The Report - Inner North

2 T H E J E L L I S C R A I G R E P O R T

Inner North

The demand for property within Melbourne’s inner northern

suburbs is driven by:

— The need for medium density housing as the local population grows

— Historic low interest rates enabling buyers to access more

money, rebalancing the proportion of owner-occupiers within

the market

— The growing interest of young professionals who wish to rent or

buy homes closer to education, entertainment and employment

prospects

— The desire for detached and semi-detached inner city dwellings

for families who aspire to live close to high quality education,

transportation routes and residential communities

Melbourne’s inner north is known for its culturally rich

community, eclectic mix of residential housing and abundance

of lifestyle options. Proximity to high quality education, inner

city employment, entertainment and transportation routes is

particularly sought after by home owners and those looking

to invest.

Buyer interest extends across the inner north’s market, with

particular call for:

— Established and newly built apartments, townhouses and

terraces, with a particular desire for inner city warehouse

conversions

— Single and double-fronted period homes within walking distance

to schools, transportation links and close proximity to the city

— Prestige homes with historical or architectural significance

— Market entry opportunity for first home buyers

Welcome to the Jellis Craig Report. This report is designed to provide an insight into the key economic, demographic and sociocultural factors that currently affect the Melbourne property market, particularly for suburbs within Melbourne’s inner north.

This year’s report has defined the top five factors as:

1. The global liveability of Melbourne, which

continues to drive interest from abroad

2. Australia’s economic transition to a consumption

based open market experiencing slow growth

3. Record low cash rates and rising household

debt, which has led to tighter lending conditions

4. Changes to Australia’s foreign investment rules

and regulations

5. New developments that continue to

evolve in our city

As the Melbourne property market adapts to record low cash rates, new foreign investment regulations and revised lending conditions, Melbourne’s inner north has experienced a shift in the balance of owner-occupier and investor activity.

The property market in the inner northern suburbs will remain an attractive option for local and international buyers, however the changing environment has moderated price growth to a more sustainable level.

I N N E R N O R T H 3

Demand for residential property will continue throughout the Inner North.

1Global liveability of Melbourne

In 2015 Melbourne was named the world’s

most liveable city in The Economist’s Global

Liveability Ranking, for a fifth consecutive

year. The city scored 97.5 out of 100,

based on economic stability, access to

healthcare, cultural diversity, environmental

wellbeing, quality of education and

infrastructure.

Melbourne’s diverse population is estimated

at 4.35 million people, forecast to reach

8 million in 2051. Melbourne residents

come from 180 countries, speak over 233

languages and belong to more than 140

cultures. Immigration from China and India

accounted for 32% of overall population

growth in 2015, making Mandarin the

second most commonly spoken language

in Melbourne.

As overseas migration and foreign

investment interest increases, the real

estate sector is the largest foreign

investment type in Australia today. Foreign

investment approvals for Australian

residential real estate rose 75% to $61

billion in 2015, 36% of which was

accounted for by mainland China.

L O O K I N G A H E A D

As globalisation continues to strengthen the economic and financial integration of countries around the world, Melbourne has become

increasingly attractive for the investment and lifestyle opportunities offered. The world’s most global cities are interconnected, and serve

as local hubs with access to finance, production, trade and distribution of goods and services. The ability to meet these international demands

has become a crucial element that continues to drive population growth and foreign investment in Melbourne’s property market.

97.5100

Innovations in technology and the internet

have made it easier to research, locate and

transact international property, which is

expected to continue throughout 2016

as the Australian dollar remains low and

Melbourne continues to globalise.

International buyers will continue to seek

proximity to elite government and private

schools and drive demand for different

housing types, including apartments for

tertiary students, townhouses for one-child

families and larger homes for extended

families.

China will remain a dominant source of

investment, but interest from other Asian

countries such as India and Indonesia is

expected to increase.

Source: City of Melbourne, FIRB Annual Report 2014-15


Australia’s mixed market economy is largely

based on trade, manufacturing, services

and finance. In 2016, moderating global

growth and a slowing Chinese economy

is prompting further transition of the

Australian economy.

Latest forecasts from the Reserve Bank of

Australia (RBA) show economic growth is

expected to remain under 2.5% in 2016,

before a recovery of up to 3% over the next

two years.

