All About Hughesdale, Monash, VIC, 3166

Hughesdale, a suburb in the City of Monash, Victoria, has seen a dynamic housing market characterized by a mix of established homes and modern developments. The suburb, located about 14 kilometers south-east of Melbourne's Central Business District, offers a blend of single-family homes, townhouses, and some apartments. The housing market in Hughesdale is generally competitive, reflecting the broader property trends in Melbourne, where demand often exceeds supply. Median property prices in Hughesdale tend to be higher than the national average, driven by its desirable location, proximity to quality amenities, and excellent transport links, including the Hughesdale railway station on the Pakenham-Cranbourne line. The area's appeal is further enhanced by its proximity to Chadstone Shopping Centre, reputed as the biggest shopping center in the southern hemisphere, which attracts both residents and investors.

Living in Hughesdale offers a balanced lifestyle with a family-friendly atmosphere and urban conveniences. The suburb benefits from a rich array of amenities including parks, cafes, and local shops, contributing to a vibrant community spirit. Hughesdale is also noted for its educational facilities, catering to families with several reputable schools nearby. The neighborhood is punctuated by green spaces such as Galbally Reserve and Boyd Park, providing residents with plenty of outdoor activities and areas for relaxation. Public transport services are convenient, making commuting straightforward for those working in Melbourne's CBD. Furthermore, the community in Hughesdale is diverse and welcoming, creating a pleasant and supportive environment. Overall, the suburb is characterized by its residential calmness and accessibility, making it a desirable place for both young professionals and families seeking a high quality of life.

Hughesdale Real Estate Market Outlook

Thinking about buying in Hughesdale? Now could not be a better time, with 4688 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,393,000 with prices in this suburb ranging from $282,000 to $5,797,000. Hughesdale is located fairly close to the coast at just 7Km 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 Hughesdale 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. A mix of professions and above average income earners in Hughesdale provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Hughesdale to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Hughesdale 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 Hughesdale 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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