Travancore

POSTAL CODE: VIC, 3032
UNIT

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $370,000.

Average median unit prices in VIC have risen as a whole, pulling TRAVANCORE, 3032 values up and netting property investors a capital gain of 4.96% for the past year.

Investors saw the median home price rise to $370,000.

The upward trend in home prices in TRAVANCORE, 3032 averaged 3.05% per annum over a 3-year period.

TRAVANCORE now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in TRAVANCORE are high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $525 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In TRAVANCORE, homes and units usually stay on listing for an average of 42.2 days.

96 properties were sold in TRAVANCORE in 2016, making it the 5th most active market in VIC based on total real estate transactions.

Surburb overview

Travancore, located approximately 5 kilometres northwest of Melbourne's Central Business District, is a small inner-city suburb in Moonee Valley. According to the 2021 Census, it has a population of 2,116 residents. 

The suburb's demographic profile is diverse, with a median age of 29. Households in Travancore are primarily composed of couples without children, reflecting its appeal to young professionals and students. The area has experienced significant population growth, increasing from 1,700 residents in 2011 to 2,502 in 2016 and reaching over 2,100 by 2021. 

Travancore is well-served by public transportation, offering residents convenient access to various parts of Melbourne. Tram route 59 runs through the suburb along Mount Alexander Road, connecting Travancore to the city centre and Melbourne Airport. Several bus routes operate through the suburb, enhancing connectivity to neighbouring areas and the broader Melbourne public transport network. 

The suburb features a variety of cafes, restaurants, and shops, particularly along Mount Alexander Road, contributing to its vibrant local economy. Travancore is home to several educational institutions, including primary and secondary schools, providing quality education options for families. Residents can access medical centres near significant hospitals, ensuring comprehensive healthcare services. 

Travancore offers various recreational opportunities. The suburb features several parks and green spaces, including Debney's Park and Travancore Park, providing areas for outdoor activities and community gatherings. Local centres offer programs and activities catering to diverse interests, fostering a strong sense of community. 

Travancore's blend of historical significance, cultural diversity, and modern amenities makes it a desirable location for residents seeking a vibrant urban lifestyle. 

You’re out of free articles for this month
Loading form...