Real Estate Buninyong, VIC, 3357 Ballarat

Thinking about buying in Buninyong? Now could not be a better time, with a whopping 1958 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $796,000 with prices in this suburb ranging from $59,000 to $3,281,000.

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Buninyong Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Buninyong 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 Buninyong provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Buninyong necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Buninyong 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.