This cautious outlook reflects the cooling

of the Chinese economy and has slowed

the demand for Australian exports, such as

primary resources and agricultural produce.

International investment in Australia is now

a significant contributor to the economy

and the outlook into 2017 remains

optimistic. The lower Australian dollar

combined with the sustained low interest

rate environment provides exceptional

value for investors, particularly those

attracted to commercial and residential

property markets.

O V E R S E A S I N V E S T M E N T A N D E C O N O M I C G R O W T H

In Australia, the real estate sector received

the largest portion of foreign investment,

valued at $96.9 billion across residential

and commercial real estate in financial year

2014-15. Residential real estate investment

approvals totalled $60.7 billion, 75% more

than last year.

China was the largest investor in Australian

commercial and residential real estate,

followed by the United States, Singapore,

Malaysia and Korea.

Source: FIRB, Annual Report 2014-15.

2Slowing Australian economy and its

potential impact on real estate

C H I N A$24.36 billion

K O R E A $2.5 billion

M A L A Y S I A $3.46 billion

S I N G A P O R E$3.86 billion

U S A$7.1 billion

M E L B O U R N E M E D I A N

H O U S E P R I C E : $713,000;

8.3% annual increase.

M E L B O U R N E M E D I A N

U N I T P R I C E : $525,000;

4.2% annual increase.

Source: REIV March 2016 Quarter


Stable economy

Freehold ownership availability

Sustained low-interest money market

Attractive business opportunities

High-quality lifestyle & clean environment

Proximity to Asia

High-quality & accessible educational

facilities

Relative value for money

D R I V E R S F O R I N T E R N A T I O N A L I N T E R E S TI N T E R N A T I O N A L I N T E R E S T I N M E L B O U R N E P R O P E R T Y I S B E I N G D R I V E N B Y

The swelling population of Victoria is driving the demand for housing, retail, education and the creation of new employment opportunities, particularly in the service and construction industries. As a result, the Victorian economy is less dependent on primary resources, than some other Australian states. Melbourne’s property market continues to attract the attention of Australian and international investors seeking both investment and lifestyle opportunities.

C O N T I N U E D I N T E R E S T I N M E L B O U R N E


The residential property market is moderating

to a more sustainable level of growth,

following a period of rapid price growth

in many areas. The ongoing demand for

residential property and the low cost of

finance, will see buyer confidence remain

positive throughout 2016.

While there is some debate about the supply

and demand balance for new apartments in

some areas of Melbourne, the demand for

well-located, high-quality residential property

will remain strong.

Melbourne will remain an attractive market

over the next 12 months, with buyers

benefiting from a slight shift away from the

strong ‘seller’s market’ of 2015. Interest

from international investors may moderate

as tighter Foreign Investment Review Board

(FIRB) controls come into play, however

Melbourne will remain highly attractive

to overseas buyers.

C O N C E N T R A T I O N O F O V E R S E A S I N T E R E S TI N M E L B O U R N E CBD

MOUNTWAVERLEY

BLACKBURN

BAYSIDE

ARMADALE

HAWTHORNBALWYN

DONCASTER

Source: Australian Government Department of Employment

31.2%

18.6%

10.0%

13.7%

19.9%

2.7%3.5%

0.4%

Agriculture, foresty & fishing

Finance & insurance

Manufacturing

Mineral exploration & developement

Services

Tourism

Residential real estate

Commercial real estate

Source: FIRB, Annual Report 2014-15.

F O R E I G N I N V E S T M E N T A P P R O V A L S B Y I N D U S T R Y S E C T O R 2 0 1 4 - 1 5


B A N K S T A N D A R D V A R I A B L E R A T E ( % )

Melbourne’s price growth has been

steadily increasing over the past three

decades. The median metropolitan house

price in 1985 was $80,200, and is now

$713,000.

M E L B O U R N E M E D I A N H O U S E P R I C E ( $ , 0 0 0 )

18

16

14

12

10

8

6

4

2

1985 1990 1995 2000 2005 2010 2015

800

700

600

500

400

300

200

100

Source: RBA 2015, AMP NATSEM Income and Wealth Report December 2015

3Household debt to income ratio

continues to rise

1985 1990 1995 2000 2005 2010 2015

Declining interest rates, low unemployment

and a strong economy have driven Australians

to take on more debt. The official RBA cash

rate dropped to 1.75% in May 2016.

