All About Wye River, Colac Otway, VIC, 3234
Wye River, located in the picturesque Colac Otway region of Victoria, is a hidden gem along the Great Ocean Road, offering a unique blend of coastal charm and tranquil forest surroundings. The housing market in Wye River is characterized by its limited inventory, which is a result of the area's small size and its protected natural beauty. Properties here range from cozy beachside cottages to more modern homes with stunning ocean views, making it a desirable location for homebuyers seeking an idyllic retreat or a holiday home. The demand often outpaces supply, which can drive property prices higher, but those who invest in this vibrant community find it well worth the cost.
Living in Wye River offers a serene lifestyle defined by the close-knit community and a slower pace of life. Residents enjoy easy access to beaches, lush eucalyptus forests, and a wide array of outdoor activities like surfing, fishing, and hiking. The small community fosters strong local connections, with events and gatherings that bring neighbors together. Despite its relatively remote setting, Wye River is only a short drive from larger towns such as Lorne and Apollo Bay, providing residents with convenient access to additional amenities and services. This balance of seclusion and accessibility makes Wye River an attractive place to live for those seeking to escape the hustle and bustle of city life while still enjoying the comforts it offers.
Household Makeup
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Housing Stock
Local Internet Speeds
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Wye River Real Estate Market Outlook
Thinking about buying in Wye River? Now could not be a better time, with 735 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,256,000 with prices in this suburb ranging from $241,000 to $3,290,000. Wye River 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 Wye River 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 Wye River 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 Wye River 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 Wye River 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 Wye River 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 ValuationLocal Schools
None within suburb boundary
(While the above schools are located with the suburb of Wye River there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Wye River weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.5 | 14.3 | 24.2 | 50.6 | 89.8 | 4.7 | 24.5 |
| Feb | 1.0 | 14.9 | 23.4 | 55.3 | 89.8 | 4.4 | 19.6 |
| Mar | 1.4 | 14.0 | 22.1 | 53.7 | 89.7 | 4.3 | 15.1 |
| Apr | 1.3 | 11.8 | 19.6 | 55.9 | 91.1 | 4.2 | 11.4 |
| May | 2.2 | 9.8 | 16.4 | 60.7 | 91.6 | 4.7 | 8.4 |
| Jun | 2.1 | 8.0 | 14.1 | 66.4 | 92.7 | 4.7 | 7.1 |
| Jul | 2.4 | 7.3 | 13.5 | 64.2 | 91.8 | 5.2 | 7.5 |
| Aug | 2.0 | 7.3 | 14.4 | 59.2 | 91.6 | 5.2 | 10.1 |
| Sept | 1.9 | 8.4 | 16.7 | 53.2 | 90.6 | 5.0 | 14.3 |
| Oct | 1.9 | 9.7 | 18.9 | 52.0 | 90.3 | 4.7 | 19.2 |
| Nov | 1.8 | 11.3 | 20.7 | 52.3 | 90.8 | 4.6 | 22.1 |
| Dec | 1.4 | 12.4 | 22.3 | 52.2 | 90.3 | 4.5 | 25.1 |
source: Australian Government Bureau of Meteorology
Public Transport
Birregurra - Greater then 10KM
General Points of Interest
Captain Godfrey Grave - Less than 10 KM
Koalas - Less than 10 KM
Sabine falls - Less than 10 KM
Grey River Road Manna Gum Forest and Koalas - Less than 10 KM
Nearby Suburbs
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