Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Cairnlea are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Cairnlea 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. High density population in Cairnlea 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. Lower than average industry presence in Cairnlea we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Cairnlea a better buying opportunity than it may have been in the past.
|UNIT 106, 93 FURLONG RD, CAIRNLEA, VIC, 3023||2||1||1||$390,000 - $425,000|
|9 WARIN RD, CAIRNLEA, VIC, 3023||4||2||2||Under Offer|
Cairnlea Park Primary School(While the above schools are located with the suburb of Cairnlea there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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