middle park

3206, Victoria

Real Estate & Property Information

Median
Price Rank
13

middle park Suburb Profile & Review

Like its neighbour South Melbourne, Middle Park is home to some of the city's most cherished Victorian terrace houses. Bordering Albert Park, residents are able to enjoy both the greenery and tranquillity of the lake and golf course, while still being next to the beach. On the other side of the suburb is St Kilda, which offers numerous cafes, bars and restaurants to be enjoyed during the day or at night. Luna Park is a stone's throw away; a great place for family entertainment on the weekend or during holidays.

Armstrong Street is Middle Park's main retail strip and it features fantastic shopping, charming cafes and restaurants and all of the standard amenities. Tram 96 and tram 112 make travel into the city and across to St Kilda a breeze from here.

It is a suburb suited for young families, with Middle Park Primary School within walking distance from anywhere in the suburb. Neighbouring St Kilda and Port Melbourne keep the single residents occupied too, andthey are spoilt for choice with the selection of bars and pubs available. The Middle Park Hotel is a fantastic place to enjoy a fine dining experience, a pub 'counter meal' or a couple of beers in the Public Bar.

middle park Demographic Data

$ 1,345,000 Median House Price

13 Minutes Average Commute

40 Median Age

4,058 Population

51.75 % Female

48.25 % Male

1086 NO OF FAMILIES

1.7 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 middle park, Victoria.

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middle park 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.

middle park Median House Prices

  • 2008 $ 1,390,000
  • 2009 $ 1,463,200
  • 2010 $ 1,280,000
  • 2011 $ 1,550,000
  • 2012 $ 1,345,000

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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middle park 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 middle park 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 middle park property price predictions.

middle park Market Property Types

  • 39 % Seperate House
  • 32 % Semi Detached
  • 29 % 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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middle park 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.

middle park Income & Mortgage Stats

  • $ 2,227 Median Weekly Household Income
  • $ 3,033 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 middle park

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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middle park 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.

middle park Sold Property Prices

middle park 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.

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middle park Restaurants

  • Villaggio Pizza and Kitchen251 Richardson St middle park VIC 320603 9699 3100
  • Victorian Wine Centre22 Armstrong St middle park VIC 320603 9699 6082
  • Tomoshibi5 Armstrong Streetmiddle park VIC 320603 9699 1810

middle park Cafes

  • The Armstrong St Foodstore30 Armstrong Streetmiddle park VIC 320603 9690 4784
  • Sandbar Beach Cafe175b Beaconsfield Parademiddle park VIC 320603 9696 6334
  • Mart 130107 Canterbury Road middle park VIC 320603 9690 8831

middle park Schools

  • Middle Park Primary SchoolRichardson Streetmiddle park VIC 3206(03)9690 1336State Primary School

middle park Kindergarten and Preschools

  • Civic Kindergartenmiddle park VIC 3206
  • Middle Park Kindergartenmiddle park VIC 3206

middle park Sporting Centres and Clubs

  • Middle Parkmiddle park VIC 3206Bowling Club
  • Carmelite Tennis Clubmiddle park VIC 3206Tennis Club & Courts

Find out How Much your House is Worth in middle park

Request a free market Basic Report for middle park 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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