Cororooke, a small rural locality in the Colac Otway region of Victoria, presents a unique and tranquil housing market characterized by its affordability and quiet charm. Buyers and renters can expect to find mainly detached houses and cottages, with properties often set on larger plots of land compared to urban areas, offering ample outdoor space. As of recent years, the market in Cororooke has been relatively stable, with modest price increases reflecting gradual growth and interest in the area. This makes it an attractive option for families, retirees, or anyone seeking a slower-paced lifestyle away from city hustle and bustle. The scenic surroundings, combined with a sense of community, contribute to Cororooke's appeal for those enjoying country living.
Living in Cororooke offers a peaceful, country lifestyle with a strong sense of community. The area is known for its beautiful natural landscapes, including lush farmlands and nearby Lake Corangamite, providing a picturesque setting for residents. The community is tight-knit and friendly, with local events and activities often centered around the agricultural calendar and rural traditions. While amenities in Cororooke itself are minimal, the larger town of Colac is just a short drive away, offering access to schools, shops, healthcare, and leisure facilities. This harmonious blend of rural seclusion and nearby urban convenience makes Cororooke an appealing place for those who appreciate a simpler way of living without being too far removed from essential services.
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Thinking about buying in Cororooke? Now could not be a better time, with just 205 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $685,000 with prices in this suburb ranging from $329,000 to $1,263,000. The aproximate distance to the coast is 43 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 Cororooke 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 Cororooke 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Cororooke 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 Valuation548 Corangamite Lake Road, Cororooke, VIC, 3254 | 0 | 0 | 0 | 198000 |
St Brendan's School
(While the above schools are located with the suburb of Cororooke 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 | 1.2 | 12.9 | 26.5 | 36.8 | 95.4 | 6.4 | 24.9 |
Feb | 0.9 | 13.3 | 25.5 | 42.3 | 95.6 | 6.5 | 20.8 |
Mar | 1.1 | 12.2 | 23.2 | 44.6 | 94.3 | 6.3 | 16.1 |
Apr | 1.4 | 10.0 | 19.0 | 53.1 | 95.9 | 6.2 | 11.7 |
May | 1.6 | 7.9 | 15.0 | 66.9 | 96.5 | 6.6 | 8.7 |
Jun | 1.7 | 6 | 12.2 | 76.5 | 97.3 | 6.2 | 7.2 |
Jul | 1.9 | 5.5 | 11.8 | 76.4 | 97.8 | 7.6 | 7.3 |
Aug | 1.9 | 5.3 | 12.4 | 69.3 | 97.2 | 7.7 | 10.2 |
Sept | 2.0 | 6.7 | 14.9 | 63.3 | 97.2 | 7.3 | 14.3 |
Oct | 1.8 | 7.9 | 17.7 | 57.9 | 96.1 | 7.1 | 19.3 |
Nov | 1.6 | 9.3 | 20.6 | 50.7 | 97.7 | 6.6 | 22.0 |
Dec | 1.2 | 11.0 | 23.9 | 41.7 | 96.4 | 6.6 | 25.6 |
source: Australian Government Bureau of Meteorology
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