Planning to Purchase: Buying Property in Kyneton

I have many potential buyers contacting me for advice on how to get into the Kyneton property market. With regional Victoria increasing daily as a destination for first home buyers and those looking for a tree change, I advise my clients to be as prepared as possible so that when that desirable property is up for sale, they’re ready to go.

To start looking for a property, one must always know their budget. Now is the time to get finances in order and speak to a mortgage broker or a bank to set expectations.

It is advisable to have saved around 20% for a house deposit to avoid paying extra fees in insurance.  Interest rates are very low at the moment, but the regional Victorian market has increased. It can be concerning for the potential buyer to work out when the right time is to buy, but know that you will be ready in your own time.

When you meet with your bank or broker, they will assess your current financial situation, looking at your savings, your income, your assets and any ongoing financial commitments such as car loans and other mortgages.

It’s important that you are realistic about what you can afford. Your bank or broker can provide advice on this, but you also don’t want to be living off canned beans for the rest of your life! Shopping around for a good interest rate takes time, but it can also save you thousands in the long run.

Before you start placing bids on dream properties, consider getting a loan pre-approval. These can last up to 6 months and sets an affordable price range for when you start house hunting, showing sellers that you’re serious about buying.

And finally, it’s time for you to find a house to buy. As you look for the balance between lifestyle and comfort, Kyneton heads into its glorious autumnal season. To discuss the Kyneton property market, please contact me at

Kyneton: Looking back over the last decade

It’s no secret, Kyneton is a magical place but what did the township look like ten years ago?

In 2011, Kyneton had a population of just under 4,500 and since then has doubled in size with over 9,000 people… and growing!

The popularity of Kyneton has increased, with its close proximity to Melbourne and serving as an accessible town for city commuters as well as a sublime community that is very appealing to tree-changers. It’s easy to see why Kyneton is now a thriving regional destination.

Over the past decade, Piper Street has reclaimed its position as the town’s shopping precinct, back from when it was the original commercial centre of Kyneton during the goldrush. The historical streetscape is a gastronomic destination, with many opportunities to dine and shop in the glorious bluestone buildings and storefronts that have been carefully preserved over the last ten years to make this part of Kyneton a memorable experience.

With hot restaurants, friendly cafes, and beautifully tasteful retail stores at the town’s fingertips, Kyneton has also seen growth with young families moving to the area which is complemented by the wonderful array of schools in the town.

As we near the end of 2020, the median house price in Kyneton is $665,000. Back in 2011 it was $375,000 (REIV). Over the last ten years we have seen an increase of the median house price by $290,000. With the average house price across regional Victoria in 2020 as $443,000 – a 5.1% increase in property prices across the country regions – Kyneton certainly has a bright future for growth.

Summer is a wonderful time to explore Kyneton and its surrounds; from its sensational historic bluestone buildings to the miner’s cottages and quirky shopfronts. While you are out exploring, try one of the amazing eateries in town and support local. Adventure seekers beware – you may want to become a local after just one visit to this beautiful town!

Race to the fenceline: Kyneton’s hot summer ahead

With the restrictions easing up in metropolitan Melbourne, we can shortly expect an influx of visitors to our beautiful town. And what better time to experience Kyneton, then on the cusp of summer.

The government recently announced that first home buyers who purchase a new property before the end of 2020 are now able to receive a $35,000 grant. On top of this, first home purchasers can sign up to a home loan with just a 5 per cent deposit.

The regional Victorian property market is expected to increase over the next twelve months and we have already seen an increase in demand for properties in Kyneton.

This new financial package was aligned by the Federal Government announcing an extra 10,000 places to its first home loan deposit scheme for newly constructed houses, which in turn will support our local tradies.

This coupled with the minimum 5 per cent deposit for a home loan means skates will certainly be on for new properties for the remainder of the year and heading well into 2021.

With regional Victoria looking to be a hot spot for real estate across the coming 12 months and beyond, there will be interest around empty blocks of land with new builds in mind. Construction and development will be on the rise to meet supply and demand across regional areas, in particular the Macedon Ranges and Bendigo shire.

For current home owners in Kyneton, this is a prime opportunity to look at possibly upsizing or downsizing depending on your needs. For renters looking to buy, now is the time to investigate future properties being prepared for selling. For city dwellers looking for that tree change lifestyle, now is the time to start having conversations with your local agent, as when the ring of steel comes down there’s going to be a race to the fenceline!

For a consultation on your property or to put your feelers out in the current Kyneton market, please contact me at

Renting: Try before you buy

The old rule of ‘try before you buy’ still stands for a lot of potential buyers seeking a rental property to test the new lifestyle first.

Since the global pandemic, there has been significant demand for rental properties with people wanting to leave the city, in search of a lifestyle change. Affordability is also one of the many reasons people come to Kyneton from the city, second to living in a tight knit community.

This year we have seen a strong local market with 70% of sales coming from Macedon Ranges-based buyers. These buyers are coming in to town to downsize from acreage, or are families who purchased their first home here and are now looking to upsize for more space for the kids or a bigger garden to grow their own produce.

It’s a landlord’s market right now in Kyneton. We have seen an increase in demand for rental properties from people wanting to move to the region from Melbourne, with the plan to rent first to find out if they enjoy the location and lifestyle before committing to a purchase.

We have been receiving a lot of interest from Melbourne tenants, even though there are travel restrictions in place. A lot of these potential tenants are signing on to lease properties that they haven’t physically seen.

With a shortage of rental properties available, we are seeing strong competition in the Macedon Ranges with the vacancy rate sitting at just 0.7%. Rental properties located close to schools or in the heart of town are the most popular.

The majority of renters stay on to live here permanently. If they can make the move work for them, then they will stay. With working from home an option now for many, we will see this continued increase in demand.

The advantage of renting in Kyneton first, is being able to establish friendships and relationships with likeminded people. Kyneton has a strong community, that is based first on lifestyle. We have seen couples move here, start their families and then retired grandparents follow. This is why Kyneton has become such a hot spot for real estate, because we love living here.

Are you looking to rent, sell, upsize or downsize? Contact me at and I can help guide you along the property path.

Spring: Time to plan ahead

Spring has sprung! Are you ready to plan your future?

With the sunshine coming out and the daffodils making a full appearance, demand has started to increase for regional properties, with a focus on the Macedon Ranges.

With lockdown restrictions in our neighbouring metropolitan Melbourne set to ease later this month, regional Victoria seems to be the place to be with working from home now a reality for many.

Recent research with CoreLogic has shown that while house prices have plummeted in metropolitan Melbourne, regional house prices have remained stable during the global pandemic.

Many major metropolitan-based businesses have seen the positive results of remote working, with staff adjusting to this new lifestyle and working from home becoming the new normal. This change in working practice has brought with it a passion for home and space, highlighting what is really important and placing the dream of country living at the forefront for many.

Across the board, research data showed that regional markets saw unchanged prices over August and are down just -0.2 per cent over the past three months.

The Kyneton Raine & Horne office has been busy with enquiries with 70% of buyers coming from within the Macedon Ranges. Many Melbourne buyers are already here renting and waiting for the right property, essentially ‘trying before they buy’. Our rental properties have been tenanted very quickly as people flee the city for a country lifestyle.

If you are planning to buy in the area, please give us call and we can keep you informed of what we have and what’s coming up.

If you are planning to sell your property, Spring is and has always been a hot market for Kyneton. This is the time to prepare and plan your sale and inner improvements to your home can provide you with a positive and inspiring mental state. We are in a time where there are more buyers than properties, so please call us and we can do some match-making.