Thinking about buying in Swan Island? Now could not be a better time, with just 7 residential dwellings it's a highly sought after location.
The average property price for this area is $1,170,000 with prices in this suburb ranging from $871,000 to $1,916,000.
Swan Island is located near the coast as well as views of the ocean, demand is likely to be high
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Consistent high demand relative to supply is a key feature in Swan Island driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Swan Island are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Swan Island provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 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. With very low industrial sector presence in Swan Island 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.
Queenscliff Primary School
St Aloysius' School(While the above schools are located with the suburb of Swan Island 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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