Thinking about buying in Cardigan Village? Now could not be a better time, with just 227 residential dwellings it's a highly sought after location.
The average property price for this area is $708,000 with prices in this suburb ranging from $382,000 to $1,210,000.Distance to the coast is 85 Km.
Consistent high demand relative to supply is a key feature in Cardigan Village driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Cardigan Village 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 Village 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 Village 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 Village 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 Village a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$328.50|
|Median Monthly Mortgage||$1884.50|
|Median Persons Per Bedroom||0.85|
|Average Household Size||3.50|
|Average Cars Per Dwelling||3.20|
|Average Properties Within 50M||5.00|
|7 DIAMOND DR, CARDIGAN VILLAGE, VIC, 3352||5||3||4||$1,225,000 - $1,295,000|
|8 LEONIE CT, CARDIGAN VILLAGE, VIC, 3352||4||2||8||$940,000 - $970,000|
None within suburb boundary(While the above schools are located with the suburb of Cardigan Village 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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