clifton hill

3068, Victoria

Real Estate & Property Information

Median
Price Rank
80

clifton hill Suburb Profile & Review

Considered one of Melbourne's most liveable suburbs, Clifton Hill can be found in the city's north-east, near Fitzroy North. Though once a working-class suburb, the area's scenic village atmosphere now attracts professionals and young bohemians. It is primarily comprised of lovely single and double storey terrace houses.

Queens Parade with its Victorian-era shopfronts has a modest selection of cafes, restaurants, bistros and pubs, such as the Clifton Hill Hotel. Thriving shopping districts along Smith Street and Brunswick Street are minutes away. Darling Gardens and nearby Fairfield Park are both picturesque areas for walking, picnics and bike rides. Fitness enthusiasts can find aerobics classes and swimming facilities at the Collingwood Leisure Centre, on the corner of Hoddle and Turnbull Streets.

The public transport needs of residents are more than met. The Eastern Freeway terminates at Alexandra Parade, providing easy access to the eastern suburbs. Tram route 86 runs along Queens Parade from Bundoora to the Docklands. Clifton Hill Station is serviced by both the Epping and Hurstbridge lines, so trains are frequent, and they take only ten minutes to reach the city.

clifton hill Demographic Data

$ 778,000 Median House Price

12 Minutes Average Commute

36 Median Age

5,790 Population

51.81 % Female

48.19 % Male

1439 NO OF FAMILIES

1.6 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 clifton hill, Victoria.

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clifton hill 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.

clifton hill Median House Prices

  • 2008 $ 700,000
  • 2009 $ 665,000
  • 2010 $ 713,000
  • 2011 $ 811,500
  • 2012 $ 778,000

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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clifton hill 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 clifton hill 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 clifton hill property price predictions.

clifton hill Market Property Types

  • 31 % Seperate House
  • 47 % Semi Detached
  • 21 % 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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clifton hill 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.

clifton hill Income & Mortgage Stats

  • $ 1,956 Median Weekly Household Income
  • $ 2,167 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 clifton hill

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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clifton hill 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.

clifton hill Sold Property Prices

clifton hill 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.

clifton hill Related Local Blog Posts

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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?

clifton hill Restaurants

  • The Bell Jar656 Smith Streetclifton hill VIC 306803 9482 7980
  • Terminus Hotel492 Queens Pde clifton hill VIC 306803 9481 3182
  • Taco Bill99 Queens Paradeclifton hill VIC 306803 9489 5254

clifton hill Cafes

  • Mosskito Cafe Bar and Lounge205/211 Queens Paradeclifton hill VIC 306803 9481 5444
  • Tutti I Sapori389 Queens Pdeclifton hill VIC 306803 9077 9589
  • The Bell Jar656 Smith Streetclifton hill VIC 306803 9482 7980

clifton hill Schools

  • St. Johns Primary School77 Queens Paradeclifton hill VIC 3068(03) 9489 1346Catholic Primary School
  • Clifton Hill (No. 1360) Primary School185 Gold Streetclifton hill VIC 3068(03) 9489-8333State Primary School
  • Spensley Street Primary School193 Spensley Streetclifton hill VIC 3068(03) 9481 4666State Primary School

clifton hill Childcare

  • ABC Learning Centre101 Heidelberg Roadclifton hill VIC 3068

clifton hill Kindergarten and Preschools

  • Walker Street Community Kinder89 Walker Stclifton hill VIC 3068

clifton hill Sporting Centres and Clubs

  • Collingwood Harriers, Knotts Reserve Athletic Trackclifton hill VIC 3068Athletics Club
  • Clifton Tennis Clubclifton hill VIC 3068Tennis Club & Courts
  • Clifton Hillclifton hill VIC 3068Skate Park Facility

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