Knoxfield is a mid-sized suburb in Victoria within the Knox local government area (postcode 3180). With a population of 7,645, the suburb has an established demographic with a median age of 41. Households earn a median income of $92K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Chinese.
The median house price in Knoxfield is $931,000, having dipped slightly 2% over the past year. Units have a median price of $770,000 (+1.3% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,000.
Knoxfield is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 54 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Knoxfield offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($931K/$875K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -2.0% year-on-year.
Knoxfield is a mid-sized suburb in Victoria within the Knox local government area (postcode 3180). With a population of 7,645, the suburb has an established demographic with a median age of 41. Households earn a median income of $92K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Chinese.
The median house price in Knoxfield is $931,000, having dipped slightly 2% over the past year. Units have a median price of $770,000 (+1.3% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,000.
Knoxfield is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 54 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, Knoxfield offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($931K/$875K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -2.0% year-on-year.