Suburb Property Profile: Melbourne CBD, VIC 3000

Thinking about buying an off the plan property in Melbourne CBD, Victoria? Whether it's an off the plan apartment, townhouse or house and land package, you'll want to discover the Location Demographics, Travel & Infrastructure, Shopping and Schools & Recreation.

Location Demographics

Overflowing in history and design, Melbourne’s Central Business District is widely recognised throughout the globe for its thriving art scene and food culture. Bringing in both local visitors and international travellers, it is home to hundreds of national attractions and unique landmarks. The area is Australia’s second-largest city and the capital of Victoria. It is also highly regarded for being a major financial centre and for having a bustling entertainment precinct with countless theatres, sports stadiums and galleries. From 2011 to 2017, Melbourne was consecutively ranked as the world’s most liveable city and is presently in the top 10 most liveable cities. 

Filled to the brim with distinct architecture and city conveniences, students, professionals, singles and families have been welcomed in as part of the diverse and growing neighbourhood. The Australian Bureau of Statistics have worked out the total population for Melbourne’s CBD to be close to 55 000 people. Private dwellings have reached around 43 000 properties and the 25 to 30-year-old age group is the most popular. There are over 10 300 families and the median age is 29 years old. 

Image Credit: visitmelbourne.com

Travel & Infrastructure

With no shortage of public transport services, you can easily figure out your daily commute. The Melbourne Central Railway Station has 4 platforms and follows 11 different train lines. On the other hand, the Flinders Street Railway Station is a main hub for commuters with trains running on 13 platforms. Tram stops are also spread throughout the vicinity with free tram zones available. Those driving are able to utilise the CityLink Toll Roads leading to freeways and thoroughfares. 

According to the Council Plan for 2021 to 2025, the Melbourne City Council have outlined 6 strategic objectives in response to feedback from the community. These include driving a strong economy for the future through a mix of industries and jobs, celebrating Melbourne’s identity and creativity, enriching knowledge about the city’s heritage, prioritising the environment by taking action to reduce emissions and waste, providing universal access to housing and resources and focusing on the safety and wellbeing for all. The Budget for 2022 to 2023 will go towards infrastructure investment, events, parks and open spaces. 

Image Credit: timeout.com

Shopping

From outlet malls with big brands to streets lined with eateries, shoppers are truly spoilt for choice. At Emporium, there are a handful of upscale retailers and designer clothing stores. The Melbourne Central Shopping Centre also has multiple levels of shops and a cinema while the QV Melbourne Shopping Centre provides trendy boutiques, supermarkets and fast food options. With loads of restaurants and venues, discover a variety of cuisines and the upbeat nightlife. On Flinders Lane, the Hazel Restaurant serves delicious dishes and signature drinks. Taste Spanish tapa plates at the MoVida Restaurant or order dinner from the ARU Restaurant on Little Collins Street. Have a night out with friends at the Goldilocks Bar with rooftop views or check out Section 8 with live DJs in an outdoor setting. 

Schools & Recreation

Parents are able to conveniently send their children to quality schools right nearby. The Carlton Gardens Primary School and the Docklands Primary School are both less than a 3 km drive. Those in kindergarten are looked after at the Goodstart Early Learning Melbourne on Flinders Street or at the Guardian Childcare & Education on Collins Street. High school students are able to study at Haileybury, Melbourne Girls Grammar or at Wesley College. There are quite a range of tertiary institutions just a short walking distance away including the Victoria University City Campus and the University of Melbourne. 

Full of life and packed with iconic sights, Melbourne’s vibrant CBD is the ultimate destination. Feel just like a tourist by taking in the vibrant environment and exploring all there is to experience from museums to markets to picturesque parks. Stop by at Fed Square to see abstract buildings and at the ACMI Museum next door. The Royal Botanic Gardens also showcases waterways and native Australian plants. Just across, the Shrine of Remembrance hosts guided tours, memorable exhibitions and informational workshops. Spend the day with the family at the Melbourne Zoo or at the SEA LIFE Melbourne Aquarium. You also can’t miss the Australian Open held annually at Melbourne Park and catching a game at the Melbourne Cricket Ground or at AAMI Park. To add, the Kings Domain has acres of green fields by the Yarra River where you can unwind and the Fitzroy Gardens has vast walking paths and historical features.

If you’re interested in finding a new home or investment, look no further than Melbourne’s phenomenal CBD! 

Image Credit: visitmelbourne.com

Looking to purchase an off the plan property in Melbourne CBD? Get in touch with iBuyNew and speak to our team of experts on 1300 123 463 to find out how we can help. Click here to find out the latest facts and figures on Melbourne CBD.  

View new and off the plan properties in or near Melbourne CBD here.