Suburb Profile Report for Knoxfield VIC (3180)

Knoxfield House: Median price $728,000, Annual capital growth 9.58%, Number of sales 82, Weekly median advertised rent $400

Knoxfield Unit: Median price $580,000, Annual capital growth 7.84%, Number of sales 41, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Knoxfield, 3180 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.06%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Knoxfield has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -6.63% to buyers in Knoxfield at the moment, which is less than average for the rest of VIC.

The VIC suburb of Knoxfield, 3180 is in the Knox local government area.

Property investors who have had real estate in Knoxfield, 3180 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.41%

Taking the average capital gain, or increase in median house value, Knoxfield,3180 has racked up an average of 8.41% over the period. This ranks it number 287th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Knoxfield is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 4th in terms of most discounted suburbs in VIC

At number 522 in a list of fastest selling suburbs, Knoxfield is in the TOP 40% of suburbs in Australia with an average of days on market 66.09 for properties listed there.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.50%, without taking into account capital value appreciation, which has been averaging out at 7.84%.

Catherine Hogan Information supplied by:

Catherine Hogan
Stevenson Ferris

M (03) 9763 9000
O 0403 122 482

W www.stevensonferris.com.au
E catherine@stevensonferris.com.au
Knoxfield is a great little suburb within the City of Knox. Housing around 2,500 dwellings, Knoxfield residents are next door neighbours to Wantirna South, Ferntree Gully and Scoresby. Many investors love buying in Knoxfield where the land sizes are much larger than the average size block for the City of Knox. With the Knoxfield Shopping Village servicing the tight knit community, and the choice of various primary schools in the area, great public transport options, and Eastlink within an easy commute, every resident has fantastic facilities close at hand.Full summary

Selling points: Knoxfield is a great little suburb within the City of Knox. Housing around 2,500 dwellings, Knoxfield residents are next door neighbours to Wantirna South, Ferntree Gully and Scoresby. Many investors love buying in Knoxfield where the land sizes are much larger than the average size block for the City of Knox. With the Knoxfield Shopping Village servicing the tight knit community, and the choice of various primary schools in the area, great public transport options, and Eastlink within an easy commute, every resident has fantastic facilities close at hand.

Most sought-after properties: 
Properties that suit the first home buyer and property investors are the greatest in demand. At a lower price level offering greater “value for money” than neighbouring Wantirna South, the suburb of Knoxfield has always been well sought after. Older homes on block sizes larger than 980sqm are continually in demand for its future subdivision potential.

Most common properties:  
Typically, 3 bedroom homes of the area have 1 bathroom and 1 living area, and the larger family homes consist of 4 bedrooms, 2 bathrooms and 2 living areas, generally on a larger than average block size of around 980sqm. Larger blocks are always sought after for the purpose of subdividing, where new unit developments are common. 

Top amenities: 
Eastlink, Knoxfield Shopping Village, Gilbert Park, Knox Park sporting grounds and First National Real Estate Stevenson Ferris (of course!)

Local industry and business:
Several industries blend well together in Knoxfield with a great mix of residential, commercial, industrial, retail, office, schools and recreation facilities close at hand in respective zones. Bunnings and Masters are opposite each other!

Recent changes: 
The addition of Eastlink allows for direct non-stop access to the City within 40 minutes and access to popular beaches and holiday spots within 45 minutes in the other direction.

Best streets: The Lakewood Estate.

Public transport: Numerous bus services with access to Knox City Shopping Centre, various schools, shops, whilst linking with neighbouring suburbs. 

Main arteries: Eastlink , Ferntree Gully Road, Burwood Highway, Scoresby Road.

Close
HOUSE UNIT
$728,000 $580,000
2.28% 3.11%
7.06% 8.41%
9.58% 7.84%
$400 $390
82 41
2.86% 3.50%
40.33 66.09

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Knoxfield VIC
Demographics
Total population 7140
Median household income ($/weekly) 1312
Median age of persons 40
Median housing loan repayment ($/monthly) 1700
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 876 12.3
    25-34 years 912 12.8
    35-44 years 1022 14.3
    45-54 years 973 13.6
    55-64 years 975 13.7
    Others 2382 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 3025 54.9
    Not Married 2085 37.8
    Defacto Relationship 399 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4941 70.9
    Croatia 160 2.3
    Indonesia 154 2.2
    United Kingdom 418 6.0
    Other 242 3.5
    Others 1053 15.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 273 4.1
    Christianity 4205 63.7
    Hinduism 150 2.3
    Islam 78 1.2
    No Religion 1842 27.9
    Others 52 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 219 9.2
    $800-$999 235 9.9
    $1,000-$1,249 251 10.5
    $1,500-$1,999 366 15.4
    $2,000-$2,499 259 10.9
    Others 1053 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2312 40.4
    Not in the labour force 1926 33.7
    Employed, worked part-time 1081 18.9
    Employed, away from work 203 3.6
    Unemployed, looking for work 195 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 400 11.1
    Professionals 705 19.6
    Technicians & trades workers 561 15.6
    Clerical & administrative workers 625 17.4
    Sales 388 10.8
    Others 916 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 123 7.5
    Infants/Primary 551 33.4
    Secondary 526 31.9
    Technical or Further Educational Institution 167 10.1
    University or other Tertiary Institutions 235 14.2
    Others 49 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6044 87.6
    Semi-detached, row or terrace house, townhouse 692 10.0
    Flat, unit or apartment 155 2.2
    Caravan, cabin, houseboat 3 0.0
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1045 40.4
    Fully owned 1020 39.5
    Rented 464 17.9
    Other tenure type 56 2.2
    Tenure Type
Census 2011, ABS
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