docklands

3008, Victoria

Real Estate & Property Information

Median
Price Rank
655

docklands Suburb Profile & Review

Situated around the banks of the Yarra River, home to several of Melbourne's most famous modern landmarks, Docklands is the main centre for the City of Melbourne's contemporary development. Once an industrial hub for shipping activity, Docklands now houses prestigious high-rise apartments, corporate offices, hotels, restaurants and educational institutions.

A popular place for professionals and singles due to its high-rise living, Docklands has several well-known shopping and entertainment areas. At Waterfront City, you will find Harbourtown, the Icehouse ice sports and entertainment centre, and Melbourne's only Costco store. Etihad Stadium, host to many a sports game and concert, is a concourse walk away from Southern Cross Station, the major interchange for city and country rail services. Five tram routes also link Docklands to other areas of the city, and three ferry terminals connect the area to the city centre and bayside suburbs.

People jog and ride along Harbour Esplanade, and dine in the many cafes scattered along the waterfront. The Docklands Sunday Market on Waterfront City's Promenade and Piazza lures bargain hunters looking for secondhand treasures. Watersports lovers will find yacht and sailing clubs on North Wharf Road.

docklands Demographic Data

$ 0 Median House Price

7 Minutes Average Commute

31 Median Age

5,791 Population

47.49 % Female

52.51 % Male

1337 NO OF FAMILIES

1.3 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 docklands, Victoria.

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docklands 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.

docklands Median House Prices

  • 2008 $ 0
  • 2009 $ 0
  • 2010 $ 0
  • 2011 $ 0
  • 2012 $ 0

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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docklands 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 docklands 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 docklands property price predictions.

docklands Market Property Types

  • 0 % Seperate House
  • 2 % Semi Detached
  • 98 % 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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docklands 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.

docklands Income & Mortgage Stats

  • $ 1,901 Median Weekly Household Income
  • $ 2,700 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 docklands

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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docklands 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.

docklands Sold Property Prices

docklands 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.

docklands 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?

docklands Restaurants

  • Va Bene Pizzeria e Pasta CucinaT10 Shed 9 Central Pier 161 Harbour Esplanadedocklands VIC 300803 8623 9690
  • Steakhouse 6666 NewQuay Promenadedocklands VIC 300803 9640 0808
  • Renzo's Bar Cafe Italiano46 New Quay Prom docklands VIC 300803 9640 0550

docklands Cafes

  • Gate 10Level 4 100 Harbour Esplanadedocklands VIC 300803 9600 2188
  • Elements833 Collins Stdocklands VIC 300803 9629 2288
  • Lats Bakery28 St Mangos Lanedocklands VIC 300803 9670 3235

docklands Schools

  • Automotive Centre of Excellence1 Batman's Hill Drivedocklands VIC 3008(03) 9279 2222TAFE Education
  • Kangan Institute Docklands Campus Automotive Centre of Excel1 Batmans Hill Drive docklands VIC 300813 8233TAFE Education
  • Kangan Institute Docklands Campus Automotive Centre of Excel1 Batmans Hill Drive docklands VIC 300813 8233TAFE Education

docklands Childcare

  • Future Kids Child CareSiddeley Stdocklands VIC 3008
  • Harbour Family & Childrens Ctr1 Seafarer Ladocklands VIC 3008

docklands Kindergarten and Preschools

  • Harbour Family & Childrens Ctr1 Seafarer Ladocklands VIC 3008

docklands Sporting Centres and Clubs

  • AFL Clubs, Essendon, Etihad Stadiumdocklands VIC 3008Football Club
  • AFL Clubs, St. Kilda, Etihad Stadiumdocklands VIC 3008Football Club
  • Melbourne Victory Etihad Stadiumdocklands VIC 3008Football Club

Find out How Much your House is Worth in docklands

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

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