All About Kilmore, Mitchell, VIC, 3764

Kilmore, located in the Mitchell Shire of Victoria, is a town that has been experiencing a notable shift in its housing market dynamics. Traditionally seen as a semi-rural area, Kilmore has increasingly attracted buyers seeking a quieter lifestyle while still enjoying reasonable proximity to Melbourne, about an hour’s drive away. Over recent years, the town has witnessed gradual growth in property developments, offering a mix of older, established homes and new residential projects. This has led to a diverse housing market catering to a variety of preferences and budgets. The demand in the Kilmore housing market is partly driven by its appeal to families and retirees looking for affordable real estate options compared to the escalating prices in Melbourne’s inner suburbs. The trend of remote working has further boosted interest in Kilmore, as people seek more space and the community-oriented lifestyle that the town offers, all contributing to a steady rise in property valuations.

Living in Kilmore provides residents with a blend of rural charm and essential urban amenities, making it an attractive locale for many. The town boasts a strong historical heritage, with landmarks such as the Kilmore Gaol and Kilmore Courthouse reflecting its rich past. For daily essentials and leisure, residents have access to local shops, cafes, and community centers, fostering a friendly and close-knit atmosphere. Kilmore is also home to several educational institutions, including reputable primary and secondary schools, which are a significant draw for families. The natural beauty surrounding Kilmore, with parks and open green spaces, offers ample opportunities for outdoor activities and a peaceful lifestyle. Overall, the balance of community spirit, affordability, and accessibility contributes to Kilmore’s reputation as a desirable place to live, appealing to those wanting to escape the hustle of metropolitan life while still enjoying connectivity and conveniences.

Kilmore Real Estate Market Outlook

Thinking about buying in Kilmore? Now could not be a better time, with 5866 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $749,000 with prices in this suburb ranging from $79,000 to $4,928,000. The aproximate distance to the coast is 52 Km.

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. Incomes in Kilmore are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Kilmore 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 Kilmore necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Kilmore the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Instant Property Valuation

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Public Transport

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General Points of Interest

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