Extensions And Renovations Experts In South Melbourne
Why Choose To Live In South Melbourne?
As any property developer knows, location is key to valuable real estate. Some of the most important factors to consider in a neighborhood are accessibility to local amenities, appearance, and proximity to roads and transport. That is why South Melbourne ticks all the boxes.
South Melbourne is one of the oldest suburbs in Melbourne brimming with well preserved Victorian-era homes and well-established streetscapes. It is located on the doorstep of Melbourne’s CBD with loads of restaurants, pubs, shopping malls, and entertainment within a stone’s throw.
The famous South Melbourne Market has some of the best coffee and food and thousands of visitors flock there every weekend to indulge in the best organic and vegan food that South Melbourne has to offer. It is a great place for professionals, singles, and families, as it is close to the beach, and has plenty of parks for walking or relaxing.
Distance to
Distance from Melbourne
Demographics In South Melbourne
The population of South Melbourne is around 11,000 with nearly 24% maturing and established independence, 22% independent youth, 11% older independence with almost 46% being married.
More than 40% of the population are professionals with just over 20% working in managerial positions, nearly 13% are administrative workers, almost 8% are in the personal services sector, and 7% in sales.
Just under 22% of homes in South Melbourne are fully owned, around 21% are in the process of being purchased by home loan mortgage, while the median individual income is just over $900 per week and the median household income is around $1,700 per week. The median mortgage repayment in Soth Melbourne is around $2,500 per month.
Maturing & Established Independence
23.7%
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Independent Youth
22.3%
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Older Independence
11.3%
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Lifestyle In South Melbourne
South Melbourne is an affluent, inner-city neighbourhood with historic charm that is home to Melbourne’s most treasured markets, the South Melbourne Market with all things delicious and healthy.
Within walking distance of the city and the beach, this well-connected suburb draws everyone from young singles, to maturing couples to retirees who all enjoy the experience of its lively street scenes with bustling cafes and charming houses on tree-lined streets. Young professionals love the easy access to the city and the chic apartment buildings among beautiful Victorian-era homes.
Types Of Homes In South Melbourne
Stately historic mansions with magnificent architecture are nestled among the modern apartment blocks preferred by the younger crowd. Semi-detached terraced houses are popular and recently a few architect-designed homes have sprung up to spice up the scene. Neat Victorian-style cottages populate the broad, tree-lined streets of this well-established area.
Median House Prices In South Melbourne
The median property prices in South Melbourne are around $1.6 million which is very reasonable when you consider the location. That is why if you are fortunate enough to Live in South Melbourne, it makes a lot of sense to extend or renovate your existing home as opposed to moving elsewhere in search of a bigger home.
Our expert architects and designers at Bayside Extensions can work with you and help you get the most out of your existing house by developing a creative and unique design that will provide you with the space and style your family needs.
| Buy $2,292,500 | ||
|---|---|---|
| 2BR - | 3BR $1,920,000 | 4BR $2,310,000 |
| Buy $700 PW | ||
|---|---|---|
| 2BR - | 3BR $650 PW | 4BR $885 PW |
| Buy $826,000 | ||
|---|---|---|
| 1BR - | 2BR - | 3BR - |
| Buy $390 PW | ||
|---|---|---|
| 1BR $300 PW | 2BR $420 PW | 3BR - |
Book A Free Consultation Today
One of our experienced designers will contact you to discuss your renovation or extension.
