All About Lance Creek, Bass Coast, VIC, 3995

Lance Creek, a rural locality in the Bass Coast Shire of Victoria, offers a unique housing market characterized by its blend of countryside charm and accessibility to nearby urban centers. The housing market in Lance Creek is relatively affordable compared to the bustling regions closer to Melbourne, making it an attractive option for those seeking tranquility without sacrificing convenience. Properties in this area typically consist of expansive land parcels and rustic homes, offering potential homeowners ample space for agriculture or simply enjoying the serene, natural landscape. The market sees moderate activity, driven largely by those seeking a rural lifestyle or a recreational retreat, with property values reflecting the locality's scenic appeal and development potential.

Living in Lance Creek provides residents with a distinct rural lifestyle underscored by a strong sense of community and an appreciation for the natural surroundings. The area is renowned for its lush greenery and rolling hills, offering a peaceful environment away from the noise and congestion of urban life. Despite its rural setting, Lance Creek is conveniently located within a short drive to Wonthaggi and other neighboring towns, providing access to essential amenities, shopping centers, and healthcare facilities. Residents enjoy a slower pace of life enriched by outdoor activities such as hiking, cycling, and bird-watching, making it an ideal location for nature enthusiasts and those looking to escape the hustle and bustle of city living.

Lance Creek Real Estate Market Outlook

Thinking about buying in Lance Creek? Now could not be a better time, with just 61 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,595,000 with prices in this suburb ranging from $865,000 to $5,328,000. Lance Creek is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

In Lance Creek 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 Lance Creek 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 Lance Creek 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. High density population in Lance Creek requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Lance Creek we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lance Creek a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!