Part of Yarra Ranges, VIC
| Median Weekly Rent | $ |
| Median Monthly Mortgage | $ |
| Median Persons Per Bedroom | |
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| Average Income | $ |
| Average Cars Per Dwelling | |
| Average Properties Within 50M |
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Thinking about buying in Reefton? Now could not be a better time, with just 93 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $486,000 with prices in this suburb ranging from $156,000 to $1,082,000. The approximate distance to the coast is 66 Km.
In Reefton 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. Low average incomes in Reefton is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Reefton leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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 Reefton 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 ValuationReefton, nestled in the scenic Yarra Ranges of Victoria, offers a unique living experience that reflects a blend of natural beauty and rural charm. The housing market in Reefton is characterized by its limited but distinctive offerings. Properties here predominantly include spacious homes and sprawling acreage, often surrounded by lush forests and undulating hills. This area appeals to those seeking tranquility away from the bustling city life, making it an attractive option for retirees, nature enthusiasts, and anyone looking for a peaceful retreat. While the housing market may not be as dynamic or fast-paced as in urban centers, it offers a more stable and traditional market environment, with homes that often retain their value due to the desirability of the location.
Living in Reefton provides a close-knit community feel, where residents often enjoy a slower-paced lifestyle enriched by the beauty of the natural surroundings. The area offers numerous outdoor activities, such as hiking through the extensive trails of the Yarra Ranges National Park or enjoying leisurely walks by the nearby rivers. Despite its rural setting, Reefton is not isolated; it is within reasonable driving distance to essential amenities and the larger towns in the Yarra Ranges, allowing residents to balance seclusion with accessibility. Community events and local gatherings also play a significant part in life here, fostering a warm and welcoming atmosphere that makes Reefton a delightful place to call home.
| Settlement Date | Sale Price | Property Address | Details |
|---|---|---|---|
| 2021-08-27 | $5,986,822 | 2852 Goldfields Way | Reefton, VIC |
| 2020-11-05 | $200,000 | 2448 Goldfields Way | Reefton, VIC |
| 2014-08-13 | $839,199 | 234 Nixons Road | Reefton, VIC |
| 2013-04-29 | $978,525 | 90 Speirs Lane | Reefton, VIC |
| 2011-07-08 | $25,000 | 2462 Goldfields Way | Reefton, VIC |
| 2009-06-11 | $37,000 | 2462 Goldfields Way | Reefton, VIC |
| 2006-06-01 | $27,000 | 2462 Goldfields Way | Reefton, VIC |
| 2006-04-03 | $667,080 | 289 Nixons Road | Reefton, VIC |
No local schools recorded within the suburb boundary.
Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.3 | 17.3 | 34.5 | 21.1 | 72.7 | 4.5 | 27.2 |
| Feb | 2.0 | 16.9 | 31.8 | 28.6 | 77.1 | 4.4 | 23.7 |
| Mar | 2.3 | 13.7 | 28.1 | 32.7 | 83.2 | 4.1 | 19.2 |
| Apr | 1.2 | 8.8 | 23.3 | 39.8 | 90.7 | 3.1 | 15 |
| May | 1 | 4.6 | 18.2 | 48.0 | 95.3 | 2.9 | 12.2 |
| Jun | 1.4 | 2.5 | 14.5 | 60.7 | 97.7 | 2.8 | 9.3 |
| Jul | 1.2 | 1.6 | 13.7 | 59.3 | 97.9 | 2.9 | 9.7 |
| Aug | 1.2 | 1.3 | 15 | 52.8 | 98.2 | 3.2 | 12.3 |
| Sept | 1.5 | 3.6 | 19.5 | 42.7 | 94.9 | 3.6 | 17.2 |
| Oct | 1.4 | 7.6 | 24.3 | 33.1 | 88.3 | 3.7 | 21.7 |
| Nov | 1.6 | 11.5 | 28.1 | 27.2 | 85 | 4.1 | 25 |
| Dec | 1.3 | 14.4 | 31.5 | 22.0 | 76.4 | 4.4 | 28.0 |
source: Australian Government Bureau of Meteorology
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