All About Nunawading, Whitehorse, VIC, 3131

Nunawading, located in the City of Whitehorse, Victoria, is a suburban area that has garnered attention in the housing market due to its convenient location and evolving community infrastructure. Traditionally known for its light industrial and commercial precincts, Nunawading has seen a shift in recent years, with more residential developments cropping up to meet the demand for suburban housing close to Melbourne's central business district. The housing market in Nunawading is marked by a mix of older homes, many of which have been renovated, and modern townhouses and units that cater to a diverse range of buyers, from first-time homeowners to investors. With relatively more affordable prices compared to neighboring suburbs like Box Hill or Blackburn, Nunawading offers a compelling option for those seeking value without sacrificing proximity to city amenities.

Living in Nunawading provides residents with a balanced lifestyle that combines suburban tranquility with urban convenience. The area is well-served by public transportation, including the Nunawading railway station and a network of bus routes, which make commuting to Melbourne city a breeze. Additionally, the suburb boasts several parks and green spaces, such as the popular Blackburn Lake Sanctuary, which offers an oasis for nature enthusiasts and families alike. Nunawading also has a strong sense of community, with local markets, cafes, and a mix of cultural activities contributing to its vibrant character. Furthermore, the recent revitalization of the Nunawading Homemaker Centre has expanded retail options, providing residents with diverse shopping and dining experiences. Altogether, Nunawading is a suburb that combines the best of suburban living with the benefits of an accessible urban environment.

Nunawading Real Estate Market Outlook

Thinking about buying in Nunawading? Now could not be a better time, with 7189 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,373,000 with prices in this suburb ranging from $271,000 to $6,894,000. The aproximate distance to the coast is 17 Km.

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