All About Tecoma, Yarra Ranges, VIC, 3160

Tecoma, a charming suburb located in the Yarra Ranges of Victoria, Australia, offers a delightful blend of natural beauty and suburban comfort. The housing market in Tecoma is characterized by a variety of options ranging from classic Australian homes to modern family residences. Over recent years, the area has seen consistent interest from homebuyers seeking a serene lifestyle, surrounded by lush greenery while still being within commuting distance to Melbourne. This demand has gradually influenced property prices, making Tecoma a competitive yet appealing market for families and retirees alike. The suburb is noted for its community-oriented environment, making it an attractive destination for those looking to escape the hustle and bustle of city life while retaining access to urban amenities.

Living in Tecoma provides residents with a unique hillside lifestyle, enriched by its proximity to natural attractions such as the Dandenong Ranges National Park. This positioning offers ample opportunities for outdoor activities like hiking, bird watching, and picnicking. The local community is known for its friendly atmosphere and active engagement through events and local markets. Residents enjoy a peaceful lifestyle with essential amenities such as schools, shops, and healthcare services readily available. The Belgrave train line connects Tecoma to Melbourne, providing convenience for commuters. Overall, Tecoma offers a harmonious blend of natural beauty and essential modern conveniences, making it an ideal place for those looking to embrace a tranquil yet connected way of life.

Tecoma Real Estate Market Outlook

Thinking about buying in Tecoma? Now could not be a better time, with 1060 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,017,000 with prices in this suburb ranging from $411,000 to $2,444,000. The aproximate distance to the coast is 23 Km.

Consistent high demand relative to supply is a key feature in Tecoma driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Tecoma 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 Tecoma provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Tecoma requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Tecoma we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Tecoma a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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