Each inner suburb of Melbourne has its own distinctive flavour, with different businesses, dwellings and groups of people living and working in each. From leafy Parkville, home to the University of Melbourne and a range of medical, research and institutional facilities, to the new waterside developments of Docklands; from the bustling restaurants of Carlton’s Italian precinct to the high end fashion, cuisine and flair of Southbank’s promenade and Crown Casino.
This week’s featured suburb is East Melbourne. All that separates the city centre from East Melbourne are the grand Fitzroy, Treasury and Parliament Gardens. The established tree lines continue to follow up and along the beautiful streets of this prominent suburb. Featuring 19th century homes, remnant mansions, apartments and the most common home you’ll find – the terrace houses. The suburb is approximately 2 square kilometers in size and has 10 parks in total that cover nearly 43% of total area.
The table below indicates sales over the last year in East Melbourne:
|June 2011 - June 2012|
|East Melbourne||Region||East Melbourne||Region|
|Long Term Trend||9.4%||7.4%||5.0%||4.7%|
|Auction clearance rates||60%||62%||77%||58%|
|Days on Market||64||61||97||86|
|*Based on sales reported to Australian Property Monitors|
Facts and Statistics
Rent vs. Own
For any further information, please do not hesitate to call the office to speak with one of our expert sales consultants on 9614 6688.
The Team at Dingle Partners Real Esate