All About Notting Hill, Monash, VIC, 3168

Notting Hill, located in the City of Monash in Victoria, Australia, presents an intriguing housing market characterized by a blend of affordability and accessibility. Traditionally perceived as a quieter, more suburban area compared to its bustling neighbors, Notting Hill has recently garnered increased interest from both investors and homebuyers seeking a balance between city life and suburban tranquility. The housing market here offers a range of options, from older, established homes to newer developments, reflecting its ongoing transition. Its proximity to educational institutions like Monash University adds a unique dynamic to the area, attracting students and professionals, which in turn influences demand for rental properties. Additionally, its access to major roads and public transportation options makes commuting to Melbourne's more urban areas relatively convenient.

Living in Notting Hill offers residents a laid-back lifestyle that combines suburban calmness with urban conveniences. The area is dotted with parks and green spaces, which provide ample opportunities for outdoor activities and community events, fostering a strong sense of community among its residents. Essential amenities such as shopping centers, cafes, and restaurants are easily accessible, catering to the daily needs of inhabitants and adding to the area’s appeal as a family-friendly locale. The presence of a diverse population contributes to a cosmopolitan atmosphere, making it an inviting place for people from various backgrounds. Overall, Notting Hill offers a comfortable, community-oriented living experience with the added benefit of being closely linked to educational and employment hubs, making it a desirable location for a wide range of individuals looking to settle in Victoria.

Notting Hill Real Estate Market Outlook

Thinking about buying in Notting Hill? Now could not be a better time, with 2484 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $926,000 with prices in this suburb ranging from $259,000 to $5,091,000. The aproximate distance to the coast is 11 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 Notting Hill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Notting Hill 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 Notting Hill 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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