All About Knoxfield, Knox, VIC, 3180

Knoxfield, a suburb located within the City of Knox in Victoria, offers a dynamic housing market characterized by modest family homes, townhouses, and increasingly popular unit developments. Over recent years, the demand for real estate in Knoxfield has been buoyant due to its attractive blend of suburban tranquility and proximity to key urban centers. Buyers are particularly drawn to its relatively affordable property prices compared to other parts of Melbourne, making it an appealing choice for families and first-home buyers. The area has seen steady development, including improvements in infrastructure and amenities, contributing to its growing desirability. The housing market here reflects a balanced mix of long-term residents and newcomers drawn by the potential for property value appreciation.

Living in Knoxfield offers residents a harmonious blend of suburban appeal with a hint of countryside allure, evident in its leafy streets, ample green spaces, and a strong sense of community. Knoxfield has several parks, including the popular Lakewood Nature Reserve, which provides picturesque walking trails and playgrounds that are perfect for family outings and outdoor enthusiasts. Local amenities like schools, shopping centers, and public transport facilities add to the convenience of life here, ensuring that everyday needs are easily met. Furthermore, the suburb's strategic location offers easy access to the Eastern Freeway, allowing for straightforward commutes to Melbourne’s CBD. The friendly atmosphere, coupled with the suburb’s ongoing development and access to essential services, makes Knoxfield a desirable place to settle down, perfect for those looking for a balanced lifestyle.

Knoxfield Real Estate Market Outlook

Thinking about buying in Knoxfield? Now could not be a better time, with 4464 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,198,000 with prices in this suburb ranging from $502,000 to $4,902,000. The aproximate distance to the coast is 17 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 Knoxfield 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 Knoxfield provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Knoxfield 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. Lower than average industry presence in Knoxfield 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 Knoxfield 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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Nearby Suburbs

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