All About Collingwood, Yarra, VIC, 3066
Collingwood, located in the City of Yarra, Victoria, is a suburb that presents a unique blend of urban charm and historical significance. The housing market in Collingwood is reflective of its vibrant and eclectic character, with a mix of Victorian-era terraces, converted warehouse apartments, and modern high-rises. As one of Melbourne's oldest suburbs, Collingwood has seen substantial gentrification over the years, contributing to a dynamic real estate landscape. The demand for property in Collingwood is buoyed by its proximity to the Melbourne central business district, making it an attractive spot for young professionals and creatives. Prices in the area have steadily increased, driven by the suburb's high desirability and limited space for new residential developments. The rental market is also robust, offering diverse options for those seeking the cultural and lifestyle benefits of living in one of Melbourne's most up-and-coming areas.
Living in Collingwood is synonymous with embracing a lively and artistic community. The suburb is well-known for its thriving art scene, eclectic cafes, and vibrant nightlife. Residents enjoy access to a rich array of amenities including boutique shops, diverse dining options, and local markets. The multicultural atmosphere is reflected in the variety of food and cultural festivals that take place throughout the year, adding to the suburb's appeal. Public transport is highly accessible, with trams and trains providing easy connectivity to the rest of Melbourne. Collingwood's streets are punctuated with green spaces and parks, providing residents with opportunities for outdoor recreation amidst the urban setting. Despite its urban edge, Collingwood offers a sense of community that is both inclusive and welcoming, making it an ideal location for those who value a balanced lifestyle with both the conveniences of city living and a strong sense of local identity.
Household Makeup
| Median Weekly Rent | $501.21 |
| Median Monthly Mortgage | $2390.26 |
| Median Persons Per bed houseroom | 0.98 |
| Average Household Size | 2.03 |
| Average Age | 33.79 |
| Average Income | $1429.36 |
| Average Cars Per Dwelling | 1.04 |
| Average Properties Within 50M | 146 |
| Typical 1 bed house | $550,000 |
| Typical 2 bed house | $1,169,000 |
| Typical 3 bed house | $1,936,000 |
| Typical 4 bed house | $2,417,000 |
| Typical 5 bed house | $1,791,000 |
| Typical 6 bed+ house | $2,359,000 |
Housing Stock
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Collingwood Real Estate Market Outlook
Thinking about buying in Collingwood? Now could not be a better time, with 9293 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,138,000 with prices in this suburb ranging from $79,000 to $6,356,000. Collingwood is located fairly close to the coast at just 3Km 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 Collingwood 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 Collingwood 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 Collingwood 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Collingwood the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationLocal Schools
Collingwood English Language School
Collingwood College
St Joseph's School
Clifton Hill Primary School
Fitzroy Primary School
Sacred Heart School
St John's School
The David Scott School
Richmond West Primary School
Abbotsford Primary School
(While the above schools are located with the suburb of Collingwood there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Collingwood 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 | 1.9 | 16.5 | 32.1 | 34.4 | 90.2 | 4.3 | 25.4 |
| Feb | 1.9 | 15.9 | 30.7 | 38.6 | 93.3 | 4.2 | 22.2 |
| Mar | 3.2 | 14.2 | 27.2 | 46.1 | 95.4 | 3.6 | 17.6 |
| Apr | 1.0 | 9.3 | 23.8 | 43.7 | 96.1 | 3.0 | 15.5 |
| May | 1.0 | 5.4 | 19.8 | 45.0 | 95.9 | 3.0 | 12.1 |
| Jun | 1.4 | 3.9 | 16.2 | 55.4 | 97.7 | 3.1 | 9.4 |
| Jul | 1.3 | 2.3 | 15.9 | 49.7 | 95.0 | 3.4 | 10.6 |
| Aug | 0.9 | 2.6 | 18.2 | 40.5 | 93.8 | 3.6 | 13.9 |
| Sept | 1.1 | 4.9 | 22.4 | 32.5 | 91.5 | 3.7 | 18.8 |
| Oct | 1.3 | 8.6 | 25.2 | 34.8 | 91.8 | 3.8 | 22.0 |
| Nov | 2.6 | 12.2 | 28.1 | 34.1 | 90.7 | 4.0 | 24.9 |
| Dec | 3.5 | 14.9 | 30.1 | 34.3 | 90.3 | 4.2 | 26.3 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 30-05-2024 | $715,000 | 87 Pindari Road |
| 20-12-2023 | $870,000 | 951 Hill End Road |
| 14-06-2023 | $1,480,000 | 21 Pindari Road |
| 16-12-2022 | $930,000 | 69 Pindari Road |
| 27-01-2021 | $1,150,000 | 142 Yarrabin Road |
| 16-11-2020 | $353,000 | 21 Pindari Road |
| 15-10-2020 | $850,000 | 427 Yarrabin Road |
| 01-07-2020 | $500,000 | 89 Pindari Road |
| 21-05-2020 | $440,000 | 91 Pindari Road |
| 01-05-2020 | $300,000 | 1040 Hill End Road |
| 06-03-2020 | $340,000 | 42 Pindari Road |
| 01-12-2017 | $415,000 | 87 Pindari Road |
| 20-01-2017 | $490,000 | 951 Hill End Road |
| 11-11-2016 | $620,000 | 1102 Hill End Road |
| 22-07-2016 | $180,000 | 94 Pindari Road |
| 18-01-2013 | $287,000 | 53 Pindari Road |
| 30-10-2007 | $355,000 | 89 Pindari Road |
| 05-10-2005 | $315,000 | 473 Yarrabin Road |
| 19-11-2004 | $347,000 | 953 Hill End Road |
General Points of Interest
Mudgee Observatory - Greater then 10KM
Nearby Suburbs
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