Real Estate San Remo, VIC, 3925 Bass Coast

Thinking about buying in San Remo? Now could not be a better time, with a whopping 2465 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $818,000 with prices in this suburb ranging from $255,000 to $2,634,000.

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San Remo Real Estate Market Outlook

In San Remo 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. Low average incomes in San Remo is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in San Remo leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in San Remo 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 San Remo a better buying opportunity than it may have been in the past.