All About Docklands, Melbourne, VIC, 3008

Docklands is a suburb within central Melbourne, Victoria. Sitting on the banks of the River Yarra, Docklands first began to be developed in the 1880s, quickly being converted from barren swampland into a busy dock servicing central Melbourne. With the rise of container ships and cargo planes, Docklands fell into disuse and saw a decline in popularity. However, in the late 1990s the construction of the Docklands Stadium drew attention back to the region and it quickly became a fashionable place once more, attracting a number of national and regional headquarters of major companies along with the development of a number of high-rise apartment blocks. Perhaps best known for the stunning contemporary architecture that decorates the municipality, the area is still undergoing heavy development.

Located just 2 kilometres from Melbourne’s central business district and situated right on the banks of the Yarra, Docklands’ position within the city is a major component of its allure to those seeking to buy property close to the heart of Melbourne. Peppered with public art and well-connected via the Docklands highway and Southern Cross station, the suburb is becoming increasingly sought-after, with development in the area continuing in earnest. With beautiful views over the Yarra river, this bustling, rapidly growing suburb is full of promise for those looking to buy property in inner Melbourne.

Docklands Real Estate Market Outlook

Thinking about buying in Docklands? Now could not be a better time, with 28672 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,036,000 with prices in this suburb ranging from $54,000 to $13,419,000. Docklands is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Docklands ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Docklands classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Docklands necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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