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Grey River
VIC, 3234 - Colac Otway

Thinking about buying in Grey River? Now could not be a better time, with just 14 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,283,000 with prices in this suburb ranging from $1,215,000 to $1,814,000. Grey River is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $300.00
Median Monthly Mortgage $1733.00
Median Persons Per Bedroom 0.70
Average Household Size 2.00
Average Age 53.00
Average Income $900.00
Average Cars Per Dwelling 1.71
Average Properties Within 50M 5

Housing Stock

Average Property Prices

2 Bed  $1,218,000
3 Bed  $1,391,000
4 Bed  $1,814,000

Grey River Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Grey River 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 Grey River 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 Grey River 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. Lower than average population density constrains growth in Grey River 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 Grey River 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.


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Grey River there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Grey River weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.514.324.250.689.84.724.5
Feb1.014.923.455.389.84.419.6
Mar1.414.022.153.789.74.315.1
Apr1.311.819.655.991.14.211.4
May2.29.816.460.791.64.78.4
Jun2.18.014.166.492.74.77.1
Jul2.47.313.564.291.85.27.5
Aug2.07.314.459.291.65.210.1
Sept1.98.416.753.290.65.014.3
Oct1.99.718.952.090.34.719.2
Nov1.811.320.752.390.84.622.1
Dec1.412.422.352.290.34.525.1

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

SugarloafWongarraKennett RiverWye RiverMount SabinePetticoat CreekSkenes Creek NorthSeparation CreekTanybrynSkenes Creek

Public Transport


General Points of Interest

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