fawkner

3060, Victoria

Real Estate & Property Information

Median
Price Rank
306

fawkner Suburb Profile & Review

Fawkner is a tidy part-industrial suburb in Melbourne's north, bounded by the Western Ring Road and the Hume Highway. The area is famed for its wide open spaces and lush green parks. Charles Mutton Reserve and CB Smith Reserve boast tennis clubs, sports fields and walking tracks for the enjoyment of residents. Moomba Park overlooks the Merri Creek.

In the heart of Fawkner there is a vibrant little shopping strip on Bonwick Street and Jukes Road, which reflects the area's cultural diversity. It is particularly celebrated for its delicious Italian cuisine. Car lovers will find an automotive shopping strip along the Hume Highway, while Coburg's thriving Sydney Road shopping precinct is also a short drive away.

There are two government primary schools in the area, Fawkner Primary and Moomba Park Primary; and two Catholic primary schools, St Matthew's Primary School and St Mark's Primary School. John Fawkner Secondary College caters to older children and the Darul Ulum College of Victoria is a respected Islamic institution. Public transport services can be found at Fawkner Station, which is near the remarkable Fawkner Memorial Park. Gowrie Station also provides train services to Flinders Street on the Upfield line, and bus services to locations such as Northland Shopping Centre.

fawkner Demographic Data

$ 435,000 Median House Price

24 Minutes Average Commute

37 Median Age

12,596 Population

50.58 % Female

49.42 % Male

3264 NO OF FAMILIES

2.0 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 fawkner, Victoria.

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fawkner 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.

fawkner Median House Prices

  • 2008 $ 300,500
  • 2009 $ 343,000
  • 2010 $ 382,000
  • 2011 $ 460,000
  • 2012 $ 435,000

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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fawkner 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 fawkner 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 fawkner property price predictions.

fawkner Market Property Types

  • 90 % Seperate House
  • 6 % Semi Detached
  • 5 % 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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fawkner 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.

fawkner Income & Mortgage Stats

  • $ 865 Median Weekly Household Income
  • $ 1,625 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 fawkner

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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fawkner 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.

fawkner Sold Property Prices

fawkner 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.

fawkner 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?

fawkner Restaurants

  • Wing Wah Chinese Restaurant61 Bonwick Streetfawkner VIC 306003 9359 3049
  • Meadow Inn Hotel1435 Sydney Rdfawkner VIC 306003 9359 1666
  • Lynch Rd Fish and Chips94a Lynch Rdfawkner VIC 306003 9357 2655

fawkner Cafes

  • F1 Cafe59 Bonwick Stfawkner VIC 306003 9359 6223

fawkner Schools

  • St. Marks Primary SchoolArgyle Streetfawkner VIC 3060(03) 9359 6463Catholic Primary School
  • Moomba Park Primary School111 Anderson Roadfawkner VIC 3060(03) 9359 2028State Primary School
  • Darul Ulum College of Victoria17 Baird Stfawkner VIC 3060Ê(03)Ê9355 6800Private School

fawkner Childcare

  • Joybelle Child Care Centre1346 Sydney Roadfawkner VIC 3060

fawkner Kindergarten and Preschools

  • Fawkner Kindergarten97 Major Roadfawkner VIC 3060
  • Moomba Park Kindergarten65 Alec Crescentfawkner VIC 3060

fawkner Sporting Centres and Clubs

  • Charles Mutton Reservefawkner VIC 3060Tennis Club & Courts
  • Little Athletics Centres, Charles Mutton Reservefawkner VIC 3060Athletics Club
  • Fawknerfawkner VIC 3060Bowling Club

Find out How Much your House is Worth in fawkner

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