All About Rowville, Knox, VIC, 3178

Rowville, located within the City of Knox in Victoria, has established itself as a desirable suburban enclave known for its blend of residential comfort and natural beauty. The housing market in Rowville is characterized by a mix of modern homes, established properties, and some upscale residences, reflecting the suburb's appeal to families and professionals seeking a balance between urban accessibility and suburban tranquility. Over recent years, the suburb has experienced steady growth in property values, buoyed by its strong local amenities, reputable schools, and convenient transport links to Melbourne’s CBD. This growth mirrors a larger trend in Melbourne’s outer suburbs where demand for spacious homes and greener environments has intensified, pushing prices upward despite broader economic variances.

Living in Rowville offers residents a well-rounded lifestyle, often highlighted by its abundance of parks and recreational facilities like the sprawling Dandenong Valley Parklands. Local shopping centers such as Stud Park Shopping Centre serve the community's retail needs, while numerous cafes and eateries provide a wide range of dining options. The suburb is well-regarded for its sense of community, supported by active local clubs and sporting organizations, fostering a friendly atmosphere for families, retirees, and young professionals alike. With its excellent schools, including Rowville Secondary College, and a variety of childcare options, the area is particularly attractive to families prioritizing education. The combination of green spaces, local conveniences, and community spirit makes Rowville a sought-after location for a balanced lifestyle near Melbourne.

Rowville Real Estate Market Outlook

Thinking about buying in Rowville? Now could not be a better time, with 14196 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,315,000 with prices in this suburb ranging from $330,000 to $4,661,000. The aproximate distance to the coast is 13 Km.

Consistent high demand relative to supply is a key feature in Rowville driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Rowville 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 Rowville 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. High density population in Rowville 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 Rowville 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 Rowville 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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