All About Chum Creek, Yarra Ranges, VIC, 3777

Chum Creek, located in the Yarra Ranges of Victoria, offers a unique blend of rural charm and natural beauty, making it an attractive option for potential homeowners. The housing market in this area is characterized by a mix of cozy cottages, spacious family homes, and larger rural properties. Due to its proximity to Melbourne, approximately 70 kilometers away, Chum Creek has become a desirable location for those seeking a peaceful lifestyle away from the bustling city yet within a commutable distance. Property prices in the area reflect its appeal, often being more affordable compared to urban centers, making it an enticing option for first-time buyers, families, and retirees alike. As demand increases, the market remains competitive with properties that are well-maintained and offer picturesque surroundings often selling quickly.

Living in Chum Creek provides residents with a serene lifestyle immersed in nature. The community is small and tight-knit, fostering a welcoming and friendly atmosphere where neighbors often know each other by name. The area is surrounded by lush landscapes, including the adjacent Yarra Ranges National Park, offering abundant opportunities for outdoor activities like hiking, biking, and picnicking. Local amenities cater to daily needs, though more extensive shopping, dining, and entertainment options can be found in nearby towns such as Healesville. Schools in the area are well regarded, and the community often hosts events that bring residents together, reinforcing the strong sense of camaraderie. Overall, living in Chum Creek provides a perfect blend of tranquility, community spirit, and access to nature, appealing to those who appreciate a slower pace of life in a beautiful setting.

Chum Creek Real Estate Market Outlook

Thinking about buying in Chum Creek? Now could not be a better time, with 509 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $32,813,436,000 with prices in this suburb ranging from $208,000 to $784,331,117,000. The aproximate distance to the coast is 51 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. Incomes in Chum Creek are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Chum Creek 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 Chum Creek 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 Chum Creek 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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