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Cherokee
VIC, 3434 - Macedon Ranges

Thinking about buying in Cherokee? Now could not be a better time, with just 37 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,886,000 with prices in this suburb ranging from $1,021,000 to $3,467,000. The aproximate distance to the coast is 48 Km.

Household Makeup

Median Weekly Rent $
Median Monthly Mortgage $
Median Persons Per Bedroom
Average Household Size
Average Age
Average Income $
Average Cars Per Dwelling
Average Properties Within 50M

Housing Stock

Average Property Prices

Cherokee Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Cherokee driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Cherokee 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 Cherokee 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 Cherokee to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Cherokee 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.


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Cherokee there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Cherokee weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.612.626.337.492.86.625.2
Feb1.512.925.441.993.86.320.9
Mar1.811.521.949.094.46.116.5
Apr1.79.417.657.094.25.912.1
May2.06.812.968.996.26.48.8
Jun2.55.010.178.998.46.47.3
Jul2.24.29.480.298.77.07.4
Aug2.24.210.571.098.16.810.2
Sept2.45.913.661.595.56.814.8
Oct2.07.316.956.695.36.719.1
Nov2.49.220.449.296.16.222.6
Dec1.611.023.841.194.76.326.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

KerrieMount MacedonHesketRiddells CreekNew GisborneMacedonRomseyRochfordNewhamWoodend

Public Transport


General Points of Interest

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