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Knox City, VIC

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The City of Knox is a local government area in the eastern suburbs of Melbourne, Victoria. The local property market is a mix of residential, retail and commercial properties. The residential properties are a mix of older and newer homes, and the prices vary depending on the location and size of the property.

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The majority of homes are owner-occupied, and there is a good selection of properties available to suit all budgets. Rental prices are reasonable, and there is a good choice of properties to rent. The area has good transport links, and there are a range of shops, schools and other amenities nearby.

The Knox City economy is based on a mixture of industry and agriculture. The town is home to a number of factories, including a meatworks and a cannery. There are also several dairy farms in the area.

Professionals (20.9 %), clerical and administrative workers (15.7 %), technicians and trades workers (15.2 %), managers (12.0 %), and sales workers (10.9 %) are the most frequent jobs in Knox. The typical weekly personal income for Knox residents aged 15 and older is $664.

In Knox, 84.7 % of inhabited private residences are detached houses, 12.1 % are semi-detached, row or terrace houses, townhouses, or other structures, 2.5 % are flats or apartments, and 0.5 % are other structures.

If you are looking to invest in property in Knox City, Victoria, there are a few things you should keep in mind. Firstly, it is important to do your research and find an area that is in demand and has potential for growth. Secondly, you should make sure you have a good understanding of the local market and what prices are reasonable for the area. Finally, it is important to have a solid investment plan and be prepared to stick to it, even in tough times.

Use the interactive dashboard below to learn more about the local property market before you invest.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Knox City, VIC

What other property markets are there near Knox City, VIC?

Knox City is surrounded by 5 other council areas – Monash, Yarra Ranges, Maroondah, Whitehorse, Casey.

How many people live in Knox City, VIC?

There are approximately people 154000 living in roughly 59000 dwellings in total, with an average household size of 2.7.

What are current and planned infrastructure projects in Knox City, VIC?

Notable infrastructure projects include Lewis Park Masterplan, Stamford Park redevelopment, Building a better Boronia, Capital Works projects at sports facilities, Expansion of Knox Regional Netball Centre, Fairpark Reserve, Marie Wallace Park upgrade.

What major retailers are there in Knox City, VIC?

The main retail centres are Westfield Knox, Knox O-Zone, Ozmosis Knox City, Best&Less Wantirna, Sportsco Knox City, Dymocks Knox City, The Reject Shop.

What is the main industry in Knox City, VIC?

Such sectors as Retail Trade, Health Care and Social Assistance, Manufacturing, Construction, Education and Training make up the largest part of the employment.

What are the dominant demographic groups in Knox City, VIC?

Among approximately 154000 people in Knox City males and females make roughly 49% and 51% respectively. The median age of people is 39 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 16%.

How is unemployment rate trending in Knox City, VIC?

Among approximately 82000 people employed, roughly 58% work full-time, 32% work part-time, and an estimated 6% are unemployed.

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