All About Gowanbrae, Moreland, VIC, 3043

Gowanbrae, a suburb located in the City of Moreland, Victoria, has seen notable activity in its housing market over the recent years. This suburb, known for its relatively newer developments and planned community layout, offers a mix of contemporary townhouses and family homes. The housing market in Gowanbrae is characterized by its affordability compared to neighboring regions, making it attractive for first-time homebuyers and young families. The demand for properties in this area is notably driven by its peaceful residential vibe, coupled with its proximity to Melbourne's central business district, making it an appealing choice for those commuting to the city. Price stability and steady growth in property values also position Gowanbrae as an area of interest for property investors looking for reliable returns.

Living in Gowanbrae promises a quiet, community-centric lifestyle with numerous amenities that cater to diverse preferences. The suburb is punctuated by green spaces and walking trails, offering residents ample opportunities for outdoor recreation and leisure. Community facilities, including parks and local shopping centers, provide convenience and foster a strong neighborhood atmosphere. Gowanbrae’s connectivity is enhanced by its access to public transportation and major arterial roads, linking residents seamlessly to broader Melbourne. Schools and childcare services in the vicinity make it a practical choice for families. Overall, Gowanbrae balances the tranquility of suburban life with the convenience of urban proximity, making it an increasingly popular location for those seeking a harmonious living environment.

Gowanbrae Real Estate Market Outlook

Thinking about buying in Gowanbrae? Now could not be a better time, with 1231 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,115,000 with prices in this suburb ranging from $227,000 to $3,110,000. The aproximate distance to the coast is 11 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. High average incomes in Gowanbrae ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Gowanbrae 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 Gowanbrae 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 Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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