All About Port Campbell, Corangamite, VIC, 3269

Port Campbell, located in the Corangamite Shire of Victoria, Australia, is a small, picturesque coastal town known for its proximity to the iconic Twelve Apostles and the Great Ocean Road. The housing market in Port Campbell has traditionally been influenced by its appeal as a tourist destination and its serene natural setting. As of recent years, the demand for housing in this area has seen a steady increase. This is driven by both local residents and investors looking to capitalize on holiday rentals, given the town's popularity among tourists. The housing options primarily consist of quaint cottages and modern holiday homes, with prices reflecting the town’s status as both a weekend getaway and a potential investment opportunity. The market remains competitive, with limited availability due to the town's small size and the high demand for property in scenic coastal locations.

Living in Port Campbell offers a tranquil lifestyle, perfect for those who appreciate nature and a tight-knit community atmosphere. The town provides a charming escape from the hustle and bustle of city life, offering fresh ocean air, stunning coastal views, and plenty of outdoor activities such as hiking and beachcombing. The local community, though small, is welcoming and vibrant, often coming together for local events and festivals. The town’s economy is largely supported by tourism, so residents might find employment opportunities in hospitality and related services. While amenities and services are more limited than in larger cities, the sense of community and natural beauty more than compensate for these shortcomings, making Port Campbell an attractive place to call home for those seeking a peaceful, coastal lifestyle.

Port Campbell Real Estate Market Outlook

Thinking about buying in Port Campbell? Now could not be a better time, with 727 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $755,000 with prices in this suburb ranging from $97,000 to $4,786,000. Port Campbell is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

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. 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 Port Campbell 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 Port Campbell 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. Lower than average population density constrains growth in Port Campbell 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 Port Campbell 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

---

---

---

---

---

---

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!