Coronet Bay, located in the picturesque Bass Coast region of Victoria, Australia, presents a dynamic housing market characterized by its coastal charm and growing appeal among homebuyers. The suburb primarily features a mix of established homes, new developments, and holiday properties, often showcasing stunning views of Western Port Bay. Over recent years, Coronet Bay has seen a steady increase in interest from both investors and residents seeking a more tranquil lifestyle, away from the hustle and bustle of Melbourne yet within a reasonable distance for commuters. The housing market here typically offers more affordability compared to nearby metropolitan areas, making it an attractive option for first-time homebuyers and retirees. The demand for properties in Coronet Bay is driven in part by its natural beauty, with proximity to beaches, nature reserves, and recreational activities adding to its lure.
Living in Coronet Bay offers a peaceful, laid-back lifestyle, underscored by a strong sense of community among its residents. The suburb is known for its friendly atmosphere, with a small but active local community that regularly engages in events and social gatherings. Residents enjoy easy access to the beach, making it an ideal location for outdoor enthusiasts and families who appreciate the coastal lifestyle. Despite its relatively quiet existence, Coronet Bay is conveniently located near larger townships like Grantville and Wonthaggi, providing access to essential services, shopping, and dining options. The area’s appeal is further enhanced by its natural surroundings, offering opportunities for fishing, boating, and exploring nearby attractions like Philip Island. Overall, Coronet Bay represents a delightful blend of coastal living and community spirit, making it a cherished place to call home.
Median Weekly Rent | $281.00 |
Median Monthly Mortgage | $1445.00 |
Median Persons Per bed houseroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 57.00 |
Average Income | $514.00 |
Average Cars Per Dwelling | 1.83 |
Average Properties Within 50M | 10 |
Typical 1 bed house | $454,000 |
Typical 2 bed house | $580,000 |
Typical 3 bed house | $661,000 |
Typical 4 bed house | $882,000 |
Typical 5 bed house | $858,000 |
Typical 6 bed+ house | $540,000 |
Housing Stock
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Thinking about buying in Coronet Bay? Now could not be a better time, with 1337 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $581,000 with prices in this suburb ranging from $124,000 to $1,480,000. Coronet Bay 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
In Coronet Bay 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. 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 Coronet Bay due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Coronet Bay changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Coronet Bay requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Coronet Bay 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 Coronet Bay a better buying opportunity than it may have been in the past.
Instant Property Valuation66 Champ Elysees Esp, Coronet Bay, VIC, 3984 | 3 | 1 | 1 | $675,000 - $695,000 | |
23 Bantering Bay Road, Coronet Bay, VIC, 3984 | 3 | 2 | 0 | $660,000 - $710,000 | |
468 Agar Road, Coronet Bay, VIC, 3984 | 4 | 2 | 2 | $1,170,000 - $1,250,000 | |
330 Agar Road, Coronet Bay, VIC, 3984 | 5 | 3 | 2 | $900,000 | |
18 Ensign Street, Coronet Bay, VIC, 3984 | 4 | 2 | 3 | $650,000 - $715,000 | |
3 Greenwich Gra, Coronet Bay, VIC, 3984 | 3 | 1 | 0 | $450,000 | |
13 Bowline Ct, Coronet Bay, VIC, 3984 | 4 | 2 | 0 | $695,000 - $740,000 | |
28 Semaphore Street, Coronet Bay, VIC, 3984 | 4 | 2 | 2 | $750,000 - $825,000 | |
24 Lorna Doone Drive, Coronet Bay, VIC, 3984 | 2 | 1 | 0 | $395,000 - $405,000 | |
3 Marline Ct, Coronet Bay, VIC, 3984 | 0 | 0 | 0 | $289,000 - $299,000 | |
69 Cutty Sark Road, Coronet Bay, VIC, 3984 | 4 | 3 | 4 | $2,400,000 - $2,600,000 | |
31 Colonnades Circuit, Coronet Bay, VIC, 3984 | 4 | 2 | 2 | $1,220,000 to $1,260,000 | |
25 Kowloon Crescent, Coronet Bay, VIC, 3984 | 4 | 2 | 2 | $2,000,000 - $2,200,000 |
None within suburb boundary
(While the above schools are located with the suburb of Coronet Bay there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.6 | 16.2 | 24.6 | 55.8 | 88.5 | 3.9 | 25.3 |
Feb | 1.6 | 16.2 | 24.5 | 54.1 | 87.9 | 3.7 | 21 |
Mar | 1.6 | 14.9 | 22.9 | 53.2 | 87.3 | 3.8 | 15.8 |
Apr | 1.7 | 13.2 | 20.3 | 57.0 | 89.6 | 3.3 | 10.9 |
May | 2.9 | 10.7 | 16.4 | 62.0 | 90.3 | 3.5 | 7.7 |
Jun | 2.2 | 8.7 | 14.1 | 67.2 | 92 | 3.5 | 6.9 |
Jul | 2.3 | 8.2 | 13.5 | 65.0 | 90.7 | 4.4 | 7.4 |
Aug | 2.6 | 8.1 | 14.1 | 61.8 | 90.5 | 4 | 10.0 |
Sept | 1.9 | 9.4 | 16.3 | 56.7 | 90.6 | 3.7 | 14.3 |
Oct | 1.6 | 11.1 | 18.8 | 57.4 | 90.7 | 3.5 | 19.0 |
Nov | 5.1 | 12.6 | 20.7 | 54.0 | 88.2 | 3.6 | 22.4 |
Dec | 1.3 | 14.6 | 24.0 | 51.8 | 87 | 3.8 | 28.3 |
source: Australian Government Bureau of Meteorology
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