All About Yellingbo, Yarra Ranges, VIC, 3139

Yellingbo, a quaint and picturesque locality in the Yarra Ranges of Victoria, offers a unique blend of rural charm and suburban convenience, making its housing market an intriguing prospect for potential buyers. Known for its lush landscapes and proximity to natural attractions like the Yellingbo Nature Conservation Reserve, this area appeals to those seeking a peaceful retreat from the hustle and bustle of city life. The housing market in Yellingbo is characterized by spacious properties, including family homes on large plots of land, as well as charming country cottages. Although the real estate market in Yellingbo is not as fast-paced or competitive as in metropolitan Melbourne, it has seen steady interest from individuals and families looking for a tranquil lifestyle. Property prices here are generally more affordable compared to urban centers, offering great value for money for nature lovers and those looking for room to grow.

Living in Yellingbo provides a serene, laid-back lifestyle amidst a close-knit community. The area is perfect for outdoor enthusiasts, with numerous walking trails, parks, and wildlife reserves nearby, allowing residents to enjoy activities such as hiking, bird-watching, and picnicking. The community is also enriched by local events, farmers markets, and artisan shops that celebrate regional produce and craftsmanship. Despite its peaceful seclusion, Yellingbo is conveniently located within commuting distance of larger townships like Lilydale and Belgrave, where residents can access a wider range of amenities, schools, and services. The blend of natural beauty, community spirit, and accessibility makes Yellingbo not only a beautiful place to live but also a promising option for those looking to invest in the Yarra Ranges housing market.

Yellingbo Real Estate Market Outlook

Thinking about buying in Yellingbo? Now could not be a better time, with just 253 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,458,000 with prices in this suburb ranging from $722,000 to $2,646,000. The aproximate distance to the coast is 37 Km.

In Yellingbo there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Yellingbo 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 Yellingbo 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 Yellingbo 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. With very low industrial sector presence in Yellingbo 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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