All About Warranwood, Maroondah, VIC, 3134

Warranwood, located in the City of Maroondah, Victoria, is a quiet and picturesque suburb known for its leafy streets and family-friendly atmosphere. The housing market in Warranwood is characterized by well-established, sizeable homes, often set on large blocks of land. This area has maintained a stable property market, being appealing primarily to families seeking a peaceful lifestyle away from the hustle and bustle of the city. Property prices in Warranwood reflect the area's desirability, with demand driven by its proximity to quality schools, parks, and amenities. The mix of older homes and modern developments offers diverse options for potential homebuyers. Despite broader market fluctuations, Warranwood remains a sought-after location due to its community-centric environment and natural beauty.

Living in Warranwood offers residents a tranquil suburban oasis with easy access to urban conveniences. The suburb boasts a strong community spirit, supported by a range of local groups and events that foster a sense of belonging among residents. For nature lovers, Warranwood is surrounded by lush greenery and plenty of open spaces, including the nearby Warrandyte State Park and Yarra Valley, which are perfect for outdoor activities such as hiking, cycling, and picnicking. Families in Warranwood benefit from the suburb's proximity to highly regarded educational institutions, such as Warranwood Primary School and Rudolf Steiner School, ensuring quality education for children. While enjoying a peaceful setting, residents are only a short drive from the vibrant amenities of Melbourne, providing a perfect balance between serene suburban life and city accessibility.

Warranwood Real Estate Market Outlook

Thinking about buying in Warranwood? Now could not be a better time, with 1921 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,511,000 with prices in this suburb ranging from $216,000 to $4,456,000. The aproximate distance to the coast is 25 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. High average incomes in Warranwood 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. The high percentage of professional people in Warranwood classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Warranwood 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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