All About Wesburn, Yarra Ranges, VIC, 3799

Wesburn, situated in the scenic Yarra Ranges of Victoria, is known for its tranquil surroundings and natural beauty, making it an attractive location for those seeking a peaceful lifestyle away from the hustle and bustle of big city life. The housing market in Wesburn consists largely of spacious family homes, often set on generous plots of land, which appeal especially to families and individuals looking for more room and a closer connection to nature. Over the years, Wesburn has experienced a steady interest in its property market, spurred by its affordability relative to Melbourne's urban areas and its charming rural atmosphere. This trend has been supported by an increasing demand for homes that offer scenic views, garden space, and proximity to parks and outdoor activities.

Living in Wesburn offers a blend of serene rural charm and modern conveniences. The area is characterized by its close-knit community vibe, where residents enjoy a slower pace of life surrounded by lush greenery and spectacular vistas of the surrounding hills and forests. Local amenities, including quaint cafes, local shops, and community facilities, cater to everyday needs, while the nearby towns provide more extensive services. Outdoor enthusiasts will find a wealth of activities, from hiking and cycling to visiting local wineries and exploring the beautiful Yarra Ranges National Park. Although it feels worlds apart, Wesburn is within a reasonable commuting distance to Melbourne, making it possible for residents to enjoy both the peacefulness of country living and the amenities and employment opportunities of the city.

Wesburn Real Estate Market Outlook

Thinking about buying in Wesburn? Now could not be a better time, with 513 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $880,000 with prices in this suburb ranging from $269,000 to $3,094,000. The aproximate distance to the coast is 48 Km.

In Wesburn 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. 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 Wesburn 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 Wesburn provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Wesburn requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. With very low industrial sector presence in Wesburn 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.

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General Points of Interest

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