All About Fawkner, Moreland, VIC, 3060

Fawkner, situated within the City of Moreland in Victoria, presents a housing market characterized by a blend of affordability and increasing appeal, particularly among young families and first-time homebuyers. Over the past few years, the suburb has witnessed a noticeable rise in property values, propelled by its relatively reasonable prices compared to inner-city Melbourne areas and its accessibility to the Central Business District via public transport links like the Gowrie and Fawkner train stations. Properties in Fawkner primarily consist of detached houses, many of which are set on generous plots of land, making it an attractive option for those seeking space and the potential for development. This trend is complemented by the local government’s investment in infrastructure improvements and community facilities, further enhancing the suburb's desirability and shaping it as an emerging real estate hotspot in metropolitan Melbourne.

Living in Fawkner offers a balanced lifestyle with its community-oriented environment and a rich array of amenities. The suburb is marked by a diverse population, contributing to a welcoming and multicultural atmosphere. Residents enjoy access to a variety of parks and recreational spaces, such as the popular Merri Creek Trail and Charles Mutton Reserve, which provide ample opportunities for outdoor activities and family gatherings. The suburb’s local shopping centers, cafes, and schools add to its convenience, catering well to everyday living needs. Additionally, Fawkner boasts a quiet and safe residential atmosphere that is appreciated by its inhabitants, fostering a sense of community and belonging. While it maintains a suburban charm away from the hustle and bustle, its proximity to Melbourne's city center ensures that residents can easily benefit from urban advantages without the associated expense and congestion.

Fawkner Real Estate Market Outlook

Thinking about buying in Fawkner? Now could not be a better time, with 6780 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $957,000 with prices in this suburb ranging from $144,000 to $2,987,000. The aproximate distance to the coast is 10 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 Fawkner 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 Fawkner provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Fawkner 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 Fawkner 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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