Housing & Property
Like major metropolitan areas, the Grampians Pyrenees has experienced a significant rise in property prices over the past number of years. But unlike the city, housing in the region is still affordable and attractive.
Astute buyers are attracted by our range of housing, from inner-city urban living, classic heritage homes, units and executive homes to lifestyle properties on the fringe of town and peaceful farms.
Many families and retirees are selling their city properties and either buying equivalent homes in the Grampians Pyrenees region for a fraction of the price or upgrading to something bigger and better. And along the way they are gaining an attractive nest egg.
Extremely strong rental markets in the major centres are also providing plenty of potential for investors, especially given the price you have to pay to get into the Melbourne market. Rental returns are far more attractive in the Grampians Pyrenees and offer higher yields than city rental properties. And the range of housing prices makes it easy to negatively or positively gear a property. For example, in Ararat, the median house price is $253,000.
In the region’s smaller communities, housing is even more affordable, making home ownership a reality, not a pipe dream.
Across the region, new housing estates are springing up to match jobs growth. New housing approvals are rising steadily in each shire in the Grampians Pyrenees. The cost of building a house in the region is similar to that in metropolitan areas, but there the comparison ends. The following table compares the median cost of a block of land in the Grampians Pyrenees with a block in suburban Melbourne.
Once you compare the cost, take a look at the size of our blocks. You not only can build your dream home, but also your children will actually have a backyard beyond their dreams.
Now, consider the cheaper cost of living and compare your home-loan repayments. Then think about the region’s lifestyle, setting and its enormous potential for living, working and investing.
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The Grampians Pyrenees region is, you will agree, an extremely attractive package. |
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