Moreland LGA- Northern suburbs of Melbourne
Proximity to the CBD, good transport links and a major education/employment hub are among the core factors driving the Moreland City property market.
The area is easily accessed by Citylink, is well serviced by two Metro train lines and is close to both Essendon and Tullamarine airports.
Also important is its connection to the education and medical employment hub of Parkville which engages tens of thousands of people, including 10,000 professionals and 7,000 students in the Biomedical Precinct - while over 100,000 students attend the University of Melbourne and RMIT University.
Buyer demand and property prices have shown resilience in the face of the general Melbourne downturn and have good long-term prospects. Apartments remain affordable and are in a suitable price range for first home buyers, especially those who qualify for assistance under the federal government’s new first home buyers scheme.
Moreland City has a higher-than-average number of renters and provides solid rental returns for apartments.
This report covers the suburbs of Brunswick , Brunswick East, Brunswick West, Coburg, Coburg North, Fawkner, Glenroy, Gowanbrae, Hadfield, Oak Park, Pascoe Vale and Pascoe Vale Sth.
Moreland LGA was Hotspot of the Week on November 19th 2019