All About Pennyroyal, Surf Coast, VIC, 3235
Pennyroyal, nestled within the lush landscapes of the Surf Coast in Victoria, is a unique blend of rural charm and coastal proximity that makes its housing market particularly interesting. The real estate scene in Pennyroyal offers a mix of properties, from quaint cottages and expansive homesteads to potential lifestyle blocks for those looking to embrace a more serene way of living. In recent years, the area has seen a gentle rise in property demand as more individuals and families seek refuge from the hustle and bustle of urban centers like Melbourne. The allure of Pennyroyal lies in its tranquility, natural beauty, and the promise of a tight-knit community, where neighbors often know one another by name. This has resulted in a steadily appreciating housing market, though it remains relatively affordable compared to more urbanized areas along the coast.
Living in Pennyroyal provides a rare opportunity to enjoy the best of both worlds: the peace of country life with easy access to the scenic Surf Coast. Residents are greeted each morning by the verdant views of rolling hills and can spend their free time exploring the nearby Great Otway National Park, engaging in outdoor activities, or simply savoring the slower pace of life. Despite its rural setting, Pennyroyal is conveniently located near amenities in surrounding towns, ensuring that life's essentials are never too far away. The community vibe is strong here, with local events bringing together families and friends, fostering a welcoming and inclusive atmosphere. Whether you're raising a family, retiring, or just seeking a quieter existence, Pennyroyal offers a lifestyle that is both enriching and refreshing, making it a delightful place to call home.
Household Makeup
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Housing Stock
Local Internet Speeds
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Pennyroyal Real Estate Market Outlook
Thinking about buying in Pennyroyal? Now could not be a better time, with just 101 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,330,000 with prices in this suburb ranging from $543,000 to $5,091,000. Pennyroyal is located fairly close to the coast at just 7Km 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 Pennyroyal 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. Incomes in Pennyroyal 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 Pennyroyal provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Pennyroyal to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Pennyroyal 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 ValuationLocal Schools
None within suburb boundary
(While the above schools are located with the suburb of Pennyroyal there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Pennyroyal weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.5 | 14.3 | 24.2 | 50.6 | 89.8 | 4.7 | 24.5 |
| Feb | 1.0 | 14.9 | 23.4 | 55.3 | 89.8 | 4.4 | 19.6 |
| Mar | 1.4 | 14.0 | 22.1 | 53.7 | 89.7 | 4.3 | 15.1 |
| Apr | 1.3 | 11.8 | 19.6 | 55.9 | 91.1 | 4.2 | 11.4 |
| May | 2.2 | 9.8 | 16.4 | 60.7 | 91.6 | 4.7 | 8.4 |
| Jun | 2.1 | 8.0 | 14.1 | 66.4 | 92.7 | 4.7 | 7.1 |
| Jul | 2.4 | 7.3 | 13.5 | 64.2 | 91.8 | 5.2 | 7.5 |
| Aug | 2.0 | 7.3 | 14.4 | 59.2 | 91.6 | 5.2 | 10.1 |
| Sept | 1.9 | 8.4 | 16.7 | 53.2 | 90.6 | 5.0 | 14.3 |
| Oct | 1.9 | 9.7 | 18.9 | 52.0 | 90.3 | 4.7 | 19.2 |
| Nov | 1.8 | 11.3 | 20.7 | 52.3 | 90.8 | 4.6 | 22.1 |
| Dec | 1.4 | 12.4 | 22.3 | 52.2 | 90.3 | 4.5 | 25.1 |
source: Australian Government Bureau of Meteorology
Public Transport
Birregurra - Greater then 10KM
General Points of Interest
Erskine Falls - Less than 10 KM
Straw Falls - Less than 10 KM
Pennyroyal Falls - Less than 5 KM
Terrace Falls - Less than 5 KM
Wymbooliel Falls - Less than 5 KM
Grand Theatre Stage - Less than 10 KM
Nearby Suburbs
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