Town by town snapshot: Jan Juc

December 24, 2020 BY

This 4 bedroom Jan Juc home sold this month for $960,000

The size of Jan Juc is about 6.2 square kilometres and has four parks covering nearly 2.1 per cent of total area.

The population of Jan Juc in 2011 was 3,521 people and by the 2016 Census the population was 3,686 showing a population growth of 4.7 per cent in the area during that time.

During the mid-1960s, the coastal township of Jan Juc began to be developed as its rugged coastline and great surf and fishing spots attracted more people to the area.

By 1992 there were nearly 1,200 dwellings and an estimated population of 1,791 people with about one-third of these dwellings being holiday homes.

Effectively treeless prior to development, Jan Juc has certainly transformed itself from an area that was once dominated by holiday shacks and student accommodation dotted along unsealed roads with dodgy creek crossings.

Once considered Torquay’s poorer sister, Jan Juc now dominates the Torquay property market with the median house price consistently above that of Torquay’s – currently, Jan Juc’s median house price exceeds Torquay’s by $85,000.

The main reason Juc has become so popular with home owners and investors is that it is just not Torquay.

Relatively protected from development and population growth, Jan Juc is somewhat isolated from the pressures that Torquay faces in regard to traffic, development and commercial activity. For some Jan Juc residents, the thought of moving back across the bridge horrifies them.

The predominant age group in Jan Juc is 40-49 years with households in Jan Juc being primarily couples with children and are likely to be repaying $1,800-$2,399 per month on mortgage repayments, and in general, people in Jan Juc work in a professional occupation.

In 2011, 73.1 per cent of the homes in Jan Juc were owner-occupied compared with 74.2 per cent in 2016.

AGENT PERSPECTIVE:

“It’s not simply Melbourne buyers who are driving the market, it’s often local and regional buyers who are competing for Jan Juc properties. Numerous properties through 2020 sold for significantly more than expected.” -Shaun O’Callaghan, One Agency Surf Coast
TIDBIT:
The Jan Juc Surf Life Saving Club’s first Annual General Meeting was held on August 24, 1963 with the first official patrol roster organised on May 1, 1964.

TOWN PROFILE

Population: 3,686

Male: 49.8%

Female: 50.2%

Median age: 37

5 year population change: 4.7%

Median house price: $925,000

Change in Median Price: (5yrs) is 36%

Median asking rent per week: $487

Average length of ownership: 14 years

Owner occupiers: 77%

Renters: 23%

Historic median house price:

September 2020: $925,000

September 2019: $867,750

September 2018: $900,000

September 2017: $800,000

September 2016: $680,000

House sales per annum:

Period ending September 2020: 46

Period ending September 2019: 58

Land median sale price:

September 2020: N/A

September 2019: N/A

Land sales per annum:

Period ending September 2020: 2

Period ending September 2019: 2

 

 

 

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