Mitchell Shire - Regional Victoria
The Mitchell Shire market continues to demonstrate strong growth in median house prices, boosted by its proximity to Melbourne and the growing demand for affordable lifestyle locations within commuting distance of the capital city’s employment nodes.
A key strength of this region is the unemployment rate which is lower than the Victorian and national averages.
House prices in Mitchell Shire remain less than half the median prices of middle-market suburbs in Melbourne. They are also considerably 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.
Mitchell Shire was Hotspot of the Week on 28 August 2019