Dunolly, situated in the Central Goldfields region of Victoria, offers a unique and tranquil living experience characterized by its historic charm and a tight-knit community. The housing market in Dunolly is generally more affordable compared to larger cities, making it an attractive option for first-time homebuyers and retirees seeking a slower pace of life. Many of the homes available in the area reflect the town's rich history, with charming Victorian and Federation-style houses found on tree-lined streets. The market sees a moderate but steady demand, with prices showing stable trends, appealing particularly to those interested in heritage properties or wanting to invest in a peaceful rural setting.
Living in Dunolly brings a sense of history and community, where residents cherish the slower pace and scenic landscape. The town is known for its friendly atmosphere, where neighbors often know each other by name, contributing to a community-centric lifestyle. Local amenities include a selection of shops, cafes, and essential services, along with community events that foster strong local bonds. The surrounding natural beauty, including proximity to parks and nature reserves, provides plenty of opportunities for outdoor activities. With its blend of affordability, history, and community spirit, Dunolly offers a refreshing alternative to the hustle and bustle of city living.
Median Weekly Rent | $180.00 |
Median Monthly Mortgage | $710.00 |
Median Persons Per bed houseroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 59.00 |
Average Income | $462.00 |
Average Cars Per Dwelling | 1.72 |
Average Properties Within 50M | 5 |
Typical 1 bed house | $274,000 |
Typical 2 bed house | $305,000 |
Typical 3 bed house | $389,000 |
Typical 4 bed house | $246,000 |
Typical 5 bed house | $309,000 |
Typical 6 bed+ house | $191,000 |
Housing Stock
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Thinking about buying in Dunolly? Now could not be a better time, with 932 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $261,000 with prices in this suburb ranging from $31,000 to $649,000. The aproximate distance to the coast is 140 Km.
Consistent high demand relative to supply is a key feature in Dunolly driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Dunolly 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 Dunolly 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. Lower than average population density constrains growth in Dunolly to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Dunolly 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 Valuation71 Broadway, Dunolly, VIC, 3472 | 3 | 1 | 2 | $700,000 - $770,000 |
Dunolly Primary School
(While the above schools are located with the suburb of Dunolly 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 | |
---|---|---|---|---|---|---|---|
Sept | 1.7 | 4.9 | 17.6 | 44.7 | 93.5 | 3.5 | 15.7 |
Oct | 1.3 | 7.5 | 22.0 | 35.4 | 88.4 | 3.9 | 21.1 |
Nov | 1.5 | 10.4 | 25.5 | 30.0 | 85.5 | 4.1 | 24.6 |
Dec | 0.7 | 12.6 | 29.0 | 23.1 | 78.0 | 4.4 | 28.3 |
Jan | 0.7 | 14.8 | 32.2 | 20.9 | 75.6 | 4.4 | 27.3 |
Feb | 1.0 | 14.8 | 30.1 | 27.0 | 79.4 | 4.2 | 23.0 |
Mar | 1.5 | 12.4 | 26.3 | 33.4 | 83.7 | 3.7 | 18.2 |
Apr | 1.5 | 8.8 | 21.8 | 40.1 | 88.3 | 3.2 | 13.4 |
May | 1.6 | 5.7 | 16.9 | 53.1 | 94.8 | 2.8 | 9.7 |
Jun | 1.7 | 3.7 | 13.6 | 62.0 | 96.8 | 2.6 | 8.0 |
Jul | 1.8 | 3.0 | 12.9 | 62.2 | 97.0 | 3.0 | 7.8 |
Aug | 1.5 | 3.3 | 14.3 | 53.4 | 96.0 | 3.2 | 11.1 |
source: Australian Government Bureau of Meteorology
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