All About Roxburgh Park, Hume, VIC, 3064

Roxburgh Park, located within the Hume region of Victoria, Australia, presents a dynamic and evolving housing market. The suburb is characterized by its diverse housing options, ranging from contemporary townhouses to more traditional family homes, making it appealing to a broad spectrum of potential buyers. In recent years, Roxburgh Park has experienced steady growth in property values, a trend driven by its strategic location and the ongoing development of local infrastructure. This growth is further bolstered by the suburb's proximity to Melbourne's central business district, which is about 25 kilometers away, offering residents the advantage of suburban living with relatively easy access to the urban core. Additionally, first-time buyers and investors are often attracted to Roxburgh Park due to its relatively affordable housing compared to neighboring suburbs, along with the potential for property appreciation.

Living in Roxburgh Park offers a blend of convenience and community-oriented lifestyle. The suburb is well-served by public transport, including the Roxburgh Park train station, which facilitates an easy commute to the city. Residents benefit from a range of amenities such as schools, shopping centers, and recreational facilities, including parks and sports clubs, which promote an active lifestyle. The community is known for its cultural diversity, fostering an inclusive environment that is welcoming to people from varied backgrounds. Moreover, Roxburgh Park is characterized by a sense of tranquility and safety, making it an attractive place for families to settle. With ongoing developments and community projects, the area promises continued enhancements in quality of life, making it a desirable place to call home.

Roxburgh Park Real Estate Market Outlook

Thinking about buying in Roxburgh Park? Now could not be a better time, with 8035 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $822,000 with prices in this suburb ranging from $262,000 to $8,405,000. The aproximate distance to the coast is 18 Km.

Consistent high demand relative to supply is a key feature in Roxburgh Park driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. 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 Roxburgh Park 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 Roxburgh Park provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Roxburgh Park requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Roxburgh Park 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 Roxburgh Park 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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