All About Bend Of Islands, Nillumbik, VIC, 3097

Bend of Islands, located in the Nillumbik Shire of Victoria, offers a unique and serene living environment that stands in stark contrast to conventional suburban areas. This picturesque community is renowned for its commitment to sustainable living, with strict environmental policies that limit development and preserve the area's natural beauty. The housing market here reflects this ethos, consisting predominantly of eco-friendly homes that blend seamlessly with the surrounding bushland. Properties tend to be spacious, providing ample privacy and a close connection to nature. Although the supply of homes is limited due to strict planning regulations, demand remains robust among those seeking a tranquil lifestyle away from the hustle and bustle of the city.

Living in Bend of Islands means embracing a lifestyle that prioritizes nature and community. Residents enjoy a peaceful existence surrounded by native flora and fauna, with kangaroos and echidnas often seen wandering freely. The community is tight-knit, with a shared commitment to environmental conservation and sustainable living practices. There are no shops or commercial outlets within Bend of Islands, which means that trips to nearby suburbs are necessary for shopping and entertainment. However, the lack of urban conveniences is often seen as a benefit, promoting a slower, more intentional way of life. This setting offers an ideal living experience for those seeking solace in nature and a community-oriented lifestyle, away from the fast pace of city life.

Bend Of Islands Real Estate Market Outlook

Thinking about buying in Bend Of Islands? Now could not be a better time, with just 161 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,269,000 with prices in this suburb ranging from $468,000 to $1,923,000. The aproximate distance to the coast is 30 Km.

Consistent high demand relative to supply is a key feature in Bend Of Islands driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Bend Of Islands 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 Bend Of Islands provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Bend Of Islands 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 Bend Of Islands 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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Public Transport

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General Points of Interest

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Nearby Suburbs

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