collingwood

3066, Victoria

Real Estate & Property Information

Median
Price Rank
118

collingwood Suburb Profile & Review

Once a working-class area, Collingwood is now a trendy inner-city suburb known for its heritage-listed architecture, industrial warehouses and factories turned cosmopolitan apartments.

On Smith Street find factory outlets for big name brands such as Nike and Adidas, as well as boutiques, trendy bars and restaurants. An eclectic range of cafes and coffee shops such as Kerynia cafe or Proud Mary can be found at every turn. Major tramlines run along Victoria Street and Smith Street and lead directly into the city centre; while Collingwood Station can be reached in nearby Abbotsford, where trains travel to Flinders Street on the Epping or Hurstbridge lines in under ten minutes.

A Northern Melbourne Institute of TAFE campus specialising in information technology, multimedia and video production can be found on Otter Street; while Collingwood College, an internationally accredited Prep to Year 12 School, can be found near Hoddle Street. Victoria Park, the home of the Collingwood Football Club, is a stone's throw away in Abbotsford. The IMAX Cinema and the Melbourne Museum are within walking distance in Carlton, and St Vincent's Hospital is a mere three minute drive away in Fitzroy.

collingwood Demographic Data

$ 687,500 Median House Price

9 Minutes Average Commute

32 Median Age

6,467 Population

49.71 % Female

50.29 % Male

1392 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 collingwood, Victoria.

Learn more about data
X

collingwood 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.

collingwood Median House Prices

  • 2008 $ 590,000
  • 2009 $ 540,000
  • 2010 $ 592,500
  • 2011 $ 748,000
  • 2012 $ 687,500

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.

Learn more about data
X

collingwood 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 collingwood 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 collingwood property price predictions.

collingwood Market Property Types

  • 13 % Seperate House
  • 44 % Semi Detached
  • 41 % Flat or Unit
  • 1 % 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.

Learn more about data
X

collingwood 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.

collingwood Income & Mortgage Stats

  • $ 1,278 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 collingwood

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.

Learn more about data
X

collingwood 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.

collingwood Sold Property Prices

collingwood 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.

collingwood 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?

collingwood Restaurants

  • Wabi Sabi Salon94 Smith St collingwood VIC 306603 9417 6119
  • The Gem Bar and Dining289 Wellington St collingwood VIC 306603 9419 5170
  • The Fox Hotel351 Wellington Streetcollingwood VIC 306603 9416 4957

collingwood Cafes

  • Two Birds Cafe31 Peel Stcollingwood VIC 306603 9417 2881
  • Tomboy356 Smith Streetcollingwood VIC 306603 9486 0162
  • Gluttony It's a Sin278 Smith Streetcollingwood VIC 306603 9416 0336

collingwood Schools

  • Collingwood CollegeCorner Cromwell St and McCutcheon Waycollingwood VIC 3066(03) 9417 6681State Secondary College
  • St. Josephs Primary School46 Otter Streetcollingwood VIC 3066(03) 9419 4918Catholic Primary School
  • Northern Melbourne Inst (NMIT) Collingwood Campusitute20 Otter Streetcollingwood VIC 3066(03) 9269 1200TAFE Education

collingwood Childcare

  • Gold St Child Care Ctr64 Gold Stcollingwood VIC 3066
  • Gold St Childrens Centre177 Keele Stcollingwood VIC 3066

collingwood Kindergarten and Preschools

  • Rupert St CC & Kindercollingwood VIC 3066

collingwood Sporting Centres and Clubs

  • Little Athletics Centres, George Knotts Reservecollingwood VIC 3066Athletics Club

Find out How Much your House is Worth in collingwood

Request a free market Basic Report for collingwood to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

Download Free Market Report
Share with friendsX