All About Boneo, Mornington Peninsula, VIC, 3939

Boneo, located on the picturesque Mornington Peninsula in Victoria, is a charming rural locality known for its serene landscape and close-knit community. The housing market in Boneo has experienced steady growth over recent years, driven by its appeal as a peaceful residential area with easy access to both beaches and bushland. Properties here range from spacious rural homes and farmsteads to modern residences, offering a mix of styles for potential buyers. The area is particularly attractive to families and retirees seeking a quiet lifestyle away from the hustle and bustle of urban centers. The demand for homes has been consistent, yet the market remains relatively more affordable compared to more densely populated areas of the Peninsula, making it an attractive option for those looking to invest in property.

Living in Boneo brings a unique blend of tranquility and community spirit. Despite its rural feel, residents enjoy the convenience of being a short drive away from the lively townships of Rye and Rosebud, where they can access shopping, dining, and various amenities. The area is rich in outdoor activities, with plenty of hiking trails, equestrian centers, and golf courses. Boneo Primary School serves the local community, ensuring quality education for young families. Life here is characterized by a slower pace, where neighbors know each other by name, and the stunning natural surroundings encourage a healthy, active lifestyle. Whether it's weekends spent exploring nearby beaches or enjoying local farmer's markets, Boneo offers a serene and fulfilling living experience.

Boneo Real Estate Market Outlook

Thinking about buying in Boneo? Now could not be a better time, with just 266 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,616,000 with prices in this suburb ranging from $871,000 to $6,134,000. Boneo is located fairly close to the coast at just 1Km 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. High average incomes in Boneo 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 Boneo 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 Boneo 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 Boneo 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 Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!