All About Diggers Rest, Melton, VIC, 3427

Diggers Rest, located in the City of Melton within Victoria, Australia, has seen a notable transformation in its housing market over recent years. Traditionally a semi-rural suburb, Diggers Rest is experiencing increased development due to its proximity to Melbourne, which is approximately 30 kilometers away. The housing market here is characterized by a mix of modern developments and established homes, catering primarily to families and young professionals seeking a more affordable alternative to the inner-city suburbs. The affordability factor, combined with the growth of infrastructure and amenities, has made Diggers Rest an attractive option for prospective buyers. As the suburb continues to grow, new housing estates are being developed, featuring modern homes with contemporary designs. This has resulted in a diverse range of housing options, from traditional family homes to more compact units, aimed at meeting the rising demand from both homebuyers and investors alike.

Living in Diggers Rest offers a quaint, community-focused lifestyle with the benefits of both suburban tranquility and accessibility to city conveniences. The suburb features several parks and recreational areas, making it ideal for families and individuals who enjoy outdoor activities. The community spirit is strong, with local events and activities frequently organized by the residents. In addition to its peaceful environment, Diggers Rest benefits from effective public transport links, including a train station on the Sunbury line, enabling an easy commute to Melbourne's city center. Essential amenities such as schools, shopping facilities, and healthcare services are either present within the suburb or readily accessible in nearby areas. This blend of rural charm and suburban practicality makes Diggers Rest an increasingly appealing place to live for those looking to escape the hustle and bustle of city life while still maintaining a connection to it.

Diggers Rest Real Estate Market Outlook

Thinking about buying in Diggers Rest? Now could not be a better time, with 4412 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $985,000 with prices in this suburb ranging from $240,000 to $42,764,000. The aproximate distance to the coast is 20 Km.

Consistent high demand relative to supply is a key feature in Diggers Rest driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Diggers Rest are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Diggers Rest 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 Diggers Rest 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.

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General Points of Interest

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