often set on expansive plots of land, providing plenty of space and privacy. Property prices in Tambo Upper tend to be more affordable compared to urban areas, making it an attractive option for families, retirees, and anyone seeking a tranquil lifestyle amidst nature. With the demand for regional living increasing, Tambo Upper's housing market has seen a steady interest from buyers looking to escape the busyness of city life.

Living in Tambo Upper provides residents with a close-knit community atmosphere and a strong sense of connection to the land. The area is surrounded by lush landscapes, including nearby rivers, rolling hills, and national parks, offering endless opportunities for outdoor activities such as hiking, fishing, and birdwatching. Despite its rural feel, Tambo Upper is conveniently located not far from Bairnsdale, the largest town in East Gippsland, providing access to amenities such as shopping, schools, and healthcare. The local community is known for its friendly and welcoming nature, organizing events and gatherings that foster a sense of belonging among residents. Overall, Tambo Upper offers a serene and fulfilling lifestyle, perfect for those seeking a balance between nature and community living.

Tambo Upper Real Estate Market Outlook

Thinking about buying in Tambo Upper? Now could not be a better time, with just 203 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $866,000 with prices in this suburb ranging from $230,000 to $3,356,000. The aproximate distance to the coast is 12 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Tambo Upper 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 Tambo Upper 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. Lower than average population density constrains growth in Tambo Upper 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 Tambo Upper 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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