Ivanhoe

POSTAL CODE: VIC, 3079
HOUSE
UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 9.29% capital gain.

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 $1,912,500.

Profits due to an upward trend in home prices there averaged 3.1% per annum over a 3-year period.

Home owners selling their properties and realtors in IVANHOE usually have to wait an average of 63.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $800 mark, reflecting a 2.18% increase in returns based on the current median price in IVANHOE.

IVANHOE, 3079 places 596th in Australia based on median property value growth during the quarter.

Surburb overview

Ivanhoe, located approximately 9 kilometres northeast of Melbourne's Central Business District, is a suburb within the City of Banyule, Victoria. As of the 2021 census, it has a population of 13,374 residents.

Its hilly terrain and leafy streets characterise the suburb. It offers various architectural styles, including Victorian and Edwardian homes and modern apartments. Ivanhoe is known for its affluent community and well-preserved historical buildings.

The main commercial area is around Upper Heidelberg Road, which features a variety of cafes, restaurants, boutiques, and essential services. Notably, "The Centre Ivanhoe," formerly the Heidelberg Town Hall, is an iconic Art Deco building and a prominent landmark in the area.

Public transportation in Ivanhoe is well-developed. Two railway stations, Ivanhoe and Darebin, are on the Hurstbridge line and provide access to Melbourne's city centre. Additionally, several bus routes service the area, enhancing connectivity to neighbouring suburbs.

Ivanhoe offers a range of housing options. The median property price is approximately $1,850,000, and annual capital growth is 8.82%. House rental yields are around 1.94%.

Ivanhoe's blend of historical charm, accessible amenities, and peaceful atmosphere contributes to its appeal as a residential suburb in Melbourne's inner northeast.

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