East Melbourne

East Melbourne, an inner suburb of Melbourne, Victoria, is immediately east of Melbourne’s Central Business District (CBD). With its historic architecture, expansive parks, and prime location, East Melbourne is one of the city’s most prestigious and sought-after areas.

Demographic Profile

• Population: 4,896 as of the 2021 census.
• Predominant Age Group: The suburb attracts a diverse range of residents, including professionals, retirees, and small families, with a significant portion of the population in the 30-49 age group.
• Median Household Income: Reflects the suburb’s affluence, typically higher than the Melbourne metropolitan average.
• Occupancy: Characterised by a mix of homeowners and renters, with many high-end apartments and converted historic residences.

Real Estate and Growth

• Median House Prices: East Melbourne is known for its luxury real estate market, with median house prices significantly higher than the Melbourne average, often exceeding AUD 2,500,000.
• Median Unit Prices: Apartments and units also command premium prices, with a median price of around AUD 1,200,000.
• Rental Market: The median rent in East Melbourne is high due to its prime location and quality of living, with houses and units renting for upwards of AUD 650 per week.
• Market Trends: The suburb has a relatively stable market, with high demand for its prestigious properties and limited supply contributing to sustained property values.

Education and Lifestyle

• Schools: While fewer schools are within the suburb, East Melbourne is near many of Melbourne’s top educational institutions.
• Local Vibe: Known for its quiet, leafy streets and historic charm, East Melbourne offers a peaceful yet cosmopolitan lifestyle.
• Community Insights: The suburb is highly regarded for its architectural heritage, parks, and accessibility to the CBD, making it popular among those who appreciate culture, history, and convenience.

Transportation

• Public Transport: Excellently serviced by multiple tram routes and train stations, providing easy access to the CBD and surrounding areas.
• Accessibility: Its central location means that many amenities and attractions are within walking distance or a short tram ride away.

Notable Features

• Proximity to CBD: One of the suburb’s biggest draws is its proximity to Melbourne’s CBD, offering unparalleled access to the city’s business, entertainment, and dining precincts.
• Recreational Areas: Features several of Melbourne’s most beautiful parks and gardens, including the Fitzroy Gardens and Treasury Gardens, providing residents with ample green recreational space.

East Melbourne is a distinguished suburb known for its heritage buildings, prestigious living, and prime location near the heart of Melbourne. Its historical significance, modern amenities, and lush parks make it a highly desirable place for those seeking an upscale, serene lifestyle close to the city’s vibrant urban core.