All About Goorambat, Benalla, VIC, 3725

Goorambat, a quaint rural town located in the Benalla region of Victoria, offers a serene and close-knit community living environment. The housing market in Goorambat is characterized by its affordability compared to urban centers, making it an attractive option for those looking to escape the hustle and bustle of city life. Most properties in Goorambat consist of charming country homes and spacious lots, providing plenty of room for gardens and outdoor activities. The market remains stable, with modest appreciation over the years, drawing interest primarily from families, retirees, and individuals seeking a peaceful lifestyle amidst natural beauty.

Living in Goorambat is akin to stepping back into a simpler time, with its friendly locals and a strong sense of community spirit. The town is surrounded by picturesque landscapes, including farmlands and bushland, providing a perfect backdrop for outdoor enthusiasts who enjoy hiking, bird-watching, and exploring the countryside. Despite its rural setting, Goorambat is just a short drive from the larger town of Benalla, where residents can access necessary amenities like shopping centers, healthcare facilities, and educational institutions. Additionally, Goorambat is renowned for its vibrant arts scene, highlighted by the striking silo art that attracts visitors from near and far. This blend of tranquility and culture makes Goorambat an appealing choice for those looking to experience an authentic rural Australian lifestyle.

Goorambat Real Estate Market Outlook

Thinking about buying in Goorambat? Now could not be a better time, with just 171 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $532,000 with prices in this suburb ranging from $155,000 to $1,026,000. The aproximate distance to the coast is 172 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Goorambat 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 Goorambat 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 Goorambat 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.

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