AFL vs the Victorian property market: Where does your suburb rank?
In Victoria, battles are waged and lines are drawn within families over our allegiance to AFL teams. Since the competition evolved from the VFL, the majority of clubs have roots in some of Victoria’s most illustrious suburbs. With some teams making moves up the ladder and others experiencing a dip in their performance this year, we decided it was time to compare the current state of the Victorian property market to the AFL ladder.
While the Collingwood property market saw a sharp increase in performance at the start of this year – with their median house price jumping to above $1million – the same could not be said for the battling Magpies. As prices and prestige continue to grow in the suburb, this popular team is experiencing a poor season that has seen them drop down to the 14th spot.
2017 got off to a great start for the Melbourne Demons, with their membership numbers reaching a record high and a strong performance seeing the team sitting pretty in the top 8. If they’re able to keep this up it will be the team’s first run at finals in a decade. In the same period the unit market in Melbourne CBD has held steady and is currently experiencing very high rental demand, which is driving a boost in the local market thanks to downsizers and families opting for the city lifestyle. It seems that now is definitely the time to cement your support for Melbourne with a move to the CBD.
The Richmond Tigers have been known to be fairly inconsistent in recent years, but are currently sitting pretty in the top half of the ladder. Unlike their local team, the Richmond property market has stayed steady, with the median house price sitting over $1.2million for more than a full year. If you’re wanting to get yourself a home in this suburb, you’ll have to make like their home team and get your claws out.
The Saints are currently in the process of rebuilding their roster and until they find their rhythm on the field their performance will continue to be unpredictable. If they stand any chance of making it back to the top of the ladder they’ll need to mimic the suburb of St Kilda, which has seen the median house price steadily improving over the past twelve months to become some of the highest in this list.
Following the scandals of recent years, the Bombers have started the year off by keeping their heads down and attempting to rebuild their reputation on the field. With an even win-loss record so far this year they’re not blowing anyone out of the water with their performance. This is the opposite of Essendon’s property market over the past 12 months, which has seen median house prices rise to over $1.3million.
For both the football team and the suburb of Hawthorn the past year has seen their performance slip. Along with the footy team’s less than stellar results – they’re currently sitting at 13th on the ladder – the local property market has been slowly creeping down over the past 12 months. However, neither situation is dire – the downward trend in the property market has pushed the median price to below $2million following their record high last year, while the Hawks haven’t been down for long since their run as the 2015 premiership champions.
2014 wasn’t a great year for Carlton. The Blues finished 13th on the ladder and the property market took a dive, falling to the lowest median house price in 7 years. Since then, the property market has been able to do what the football team could not – drag themselves back up to a position befitting such a heritage location. Time will tell if the Blues will be able to follow suit or will receive another wooden spoon this year.
Housing affordability is becoming more of an issue in areas surrounding the CBD and many people are seeing the appeal of a sea change to buy their first home. With a thriving community, easy access to some amazing beaches, their very own footy stadium and situated just an hour’s drive from Melbourne CBD, Geelong is the place to be for avid Cats fans. Much like their namesake footy team, Geelong’s property market has been consistent for several years and as their team made moves up the ladder to the second spot their median house price has also been increasing over the past few months – making now the perfect time to jump on the bandwagon ahead of their run at finals.
Want to make the move to your favourite team’s suburb? Check out our latest property listings and show your true colours now!