Consistent high demand relative to supply is a key feature in Cardigan driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Cardigan are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Cardigan provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Cardigan to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Cardigan 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 Cardigan a better buying opportunity than it may have been in the past.
|25 TREETOP DR, CARDIGAN, VIC, 3352||4||2||2||$1,230,000 - $1,300,000|
|61 WINDERMERE WAY, CARDIGAN, VIC, 3352||4||2||2||$830,000 - $850,000|
|20 SKYE CT, CARDIGAN, VIC, 3352||6||3||5||$1,800,000|
|1 VANTAGE CT, CARDIGAN, VIC, 3352||5||3||8||$1,990,000 - $2,189,000|
None within suburb boundary(While the above schools are located with the suburb of Cardigan 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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