All About Aberfeldie, Moonee Valley, VIC, 3040

Aberfeldie, located in the Moonee Valley region of Victoria, is a highly sought-after suburb with a distinctive character that blends modern convenience with a touch of tranquility. The housing market in Aberfeldie has seen increasing interest over the years, largely due to its appealing location along the picturesque Maribyrnong River, which offers stunning views and a variety of recreational activities. Homes in Aberfeldie are a mix of period-style houses and contemporary developments, catering to both families and professionals seeking a comfortable suburban lifestyle while remaining close to Melbourne's central business district. Property prices have historically been on the higher side, reflecting the area's desirability, with recent trends showing strong demand continuing within this competitive market, often leading to spirited auctions and substantial investments in home improvements.

Living in Aberfeldie provides residents with a serene yet vibrant community atmosphere. The suburb is known for its lush parks and open spaces, such as Aberfeldie Park and the Maribyrnong River Trail, which are popular for walking, cycling, and family picnics. This makes it an ideal location for those who appreciate outdoor activities and a healthy lifestyle. The community is close-knit, benefiting from quality local amenities such as schools, shops, and sports facilities, ensuring that day-to-day needs are easily met. Additionally, Aberfeldie's proximity to major transport links allows for convenient commutes to Melbourne, making it a perfect balance between suburban peace and urban accessibility. The suburb exudes a welcoming vibe that is attractive to both long-term residents and newcomers, contributing to its reputation as one of the desirable places to live in the Moonee Valley area.

Aberfeldie Real Estate Market Outlook

Thinking about buying in Aberfeldie? Now could not be a better time, with 1936 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,170,000 with prices in this suburb ranging from $368,000 to $10,313,000. Aberfeldie is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Aberfeldie 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. The high percentage of professional people in Aberfeldie classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Aberfeldie requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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