Ivanhoe, located approximately 10 km northeast of Melbourne’s Central Business District, is part of the City of Banyule. This suburb is renowned for its leafy streets, historic homes, and strong community spirit, making it a desirable location for families and professionals.
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Demographic Profile
- Population: Ivanhoe is characterised by a diverse population, including families, professionals, and older residents. According to the 2021 census, the population of Ivanhoe was 13,374.
- Predominant Age Group: The suburb attracts a mix of age groups, with a notable presence of the 35-49 age group.
- Median Household Income: Typically higher than the Melbourne average, reflecting the suburb’s affluence.
- Occupancy: A blend of homeownership and rental properties, leaning towards owner-occupied households.
Real Estate and Growth
- Median House Prices: The median house price in Ivanhoe is around AUD 1,400,000.
- Median Unit Prices: Units in Ivanhoe have a median price of about AUD 650,000.
- Rental Market: The median house rent is approximately AUD 550 per week, while for units, it’s around AUD 400 per week.
- Market Trends: Ivanhoe has experienced a steady appreciation in property values, attributed to its heritage appeal, community atmosphere, and proximity to the city.
Education and Lifestyle
- Schools: Known for its excellent educational institutions, including Ivanhoe Grammar School and Ivanhoe Primary School.
- Local Vibe: The suburb is celebrated for its community-oriented lifestyle, with numerous local events and festivals.
- Community Insights: Residents appreciate Ivanhoe’s safety, green spaces, and charming mix of Art Deco and modern architecture.
Transportation
- Public Transport: Well-connected by public transport, including Ivanhoe Train Station and numerous bus routes.
- Accessibility: Good access to major arterials such as the Eastern Freeway.
Notable Features
- Proximity to the City: Ivanhoe offers a quick commute to Melbourne’s CBD, making it ideal for professionals.
- Recreational Areas: It boasts several parks and the Yarra River precinct, famous for walking, cycling, and picnicking.
- Cultural Attractions: Hosts a variety of cultural attractions, including the annual Ivanhoe Festival and art exhibitions.
Ivanhoe is a prestigious and vibrant suburb known for its heritage charm, excellent amenities, and strong sense of community. Its blend of beautiful homes, quality schools, and easy access to the city centre makes it a highly sought-after location for diverse residents.
