All About Hazelwood South, Latrobe (Vic.) , VIC 3840

Hazelwood South Real Estate Market Outlook

Thinking about buying in Hazelwood South? Now could not be a better time, with just 166 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $835,000 with prices in this suburb ranging from $238,000 to $1,794,000. The aproximate distance to the coast is 36 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. Incomes in Hazelwood South are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Hazelwood South provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Hazelwood South necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Hazelwood South 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

Hazelwood South, located in the Latrobe Valley region of Victoria, is a quaint and serene suburb that offers a contrasting blend of rural charm and accessibility to urban amenities. The housing market here is typically characterized by more affordable options compared to major metropolitan areas, making it an appealing choice for first-time homebuyers and families seeking spacious properties without the hefty price tag. Many homes in Hazelwood South boast generous plots of land, surrounded by the lush greenery of the Victorian countryside. This offers residents ample space for outdoor activities, gardening, and enjoying a tranquil lifestyle away from the hustle and bustle of larger cities.

Living in Hazelwood South provides a laid-back and welcoming community atmosphere, with residents often engaging in local events and activities that foster a tight-knit spirit. Despite its rural feel, the suburb is conveniently located near larger towns such as Morwell and Churchill, providing easy access to essential services, shopping, and dining options. Outdoor enthusiasts can take advantage of the picturesque landscapes and explore nearby parks and reserves. The local lifestyle is well-suited for those who appreciate nature, a slower pace of life, and the benefits of community living, while still retaining easy connections to educational and employment opportunities in the surrounding areas.

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