For most Australians, the mortgage on their

home is the largest debt they will have in

their lifetime, and mortgage interest rates

have fallen from a peak of 16.5% in 1989

to the current level of 5-6%.

Australian households have more debt

compared to the size of the country’s

economy than any other in the world.

The ratio of household debt to disposable

income has almost tripled since 1988, from

64% to 185% in December 2015, reflecting

an annual growth rate of 5.3%, well above

the income growth rate of 1.3%.

D E B T I N C O M E R A T I O ( % )

1985 1990 1995 2000 2005 2010 2015

180

160

140

120

100

80

60

Source: RBA 2015, AMP NATSEM Income and Wealth Report December 2015 (note: dotted line denotes estimated debt to income ratio)

Source: REIV 2016


D E B T L E V E L S I N I N N E R N O R T H

Households with medium to high income

make up the largest proportion of the

population within the inner northern

suburbs.

Parents and homebuilders comprise 22%

of all households, followed by the young

workforce at 20%, and older workforce and

empty nesters at 19% which largely reflects

the proportion of home ownership versus

rental dwellings in the area.

32%I N N E R N O R T H

RENTINGOWNED WITH

MORTGAGE

Source: ABS Census 2011, .iD Consulting Pty Ltd 2015

27%

OWNED OUTRIGHT

34%

L O A N S T O I N V E S T O R S

5.1% L O A N S T O O W N E R - O C C U P I E R S

8.3%

H O U S I N G C R E D I T G R O W T H

A N N U A L G R O W T H

A N N U A L G R O W T H

Source: ABS Housing Finance Australia, March 2016, RBA


From late-2013 to mid-2015, investors

accounted for about 40% of all loan

approvals in Australia, however investor

activity has subsided significantly in 2016.

Mortgage approvals to owner-occupiers

jumped 13.2% to $13.8 billion this year,

which excludes refinancing existing

dwellings. The changing nature of lending

suggests an emerging shift to a more

balanced market with increased owner-

occupier activity.

Australian banks are implementing tighter

lending conditions in response to the

Australian Prudential Regulation Authority

(APRA) review, which imposes stricter loan

to value ratios and criteria for local and

international investors. As a result it is

expected price growth will ease for some

parts of Melbourne’s property market over

the next 12 months.

The current low interest rate environment

is expected to continue throughout 2016,

stimulating the property market with the

low cost of borrowing money to finance the

purchase of dream homes and investment

properties.

However, it is prudent for both investors and

home buyers to take a longer term view, by

planning for rate rises in future years. Every

0.25% increase in interest rates would see

a significant impact on the disposable

income of Australian households.


C H I N A’ S R E C E N T R E S T R I C T I O N S F O R F O R E I G N I N V E S T O R S

4Changes to foreign investment

rules and regulations

While Australia has become the second

most popular market for Chinese property

investors after the US, China has recently

introduced new international investment

controls in response to the current

slowdown in economic growth. Designed

to decelerate the level of capital outflow

from the Chinese economy, those wanting

to invest in Australia now need to comply

with new restrictions.

International investment into the Australian housing market has changed the way residential real estate is perceived within the global context.

Demand for Australian housing is driven by the sustained low-interest money market and competitive currency, which has made local real estate

prices relatively cheaper to international investors than to local buyers.

The desire for international investment by a growing middle class in China, Singapore and Malaysia has strengthened the level of capital

investment into Australia, prompting a review of Australia’s foreign investment framework.

The latest annual report of Australia’s FIRB

shows Chinese were the largest investors in

2015, with approved real estate investment

worth $24 billion. In response to the falling

yuan and prevention of capital outflow, the

Chinese government has limited individuals

to moving the equivalent of US$50,000 out

of the country each year.

C H A N G E S T O F O R E I G N I N V E S T M E N T F R A M E W O R K

The Australian Government has also

recently introduced changes to Australia’s

foreign investment framework to restore

the enforcement and compliance of laws

that govern foreign investment into local

real estate.

