This Buyers Advocate Melbourne post will touch on Camberwell as the suburb you will move to for family living, but stay, for your lifetime. Luxton property explores all aspects of Camberwell’s prestige.
Camberwell, alluring leafy tree-lined streets featuring a mix of Edwardian and Victorian era homes, many of which possess lavish heritage gardens. Only 10km east of the CBD, Camberwell is the heart of the private school sector, including Camberwell Boys and Camberwell Girls Grammar Schools satisfying the needs for families, young or older. Not only appealing to families, following Camberwell’s increasing popularity, is the growth of many new extravagant medium-rise apartment blocks, servicing not only living but the lifestyle needs of independents. Older couples to feel at home, enjoying the relaxed atmosphere and sheltered environment that Camberwell offers.
If you’re looking to at purchasing a house in Camberwell, the median house price of $2 million will just get you in the door. Many homes in Camberwell sell for well in excess of the median price. Despite the appearance of property in Camberwell learning towards the more expensive end of the property market, Camberwell holds its value as a well-known secure neighbourhood with a family friendly atmosphere whilst featuring numerous amenities fitting for all.
|Property data for Camberwell||Houses||Units|
|Median house price||$2,065,000||$752,000|
|Price per square metre||$3,448|
|Annual capital growth||10.72%||2.87%|
|Average annual growth||9.61%||6.72%|
|Capital growth since 2012 (5 years)||54.80%||21.20%|
|Median advertised rent||$700 (weekly)||$430 (weekly)|
|Gross rental yield||1.77%||3.02%|
|Demographics of Camberwell|
|Municipality||City of Boroondara|
|Median household income||$2,122 per week|
|Median housing loan repayment||$2,500 per month|
|Average household size||2.7 (people)|
|Dominant country of birth||Australia (73.2%)|
|Dominant religion||Christianity (63.9%)|
|Percentage that work||63%|
|Dominant occupation||38.6% Professionals, 18.5% Managers, 14.4% Clerical & Admin|
|Household income||38% earning above $ 2,500 per week|
|Dominant dwelling type||80% separate house|
|(Source: ABS Census, 2011)|
|Property buying information for Camberwell|
|Most expensive pocket/s:||Boarded by Burke Road, Toorak Road, and Camberwell Road.|
|Boarded by Burke Road, Riversdale Road, Canterbury Rd, Wandin Road/ Broadway.|
|Most affordable pocket/s:||Boarded by Highfield Road, Toorak Road, Warrigal Road, Riversdale Road.|
|Transport||Train: Wilson Station, Hartwell Station, Riversdale Station (Alamein Line), East Camberwell Station, Camberwell Station (Belgrave & Lilydale Lines)|
|Trams: Burke Rd Tram #72, Riversdale Rd Tram #70 & #75|
|Bus; stops in Camberwell Station Precinct #612 & #285, and on Warrigal Rd #766 & #903
|Popular Shopping Hubs||Burke Rd Shopping strip (Camberwell Junction), The Well Shopping centre, Camberwell Marketplace (Fresh produce)
|Popular Schools||Camberwell High School, Camberwell Girls Grammar School, Camberwell Boys Grammar School, Sienna College, St Dominic’s Primary school, Hartwell Primary School.
|Popular Restaurants||Fiorelli, The Meat & Wine Co, Elyros, Legacy, Prospect Espresso, The Baker’s Wife.
|Popular Attractions||Camberwell Sunday Markets (Camberwell Junction), Camberwell Sports Ground, Rivoli Cinemas (Art Deco), Our Lady of Victories Basilica.
Camberwell features many more amenities than neighbouring suburbs including its renowned Burke Road shopping strip where a diverse range of boutiques, cafes, restaurants, markets and a variety of supermarkets are all at the fingertips of locals. With an area span of 5.8km2, Camberwell is easily accessible to all, with a well catered, extensive public transport system, locals can access schools, parks, sporting facilities, popular restaurants, shopping precincts and workplaces with ease and confidence. The area also features Rivoli Cinemas with original Art Deco architecture and Camberwell’s development history through The Lady of Victories Basilica.
We know the intricate details of Camberwell as well as most of the suburbs in Melbourne’s inner east to ensure we buy the best property for our clients at the best price. The above is just a brief insight into how thorough we are with our property research which in turn assists our clients to make the right decision with their next purchase. You see the more information we have, the better our buying strategy will be. This ensures our client’s needs are always met and their expectations are always exceeded.
At Luxton Property Group we specialise in purchasing property for premium home buyers. You might just be starting out in the property market or be a seasoned property investor looking for an edge. The above is just a small glimpse into what we do and how we use our local market knowledge to buy our clients the best property at the best price. We have been buying property for over a decade and have a superior buying service at a more affordable price. If you’re thinking about moving to Camberwell, request a call today to speak to one of our property buying experts for a no-obligation discussion on how we can assist you with your next purchase.