All About Mickleham, Hume, VIC, 3064

Mickleham, located in the City of Hume, Victoria, has seen significant growth and development in its housing market over the past several years. As a suburb situated on the northern outskirts of Melbourne, Mickleham has benefitted from the metropolitan expansion, attracting families and investors seeking affordable housing options compared to the city's inner suburbs. The availability of new housing estates, coupled with modern amenities and infrastructure projects, has contributed to its burgeoning market. Property prices have been relatively competitive, making it an attractive option for first-home buyers looking for spacious houses and generous land sizes. The development of road networks and public transportation projects, such as the planned extension of rail links and the improvement of major roads, has further enhanced its connectivity to Melbourne's CBD, spurring additional interest in the area's real estate.

Living in Mickleham offers residents a blend of suburban tranquility and convenient access to urban amenities. The community is predominantly family-oriented, with ample green spaces, parks, and recreational facilities that cater to outdoor lifestyles. Schools and childcare centers are either established or being developed to accommodate the growing population, providing families with essential services within a short distance. Shopping hubs with supermarkets, retail stores, and dining options also support the daily needs of Mickleham's residents, while larger shopping centers are within reach in neighboring suburbs. As Mickleham continues to evolve, it maintains a sense of community spirit and offers a peaceful environment, making it an appealing choice for those looking to escape the hustle and bustle of city life without sacrificing convenience.

Mickleham Real Estate Market Outlook

Thinking about buying in Mickleham? Now could not be a better time, with 10186 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $774,000 with prices in this suburb ranging from $74,000 to $5,023,000. The aproximate distance to the coast is 24 Km.

Consistent high demand relative to supply is a key feature in Mickleham driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Mickleham are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Mickleham changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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 Mickleham 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

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!