All About Corndale, Glenelg, VIC, 3311

Corndale Real Estate Market Outlook

Thinking about buying in Corndale? Now could not be a better time, with just 25 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $470,000 with prices in this suburb ranging from $470,000 to $470,000. The aproximate distance to the coast is 52 Km.

In Corndale there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Corndale is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Corndale 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 Corndale necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Corndale we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Corndale a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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