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Knoxfield suburb profile

Knoxfield is a suburban gem located in Melbourne's eastern suburbs, approximately 27km from the CBD. Known for its family-friendly atmosphere, it offers a mix of residential, commercial, and recreational spaces. The suburb is home to several parks and reserves, providing ample opportunities for outdoor activities and relaxation. Knoxfield's proximity to major shopping centers, such as Westfield Knox, adds to its convenience for residents. With a variety of schools and community facilities, Knoxfield is an appealing choice for families and individuals seeking a balanced lifestyle with easy access to urban amenities.

Knoxfield property market performance

Current median dwelling price$826,250Past 3 months

Property growth+6.5%Past 12 months

Knoxfield’s property market has shown positive growth over the past 12 months. House values have increased by 5.8%, with the current median house price at $990,000. Although unit values have risen by 6.5%, the median unit price is not available, indicating limited data or sales activity in this segment.

Sales activity has been moderate, with 19 houses and 4 units sold in the past 12 months. Houses are taking a median of 40 days on the market, while units are selling faster with a median of 27 days, suggesting stronger demand for units despite fewer sales.

The rental market in Knoxfield has seen notable increases, with house rents rising by 7.7% and unit rents by 8.2% over the last 12 months. The average rent for houses is $660, while units average $595, reflecting a robust rental demand in the area.

HousesUnits
Median price
Past 3 months
$935KN/A
Change in value
Past 12 months
6.4%6.6%
Sold
Past 3 months
286
Median days on market
Past 12 months
2924
Average rent
Past 12 months
$670$600
Change in rent
Past 12 months
7.2%9.1%

5 year median price trend for houses and units

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Knoxfield demographics

Knoxfield, located in Melbourne's eastern suburbs, is a family-friendly area known for its leafy streets and community-oriented atmosphere. With a population of 7,645, the suburb offers a peaceful residential environment while still being within reach of the city's amenities. The median age of 41 suggests a mature community, with many residents likely to be established families and professionals who appreciate the suburb's balance of tranquility and convenience.

The suburb's housing market reflects a strong preference for home ownership, with 37.8% of properties owned outright and 39.0% owned with a mortgage. This indicates a stable community with a significant number of long-term residents. Rental properties make up 23.3% of the housing market, appealing to those seeking flexibility or new to the area. Knoxfield's family-friendly nature is further highlighted by the fact that 46.5% of families are couples with children, while 36.9% are couples without children, and 15.2% are one-parent families.

Knoxfield's appeal lies in its suburban charm, with local parks, schools, and shopping centers catering to the needs of its residents. The median total household income of $1,762 per week suggests a comfortable standard of living, making it an attractive option for families and professionals seeking a suburban lifestyle with easy access to Melbourne's urban offerings. Overall, Knoxfield presents a harmonious blend of community spirit, family focus, and residential stability.

Suburbs near Knoxfield

Some popular suburbs near Knoxfield include:

  • Scoresby: Known for its industrial estates and family-friendly atmosphere, Scoresby is located directly west of Knoxfield.
  • Wantirna South: Featuring a mix of residential and commercial areas with excellent shopping facilities, Wantirna South is situated to the northwest of Knoxfield.
  • Rowville: Offering a suburban lifestyle with ample parks and recreational spaces, Rowville lies to the south of Knoxfield.
  • Wantirna: Known for its leafy streets and proximity to major transport routes, Wantirna is located to the north of Knoxfield.
  • Ferntree Gully: Featuring a blend of natural beauty and suburban living, Ferntree Gully is situated to the east of Knoxfield.

How does Knoxfield compare to nearby suburbs?

  • Median house prices: Knoxfield’s median house price is 4.7% lower than Scoresby’s.
  • Median unit prices: Knoxfield’s median unit price is 32.9% higher than Wantirna South’s.
  • House price growth: Over the past 12 months, house prices in Knoxfield have grown 4.3% higher than in Scoresby.
  • Unit price growth: Over the past 12 months, unit prices in Knoxfield have grown 9.1% higher than in Scoresby.
  • Selling speed for houses: Properties in Knoxfield are selling 17.1% faster than in Scoresby.
  • Selling speed for units: Properties in Knoxfield are selling 52.0% faster than in Wantirna South.
  • Investment considerations: In Knoxfield, the rental yield for house is 6.3% higher than the Melbourne average, while the rental yield for units is 2.4% higher.
  • House price growth: Over the past 12 months, house prices in Knoxfield have grown 3.5% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Knoxfield have grown 36.0% higher than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Knoxfield

In Knoxfield ,72 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 35.1% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.71% and 2.57%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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