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Clunes

POSTAL CODE: VIC, 3370
HOUSE

Property investments in CLUNES did not fare well against the rest of the country last year, registering a median home price decrease of -5.43%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CLUNES, 3370 saw average growth in the long term.

Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 115.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $470,000.

CLUNES ranks 599th on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

Surburb overview

Clunes is a historic township in central Victoria, located within the Hepburn Shire. The town lies approximately 35 kilometres north of Ballarat and about 140 kilometres north-west of Melbourne by road and rail.

It is positioned along the Midland Highway and serviced by the Ballarat rail line, supporting connectivity to Ballarat, Maryborough and Melbourne.

At the 2021 Census, Clunes recorded a population of around 1,700 residents, reflecting modest growth in line with other regional Victorian towns.

The demographic profile includes families, retirees, and professionals, with a median age above the state average and a relatively high homeownership rate.

Housing comprises heritage cottages and Victorian-era buildings, along with more recent detached dwellings on the town’s outskirts.

Clunes is recognised as one of Victoria’s earliest gold mining centres, with commercial gold production commencing in the 1850s.

The town retains a well-preserved 19th-century streetscape, and several buildings are heritage listed.

Clunes has also developed a cultural identity as a regional “Booktown”, hosting an annual book festival that attracts visitors from across Victoria.

Local amenities include a primary school, medical clinic, general stores, cafes and community facilities.

Secondary education, major supermarkets and hospital services are generally accessed in Ballarat or Maryborough.

Ballarat provides public and private schooling options and health services, including Ballarat Base Hospital.

Clunes railway station offers regular V/Line train services to Ballarat and Melbourne’s Southern Cross Station. Local bus services connect the township to surrounding communities.

Recreational opportunities include walking tracks, sporting clubs and community events that contribute to the town’s social and cultural life.

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