Thinking about buying in Cardigan? Now could not be a better time, with a whopping 531 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $748,000 with prices in this suburb ranging from $323,000 to $1,210,000.Distance to the coast is 79 Km.
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.
|Median Weekly Rent||$350.00|
|Median Monthly Mortgage||$1733.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.48|
|Average Properties Within 50M||3.00|
|6 Bed +||$1,839,000|
|67 WINDERMERE WAY, CARDIGAN, VIC, 3352||$565,000 - $595,000|
|24 FURNESS DR, CARDIGAN, VIC, 3352||$530,000|
|28 MONUMENT BVD, CARDIGAN, VIC, 3352||4||2||5||$1,050,000 - $1,150,000|
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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