Melbourne
Melbourne's 3000 postcode is located in the heart of the city and is home to a thriving business district, world-renowned restaurants, and a diverse array of cultural attractions. The area is known for its bustling city streets, high-rise buildings, and modern apartment complexes, making it a popular destination for young professionals, students, and families.
Market Insights
Median House Price
$880,000
Median Unit Price
$540,000
Over the past few years, Melbourne's property market has experienced steady growth, with 3000 postcode being no exception. The median house price in the area is around $880,000, while the median unit price is approximately $540,000. The market has been moderately affected by the COVID-19 pandemic, with some buyers taking a more cautious approach, but overall, the demand for quality properties in the area has remained high.
High and Low End Pricing
The high end of the market in Melbourne's 3000 postcode is generally comprised of luxury apartments and penthouses, located in high-rise buildings with spectacular views of the city. These properties can range in price from $1.5 million to upwards of $10 million, depending on the location, size, and level of luxury. On the other hand, the low end of the market consists mainly of studio and one-bedroom apartments, which are popular among students and young professionals. These properties typically range from $300,000 to $500,000, and are often located in older, more established buildings.
Current Real Estate Landscape
Despite the challenges posed by the pandemic, Melbourne's 3000 postcode has remained a popular location for real estate investment. The area boasts a range of new and modern apartment complexes, which have attracted a significant amount of interest from both local and overseas investors. The area's proximity to key amenities, including public transport, universities, and major business districts, has also contributed to its popularity among buyers. As such, properties in the area tend to sell quickly, with some apartments receiving multiple offers within just a few days of being listed.