Kingsville in Melbourne’s inner west is making waves as one of the city’s property hotspots.
House prices have risen 32.1 per cent over the last five years and have seen a number of million dollar-plus sales this year.
Kingsville is only a small suburb but it sits next to the real estate gold in Yarraville and Seddon.
As has happened in similar scenarios around town, such as the inner north, property buyers who can’t quite afford to get in Yarraville and Seddon are spilling over into neighbouring Kingsville and West Footscray.
Jas Stephens director Craig Stephens spoke to Domain about the area.
“As other suburbs like Yarraville, Seddon and Williamstown start to get silly prices, the peripheral suburbs like Newport, Spotswood and now Kingsville, start to see the same.”
Village Real Estate director Huss Saad also gave his thoughts on Kingsville to Domain.
“When I first got into real estate, we struggled to sell houses in Kingsville because there’s no attraction like the village or the train station or the shops that Yarraville and Seddon have,” he said.
“But perceptions of Kingsville have changed. It’s got its own heritage feel and it’s got more consistency with period homes than any other suburb around here.”
Not only are buyers enjoying the heritage element, but they are also enjoying the larger block sizes and right of way access that many houses in Kingsville have.
With such a short and direct commute for residents to get into the city, it’s little wonder Kingsville is heating up the property market right now.