In Greta 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 Greta 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 Greta 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 Greta necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Greta 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.
|GRETA DOWNS, 328 DUNDAS LANE, GRETA, VIC, 3675||4||1||Price by Negotiation $850,000 - $900,000|
Greta Public School(While the above schools are located with the suburb of Greta 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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