VIC Inner city ring Melbourne

Discussion in 'Where to Buy' started by MTR, 6th May, 2016.

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  1. MTR

    MTR Well-Known Member Premium Member

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    Just want to pick your brain, what are the areas of Melb, inner ring, that are desirable/charming, have great atmosphere. What suburbs would you look at and why?

    I am trying to work our what makes these areas tick, and am looking at perhaps moving in very near future? Perhap a period home that needs a complete Reno. Forget price range for the moment, just narrowing areas that may suit, I like vibrant areas, ie cafes, restaurants, parks, markets

    My pick so far and still looking

    Prahran
    North Fitzroy
    Hawthorn
    Clifton Hill
     
  2. Cactus

    Cactus Well-Known Member

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    Abbotsford - convent and Yarra
    Richmond - Yarra Cafes food
    Prahran - same
    Albert Park - food lake beach
    Middle Park - families beach parks
    St Kilda - quirky food beach
    South Melbourne - city
     
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  3. Jingo

    Jingo Well-Known Member

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    Northern Suburbs - East Brunswick, Carlton North, North Melbourne
     
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  4. MTR

    MTR Well-Known Member Premium Member

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    In terms of units/apartments what would you target for growth?

    Seems to be many larger apartments

    mtr
     
  5. BobTheBuilder

    BobTheBuilder Member

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    Thanks for your posts MTR - I'm learning a lot from reading them.

    Not sure if this item is still current for you, but here are a few more ideas that might help:

    Fitzroy: Cafe central, edgy, old warehouses madly being infilled
    Northcote: Hipster capital of Australia. Similar to Fitzroy but blocks (and setbacks) are bigger
    East Brunswick: Family version of Northcote. Further from cafes, but still pretty hip
    Footscray: One to watch. Traditionally working class/migrant area, but with hipsters moving in.

    For a family home / reno I'd be buying a 1950's boring brick veneer on a large block near the creek in East Brunswick.

    BTW: I'm a long-term inner Melb resident and have been watching the shifts for 20+ years. Happy to answer any questions.
     
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  6. MTR

    MTR Well-Known Member Premium Member

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    Thanks for sharing, am always looking

    Do you see any suburb representing good value at the moment???
     
  7. The Y-man

    The Y-man Moderator Staff Member

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    Probably Essendon as well.

    Prahran is definitely cool.

    Also look at Hawthorn/Surry Hills/ Mont Albert band.

    Doncaster/Donny East/Donvale may be on the cusp of slowing.

    Went to have a look at a big 6BR 2.5 storey house on 800 sqm in Donc East the weekend before - crickets at the open - not a single other person than a lonely agent at the open.

    We thought fair val about $2m, but they are only asking 1.8~1.9 which we think is good buying. A house on 788sqm 3BR single level (fully reno'ed) sold for $1.6m+ a few weeks before.

    Crazy that they are doing the "contact agent" thing - would have much more interest if people knew it was sub $2m.

    The Y-man
     
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  8. Amber83

    Amber83 Well-Known Member

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    Thornbury has a great vibe,lots of cool cafes,bars and shops on high street.gone up heaps in value the last few years.brunswick east is cool,it has the ceres environmental park which is wonderful.i also like northcote,Collingwood and north Fitzroy although the last two are very dense and there lots of traffic.abbotsford and Clifton hill are nice too
     
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  9. Ouchmyknees

    Ouchmyknees Well-Known Member

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    Prahran:it is a very hipster area, I think it is more suitable for young professionals and couples with no kids. If you go to Coles/woolies in Prahran on a week day around 6pm you will see A LOT of very hot 20-30 yo in active wear.
    Footscray/Seddon/Yarraville: these are three consecutive suburbs on the Williamstown line. Each have its unique characteristics. Footscray has lots of great Vietnamese restaurants and is becoming more hipster. Seddon is highly residential but have lots of cafes which are filled with young families in the weekend. Yarraville is very bohemian and has larger village with lots of Italian restaurants.

    Why don't you stay in an Airbnb in one of the suburbs you are interested for a few days to experience it first hand?
     
  10. Otie

    Otie Well-Known Member

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    Suburbs I daydream about renting in when our kids finish school and we can rent out our PPOR and move to the city:

    Prahan
    South Yarra
    Clifton Hill
    St Kilda
     
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  11. Otie

    Otie Well-Known Member

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    To be honest I see good value in a lot of inner city stuff, although all are way out of my budget, in comparison to what’s happening in the outer suburbs, it represents good value to me when you see normal family homes in Pakenham pushing 800k, western suburbs 700-1mil, city looks good!
     
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  12. Otie

    Otie Well-Known Member

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    I like Richmond too just for the food, and the quirkiness without being as out there as Brunswick. I love Asian food. My husband hates Richmond and would never live there though. It has very pretty terrace housing stock in the back streets and very cool warehouse style stock too.
     
  13. MTR

    MTR Well-Known Member Premium Member

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    I must say South Yarra is at the top of my list, ticks every box
    Don't get much for your money in this suburb.
     
  14. melbournian

    melbournian Well-Known Member

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    someone of your stature should be staying in Albert park, Middle park or port Melbourne. Cottages close to the beach and less traffic.

    South yarra is great - though certain hours is quite hard to get out due to traffic congestion.
     
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  15. The Y-man

    The Y-man Moderator Staff Member

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    I was going to say Springvale and Dandenong are much more "vibrant"! :D

    The Y-man
     
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  16. melbournian

    melbournian Well-Known Member

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    well depends how much you like pho or banh mi :)
     
  17. The Y-man

    The Y-man Moderator Staff Member

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    We'll compromise and go with @Otie - Richmond - inner ring, vibrant - although no true "market" but mini Ben Thanh will have to do

    [​IMG]

    For those who don't know the real deal below: :)

    [​IMG]

    The Y-man
     
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  18. Otie

    Otie Well-Known Member

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    Hmm I’d never noticed that but had never looked. We are off to HCM for the first time next year so I now actually know what Ben Tanh is lol
     
  19. MTR

    MTR Well-Known Member Premium Member

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    I dont actually get why people Love Port Melbourne, it seems to lack atmosphere, or perhaps I am missing something ?? in the wrong pocket don't know??
     
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  20. The Y-man

    The Y-man Moderator Staff Member

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    Sea, beach, proximity to CBD and other indsutries in P Melb itself (v easy commute)

    Also seen as very "safe" in terms of "walk at night" factor.

    The Y-man
     
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