All About Research, Nillumbik, VIC, 3095

Research, a peaceful suburb located in the Shire of Nillumbik, Victoria, offers a unique blend of rural charm and suburban convenience, making its housing market both intriguing and competitive. Over the past few years, Research has seen a steady increase in property demand driven by its desirable location and lifestyle appeal. Properties in Research vary from contemporary homes to charming country properties, often situated on larger blocks of land, which is a draw for those seeking more space and tranquility. The suburb's green, leafy environment and relative proximity to Melbourne make it an attractive choice for families and professionals looking to escape the hustle and bustle while still having access to urban amenities. The market here tends to reflect the broader trends of the Nillumbik region, with a focus on sustainability and community, which has seen properties retain and even increase in value over time.

Living in Research offers a harmonious balance between natural beauty and community connectivity. Residents enjoy an abundance of outdoor spaces with parks, trails, and reserves, encouraging an active lifestyle and frequent interaction with the serene natural environment. The community is known for being welcoming and tight-knit, often organized around local events and markets which celebrate the area's artisanal and agricultural heritage. Amenities in Research include excellent schools, cafes, and small local businesses that add to the suburb's charm, offering the conveniences needed for comfortable living without overwhelming commercial intrusion. With its combination of picturesque surroundings, strong community values, and proximity to essential services, Research offers a quality of life that appeals to both long-time residents and newcomers alike.

Research Real Estate Market Outlook

Thinking about buying in Research? Now could not be a better time, with 1197 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,732,000 with prices in this suburb ranging from $712,000 to $5,050,000. The aproximate distance to the coast is 22 Km.

Consistent high demand relative to supply is a key feature in Research driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Research 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 Research provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Research to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Research 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 Research 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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