Darebin LGA- Northern suburbs of Melbourne
The economy in the City of Darebin now revolves around education and training, having transitioned away from its blue collar roots that ruled up until a decade ago. Local residents are well-educated and affluent.
Several precincts within the City have been identified as Major Activity Centres by the State Government and will be the focus of future development, supported by serious population growth over the next 20 years. This in turn will drive demand for housing.
The education-medical precinct of La Trobe University is a major employment node, while light industrial parks remain a feature of the employment landscape.
The long-term growth rates for houses are strong while units across Darebin City are particularly affordable and cater to a high percentage of renters. These elements, combined with low vacancies, create good opportunities for investors with a long-term outlook.
This report covers the suburbs of Bundoora, Coburg, Coburg North, Fairfield, Kingsbury, Macleod, Northcote, Preston, Reservoir and Thornbury.