Real Estate Ferndale, VIC, 3821 Baw Baw

Thinking about buying in Ferndale? Now could not be a better time, with just 51 residential dwellings it's a highly sought after location.

The average property price for this area is $1,237,000 with prices in this suburb ranging from $595,000 to $1,610,000.

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Ferndale Real Estate Market Outlook

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 Ferndale 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 Ferndale 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. Medium density in Ferndale necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.