Mount Beauty’s mid-year property market snapshot
One of the most common questions we’re asked is how the local property market will perform over the coming months.
Heading into 2023, Mount Beauty and its surrounds experienced strong demand for both sales and rental properties.
In fact, according to Open Agent, median property prices in the Alpine Shire almost doubled in the five years to Dec 2022.
Yet, if you are considering selling, it’s worth noting we’re still experiencing a high volume of inquiries from people hoping to relocate to the area, as well as from renters looking to purchase their own home.
As a gateway to the ski fields, there are plenty of eyes on Mount Beauty during the winter months!
Plus, national forecasts generally suggest a strengthening in house prices approaching 2024.
Alpine was one of ten council areas in the state that posted double-digit rent rises in 2022, and rents are still an average of 10.5% higher than last May.
Like much of Australia, limited supply is a key driving force, and we suggest this will continue to encourage robust rental returns over the medium term.
Whether you’re in the market for a quality rental or want to purchase a home or investment property in this beautiful region