Thinking about buying in Tuerong? Now could not be a better time, with just 221 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,917,000 with prices in this suburb ranging from $1,245,000 to $6,366,000. Tuerong is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Tuerong Real Estate Market Outlook

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. High average incomes in Tuerong ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Tuerong 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 Tuerong 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 Tuerong 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.

Properties for sale Tuerong

	150 coolart rd, tuerong, vic, 3915	5	3	12	$2,000,000 - $2,200,000
	136 coolart rd, tuerong, vic, 3915	8	5	2	Expressions of Interest - $4,200,000 - $4,600,000

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General Points of Interest

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