All About Kealba, Brimbank, VIC, 3021

Kealba, a suburb in the City of Brimbank, Victoria, is part of the bustling Melbourne metropolitan area. The housing market in Kealba reflects both the charm of suburban living and the proximity to urban conveniences, making it an attractive option for a diverse range of homebuyers. As of 2023, the market in Kealba exhibits a steady demand, with property prices showing moderate growth compared to some of the more central Melbourne suburbs. The area's housing stock primarily consists of family homes, with a mix of older, established properties and modern developments. Affordability compared to the inner-city areas remains a key draw, prompting interest from first-time buyers and families seeking more space without sacrificing accessibility to Melbourne's amenities.

Living in Kealba offers a balanced lifestyle with a sense of community and ample local amenities. Residents enjoy the suburb's proximity to green spaces like Brimbank Park, which provides an escape for outdoor enthusiasts and families alike. The local area boasts a range of services, including schools, shopping centers, and public transport options, contributing to its appeal among young families and professionals. The community is known for its friendly atmosphere, characterized by a diverse population that adds to the cultural tapestry of the suburb. Overall, Kealba offers a suburban retreat with the convenience of being just a short drive from the larger urban offerings of Melbourne, making it an ideal locale for those seeking a blend of tranquility and connectivity.

Kealba Real Estate Market Outlook

Thinking about buying in Kealba? Now could not be a better time, with 1402 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $925,000 with prices in this suburb ranging from $260,000 to $1,863,000. Kealba is located fairly close to the coast at just 9Km 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. 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 Kealba 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 Kealba provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Kealba necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Kealba 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 Kealba 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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Nearby Suburbs

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