Consistent high demand relative to supply is a key feature in Fingal 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 Fingal 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 Fingal provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Fingal necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Fingal 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 Fingal a better buying opportunity than it may have been in the past.
|6 ARTHURS VIEW, FINGAL, VIC, 3939||0||0||0||$ 795,000 - $ 830,000|
None within suburb boundary(While the above schools are located with the suburb of Fingal 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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