Real Estate Viewbank, VIC, 3084 Banyule

Thinking about buying in Viewbank? Now could not be a better time, with a whopping 2992 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,437,000 with prices in this suburb ranging from $479,000 to $5,575,000.

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Viewbank Real Estate Market Outlook

In Viewbank there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. High average incomes in Viewbank ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Viewbank classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Viewbank necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.