May 09, 2017
Clifton Hill suburb Profile and review
Situated 4km north east of the CBD, Clifton Hill is considered one of Melbourne’s most liveable suburbs. Once considered a working class suburb it now possess a picturesque and vibrant village ambiance. Clifton Hill is attracting professionals and young free spirited people. The historic character of the streets remain, with some primary examples of well-preserved Edwardian and Victorian homes, both single- and double-storey, adjoining the wide, leafy streets.
Median property prices for houses in Clifton Hill have risen by 43% over the last three years which represents an exceptional gain for home owners. Unit owners have also enjoyed a nice return recording a 28% profit over the last three years which is in contrast to some of its neighbouring suburbs whom have not reaped the same returns.
In 2016, 63 houses were sold in Clifton Hill and the average length of time the market being recorded as 43 days. 36 units were sold in the same period of time with an average of 72 days on the market.
Clifton Hill, the figures
Median House Price - $1,220,000
Population – 5791
Male Residents – 48%
Female Residents – 52%
Median Weekly Income - $1,956
Median Monthly Mortgage - $2,167
Blog Prepared April 2017
Source ABS & Core Logic