All About Hadfield, Moreland, VIC, 3046

Hadfield, located in the City of Moreland, Victoria, is a suburban area experiencing a steady transformation in its housing market. Known for its relatively affordable real estate compared to Melbourne's inner suburbs, Hadfield has attracted a mix of first-time homebuyers, investors, and families looking for larger properties without giving up proximity to the city. The housing stock primarily consists of older-style brick homes, post-war weatherboard houses, and an increasing number of new townhouses and modern apartments, reflecting the suburb’s gradual gentrification. As the community evolves, there has also been a notable increase in property prices, supported by infrastructure developments and a growing interest in the suburb as a potential growth area. This shift is partly influenced by Hadfield's accessibility, with public transportation options and major roadways connecting it to Melbourne’s central business district and surrounding areas.

Living in Hadfield offers a blend of suburban comfort and convenient urban access, making it appealing to a diverse demographic. The area is characterized by its friendly, community-oriented atmosphere, with local parks such as West Street Reserve and Martin Reserve providing green spaces for recreation and leisure. While predominantly residential, Hadfield is well-served by essential amenities including schools, shops, and healthcare services, contributing to its appeal for families and retirees alike. The food scene is multicultural, with a variety of cafes and restaurants that reflect the suburb's diverse population. While it maintains a quieter, more laid-back vibe compared to more bustling Melbourne neighborhoods, Hadfield’s proximity to larger commercial hubs offers residents the benefits of easy access to a wider array of services and entertainment options. Overall, Hadfield offers a balance of affordability, lifestyle, and convenience, making it a desirable location for those looking to enjoy suburban living while staying connected to the vibrancy of city life.

Hadfield Real Estate Market Outlook

Thinking about buying in Hadfield? Now could not be a better time, with 3590 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,053,000 with prices in this suburb ranging from $353,000 to $111,816,000. 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 Hadfield 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 Hadfield 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. With very low industrial sector presence in Hadfield the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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