Thinking about buying in Coimadai? Now could not be a better time, with just 186 residential dwellings it's a highly sought after location.
The average property price for this area is $1,468,000 with prices in this suburb ranging from $634,000 to $2,879,000.
Distance to the coast is 37 Km.
Median Weekly Rent | $ |
Median Monthly Mortgage | $ |
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Average Income | $ |
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Average Properties Within 50M |
Consistent high demand relative to supply is a key feature in Coimadai driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Coimadai are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Coimadai classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Coimadai requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Coimadai 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 Coimadai a better buying opportunity than it may have been in the past.
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2223 GISBORNE RD, COIMADAI, VIC, 3340 |
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$1,799,000 - $1,899,000 |
Coimadai Primary School
(While the above schools are located with the suburb of Coimadai there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 14.5 | 27.7 | 34.8 | 87.0 | 5.5 | 24.3 |
Feb | 1.3 | 14.4 | 27.0 | 37.6 | 88.5 | 5.2 | 20.4 |
Mar | 1.3 | 13.1 | 24.6 | 39.8 | 88.6 | 5.0 | 15.9 |
Apr | 1.4 | 10.4 | 20.9 | 43.7 | 90.6 | 4.9 | 11.9 |
May | 1.2 | 8.2 | 16.9 | 51.3 | 90.8 | 5.4 | 8.6 |
Jun | 1.4 | 6.2 | 14.1 | 58.9 | 93.2 | 5.2 | 7.3 |
Jul | 1.0 | 5.9 | 13.7 | 56.0 | 91.4 | 6.2 | 7.7 |
Aug | 1.2 | 6 | 14.7 | 49.2 | 90.3 | 6.1 | 10.3 |
Sept | 1.6 | 7.4 | 17.7 | 42.8 | 89.4 | 6.1 | 14.5 |
Oct | 1.6 | 8.8 | 20.7 | 39.2 | 90.1 | 5.6 | 18.6 |
Nov | 1.9 | 10.7 | 22.9 | 38 | 90.3 | 5.4 | 21.7 |
Dec | 1.7 | 12.6 | 25.5 | 35.7 | 88.6 | 5.4 | 25.3 |
source: Australian Government Bureau of Meteorology
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