All About Derrinallum, Corangamite, VIC, 3325
Derrinallum, situated in the Corangamite Shire in Victoria, offers a quaint and serene living experience, particularly appealing to those seeking a slower pace of life away from the hustle and bustle of urban centers. The housing market in Derrinallum reflects its rural setting, with properties typically more affordable compared to major cities, making it an attractive option for first-time homebuyers or retirees. The town features a range of housing options, from charming older residences reflecting the area's history to more modern builds catering to growing families. Despite being a small town, Derrinallum's real estate opportunities are bolstered by its picturesque surroundings and the sense of community that is prevalent among its residents.
Living in Derrinallum offers a robust sense of community and an opportunity to engage in a lifestyle that is closely connected to nature. The town's location near the scenic Mount Elephant provides residents with ample opportunities for outdoor activities such as hiking and bird watching, contributing to a lifestyle that balances leisure with the tranquility of rural living. The town itself is serviced by essential amenities, including a general store, primary school, and local healthcare services, making it self-sufficient yet inherently connected to the broader Corangamite region. Residents often participate in community events and local clubs, fostering a strong communal spirit and a welcoming environment for newcomers. Overall, Derrinallum is ideal for those looking to enjoy a peaceful and community-oriented way of life.
Household Makeup
| Median Weekly Rent | $185.00 |
| Median Monthly Mortgage | $823.00 |
| Median Persons Per bed houseroom | 0.60 |
| Average Household Size | 2.00 |
| Average Age | 60.00 |
| Average Income | $456.00 |
| Average Cars Per Dwelling | 1.51 |
| Average Properties Within 50M | 4 |
| Typical 1 bed house | $309,000 |
| Typical 2 bed house | $278,000 |
| Typical 3 bed house | $402,000 |
| Typical 4 bed house | $557,000 |
| Typical 5 bed house | $558,000 |
| Typical 6 bed+ house | $329,000 |
Housing Stock
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Derrinallum Real Estate Market Outlook
Thinking about buying in Derrinallum? Now could not be a better time, with just 357 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $476,000 with prices in this suburb ranging from $39,000 to $22,278,000. The aproximate distance to the coast is 60 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 Derrinallum 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 Derrinallum 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 Derrinallum 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 ValuationHouses for sale Derrinallum
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60 Main Street, Derrinallum, VIC, 3325 |  3 |
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Local Schools
Derrinallum P-12 College
(While the above schools are located with the suburb of Derrinallum there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Derrinallum weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 0.9 | 10.8 | 29.0 | 28.2 | 91.9 | 4.6 | 26.2 |
| Feb | 0.8 | 11.5 | 27.8 | 34.6 | 93.8 | 4.4 | 22.3 |
| Mar | 0.8 | 9.9 | 24.2 | 40.3 | 93.8 | 4.2 | 16.6 |
| Apr | 1.1 | 7.8 | 20.3 | 46.7 | 95.2 | 3.8 | 12.2 |
| May | 1.5 | 6.1 | 15.8 | 60.6 | 95.9 | 4.0 | 8.9 |
| Jun | 1.5 | 4.4 | 12.9 | 70.5 | 97.4 | 3.8 | 7.4 |
| Jul | 1.6 | 4.4 | 12.3 | 70.8 | 97.3 | 4.5 | 7.6 |
| Aug | 1.7 | 3.9 | 13.0 | 66.5 | 98 | 4.2 | 10.3 |
| Sept | 1.5 | 5.0 | 16.0 | 59.8 | 98.2 | 4.3 | 14.7 |
| Oct | 1.5 | 5.9 | 19.3 | 51.6 | 97.8 | 3.9 | 19.4 |
| Nov | 1.0 | 7.2 | 22.0 | 43.5 | 96.8 | 4.0 | 22.5 |
| Dec | 1.2 | 9.3 | 25.9 | 33.8 | 94.3 | 4.3 | 26.1 |
source: Australian Government Bureau of Meteorology
Public Transport
Camperdown - Greater then 10KM
Nearby Suburbs
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