All About Kilmore East, Mitchell , VIC 3764

Kilmore East Real Estate Market Outlook

Thinking about buying in Kilmore East? Now could not be a better time, with just 235 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,184,000 with prices in this suburb ranging from $349,000 to $3,070,000. The approximate distance to the coast is 55 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. Incomes in Kilmore East are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Kilmore East 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 Kilmore East necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Kilmore East 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.

Instant Property Valuation

Kilmore East, situated in the Mitchell Shire of Victoria, offers a unique slice of semi-rural Australian living, with a housing market that reflects its balance between country charm and accessibility to urban amenities. The housing market in Kilmore East is characterized by its variety of large, affordable properties, often set on spacious blocks of land, making it particularly attractive for families and those seeking a quieter lifestyle. Over recent years, the area has seen moderate growth in property values, driven by an increasing interest from buyers looking for more space while retaining proximity to Melbourne, which is just about an hour away by car. This growing interest is also buoyed by the community's value, including good local schools and a strong sense of community spirit, making it a promising location for real estate investment.

Living in Kilmore East offers a blend of peaceful, rural living with the convenience of nearby urban centers. Residents enjoy the picturesque landscapes, characterized by rolling hills and open spaces, providing plenty of opportunities for outdoor activities such as hiking and horse riding. The community is tight-knit, with local events and activities forming an integral part of life here, contributing to its warm small-town feel. Despite its rural setting, Kilmore East benefits from essential amenities, including shops, dining options, and healthcare facilities in the nearby town of Kilmore. Additionally, its connectivity via road and rail links to Melbourne ensures that the bustle of city life remains within easy reach for work or leisure, making Kilmore East an appealing choice for those looking to enjoy the best of both worlds.

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