¥¥

¥

M E L B O U R N EV I C T O R I A

Source: FIRB 2016



Source: FIRB Annual Report 2014-15.

As Melbourne’s property market moderates

and the Chinese economy slows, international

investment in Australia is likely to decelerate

as offshore buyers become more cautious of

increased regulations and reforms.

APPLICATION FEES , STRICTER PENALTIES AND INCREASED REGUL ATION

Current laws encourage foreign investors to

buy homes before they are built, generating

new housing supply. In support of this,

foreign investors are required to apply to

the FIRB prior to expressing an interest to

purchase residential property.

The Australian Taxation Office (ATO) has

also implemented a more thorough review

process to ensure the appropriate fees are

paid before applications are processed.

10% NON-F INAL WITHHOLDING TAX PAYMENT FOR $2M+ PROPERT Y SALES

The Australian government has introduced

a 10% non-final withholding tax, which will

be applied to foreign residents who sell

land, buildings, residential and commercial

property in excess of $2 million. The tax

will come into effect from 1 July 2016,

after which point 10% of a sale price will be

withheld and paid to the ATO.

ADDITIONAL STAMP DUT Y FOR FOREIGN BUYERS TO INCREASE TO 7%

When property is purchased or acquired

in Victoria, land transfer duty, otherwise

known as stamp duty, must be paid.

Foreign investors who purchase or acquire

residential property are currently required

to pay an additional duty of 3%, which will

increase to 7% for purchases made on or

after 1 July 2016.

$

Source: ATO Fact Sheet 2015, FIRB Tax Conditions, State Revenue Office May 2016

$5.41 billion

Approved for new dwellings

$4.71 billion

Approved for existing properties

$0.84 billion

Approved for redevelopment

$1.26 billion

Approved for vacant land

$12.85 billion

Approved for development

FOREIGN INVESTMENT APPROVAL FOR VICTORIAN RESIDENTIAL REAL ESTATE

IN FINANCIAL YEAR 2014-15

International investment remains an

important element of the Australian

economy, and it is expected that the lower

Australian dollar in conjunction with the

low cash rate will support commercial and

residential property markets into 2017.

Melbourne will continue to offer attractive

opportunities for investors.


59% of Melbourne’s population growth in

the last decade has come from overseas

migration, and 36% of households within

the inner northern suburbs speak a

language other than English, with Italian,

Greek and Arabic comprising the top three.

36%Melbourne’s population is expected to rise

to 8 million by 2051, stimulating significant

urban renewal within the inner city and

middle-ring suburbs.

Investment in Melbourne’s rail system is

a crucial development as living density

increases. Trips on metro trains are

expected to double to 1.5 million every

weekday by 2031.

Housing density across Melbourne’s inner

north is changing in line with current and

forecast population growth.

In the inner suburbs, demand for higher-

density living is adding many new high-rise

apartment blocks to the skyline. In the

middle suburbs, medium-density living is

gradually replacing the traditional quarter-

acre block, particularly near transport and

retail hubs.

In addition, urban renewal is taking place

across many of Melbourne’s inner suburbs,

leading to increased gentrification of

suburbs previously used as industrial or

commercial spaces.

8m

5Our evolving city

O U R C H A N G I N G C I T Y

1.5m

Source: ABS Census 2011, City of Melbourne, iD Consulting Pty Ltd


L O C A L P R O J E C T S O N T H E H O R I Z O N

Pentridge Coburg village apartments

Plans to develop the former Pentridge

Prison are set to proceed, with 14 new

buildings to cover the 65,000 square metre

site, dedicating approximately 16,900

square metres to parkland. The Pentridge

vision is to create a vibrant, well-designed

urban village complete with housing, retail,

community areas and open public spaces.

The value of building approvals within the

inner north was $1.3 billion in the financial

year to date, and the number of residential

dwellings is expected to increase by an

average of 874 dwellings per year.

Improved community facilities within the

inner north

Works are under way to improve the public

facilities and open space within Northcote,

including the Batman Park Landscape

upgrade, Bill Lawry Oval and Oldis Gardens

plan. As part of these works new park

furniture has been installed, along with

bins, BBQ facilities and a toilet block.

The Preston junction urban master plan will

also see a lively and pedestrian friendly area

for the growing number of people who live,

work and visit the local area.

