All About Highett, Bayside (Vic.), VIC, 3190

Highett, located in the Bayside area of Victoria, is increasingly becoming a sought-after suburb in the Melbourne metropolitan area. The housing market in Highett has seen substantial growth over recent years, attributed to its appealing lifestyle, convenient location, and access to amenities. This suburb is characterized by a mix of charming older homes and modern developments, catering to a wide range of demographics from families to young professionals. The appeal of Highett is further enhanced by its proximity to beaches, parks, and the vibrant Highett Road, which offers a variety of cafes, restaurants, and shops. The local real estate market remains competitive, with demand often outstripping supply, reflecting the suburb’s desirability and the broader trends affecting the Melbourne housing market. As such, buyers and investors are keenly interested in Highett, resulting in property values steadily appreciating.

Living in Highett offers residents a blend of suburban tranquility and urban convenience. The community is known for its welcoming atmosphere and family-friendly environment, making it an ideal place for those looking to settle down. Public transport is readily accessible, with the Highett train station providing easy connectivity to Melbourne’s CBD and other neighboring suburbs. The area also boasts a range of educational facilities, recreational options, and health services, which enhance its livability. The presence of lush parks, such as Highett Reserve and Lyle Anderson Reserve, provides ample opportunities for outdoor activities and relaxation. The local community is vibrant and active, often organizing events and gatherings that foster a strong sense of belonging among residents. Overall, Highett combines the best of coastal living with urban amenities, offering a balanced and fulfilling lifestyle.

Highett Real Estate Market Outlook

Thinking about buying in Highett? Now could not be a better time, with 8296 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,420,000 with prices in this suburb ranging from $339,000 to $6,112,000. Highett is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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. High average incomes in Highett 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 Highett 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. Medium density in Highett necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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