All About Lurg, Benalla, VIC, 3673

Lurg, a small rural community located near Benalla in Victoria, offers a unique blend of serene country living with accessible conveniences. The housing market in Lurg is characterized by its charming heritage homes and expansive rural properties, often attracting buyers looking for affordability and spaciousness compared to urban centers. Properties here often come with generous land parcels, providing opportunities for gardening, livestock, or simply enjoying the open space. As of recent reports, the market sees steady interest, particularly from families and retirees drawn to its tranquil environment and the allure of a close-knit community. Lurg’s real estate remains relatively affordable, making it an attractive option for those seeking a quieter lifestyle without sacrificing proximity to essential amenities in nearby Benalla.

Living in Lurg is defined by its quiet, peaceful setting, surrounded by the natural beauty of Victoria’s countryside. Residents often enjoy a slower pace of life, with myriad outdoor activities such as hiking, bird watching, and exploring the picturesque landscapes. Community life is tight-knit, with local events and gatherings fostering a strong sense of belonging among residents. Despite its rural ambiance, Lurg benefits from the amenities of Benalla, just a short drive away, offering access to shopping centers, schools, healthcare, and cultural facilities. This blend of rural tranquility with urban convenience makes Lurg an appealing choice for those looking to escape the hustle and bustle of city life while maintaining a comfortable lifestyle.

Lurg Real Estate Market Outlook

Thinking about buying in Lurg? Now could not be a better time, with just 109 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $924,000 with prices in this suburb ranging from $806,000 to $1,371,000. The aproximate distance to the coast is 167 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 Lurg 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 Lurg 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 Lurg 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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Public Transport

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General Points of Interest

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