All About Kangaroo Ground, Nillumbik, VIC, 3097

Kangaroo Ground, located in the Shire of Nillumbik, Victoria, offers a unique blend of rural charm and suburban convenience, attracting homebuyers seeking tranquility without straying too far from Melbourne’s bustling heart. The housing market in this area is characterized by spacious properties, including charming farmhouses and modern homes with generous plots of land, reflecting its semi-rural nature. Over recent years, the demand for properties here has been influenced by the desire for larger living spaces and a more relaxed lifestyle, with many families and retirees choosing Kangaroo Ground for its scenic beauty and community-focused atmosphere. Despite a national trend of fluctuating housing prices, the market in Kangaroo Ground has shown resilience, largely due to its distinct appeal and limited housing stock, which often intensifies interest among buyers looking for a peaceful lifestyle close to the city.

Living in Kangaroo Ground is marked by a strong sense of community and a deep connection with the natural environment. Residents enjoy an array of outdoor activities, thanks to the area’s lush landscapes and proximity to recreational areas like the Kangaroo Ground War Memorial Park and various nature reserves. The suburb offers a relaxed pace of life, with local amenities that cater to everyday needs and a strong community spirit fostered through local events and gatherings. Despite its rural ambiance, Kangaroo Ground is conveniently located near larger suburbs like Eltham, providing easy access to shopping, dining, and educational facilities. This balance of rural serenity and accessibility makes Kangaroo Ground a desirable place to live for those looking to escape the city rush without sacrificing convenience.

Kangaroo Ground Real Estate Market Outlook

Thinking about buying in Kangaroo Ground? Now could not be a better time, with 520 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,607,000 with prices in this suburb ranging from $870,000 to $6,192,000. The aproximate distance to the coast is 25 Km.

Consistent high demand relative to supply is a key feature in Kangaroo Ground driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Kangaroo Ground 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 Kangaroo Ground provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Kangaroo Ground to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Kangaroo Ground 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 Kangaroo Ground a better buying opportunity than it may have been in the past.

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