All About Broomfield, Hepburn, VIC, 3364

Broomfield, a picturesque area in Hepburn, Victoria, offers a unique blend of rural charm and small-town warmth, making it an appealing destination for those looking to escape the hustle and bustle of city life. The housing market in Broomfield reflects its tranquil setting, with properties that range from quaint cottages to expansive rural homes. While the prices have steadily increased, driven by a growing interest in regional living and the area's natural beauty, Broomfield remains relatively affordable compared to larger urban centers. The demand in the area has been fueled by both retirees and young families seeking a quieter lifestyle, coupled with the accessibility to necessary amenities and community services.

Living in Broomfield means enjoying the serene landscapes and a strong sense of community. The countryside setting provides ample opportunities for outdoor activities, such as hiking, cycling, and exploring the nearby natural attractions like the Hepburn Springs. Despite its rural feel, Broomfield is not isolated; the community is active, holding regular events and markets that bring residents together, fostering a friendly and close-knit atmosphere. Moreover, Broomfield's proximity to towns like Daylesford provides easy access to a variety of cafes, shops, and cultural venues, allowing residents to enjoy the best of both worlds – the peace of rural living with the conveniences of town amenities.

Broomfield Real Estate Market Outlook

Thinking about buying in Broomfield? Now could not be a better time, with just 118 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $889,000 with prices in this suburb ranging from $252,000 to $1,903,000. The aproximate distance to the coast is 85 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. 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 Broomfield 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 Broomfield provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Broomfield necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Broomfield 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

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Public Transport

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General Points of Interest

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