KNOX LGA - Eastern Suburbs of Melbourne, VIC
The municipality of Knox is a middle market area of Melbourne which, throughout 2015, 2016 and 2017, recorded major capital growth in most suburbs.
Long-term growth rates across these suburbs are very strong, with many suburbs averaging 9% per year over the past decade.
The residential areas benefit from their proximity to significant jobs nodes, including a major manufacturing precinct, and from business links with Swinburne and Monash Universities, the CSIRO and the Australian Synchrotron.
As Melbourne expands, many businesses are relocating to Knox to take up larger premises which are cheaper than the inner-city suburbs.
This, coupled with projected population growth and increased housing density, will provide opportunities for investors seeking capital growth.
Another strong feature of this market is low vacancy rates.
This report covers the suburbs of Bayswater, Boronia, Ferntree Gully, Knoxfield, Rowville, Scoresby, The Basin, Wantirna and Wantirna South.