In Coronet Bay there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Coronet Bay due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Coronet Bay 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. High density population in Coronet Bay requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Coronet Bay 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 Coronet Bay a better buying opportunity than it may have been in the past.
|509 CORINELLA RD, CORONET BAY, VIC, 3984||2||1||$525,000|
|15 MARLINE CT, CORONET BAY, VIC, 3984||3||2||2||$640,000-$685,000|
None within suburb boundary(While the above schools are located with the suburb of Coronet Bay 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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