Coolaroo VIC, 3048
Coolaroo Real Estate: Suburb Profile
Searching Coolaroo, VIC 3048 for a new home? It's critical to know if the suburb ticks all the boxes regarding your budget and lifestyle. The Homes.com.au suburb profile removes the guesswork by providing the Coolaroo median property prices, market trends & demographics so that we can help you make informed decisions about your future purchase.
If you are considering packing up and moving to Coolaroo, continue reading for a brief historical overview to discover more about the fantastic lifestyle and what makes this suburb a worthy option.
Overview Coolaroo is a Melbourne, Victoria, Australia neighbourhood along the Hume Highway, between Broadmeadows and Somerton, and to the north of Melbourne CBD. Coolaroo has a population of 18,025, according to the 2016 Census. Moreover, The Castle, a famous film from 1997, was set near Coolaroo, even though the home portrayed was in Strathmore. Coolaroo train station opened to travellers on Sunday, June 6, 2010, over 40 years after proposals for a station were initially floated.
Living in Coolaroo Coolaroo was once considered "undervalued," yet has been named Australia's best-performing cheap neighbourhood. According to a recent CoreLogic research, the former battler 'burb leads the state's "affordable" regions, with the most significant and most constant price hikes. Nevertheless, it is an incredibly convenient place, with a short car or bus ride to the airport and a fair 30-minute trip to the downtown. There are several parks around for children and pets, which are ideal for running or nighttime walks.
History of Coolaroo Coolaroo was part of a vast tract purchased by the Housing Association for a housing project in 1951. The first elementary school opened in the Coolaroo region the following year after development began in 1966. Moreover, Visy Manufacturing and Greer Technologies are larger companies to the north, wherein Visy Manufacturing was founded in Melbourne in 1849 and relocated from Cremorne, Richmond, to Coolaroo in 1979.
Find out more about the Coolaroo property market by joining forces with a skilful Coolaroo real estate agent using our find agent page.
