Kooyong

Kooyong, an affluent suburb in Melbourne, Victoria, is located about 7 km southeast of Melbourne’s Central Business District within Stonnington. Known for its prestigious residential profile, Kooyong is synonymous with luxury living and offers an exclusive lifestyle.

Demographic Profile

• Population: According to 2021, the population of Kooyong was 824. Characterised by a small, affluent community with a significant proportion of established families and professionals.
• Predominant Age Group: The suburb appeals primarily to mature families, professionals, and older age groups.
• Median Household Income: Significantly higher than the Melbourne metropolitan average, reflecting the suburb’s affluent nature.
• Occupancy: Predominantly owner-occupied, with a smaller proportion of renters.

Real Estate and Growth

• Median House Prices: Kooyong is one of Melbourne’s most expensive suburbs, with median house prices often exceeding AUD 3,000,000.
• Median Unit Prices: Units, while less common, also command high prices, often around AUD 1,500,000 or more.
• Rental Market: The median rent is high due to the suburb’s prestigious status, with houses typically renting for upwards of AUD 1,000 per week and units for around AUD 650 per week.
• Market Trends: The property market in Kooyong is characterised by high demand and limited supply, contributing to its consistently high property values.

Education and Lifestyle

• Schools: Schools are home to some of Melbourne’s most prestigious educational institutions, including private and public options.
• Local Vibe: Kooyong is known for its quiet, tree-lined streets, manicured gardens, and grand homes.
• Community Insights: The suburb is highly regarded for its safety, tranquillity, and high living standards.

Transportation

• Public Transport: Excellently serviced by the Kooyong railway station and various tram routes, offering convenient access to the CBD and other parts of Melbourne.

Notable Features

• Proximity to Recreational Facilities: Home to the Kooyong Lawn Tennis Club, known for hosting international tennis events.
• Recreational Areas: Boasts beautifully maintained parks and recreational areas, adding to the suburb’s serene environment.

Kooyong is one of Melbourne’s most prestigious and sought-after suburbs. Luxury homes, an exclusive community, and excellent amenities characterise it. This suburb is particularly attractive to those seeking a high standard of living, privacy, and easy access to the city’s best schools and recreational facilities.