All About Abbotsford, Yarra, VIC, 3067
Abbotsford, a vibrant suburb located just 2 kilometers east of Melbourne's central business district in the City of Yarra, VIC, has experienced significant changes in its housing market over recent years. Known for its historical charm and a blend of industrial and residential spaces, Abbotsford attracts a diverse group of residents, from professionals to young families. The suburb features a mix of Victorian-era homes, modern apartments, and warehouse conversions. As demand has grown, so have property prices, reflecting its desirability and the general trend seen across Melbourne. Prospective buyers and investors are drawn to Abbotsford not only by its proximity to the city center but also by its rich cultural amenities, including trendy bars, cafes, and the artistic community that thrives in the area.
Living in Abbotsford offers a unique urban lifestyle balanced with pockets of tranquility. Residents enjoy access to beautiful parks and outdoor spaces, such as the Yarra River and Abbotsford Convent, which provide green spaces for recreation and leisurely activities amidst a bustling city backdrop. The area is well-serviced by public transportation, including several train lines and bus routes, making commuting straightforward for city workers. Abbotsford's streets are lined with diverse dining options, boutique shops, and community-focused events, fostering a strong sense of community and local culture. This dynamic blend of convenience, culture, and lifestyle makes Abbotsford an appealing choice for those looking to experience the best of Melbourne from a slightly removed yet still central location.
Household Makeup
| Median Weekly Rent | $565.67 |
| Median Monthly Mortgage | $2427.33 |
| Median Persons Per bed houseroom | 0.90 |
| Average Household Size | 2.00 |
| Average Age | 33.33 |
| Average Income | $1520.00 |
| Average Cars Per Dwelling | 1.31 |
| Average Properties Within 50M | 268 |
| Typical 1 bed house | $548,000 |
| Typical 2 bed house | $1,171,000 |
| Typical 3 bed house | $1,971,000 |
| Typical 4 bed house | $2,459,000 |
| Typical 5 bed house | $2,797,000 |
| Typical 6 bed+ house | $1,674,000 |
Housing Stock
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Abbotsford Real Estate Market Outlook
Thinking about buying in Abbotsford? Now could not be a better time, with 8402 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,136,000 with prices in this suburb ranging from $288,000 to $10,041,000. Abbotsford is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
In Abbotsford there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Abbotsford is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Abbotsford changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Abbotsford requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Abbotsford we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Abbotsford a better buying opportunity than it may have been in the past.
Instant Property ValuationLocal Schools
Abbotsford Primary School
Sophia Mundi Steiner School
Collingwood College
Yarra Primary School
Richmond West Primary School
Trinity Catholic School
Clifton Hill Primary School
St Joseph's School
Collingwood English Language School
Lynall Hall Community School
(While the above schools are located with the suburb of Abbotsford there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Abbotsford weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 5.0 | 21.6 | 31.3 | 50.2 | 91.7 | 4.9 | 25.1 |
| Feb | 5.2 | 21.6 | 30.9 | 53.1 | 92.0 | 4.8 | 22.1 |
| Mar | 5.8 | 20.8 | 29.9 | 53.7 | 93.4 | 4.6 | 19.3 |
| Apr | 1.6 | 17.7 | 28.2 | 49.0 | 92.0 | 4.0 | 17.6 |
| May | 1.4 | 13.9 | 25.0 | 46.6 | 91.5 | 3.6 | 15.1 |
| Jun | 2.1 | 12.6 | 23.1 | 50.3 | 91.9 | 3.8 | 12.9 |
| Jul | 0.8 | 10.4 | 23.1 | 43.1 | 92.1 | 3.4 | 14.5 |
| Aug | 0.7 | 10.8 | 24.5 | 37.1 | 92.2 | 3.6 | 17.1 |
| Sept | 0.6 | 13.9 | 26.8 | 38.2 | 91.4 | 4.1 | 21.0 |
| Oct | 1.6 | 16.1 | 28.0 | 42.4 | 91.5 | 4.4 | 24.4 |
| Nov | 1.8 | 18.9 | 29.7 | 45.1 | 90.6 | 4.6 | 26.3 |
| Dec | 4.5 | 20.5 | 30.6 | 49.2 | 91.0 | 4.7 | 26.2 |
source: Australian Government Bureau of Meteorology
Public Transport
Bundaberg - Greater then 10KM
Nearby Suburbs
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