Blackheath VIC 3401: Property Market Report & Real Estate Insights

Part of Horsham, VIC

Blackheath Real Estate Market Outlook

Thinking about buying in Blackheath? Now could not be a better time, with just 10 residential dwellings it's a highly sought after location. The approximate distance to the coast is 198 Km.

Living in Blackheath

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Blackheath 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. The slightly lower than average earnings from occupations in Blackheath 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. 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 Blackheath 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 Valuation

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Nearby Suburbs

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