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Residential

Café culture a driving force in the North

Once upon a time, if you lived in the north and wanted a coffee, you’d have to get in your car and drive to Lygon St.

Now all you have to do is walk down the street.

Melbourne is known for taking coffee very seriously, so it’s not surprising that many first home buyers take café culture into consideration when deciding where to make their start in the property market.

Melbourne’s northern suburbs like Pascoe Vale, Coburg, Preston and Ivanhoe are seeing an increase in trendy cafes including Lip Café, Jack & Daisy or BARRY, creating even more incentives to make a move to the north.

For instance, our hockingstuart team in the north recently sold a beautiful family home in Coburg North for $850,000 and a three bedroom delight in Thornbury for $1,245,000, to young families who were seeking the foodie culture now on offer in the north.

With young coffee connoisseurs seeking property in the north, we’re now seeing the following changes in the area:

  • Period homes on point: Those looking for a beautiful and spacious family home are gravitating towards areas like Preston and Reservoir, where they’re finding the home of their dreams is within their budget.

 

  • Alphington picks up: Buyers pushed out of Northcote and Westgarth have trickled into Alphington, lifting the median house price by 21% in the suburb.

 

  • Buyers migrate from the east: Young families who have traditionally looked at the eastern suburbs are coming north in search of more affordable housing that will still offer the lifestyle to which they are accustomed.

 

The expanding interest in the north is great news for those considering listing soon. If you have a family home with period details, and it’s got a café nearby, come talk to us!

 

Residential