Buyer's Agent Services for Inner Melbourne


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Inner Melbourne Property Research and Statistics

Client Types We Assist

Information about buyers advocates

Buying in Inner Melbourne

As a local, trusted buyer’s advocate, Secret Agent’s goal is to provide you with the information you need to make an informed purchase within the inner Melbourne market. This short guide provides an insight into each inner region and suburb, property types and the nature of the property cycle.


About inner Melbourne's suburbs




About Melbourne's inner regions


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  • Central

    CBD, Docklands, Southbank

    Around the inner city, new apartment developments are common. Warehouse and Art Deco apartments are harder to find, and often come with a premium.

    Properties in this region are usually smaller than average, and are relatively affordable.

  • Inner North

    Brunswick, Brunswick East, Carlton, Carlton North, Clifton Hill, Collingwood, Fitzroy, Fitzroy North, Northcote, North Melbourne, Parkville, Princes Hill

    The inner North can be divided into several pockets: gentrifying, established and youthful. As a whole region, prices are average, with some exceptions.

    Home to many universities, the northern region has a younger demographic on average, with growing families in the mix.

  • Inner East

    Abbotsford, Burnley, Cremorne, East Melbourne, Hawthorn, Prahran, Richmond, South Yarra

    Inner Eastern suburbs are more affluent on average, particularly around East Melbourne, where some of the most expensive homes can be found.

    Hawthorn boasts some of the biggest houses and land area, whilst having an affordable price per square metre.

  • Inner South

    Albert Park, Middle Park, Port Melbourne, South Melbourne

    This bayside region is home to Melbourne's most exclusive and established suburbs.

    Albert Park and Middle Park have maintained a strong period character in the streetscape, with little to no new developments. Port Melbourne and South Melbourne have some of Melbourne's most expensive apartments per square metre.

  • Inner West

    Flemington, Kensington, Travancore, West Melbourne

    The up-and-coming, gentrifying suburbs of the inner West are the most affordable out of all regions.

    This region presents a ripe opportunity for buyers to secure quality property at a reasonable price, compared to all other parts of Melbourne.


Types of property in Melbourne


Houses

The most common styles are Victorian or Edwardian terraces. Select suburbs have a strong period character in the streetscape, such as in Princes Hill, Albert Park, Middle Park and East Melbourne. These are heavily protected by heritage overlays.

Houses are the most expensive type of property in inner Melbourne, and are also the most limited in supply.


Apartments

These make up almost 90% of properties available in the inner city market, and will continue to grow as new developments near completion. Apartments are usually affordable, with exceptions depending on the suburb and type of apartment.

Types of apartments include: Art Deco, warehouse conversions, 60s-80s brick, and new developments.


Townhouses

Townhouses are a cheaper alternative to houses, albeit without the scarcity and historic value of the latter. These are sometimes managed by an owners corporation, depending on the nature of the development.



Property seasonality: when to buy?


Mar - May

March is often highly active. In April, listings tend to drop because of the two public holiday weekends (Easter and ANZAC day). Moderate turnover can be expected in May.


Jun - Aug

Low levels of stock accompany the colder months of Winter. August is variable, with normally moderate turnover.


Sep - Nov

Stock levels usually rise in Spring, with the high turnover beginning in September and continuing into early December.


Dec - Feb

As the year comes to a close with the holiday and festive season, the property market starts to slow down. Fewer listings produce lower levels of choice.



Further Reading


On Your Terms

Thinking differently about buying property – a short book by Paul Osborne.


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