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Travancore

POSTAL CODE: VIC, 3032
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,250,000.

The upward trend in home prices in TRAVANCORE, 3032 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $810 mark, reflecting a 3.37% increase in returns based on the current median price in TRAVANCORE.

An average of 0.83 real estate transactions take place per month in TRAVANCORE which translates to 10 per annum.

10 properties were sold in TRAVANCORE in 2016, making it the 751st most active market in VIC based on total real estate transactions.

TRAVANCORE, 3032 places th in Australia based on median property value growth during the quarter.

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. 

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