All About Hawthorn, Boroondara, VIC, 3122

Hawthorn, located in the Boroondara area of Victoria, presents a vibrant and dynamic housing market characterized by a blend of historic charm and modern living. The suburb is well-regarded for its tree-lined streets and period homes, including Victorian and Edwardian architecture, which contribute to its enduring appeal. More recently, a wave of contemporary developments has added diversity to the housing stock, attracting young professionals, families, and investors alike. The demand in Hawthorn remains robust due to its strategic location, just a short commute from Melbourne's Central Business District, and its proximity to reputable schools and universities like Swinburne University of Technology. As of recent reports, property prices in Hawthorn continue to maintain strength, reflective of the suburb's desirability and the overall buoyancy of the Melbourne market. However, potential buyers and renters should be prepared for competitive prices, particularly for properties with historical significance or those offering modern comforts and amenities.

Living in Hawthorn offers residents a unique blend of urban and suburban experiences. The suburb is known for its bustling commercial precincts, such as Glenferrie Road, which is dotted with an array of cafes, boutique shops, and restaurants. This creates a vibrant community atmosphere, with plenty of opportunities for socializing and leisure. The area is well-served by public transportation, with several train stations and tram lines making it easy to navigate to and from Melbourne's city center. Beyond the convenience and accessibility, Hawthorn also boasts an abundance of green spaces and parklands, such as the expansive Yarra River trails and St. James Park, providing locals with peaceful retreats for relaxation and recreation. The community is diverse, with a blend of students, young professionals, families, and older residents, adding to the suburb’s rich cultural tapestry. Overall, Hawthorn offers a balanced lifestyle, appealing to those who value a mix of tradition, modernity, and community spirit in an urban setting.

Hawthorn Real Estate Market Outlook

Thinking about buying in Hawthorn? Now could not be a better time, with 17640 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,979,000 with prices in this suburb ranging from $90,000 to $35,091,000. Hawthorn is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Hawthorn driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Hawthorn 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 Hawthorn 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. High density population in Hawthorn requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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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