Silvan VIC 3795: Property Market Report & Real Estate Insights

Part of Yarra Ranges, VIC

Silvan Real Estate Market Outlook

Thinking about buying in Silvan? Now could not be a better time, with 753 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,440,000 with prices in this suburb ranging from $506,000 to $4,073,000. The approximate distance to the coast is 31 Km.

Living in Silvan

Consistent high demand relative to supply is a key feature in Silvan driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Silvan 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 Silvan provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 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 Silvan 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

Silvan, located in the picturesque Yarra Ranges of Victoria, offers a unique housing market characterized by its rural charm and scenic landscapes. Known for its abundant orchards, particularly its famous tulip farms, Silvan provides a peaceful and laid-back living experience, ideal for those seeking a retreat from the hustle and bustle of city life. The housing market in Silvan predominantly consists of spacious properties, including charming farmhouses and modern homes on larger blocks of land. These properties often come with expansive gardens, providing residents with ample outdoor space to enjoy the stunning natural surroundings. While the real estate market here might not be as fast-paced or competitive as in metropolitan areas, it offers a unique opportunity for buyers looking for a more serene lifestyle with the added benefit of investing in a property with potential for value growth given the area's appeal and proximity to Melbourne.

Living in Silvan is marked by a strong sense of community and an appreciation for the great outdoors. The town maintains a cozy and rural atmosphere, offering residents the chance to engage with nature through various local attractions, hiking trails, and national parks that are only a short drive away. Community events centered around agricultural themes, like the annual Silvan Agricultural Show, foster a close-knit community spirit. Essential amenities such as schools and local shops are available, although more extensive services can be found in nearby larger towns. Life in Silvan can be particularly appealing for families and retirees looking for a quiet, wholesome environment with the benefits of natural beauty and a community-focused lifestyle. Access to Melbourne is relatively straightforward via nearby highways, allowing for the occasional urban excursion while retaining the tranquility of country living.

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