windsor

3181, Victoria

Real Estate & Property Information

Median
Price Rank
71

windsor Suburb Profile & Review

Windsor is noted for being Prahran's more bohemian neighbour. The Windsor end of Chapel Street is renowned for its vintage stores and quirky eateries. Although more chain stores have been opening up along the precinct, independent clothing stores and popular bars still dominate. Locals favour Dukes, which is home to some of Melbourne's best coffee, and Tusk, which has terrace dining on the street, making it a popular spot in the summertime.

Victorian terraces and high rise public housing flats line the suburb's narrow streets, creating an eclectic mix of old and new. Many of the terrace houses have been renovated since the area underwent gentrification in the late 1970s.

Swinburne University's Prahran Campus, known as the 'Arts' campus largely for its inclusion of the National Institute of Circus Arts (NICA), is actually located in Windsor. It is the only institute in Australia that offers professional training in circus performance. DayDreamers Kids Indoor Play Centre is a hit with local families, especially due to its great cafe, where adults can socialise while the kids play. Windsor Station on the Sandringham line provides a quick ten minute journey to Flinders Street. Many bus routes pass along Punt Road, while the route 5, route 6, route 78 and route 79 trams also serve the area.

windsor Demographic Data

$ 802,500 Median House Price

14 Minutes Average Commute

34 Median Age

7,069 Population

50.53 % Female

49.47 % Male

1416 NO OF FAMILIES

1.5 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 windsor, Victoria.

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windsor 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.

windsor Median House Prices

  • 2008 $ 730,500
  • 2009 $ 731,500
  • 2010 $ 765,500
  • 2011 $ 868,625
  • 2012 $ 802,500

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.

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windsor 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 windsor 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 windsor property price predictions.

windsor Market Property Types

  • 22 % Seperate House
  • 26 % Semi Detached
  • 52 % 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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windsor 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.

windsor Income & Mortgage Stats

  • $ 1,492 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 windsor

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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windsor 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.

windsor Sold Property Prices

windsor 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.

windsor 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?

windsor Restaurants

  • Union Hotel90 Chapel St windsor VIC 318103 9510 4396
  • Tyranny of Distance147 Union St windsor VIC 318103 9525 1005
  • Tusk Cafe133 Chapel Streetwindsor VIC 318103 9529 1198

windsor Cafes

  • Orange126 Chapel Stwindsor VIC 318103 9529 1644
  • Eugenius99 Hornby Stwindsor VIC 318104 3459 6905
  • Dukes Coffee169 Chapel Stwindsor VIC 318103 9521 4884

windsor Schools

  • Presentation College187 Dandenong Roadwindsor VIC 318103 8517 2777Catholic Secondary School
  • Wesley College Preparatory School625 St Kilda Roadwindsor VIC 3181(03) 8102 6888Private School
  • Swinburne Prahran Campus144 High Streetwindsor VIC 3181(03) 9214 8000TAFE Education

windsor Childcare

  • Hornbrook Childrens Centre47 Earl Streetwindsor VIC 3181
  • Stonnington Childrens Centre110 Union Stwindsor VIC 3181
  • Swinburne Prahran Community Chldrns Ctr131 Union Stwindsor VIC 3181

windsor Sporting Centres and Clubs

  • Melbournewindsor VIC 3181Bowling Club

Find out How Much your House is Worth in windsor

Request a free market Basic Report for windsor 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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