Thinking about buying in Cape Schanck? Now could not be a better time, with 648 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,360,000 with prices in this suburb ranging from $544,000 to $14,494,000. Cape Schanck is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Cape Schanck Real Estate Market Outlook

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 Cape Schanck 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 Cape Schanck 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 Cape Schanck 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 Cape Schanck 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.

Houses for sale Cape Schanck

	26 bernards way, cape schanck, vic, 3939	5	2	6	$1,950,000 - $2,145,000
	13 casuarina dr, cape schanck, vic, 3939	0	0	0	1135000
	30 bass vista bvd, cape schanck, vic, 3939	4	2	4	$1,690,000 - $1,790,000

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General Points of Interest

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