Inner North fast facts

11,000 residents walk or ride

a bike to work.

One-in-three people living in the

inner northern suburbs is Gen Y

(aged 21 to 35).

Brunswick East, Moonee Ponds

and Preston West are forecast

for the greatest increase in

residential developments over

the next 10 years.

Source: ABS Census 2011,

.iD Consulting Pty Ltd

Source: Urban Melbourne, City of Moreland Source: City of Darebin

Gen Y


There will be an increased desire by

residents to access local services and

amenities by walking or cycling, rather than

the ‘highway life,’ which requires a strong

reliance on cars and parking.

With higher density and less indoor space,

the demand for local amenities, public

recreation space and parkland will increase.

Shared spaces will not only be in the

outdoor public places. New high-density

apartments will increasingly provide shared

recreation spaces, including BBQ areas,

gyms and swimming pools.

Commuters will look to alternate methods

of transport to access their places of

employment, and the demand for shorter

commute times will continue to grow.


Inner North snapshot

P O P U L A T I O N G R O W T H F O R E C A S T

2016

137,8892036

262,972CHANGE 2016-36

+90.71%

C I T Y O F M E L B O U R N E ( N O R T H E R N I N N E R C I T Y )

L A N D A R E A37.6 km2

P O P U L A T I O N D E N S I T Y2886 people / km2

T O P F I V E S U B U R B S B Y P R O J E C T E D P O P U L A T I O N C H A N G E 2 0 1 6 - 3 6 ( % )

T O P F I V E S U B U R B S B Y C U R R E N T M E D I A N H O U S E P R I C E ( $ , 0 0 0 , 0 0 0 )

T O P F I V E S U B U R B S F O R P R I C E G R O W T HGrowth by % increase in median price over the past 12 months

