Project Sub Urban
The perfect parkland and city mix: Investing in Heidelberg
Heidelberg Station Melbourne.jpg, created: 5 September 2005, used under GNU Free Documentation License
In an ongoing series of Melbourne suburb profiles, Jeff Grochowski from Accrue Real Estate discusses the lifestyle and property investment potential of Heidelberg.
One of Victoria’s earliest settlements, Heidelberg was once a town on Melbourne’s fringe. Settlement after World War II saw Heidelberg absorbed as a suburb; Housing Commission development and the fact it was the site of the Olympic Village for Melbourne’s 1956 games ensured this growth. Heidelberg’s rural and historic roots are enshrined through the art works of Charles Conder, Arthur Streeton, Tom Roberts, Frederick McCubbin and others who as an art collective active in the area in the 1880’s were christened the “Heidelberg School”. This rich history can still be seen in some of the architecture in homes throughout the area; Banyule Homestead, which overlooks the Yarra flatlands, is one of the area’s best-preserved landmarks and a building of great historic significance.
Located around 12km north-east of Melbourne City, the suburb is now thoroughly modern, with fantastic shopping and dining along Burgundy Street and a lifestyle that allows for both indoor and outdoor pleasures. Heidelberg is serviced by a Hurstbridge line train, and a number of buses. Burgundy Street is the hub for public transport, putting you right in the middle of the shops and cafés.
The population is diverse; singles enjoy the lifestyle offered but the suburb is also family friendly. There are also a number of retired residents.
This diversity can be attributed to what Heidelberg offers. Parklands in the area provide trails for hiking, mountain biking, and wildlife watching (birds and kangaroos roam freely around the area). There is plenty of good shopping at Leo’s Fine Foods and Wine or the Warringal Shopping Centre, but buses going to Northland, Westfield Doncaster and Greensborough plaza provide access to a greater range of shops. A major medical precinct and access to quality schooling also contribute to making Heidelberg is a sort after location for people of all ages.
Having experienced almost 24% growth* in the last few years, Heidelberg represents a great place for investment. The population has an average age of 20 to 39, providing a group who are beginning to build a family and those with young families. This means a high rental demand and diversity of tenant.
Just its location and the shops and cafés make Heidelberg attractive, but lifestyle options including parks, schools and the medical precinct mean the suburb would be a great option for your next investment.
Contact Accrue Real Estate to learn more about Heidelberg and other Melbourne property investment opportunities.