Flemington

Flemington, located just 4 km northwest of Melbourne’s Central Business District, falls under the City of Melbourne and the City of Moonee Valley. It is renowned for its vibrant community, rich history, and as the home of the famous Flemington Racecourse.

Demographic Profile

• Population: According to the 2021 census, the population of Flemington was 7,025.
• Predominant Age Group: Popular among the 20-39 age group, reflecting its urban and dynamic lifestyle.
• Median Household Income: Generally aligns with the Melbourne metropolitan average.
• Occupancy: A mix of homeowners and renters, with a notable presence of rental properties due to its proximity to the city.

Real Estate and Growth

• Median House Prices: The median house price in Flemington is approximately AUD 950,000.
• Median Unit Prices: The median price for units stands around AUD 500,000.
• Rental Market: The median rent for houses is about AUD 450 per week, while for units, it’s approximately AUD 350 per week.
• Market Trends: Flemington has experienced steady growth, with its proximity to the CBD and lifestyle offerings driving demand.

Education and Lifestyle

• Schools: Home to several schools, including Flemington Primary School and nearby secondary colleges.
• Local Vibe: Known for its bustling local scene, with various cafes, restaurants, and shops along Racecourse Road.
• Community Insights: Appreciated for its blend of historic charm and modern urban living, offering a vibrant and convenient lifestyle.

Transportation

• Public Transport: Exceptionally well-serviced with the Flemington Bridge and Newmarket train stations, multiple tram lines, and bus routes.
• Accessibility: Convenient access to major arterial roads and the city.

Notable Features

• Flemington Racecourse: Hosts the world-famous Melbourne Cup and other significant racing events.
• Cultural and Recreational Areas: Offers various parks and reserves for outdoor activities, including the Maribyrnong River Trail.

Flemington is a dynamic and culturally rich suburb with a strong sense of community. It’s particularly appealing for those seeking an urban lifestyle close to the heart of Melbourne, with the added charm of historic buildings and the excitement of major sporting events. Its real estate market reflects this appeal, offering a range of options for homeowners and renters.