Source: REIV March 2015-16

I N N E R N O R T H I N N E R N O R T H

Parkville

$1.62mAlphington

$1.39mPrinces Hill

$1.35mFitzroy

$1.30Carlton

$1.26m

Source: .iD Consulting Pty Ltd, City of Melbourne

Source: .iD Consulting Pty Ltd



2016

120,8372036

149,311CHANGE 2016-36

+23.56%

C I T Y O F M O O N E E V A L L E Y





2016

172,8162036

214,320CHANGE 2016-36

+24.02%

C I T Y O F M O R E L A N D




CITY OF MOONEE VALLEYCITY OF MELBOURNE

+77.3%

+57.7%

+13.4%

+54.9%

+43.4%

+18.5%

+63.4%

+23%

+18.8

+21.2%

20162036

CITY OF DAREBINCITY OF MORELAND

+21.3%

+24.3%

+27.4%

+55.4%

+17.8%

+61.5%

+56.2%

+21.9%+

+34.6%

20162036

20162036

20162036

CITY OF YARRA

+133.2%

+79.7%

+57.7%

+43.0%

+34.4%0 300,000 600,000

Alphington

Carlton

Brunswick East

North Melbourne

Fairfield

INNER NORTH

+29.3

+27.3%

+24.5%

+18.2%

+17.4%

0 10,000 20,000 30,000

Parkville

Carlton

West Melbourne

Kensington

North Melbourne

0 10,000 20,000 30,000

Coburg North

Brunswick West

Brunswick

Coburg

Brunswick East

0 10,000 20,000

North Richmond

Abbotsford

Collingwood

Cremorne- Burnley

Fairfield- Alphington

0 20,000 40,000 60,000

Reservoir

Northcote

Bundoora - Macleod

Preston

Preston West

201620360 10,000 20,000 30,000

Flemington- Travancore

Niddrie- Essendon West

Essendon- Essendon North

Avondale Heights

Moonee Ponds

+30.2%


+77.3%

+57.7%

+13.4%

+54.9%

+43.4%

+18.5%

+63.4%

+23%

+18.8

+21.2%

20162036


+21.3%

+24.3%

+27.4%

+55.4%

+17.8%

+61.5%

+56.2%

+21.9%+

+34.6%

20162036

20162036

20162036

CITY OF YARRA

+133.2%

+79.7%

+57.7%

+43.0%

+34.4%0 300,000 600,000

Alphington

Carlton

Brunswick East

North Melbourne

Fairfield

INNER NORTH

+29.3

+27.3%

+24.5%

+18.2%

+17.4%

0 10,000 20,000 30,000

Parkville

Carlton

West Melbourne

Kensington

North Melbourne

0 10,000 20,000 30,000

Coburg North

Brunswick West

Brunswick

Coburg

Brunswick East

0 10,000 20,000

North Richmond

Abbotsford

Collingwood

Cremorne- Burnley


0 20,000 40,000 60,000

Reservoir

Northcote

Bundoora - Macleod

Preston

Preston West

201620360 10,000 20,000 30,000




Avondale Heights

Moonee Ponds

+30.2%


+77.3%

+57.7%

+13.4%

+54.9%

+43.4%

+18.5%

+63.4%

+23%

+18.8

+21.2%

20162036


+21.3%

+24.3%

+27.4%

+55.4%

+17.8%

+61.5%

+56.2%

+21.9%+

+34.6%

20162036

20162036

20162036

CITY OF YARRA

+133.2%

+79.7%

+57.7%

+43.0%

+34.4%0 300,000 600,000

Alphington

Carlton

Brunswick East

North Melbourne

Fairfield

INNER NORTH

+29.3

+27.3%

+24.5%

+18.2%

+17.4%

0 10,000 20,000 30,000

Parkville

Carlton

West Melbourne

Kensington

North Melbourne

0 10,000 20,000 30,000

Coburg North

Brunswick West

Brunswick

Coburg

Brunswick East

0 10,000 20,000

North Richmond

Abbotsford

Collingwood

Cremorne- Burnley


0 20,000 40,000 60,000

Reservoir

Northcote

Bundoora - Macleod

Preston

Preston West

201620360 10,000 20,000 30,000




Avondale Heights

Moonee Ponds

+30.2%

$ $ $ $ $


+77.3%

+57.7%

+13.4%

+54.9%

+43.4%

+18.5%

+63.4%

+23%

+18.8

+21.2%

20162036


+21.3%

+24.3%

+27.4%

+55.4%

+17.8%

+61.5%

+56.2%

+21.9%+

+34.6%

20162036

20162036

20162036

CITY OF YARRA

+133.2%

+79.7%

+57.7%

+43.0%

+34.4%0 300,000 600,000

Alphington

Carlton

Brunswick East

North Melbourne

Fairfield

INNER NORTH

+29.3

+27.3%

+24.5%

+18.2%

+17.4%

0 10,000 20,000 30,000

Parkville

Carlton

West Melbourne

Kensington

North Melbourne

0 10,000 20,000 30,000

Coburg North

Brunswick West

Brunswick

Coburg

Brunswick East

0 10,000 20,000

North Richmond

Abbotsford

Collingwood

Cremorne- Burnley


0 20,000 40,000 60,000

Reservoir

Northcote

Bundoora - Macleod

Preston

Preston West

201620360 10,000 20,000 30,000




Avondale Heights

Moonee Ponds

+30.2%




P O P U L A T I O N M O V E M E N T



2016

151,5742036

192,142CHANGE 2016-36

+26.76%

C I T Y O F D A R E B I N





2016

88,1202036

117,036CHANGE 2016-36

+32.81%

C I T Y O F Y A R R A




