All About Laceby, Wangaratta, VIC, 3678

Laceby, a charming locality near Wangaratta in Victoria, offers a serene and picturesque environment that appeals to those looking for a peaceful rural setting. The housing market in Laceby is characterized by its affordability compared to larger urban centers, making it an attractive option for families, retirees, and individuals seeking a quieter lifestyle. Properties in Laceby primarily consist of spacious homes, often with generous land parcels, providing ample space for gardening, outdoor activities, and a sense of privacy. The community here is tightly-knit, contributing to a welcoming atmosphere where neighbors know each other, and local events are a staple of life.

Living in Laceby means enjoying the best of both worlds: the tranquility of the countryside with easy access to the amenities of nearby Wangaratta. Residents benefit from the area's natural beauty, with opportunities for hiking, cycling, and exploring local vineyards and farms. Despite its rural charm, Laceby is well-connected, thanks to its proximity to Wangaratta, which offers shopping centers, schools, healthcare facilities, and cultural attractions. This balance of rural and town life makes Laceby an ideal place for those wanting a slower pace without sacrificing access to essential services and community activities.

Laceby Real Estate Market Outlook

Thinking about buying in Laceby? Now could not be a better time, with just 149 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,035,000 with prices in this suburb ranging from $828,000 to $1,306,000. The aproximate distance to the coast is 185 Km.

In Laceby there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Laceby due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Laceby 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 Laceby 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 Laceby 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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