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Kangaroo Flat suburb profile

Kangaroo Flat is a vibrant suburb located just south of Bendigo in Victoria, known for its blend of urban amenities and natural beauty. The area offers a welcoming community atmosphere, with a range of shopping options, schools, and recreational facilities. Kangaroo Flat is well-connected by public transport, making it convenient for commuting to Bendigo and beyond. The suburb is surrounded by picturesque landscapes, including parks and reserves, providing residents with ample opportunities for outdoor activities. Its combination of modern conveniences and serene environment makes Kangaroo Flat an appealing choice for families and individuals alike.

Kangaroo Flat property market performance

Current median dwelling price$503,750Past 3 months

Property growth+11.9%Past 12 months

Kangaroo Flat's property market has shown robust growth over the past 12 months. House values have increased by 11.2%, with the current median house price at $637,750. Although unit sales are limited, unit values have surged by 16.7%, indicating a strong demand for this property type.

In terms of sales activity, 46 houses and 6 units have been sold over the past 12 months. Both houses and units have a median time on market of 28 days, suggesting a balanced demand across property types.

The rental market in Kangaroo Flat has also experienced significant changes, with house rents increasing by 11.7% and unit rents by 5.3% over the last 12 months. The average rent for houses is $525, while units average $400, reflecting a healthy rental demand in the area.

HousesUnits
Median price
Past 3 months
$630K$378K
Change in value
Past 12 months
12.3%11.5%
Sold
Past 3 months
4812
Median days on market
Past 12 months
2350
Average rent
Past 12 months
$530$400
Change in rent
Past 12 months
10.4%5.3%

5 year median price trend for houses and units

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Kangaroo Flat demographics

Kangaroo Flat, located in the regional city of Bendigo, Victoria, offers a blend of suburban comfort and regional charm. With a population of 11,328, it is a community that appeals to families, retirees, and those seeking a quieter lifestyle away from the hustle and bustle of larger cities. The median age of 44 suggests a mature population, with many residents likely enjoying the area's relaxed pace and community-oriented atmosphere.

The suburb's housing landscape is characterized by a significant proportion of home ownership, with 39.8% of properties owned outright and 31.3% owned with a mortgage. This indicates a stable community with long-term residents who have invested in the area. Renting is less common, with 28.8% of properties being rented, which may appeal to those looking for more permanent roots.

Family dynamics in Kangaroo Flat are diverse, with couple families without children making up 42.9% of the population, while couple families with children account for 33.6%. One-parent families also form a notable part of the community at 21.5%. This variety in family structures contributes to a rich community fabric, supported by local amenities and services that cater to different needs. Overall, Kangaroo Flat offers a balanced lifestyle with the benefits of regional living, making it an attractive option for those seeking a peaceful yet connected community.

Suburbs near Kangaroo Flat

Some popular suburbs near Kangaroo Flat include:

  • Golden Gully: Known for its peaceful residential atmosphere and proximity to natural reserves, Golden Gully is located directly northeast of Kangaroo Flat.
  • Golden Square: Offering a mix of historical charm and modern amenities, Golden Square is situated to the north of Kangaroo Flat.
  • Spring Gully: Known for its lush greenery and outdoor recreational spaces, Spring Gully lies to the northeast of Kangaroo Flat.
  • Big Hill: Featuring scenic views and a semi-rural lifestyle, Big Hill is located to the south of Kangaroo Flat.
  • Quarry Hill: Known for its charming heritage homes and close-knit community, Quarry Hill is situated to the northeast of Kangaroo Flat.

How does Kangaroo Flat compare to nearby suburbs?

  • Median house prices: Kangaroo Flat’s median house price is 1.1% higher than Golden Square’s.
  • House price growth: Property prices in nearby Golden Square have risen 3.1% more than in Kangaroo Flat over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Kangaroo Flat have grown 7.1% higher than in Golden Square.
  • Selling speed for houses: Properties in Kangaroo Flat are selling 4.2% faster than in Spring Gully.
  • Selling speed for units: Properties in nearby Golden Square are selling 10.0% faster than in Kangaroo Flat.

Choose the right real estate agents in Kangaroo Flat

Currently, there are 76 real estate agents working in Kangaroo Flat—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 76 agents sold 30.9% of all properties in Kangaroo Flat over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Kangaroo Flat typically charge a commission of 2% to 2.75%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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