Mitchell Shire - Regional Victoria
The Mitchell Shire market is poised for ongoing growth, boosted by its proximity to Melbourne and the growing demand for affordable lifestyle locations within commuting distance of the capital city’s employment nodes.
It also commands attention because of the strong rise in house sales activity recently, creating good prospects for price growth. This has led to median price growth of 15–25% in the past year in most of the towns in this region.
Despite the recent increases, house prices remain less than half the median prices of high-growth middle-market suburbs in Melbourne. They are also lower than the most affordable of Melbourne’s outer-ring suburbs.
Good rail links are a key feature. Southern Cross train station is about an hour away, connected via regional V/Line trains which stop at Seymour, Tallarook, Broadford, Kilmore East and Wallan. Travel time to central Melbourne and the main airport along the Hume Freeway or Northern Highway is similar – about an hour.
But many of the major jobs nodes are not in central Melbourne but in the northern suburbs close to the Metropolitan Ring Road and the Hume Highway - easily accessible from the towns of Mitchell Shire.
Mitchell Shire is also accessible to other key Victorian regions including Bendigo, Shepparton and Echuca.
A region forged by the gold rush of the 1800s, the Mitchell Shire is littered with many historical buildings, wineries and a developing equine industry where thoroughbreds are bred, trained and raced.
This report covers Beveridge, Broadford, Kilmore, Seymour and Wallan.