Project Sub Urban
Not just your ‘Everage’ suburb: Investing in Moonee Ponds
By Bidgee (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
In an on-going series of suburb profiles, Jeff Grochowski from Accrue Real Estate discusses the lifestyle and property investment potential of Moonee Ponds.
Moonee Ponds most famous resident is probably Barry Humphries’ comic creation, Dame Edna Everage, whose fame extends not only extends internationally but to having a street in the suburb named for her. Moonee Ponds is also the home of The Valley, one of Victoria’s premier racetracks, where the Cox Plate is run during the Spring Carnival.
Moonee Ponds is around 9kms from the CBD, so getting into the city is fairly quick and easy. There are a number of transport options to choose from: Moonee Ponds Station is located at the western end of Puckle Street, and two trams – Number 82 & 59 – stop at Moonee Ponds Junction. A bus interchange at this junction also means there are many bus routes available. Tullamarine Airport is only half an hour away on the City link.
The suburb is often considered the cultural centre of Moonee Valley, and has some marvellous attractions all fairly much in walking distance to each other. The Clock tower Centre, formerly the Town Hall, is the centre of this with it theatre, function centre and café.
The beautiful Queens Gardens is a focal place for families, and is a great place for jogging, walking, having a picnic, kicking a ball around or enjoying a quite coffee or breakfast in the cottage restaurant. A man-made lake in the middle has a track around it and the two playgrounds on either side of the lake are popular with the children.
Just around the corner is the lively retail and café scene of Puckle Street, a premier shopping strip, with lots of small variety shops, coffee shops and restaurants. There is an arcade with more shops which leads through to generous car parking and still more shops.
Moonee Ponds is attractive to both families and singles. The easy access to public transport allows the choice of a number of public and private schools. The parks, riverside bike tracks, hip cafés and restaurants create the lifestyle attractive to young professionals.
With a median price for units $520,000*, Moonee Ponds represents a great place for investment. A sought after suburb which combines an inner-city vibe with the relaxed feel on an outer suburb, Moonee Ponds offers something for established couples and families or those just establishing their independence.
Close to the city and airport, Moonee Ponds could be the place for your next investment.
Contact Accrue Real Estate to learn more about Moonee Ponds and other Melbourne property investment opportunities.