Buying and renting - residential

Moorabool Shire is a semi-rural municipality that combines provincial living with easy access to the city, is a popular tourist destination and centre of a large agricultural industry. It has strong population growth of approximately 2% per year in its largest township of Bacchus Marsh.

Moorabool’s communities are culturally and socially diverse and boast 64 localities, hamlets and towns. All localities cherish their individual heritage and identity.

When it comes to real estate, Moorabool offers new residents real advantages.

The cost of housing and land is almost half the Melbourne average, and there is plenty available. Recently, more than 800 hectares of land with rolling hills and excellent rural views have been identified as suitable for residential development.

The semi-rural environment only a short drive from Melbourne in the East contrasts with true rural living options deeper into the countryside in other directions. 

Moorabool Shire Council Housing Table 

Moorabool Shire renting statistics

Median weekly rental cost
House 3 bedroom $250.00
Unit 2 bedroom $170.00

Moorabool Shire buying statistics

Median housing costs
House $240,000
Unit $200,000

Indiciative Melbourne metro buying statistics as of June 2008

Median housing costs
Brunswick - House $563,750
Brunswick - Unit $380,000
Thornbury - House $615,500
Thornbury - Unit $302,000
Ascot Vale - House $619,000
Ascot Vale - Unit $342,000

Source www.reiv.com.au