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Middle Park

POSTAL CODE: VIC, 3206
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Homeowners and real estate investors betting on MIDDLE PARK, 3206 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.52%.

A steady increase in median property prices over a five-year period in the suburb translates to a 7.78% capital gain.

Property investors in MIDDLE PARK enjoyed capital gains of 13.52% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $2,910,000.

Profits due to an upward trend in home prices there averaged 2.59% per annum over a 3-year period.

Home owners selling their properties and realtors in MIDDLE PARK usually have to wait an average of 109.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $900 mark, reflecting a 1.61% increase in returns based on the current median price in MIDDLE PARK.

MIDDLE PARK, 3206 places 38th in Australia based on median property value growth during the quarter.

Surburb overview

Middle Park is an inner bayside suburb of Melbourne, located about 3 kilometres south of the central business district within the City of Port Phillip. It sits between Albert Park and St Kilda, directly along the Port Phillip coastline, and is known for its village atmosphere and well-preserved heritage character.

The suburb has a population of around 4,000 residents, with a demographic profile that includes professionals, established households and long-term residents. Housing in Middle Park is predominantly Victorian and Edwardian terraces, many of which have been renovated, along with a limited number of low-rise apartments.

Public transport is a defining feature, with several tram routes running along major streets such as Beaconsfield Parade and Armstrong Street, providing direct access to Melbourne’s CBD and neighbouring suburbs. 

There is no railway station in Middle Park; the nearest heavy rail stations are Southern Cross and Flinders Street. Road access is supported by Beaconsfield Parade and Canterbury Road, linking the suburb to central Melbourne and the broader bayside area. 

Local retail activity is centred around Armstrong Street and nearby precincts, offering cafes, small shops and essential services. Middle Park benefits from significant recreational and environmental assets, including its beachfront along Port Phillip, which supports swimming, walking and cycling.

It is also adjacent to Albert Park, providing access to large open spaces, sporting facilities and Albert Park Lake. The suburb’s streetscapes, featuring tree-lined avenues and heritage architecture, contribute to its distinct character and local amenity.

Middle Park developed during the late 19th century as a residential area associated with Melbourne’s early urban expansion. Planning controls continue to emphasise heritage preservation, low-rise development, and the maintenance of the suburb’s established built form.

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