All About Knowsley, Greater Bendigo, VIC, 3523

Knowsley, situated near Greater Bendigo in Victoria, offers a unique blend of rural charm and accessibility to urban amenities. The housing market in Knowsley reflects its small, tight-knit community vibes, with properties typically consisting of larger lots and homes that provide plenty of space for families. Buyers often find that the cost of living is relatively affordable compared to Bendigo proper or Melbourne, making it an attractive option for those seeking more room to breathe without sacrificing too much in terms of proximity to city conveniences. Recent trends indicate a steady demand in the area, partially propelled by people seeking quieter, country living in the wake of urban exodus stemming from the pandemic era.

Living in Knowsley affords residents the tranquility of rural life with the added benefit of being just a short drive from Bendigo. The community is known for its amicable atmosphere and laid-back lifestyle, with ample opportunities for outdoor activities like hiking, horseback riding, and exploring the local flora and fauna. While the area might lack some of the extensive facilities found in larger towns, the basic necessities are within reach, and Bendigo's comprehensive amenities are close enough for a day trip or commute. Residents enjoy a lifestyle that prioritizes nature and simplicity, fostering a strong sense of community and connection to the land. With its picturesque landscapes and slower pace of life, Knowsley is ideal for those looking to escape the hustle and bustle of city living while maintaining access to essential services.

Knowsley Real Estate Market Outlook

Thinking about buying in Knowsley? Now could not be a better time, with just 124 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $860,000 with prices in this suburb ranging from $232,000 to $2,533,000. The aproximate distance to the coast is 106 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Knowsley due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Knowsley changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Knowsley to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Knowsley 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.

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General Points of Interest

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