Question 1

Is Knoxfield a nice place to live?

Accepted Answer

Knoxfield is an established eastern Melbourne suburb with leafy streets, neighbourhood parks and a mix of mid-century brick houses and more recent renovations on generous blocks. Local life centres on small shopping strips, sporting clubs and pocket reserves with walking trails, while bus services connect to the suburban train network and arterial roads provide straightforward car access. The Dandenong Ranges and other outdoor destinations are close enough for easy day trips.

Home to 7,645 people with a median age of 41 and a typical household income of $1,762 a week, Knoxfield tends to attract families and professionals who value backyard space, nearby schools and recreational green space. Homes are mostly owner-occupied (76.8% combined) with 23.3% rented. A major masterplanned neighbourhood, Ovata, is planned on the former horticultural research site and the council is progressing upgrades to parks, sports and skate and BMX facilities; the suburb also contains the municipality’s only fully fenced dog park. Whether that suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Knoxfield?

Accepted Answer

A house at Knoxfield’s current median of $972,500 works out to about 10.6 times a typical local household’s annual income at the last Census (weekly income $1,762 × 52 = $91,624). That multiple puts buying well above what people locally earned at the last Census.

Rents take a sizeable share of local incomes: a house rent of $670 a week is roughly 38% of a typical local household’s weekly income at the last Census, and a unit rent of $600 a week is about 34%. On these figures, renting would take a sizeable share of income while buying sits well above local incomes; which matters most depends on whether you plan to rent or buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Knoxfield a good place to invest?

Accepted Answer

For someone weighing Knoxfield as an investment, the past 12 months show solid gains in both prices and rents. Median house values rose 7.4% and median unit values rose 6.7%, while house rents increased 6.3% and unit rents climbed 9.1%. Unit rents grew faster than unit values and also outpaced house rent growth, so rental income from units has been the stronger performer this year, while houses and units both recorded a solid rise in value.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$973K	N/A
Change in value Past 12 months	7.4%	6.7%
Sold Past 3 months	26	6
Median days on market Past 12 months	35	20
Average rent Past 12 months	$670	$600
Change in rent Past 12 months	6.3%	9.1%

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