Fawkner has been described by its residents as one of Melbourne’s best kept secrets. In this buyers agent Fawkner suburb feature, we will give insight into this culturally diverse North-Melbourne suburb and identify the points that make Fawkner a family friendly environment.
Located only 12km north of the CBD, Fawkner offers its residents easy access to main arterial roads and major freeways, enabling easy access to the city and surrounding suburbs. Given its plethora of primary schools, parks and religious centres, Fawkner has become home to families from various cultural backgrounds. Residents have easy access to a centrally located shopping strip on Bonwick Street that caters to all basic shopping necessities; including the Commonwealth Bank, IGA, Post Office and selection of cafes and restaurants – just to name a few. For a more elaborate shopping experience, Campbellfield Plaza and Broadmeadows Shopping Centre are less than 15 minutes away, or Northland Shopping Centre 20 minutes away. Three train stations on the Upfield Rail Line connect Fawkner residents to the city in under an hour.
|Property data for Fawkner||Houses||Units|
|Median house price||599,750 (April 2017)||$400,000 (April 2017)|
|Price per square metre||$1,163 (March 2017)|
|Annual capital growth||16.34%||5.41%|
|Average annual growth||9.08%||5.09%|
|Capital growth since 2012 (5 years)||40.8%||21.2%|
|Median advertised rent||$370 (weekly)||$338 (weekly)|
|Gross rental yield||3.27%||4.50%|
|Demographics of Fawkner|
|Municipality||City of Moreland|
|Median household income||$865 (weekly)|
|Median housing loan repayment||$1,625 (weekly)|
|Average household size||2.8 (people)|
|Dominant country of birth||Australia|
|Percentage that work||48.90%|
|Dominant occupation||30.1% not classified, 16.5% professionals, 13.4% labourers|
|Household income||41.5% earning above $1500 (weekly)|
|Dominant dwelling type||91.1% separate house|
Source: ABS Census, 2011
|Property buying information for Fawkner|
|Most expensive pocket/s:||Bordered by Sydney Road, Jukes Road, McBryde Street and Anderson Road|
|Transport||Train: Gowrie, Fawkner and Merlynston Stations
Bus Stops: Sydney Road, Lorne St, Lynch Rd, Mutton Rd, Major Rd, James St, Jukes Rd, Beccles St & Anderson Rd
|Popular Shopping Hubs||Bonwick Street Shops, Campbellfield Plaza|
|Primary Schools||Moomba Park Primary, St Matthew’s Primary, Fawkner Primary, St Mark’s Catholic Parish|
|High Schools||John Fawkner College, Darul Ulum College|
|Popular Attractions||Fawkner Leisure Centre, Fawkner Soccer Club, Moomba Park Reserve, Merri Creek walking & bike tracks|
We know the intricate details of Fawkner as well as most of the suburbs in Melbourne’s northern suburbs to ensure we buy the best property for our clients at the best price. The above is just a brief insight in to 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. Take a look at a previous buyer advocacy case study on Fawkner for more insight.
In this buyers agent Fawkner suburb feature we aim to shed light on the value that Fawkner has to offer from an investment point of view. The quiet streets of Fawkner, available facilities, accessibility to the city and affordability have made Fawkner a value-for-money suburb suitable for established families and the elderly.
At Luxton Property Group we specialise in purchasing property for investors and homebuyers. 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 in to what we do and how we use our local market knowledge to buy our clients the best property. We have been buying property for over a decade and have a superior buying service at a more affordable price. 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.