All About Kooyong, Stonnington, VIC, 3144

Kooyong, located in the City of Stonnington, Victoria, is an affluent suburb known for its leafy streets, spacious homes, and a strong sense of community. The housing market in Kooyong is characterized by a mix of historic charm and modern elegance. Many of the properties feature beautiful period architecture, ranging from Edwardian and Victorian homes to Art Deco buildings, often with well-maintained gardens. In recent years, there has been an increase in contemporary townhouse developments and luxury apartments that appeal to buyers looking for modern amenities paired with the suburb’s rich history. The demand for property in Kooyong remains high, driven by its reputation as a prestigious area and its proximity to Melbourne’s CBD, making it highly competitive and maintaining relatively high property values.

Living in Kooyong offers a quiet, family-friendly atmosphere with excellent access to amenities. The suburb is well-serviced by public transport, with its own train station providing easy connections to the city. Kooyong is also home to the iconic Kooyong Lawn Tennis Club, which adds a unique sporting charm to the area. The surrounding parks and gardens provide ample green space for outdoor activities, while high-quality schools and healthcare facilities contribute to the suburb’s appeal for families. Additionally, the nearby shopping and dining options in neighboring suburbs like Malvern and Toorak offer residents a wide range of choices without having to travel far. Overall, Kooyong blends suburban tranquility with convenient urban access, making it an attractive place to call home.

Kooyong Real Estate Market Outlook

Thinking about buying in Kooyong? Now could not be a better time, with 515 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $3,273,000 with prices in this suburb ranging from $137,000 to $14,281,000. Kooyong 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.

Consistent high demand relative to supply is a key feature in Kooyong driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Kooyong 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 Kooyong 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. Medium density in Kooyong necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!