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Cooriemungle suburb profile

Cooriemungle is a picturesque rural locality in Victoria, nestled within the scenic landscapes of the Great Ocean Road region. Known for its lush greenery and tranquil environment, Cooriemungle offers a peaceful retreat from urban life. The area is characterized by its agricultural backdrop, with dairy farming being a prominent industry. Its proximity to natural attractions such as the Twelve Apostles and the Otway Ranges makes it an appealing destination for nature enthusiasts and tourists. Cooriemungle's serene setting and close-knit community provide a charming rural lifestyle for its residents.

Cooriemungle property market performance

Cooriemungle’s property market has remained static over the past 12 months, with no recorded changes in median house or unit values. The median house and unit prices have both remained at $0, indicating a lack of market activity in the area. Similarly, there have been no house or unit sales in the past year, and properties have not been listed on the market, as reflected by zero median days on market for both houses and units.

The rental market in Cooriemungle has also seen no movement, with average rents for both houses and units remaining at $0 over the last 12 months. This suggests a stagnant rental market with no recorded changes in rental prices.

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Cooriemungle demographics

Cooriemungle, a small rural locality in Victoria, offers a serene and close-knit community lifestyle. With a population of just 311, it is a place where everyone knows their neighbors, fostering a strong sense of community. The median age of 42 suggests a mature population, with many residents likely enjoying the tranquility and slower pace of rural living. The area is characterized by its natural beauty, with rolling landscapes and a peaceful environment that appeals to families and retirees alike.

Family life is central to Cooriemungle, with couple families with children making up 41.3% of the population, and those without children accounting for 51.1%. This indicates a balanced mix of young families and older couples who have chosen to settle in this picturesque part of Victoria. The presence of one-parent families is minimal, at just 7.6%, reflecting the suburb's family-oriented nature.

Property ownership in Cooriemungle is predominantly stable, with 40.4% of homes owned outright and 38.4% owned with a mortgage. This suggests a community of long-term residents who have invested in their homes and the area. Renting is less common, with only 21.2% of properties being rented, which is typical for rural areas where homeownership is more prevalent. The median total household income of $1662 per week indicates a modest but comfortable living standard, suitable for those who appreciate the simplicity and charm of rural life.

Suburbs near Cooriemungle

Some popular suburbs near Cooriemungle include:

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