All About Lysterfield, Yarra Ranges, VIC, 3156

Lysterfield, located in the outer eastern suburbs of Melbourne within the Yarra Ranges, has become an attractive area for homebuyers due to its blend of suburban tranquility and access to urban amenities. The housing market in Lysterfield is characterized by its array of spacious family homes, often featuring contemporary designs and generous block sizes, which appeal to families looking for room to grow. Over recent years, Lysterfield has experienced moderate growth in property values, driven by a desire among buyers for larger properties and greener, more serene living environments compared to the inner city. While not as competitive as some inner-city markets, Lysterfield's housing market remains robust, appealing particularly to those prioritizing lifestyle and space over proximity to Melbourne's CBD.

Living in Lysterfield offers residents a peaceful lifestyle, with an abundance of natural beauty right at their doorstep, including the nearby Lysterfield Park. Known for its outdoor recreational opportunities such as mountain biking, hiking, and picnicking, the area attracts those who enjoy an active lifestyle as well as families seeking a community-oriented environment. The suburb provides a harmonious balance between nature and accessibility, with essential amenities such as schools, shops, and medical facilities conveniently located within or near the suburb. Residents enjoy a strong sense of community, bolstered by local events and a friendly neighborhood atmosphere. Despite being a suburban area, Lysterfield offers excellent connectivity to Melbourne, making it a practical yet serene place to call home.

Lysterfield Real Estate Market Outlook

Thinking about buying in Lysterfield? Now could not be a better time, with 2546 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,778,000 with prices in this suburb ranging from $784,000 to $13,489,000. The aproximate distance to the coast is 17 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Lysterfield ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Lysterfield provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Lysterfield necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Lysterfield we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lysterfield a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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