Port Fairy, nestled in the Moyne Shire of Victoria, Australia, is renowned for its picturesque coastal charm and historic appeal. Over recent years, the housing market in Port Fairy has garnered increased interest, driven by both its regional allure and the broader trend of people seeking lifestyle-driven locations. With its blend of heritage buildings and modern developments, the town offers a range of housing options, from quaint cottages to contemporary seaside homes. The demand for properties in this area has been relatively robust, influenced by its appeal as a holiday destination and a desirable place for retirement. Consequently, property prices have seen a steady increase, reflecting the desirability of its serene environment and the limited supply inherent in a town that values its natural and historical assets.
Living in Port Fairy is akin to enjoying a perpetual retreat, with its idyllic beaches, vibrant arts scene, and a strong sense of community. The town is celebrated for its cultural festivities, such as the annual Port Fairy Folk Festival, which draws music lovers from far and wide. Residents enjoy a relaxed lifestyle, enriched by the town's culinary offerings, including fresh seafood and locally-sourced produce. Port Fairy combines the tranquility of a small town with the conveniences of modern living, offering amenities such as boutique shops, cafes, and sporting facilities. With its scenic coastal walks and abundant wildlife, those living in Port Fairy experience a quality of life that melds nature with culture, making it a treasured locale for both long-term residents and visitors alike.
Median Weekly Rent | $327.86 |
Median Monthly Mortgage | $1768.86 |
Median Persons Per bed houseroom | 0.70 |
Average Household Size | 2.14 |
Average Age | 52.29 |
Average Income | $752.00 |
Average Cars Per Dwelling | 1.75 |
Average Properties Within 50M | 16 |
Typical 1 bed house | $707,000 |
Typical 2 bed house | $822,000 |
Typical 3 bed house | $1,089,000 |
Typical 4 bed house | $1,275,000 |
Typical 5 bed house | $1,872,000 |
Typical 6 bed+ house | $1,903,000 |
Housing Stock
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Thinking about buying in Port Fairy? Now could not be a better time, with 4109 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,308,000 with prices in this suburb ranging from $240,000 to $7,100,000. Port Fairy 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
Consistent high demand relative to supply is a key feature in Port Fairy driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Fairy 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 Port Fairy 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 Port Fairy 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 Fairy 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 ValuationSt Patrick's School
Port Fairy Consolidated School
(While the above schools are located with the suburb of Port Fairy there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.2 | 14.2 | 23.2 | 54.4 | 87.0 | 5.2 | 24.9 |
Feb | 1.2 | 14.7 | 22.3 | 61.5 | 90.8 | 5.0 | 20.8 |
Mar | 1.3 | 13.3 | 21.6 | 59.0 | 91.0 | 4.6 | 16.0 |
Apr | 1.8 | 11.2 | 19.4 | 58.0 | 91.5 | 4.5 | 11.4 |
May | 2.6 | 9.3 | 16.8 | 61.6 | 92.3 | 4.3 | 8.4 |
Jun | 2.3 | 7.1 | 14.6 | 66.1 | 94.6 | 3.9 | 7.2 |
Jul | 2.9 | 6.9 | 14.1 | 67.2 | 94.8 | 4.3 | 7.3 |
Aug | 2.5 | 7.3 | 14.9 | 62.6 | 94.0 | 5.2 | 10.2 |
Sept | 2.2 | 8.5 | 17 | 57.1 | 91.8 | 5.2 | 14.8 |
Oct | 1.7 | 9.9 | 18.7 | 59.1 | 91.4 | 5.2 | 19.3 |
Nov | 1.3 | 11.2 | 19.9 | 57.9 | 91.0 | 5.3 | 22.3 |
Dec | 1.6 | 12.9 | 22.1 | 56.4 | 90.1 | 5.3 | 26.2 |
source: Australian Government Bureau of Meteorology
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