Moonee Valley -

Essendon

Moonee Valley -West

Moreland -North

Moreland -Coburg

Moreland -Brunswick

Maribyrnong

Macedon Ranges

Melton

Brimbank

Wyndham

Hobsons Bay

Barwon

Overseas S.E. Queensland

Yarra

Whittlesea

Darebin

Hume

Melton

Maribyrnong

Wyndham

Moonee Valley

Perth Overseas

Yarra Melbourne

C I T Y O F M O O N E E V A L L E Y C I T Y O F M O R E L A N D

N E T M I G R A T I O Nmovement of persons

125 - 249

250 - 499

500+

dotted line denotes outflow


200 - 299

300 - 799

800+


+2,500

+500

+4,100

+5,150

+3,400


+77.3%

+57.7%

+13.4%

+54.9%

+43.4%

+18.5%

+63.4%

+23%

+18.8

+21.2%

20162036


+21.3%

+24.3%

+27.4%

+55.4%

+17.8%

+61.5%

+56.2%

+21.9%+

+34.6%

20162036

20162036

20162036

CITY OF YARRA

+133.2%

+79.7%

+57.7%

+43.0%

+34.4%0 300,000 600,000

Alphington

Carlton

Brunswick East

North Melbourne

Fairfield

INNER NORTH

+29.3

+27.3%

+24.5%

+18.2%

+17.4%

0 10,000 20,000 30,000

Parkville

Carlton

West Melbourne

Kensington

North Melbourne

0 10,000 20,000 30,000

Coburg North

Brunswick West

Brunswick

Coburg

Brunswick East

0 10,000 20,000

North Richmond

Abbotsford

Collingwood

Cremorne- Burnley


0 20,000 40,000 60,000

Reservoir

Northcote

Bundoora - Macleod

Preston

Preston West

201620360 10,000 20,000 30,000




Avondale Heights

Moonee Ponds

+30.2%


+77.3%

+57.7%

+13.4%

+54.9%

+43.4%

+18.5%

+63.4%

+23%

+18.8

+21.2%

20162036


+21.3%

+24.3%

+27.4%

+55.4%

+17.8%

+61.5%

+56.2%

+21.9%+

+34.6%

20162036

20162036

20162036

CITY OF YARRA

+133.2%

+79.7%

+57.7%

+43.0%

+34.4%0 300,000 600,000

Alphington

Carlton

Brunswick East

North Melbourne

Fairfield

INNER NORTH

+29.3

+27.3%

+24.5%

+18.2%

+17.4%

0 10,000 20,000 30,000

Parkville

Carlton

West Melbourne

Kensington

North Melbourne

0 10,000 20,000 30,000

Coburg North

Brunswick West

Brunswick

Coburg

Brunswick East

0 10,000 20,000

North Richmond

Abbotsford

Collingwood

Cremorne- Burnley


0 20,000 40,000 60,000

Reservoir

Northcote

Bundoora - Macleod

Preston

Preston West

201620360 10,000 20,000 30,000




Avondale Heights

Moonee Ponds

+30.2%


P O P U L A T I O N M O V E M E N T

C I T Y O F Y A R R A


150 - 299

300 - 599

600+


Yarra

Moreland

Overseas

+6,200

Maribyrnong

Whittlesea

Hobsons Bay

Wyndham

Perth

Brimbank

Darebin

Banyule

ACT

S.E. Queensland

Sydney

Manningham

Monash

Melbourne

Adelaide

-1,100

-1,600


C I T Y O F D A R E B I N


125 - 249

250 - 599

600+


Mitchell

Banyule

Melton

Hume Whittlesea

Nillumbik

Loddon

Brimbank

Wyndham

Darebin -Northcote

Darebin -Preston

Moreland

Sydney

Boroondara

Stonnington

Port Phillip

Overseas

Melbourne

Yarra

-1,150

+1,100

-3,200

+3,450

+8,350


E X C E P T I O N A L P R O P E R T Y S A L E S

73 Holmes Road, MOONEE PONDS

39 Wolseley Parade, KENSINGTON

21 Vauxhall Road, NORTHCOTE

8/27-29 Hodgson Street, BRUNSWICK

10 Milverton Street, MOONEE PONDS

11 Byron Street, COLLINGWOOD

21 Mansfield Street, THORNBURY

3 Meaker Avenue BRUNSWICK WEST 105 Shaftsbury Parade, COBURG

36 South Street, ASCOT VALE

11 Tower Avenue, ALPHINGTON

484 Victoria Street, BRUNSWICK WEST

SOLD SOLD SOLD

SOLD SOLD SOLD

SOLD SOLD SOLD

SOLD SOLD SOLD

‘The Report’ has been prepared by Jellis Craig in good faith, as a general guide to the performance and outlook for particular areas of the Melbourne real estate market. The data and information provided in ‘The Report’ is provided by third parties for information purposes only and does not constitute advice or recommendations. It does not intend to predict future performance of particular suburbs, areas, properties or property types. You should consider your personal circumstances and obtain independent professional advice before making

any financial or investment decisions.

jelliscraig.com.au

Date post:	03-Aug-2016
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The Report - Inner North

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