CITY OF HUME - Northern Suburbs of Melbourne, VIC
The Hume LGA in Melbourne’s north is one of the most active property markets in the metropolitan area.
Sales activity is elevated, vacancies are low in most areas and many suburbs have recorded median price growth above 10% in the past 12 months. Several have grown more than 20%, while two have exceeded 30%.
This precinct has a strong future as a key component of the Melbourne economy.
Broadmeadows is designated to become a key hub in the Hume Growth Corridor and northern Melbourne sub-region, serving a forecast population of 770,000 by 2030 under the State Government’s key planning strategy.
As Melbourne develops and grows, people are moving further out to find affordable and enjoyable living options within commuting distance of major jobs nodes, which are now emerging in the City of Hume.
The City of Hume remains a relatively affordable option and can expect further benefits from government spending and improved infrastructure in coming years.
This report covers Broadmeadows, Campbellfield, Craigieburn, Fawkner, Gladstone Park, Greenvale, Meadow Heights, Roxburgh Park, Tullamarine and Westmeadows.
The City of Hume was our Hotspot of the Week on 17 July 2018.