Barwon Downs, nestled in the picturesque Colac Otway region of Victoria, offers a serene and scenic living environment. The housing market here is characterized by a mix of charming country homes and expansive properties, reflecting the rural charm of the area. With its proximity to lush forests and natural reserves, residents enjoy a tranquil lifestyle away from the hustle and bustle of city living. The market has seen modest growth, driven by families and individuals seeking affordable housing options coupled with a close-knit community atmosphere. Potential homebuyers can expect a welcoming environment, with properties that often feature spacious land and sweeping views of the surrounding countryside.
Living in Barwon Downs means embracing a lifestyle centered around nature and community. The town, while small, boasts a strong sense of camaraderie among its residents, with local events and gatherings fostering a spirit of togetherness. Its location within the Colac Otway region provides easy access to stunning natural attractions, such as the Great Otway National Park and the scenic Great Ocean Road, perfect for weekend adventures. While amenities in Barwon Downs itself might be limited, the nearby larger towns provide convenient access to necessary services and shopping needs. Overall, Barwon Downs offers a peaceful retreat, appealing to those looking to escape the urban grind and enjoy the simple pleasures of rural living.
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Thinking about buying in Barwon Downs? Now could not be a better time, with just 176 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $946,000 with prices in this suburb ranging from $268,000 to $2,591,000. Barwon Downs is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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 Barwon Downs 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 Barwon Downs 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Barwon Downs 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.
Instant Property Valuation44 Wallaces Road, Barwon Downs, VIC, 3243 | 3 | 1 | 4 | $1,490,000 |
Forrest Primary School
(While the above schools are located with the suburb of Barwon Downs there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
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Jan | 1.5 | 14.3 | 24.2 | 50.6 | 89.8 | 4.7 | 24.5 |
Feb | 1.0 | 14.9 | 23.4 | 55.3 | 89.8 | 4.4 | 19.6 |
Mar | 1.4 | 14.0 | 22.1 | 53.7 | 89.7 | 4.3 | 15.1 |
Apr | 1.3 | 11.8 | 19.6 | 55.9 | 91.1 | 4.2 | 11.4 |
May | 2.2 | 9.8 | 16.4 | 60.7 | 91.6 | 4.7 | 8.4 |
Jun | 2.1 | 8.0 | 14.1 | 66.4 | 92.7 | 4.7 | 7.1 |
Jul | 2.4 | 7.3 | 13.5 | 64.2 | 91.8 | 5.2 | 7.5 |
Aug | 2.0 | 7.3 | 14.4 | 59.2 | 91.6 | 5.2 | 10.1 |
Sept | 1.9 | 8.4 | 16.7 | 53.2 | 90.6 | 5.0 | 14.3 |
Oct | 1.9 | 9.7 | 18.9 | 52.0 | 90.3 | 4.7 | 19.2 |
Nov | 1.8 | 11.3 | 20.7 | 52.3 | 90.8 | 4.6 | 22.1 |
Dec | 1.4 | 12.4 | 22.3 | 52.2 | 90.3 | 4.5 | 25.1 |
source: Australian Government Bureau of Meteorology
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