Thinking about buying in Leongatha South? Now could not be a better time, with just 397 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,171,000 with prices in this suburb ranging from $574,000 to $4,381,000. Leongatha South is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Leongatha South Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Leongatha South driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Leongatha South due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Leongatha South 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 Leongatha South 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 Leongatha South 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.

Houses for sale Leongatha South

	166 HOLGATES RD, LEONGATHA SOUTH, VIC, 3953	5	3	5	$2,475,000 - $2,720,000
	345 SOUTH GIPPSLAND HWY, LEONGATHA SOUTH, VIC, 3953	3	1	2	$16,000 Per Acre
	590 KOONWARRA-INVERLOCH RD, LEONGATHA SOUTH, VIC, 3953	5	2		NEW PRICE - $1,100,000

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General Points of Interest

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