camberwell

3124, Victoria

Real Estate & Property Information

Median
Price Rank
14

camberwell Suburb Profile & Review

Village-like Camberwell is a bustling centre in the eastern suburbs, but its many tree-lined streets also offer a sedate lifestyle for families.

Catch tram 70, tram 72 or tram 75 from Camberwell Junction into the city, or jump on a train at one of Camberwell's five stations to reach Flinders Street in 15 minutes. Head to the art deco Rivoli Cinema for a film or to the Camberwell Market on Sundays for trash and treasure. At Camberwell Junction on Burke Road you will find everything from a Fresh Food Market to a JB Hi-Fi store. Along Burke Road you will also find some truly quaint cafes and cake shops, antique bookstores and clothing boutiques.

Camberwell is right in the centre of the private school belt and boasts prestigious institutions such as Camberwell Girls Grammar School and Sienna College. Boroondara Park is an ideal place for bike riding, picnicking and walking, while the Main Yarra Trail provides a cycling path through the inner eastern suburbs into the city. Visit one of the many sports grounds Camberwell Sports Ground, Frog Hollow Reserve or Highfield Park for cricket, football and soccer.

camberwell Demographic Data

$ 1,327,500 Median House Price

19 Minutes Average Commute

41 Median Age

20,029 Population

53.13 % Female

46.87 % Male

5253 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in camberwell, Victoria.

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camberwell Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

camberwell Median House Prices

  • 2008 $ 1,027,500
  • 2009 $ 1,010,000
  • 2010 $ 1,136,000
  • 2011 $ 1,321,500
  • 2012 $ 1,327,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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camberwell 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in camberwell have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term camberwell property price predictions.

camberwell Market Property Types

  • 73 % Seperate House
  • 12 % Semi Detached
  • 15 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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camberwell Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

camberwell Income & Mortgage Stats

  • $ 2,122 Median Weekly Household Income
  • $ 2,500 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in camberwell

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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camberwell Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

camberwell Sold Property Prices

camberwell Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

camberwell Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

camberwell Restaurants

  • Trinitas Thai955 Burke Rd camberwell VIC 312403 9813 1565
  • Tandoori Den Camberwell261 Camberwell Rd camberwell VIC 312403 9882 5353
  • Taco Bill465 Riversdale Rd camberwell VIC 312403 9882 9739

camberwell Cafes

  • Fordham's Milk Bar116-118 Fordham Avenuecamberwell VIC 312403 9041 0822
  • Prospect Espresso2a Prospect Hill Rdcamberwell VIC 312403 9882 7359
  • Cattivo255 Camberwell Roadcamberwell VIC 312403 9882 8878

camberwell Schools

  • Siena College815 Riversdale Roadcamberwell VIC 3124(03) 9835 0200Catholic Secondary School
  • Our Lady of Victories Primary SchoolReserve RoadÊcamberwell VIC 3124(03) 9882 4605Catholic Primary School
  • Camberwell Primary School290 Camberwell Roadcamberwell VIC 3124(03) 9882 4663State Primary School

camberwell Childcare

  • Starfish Early Learning Centre166 Warrigal Roadcamberwell VIC 3124
  • Camberwell Child Care AssocAird Streetcamberwell VIC 3124
  • Camberwell Early Childhood Ctr25 Trafalgar Roadcamberwell VIC 3124

camberwell Kindergarten and Preschools

  • Fordham Avenue Kindergarten24 Fordham Avenuecamberwell VIC 3124
  • St. Dunstans Anglican Kinder163B Wattle Valley Roadcamberwell VIC 3124

camberwell Sporting Centres and Clubs

  • Burwood District Lynden Park (Ladies)camberwell VIC 3124Bowling Club
  • Camberwell Centralcamberwell VIC 3124Bowling Club
  • CV Premier Cricket, Camberwell Magpiescamberwell VIC 3124Cricket Club

camberwell Retirement Villages

  • Camberwell Greencamberwell VIC 3124
  • Prospect Hillcamberwell VIC 3124

camberwell Vets

  • Blue Cross Animal Societycamberwell VIC 3124
  • Burke Road Vetcamberwell VIC 3124

Find out How Much your House is Worth in camberwell

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