Knoxfield

Knoxfield, VIC 3180 is a growing suburb with a population of 7,645 residents. The area has a good mix of age groups, with a notable percentage in the 45 to 64 years range. The median weekly household income is $1,762, and the median mortgage repayment is $2,000 per month. The suburb has a diverse range of occupations, with professionals, managers, and technicians/tradeworkers being the top three. Commuting patterns show a significant number of residents using motor vehicles and a sizable portion working from home. For houses in Knoxfield, there is a good potential for renovation projects given the high Sale Price IQR ratio. The suburb has shown consistent growth in median sale prices over the years. With a low vacancy rate and moderate rental yield, investing in houses could be a viable option for long-term capital growth. On the other hand, units in Knoxfield offer a higher market absorption rate, indicating strong demand. The rental yield for units is also higher compared to houses, making it an attractive option for investors seeking regular rental income. Knoxfield, VIC 3180 is a suburb with a diverse community and good prospects for both homeowners and investors. The area's steady population growth, solid income levels, and proximity to various amenities make it an appealing location for families. With opportunities for renovation projects in houses and a high demand for units, Knoxfield presents a mix of investment options worth considering. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022