Knoxfield Property Market
& Suburb Profile

The suburb has gained further attention due to major urban renewal projects, most notably the Development Victoria residential project on the former Knoxfield Research Institute site, which is set to introduce around 400 new homes, enhanced wetlands, and a new neighbourhood identity starting in early 2026. This transition is shifting the suburb's character from a purely established residential pocket into a more modern, diverse community.

The lifestyle in Knoxfield is centred on its vast recreational offerings, with the expansive RD Egan-Lee Reserve and Carrington Park providing popular grounds for local sports and leisure, while the nearby Caribbean Gardens precinct continues to evolve as a major business and recreation destination.

Residents benefit from being within a few minutes' drive of the newly redeveloped Westfield Knox, which has become a premier regional hub for high-end dining, fashion, and entertainment. Education is a primary driver for the area, with well-regarded local schools such as Knox Park Primary and Carrington Primary serving the community, alongside the prestigious The Knox School which recently unveiled its state-of-the-art "Futures Hub" innovation facility.

Connectivity is a major asset for the suburb, as it is bounded by several major arterials including the Burwood Highway, Ferntree Gully Road, and Stud Road, providing direct access to the EastLink freeway for a fast commute to the city or the Mornington Peninsula. While the suburb does not have its own train station, it is well-serviced by a robust bus network that connects residents to the nearby Ferntree Gully or Boronia rail lines. The local healthcare infrastructure has also seen a boost with the opening of a major new five-storey aged care facility, Infinite Care, which adds to the suburb's appeal for multi-generational families.

From a property perspective, Knoxfield has seen exceptional performance throughou with house prices experiencing strong double-digit growth. Investors are particularly attracted to the suburb's healthy rental yields underpinned by a very high owner-occupation rate. This stability, combined with the upcoming supply of new medium-density housing, ensures Knoxfield remains a highly competitive and resilient market in Melbourne's outer east.