East Melbourne VIC, 3002
East Melbourne Real Estate: Suburb Profile
Whether you're buying, renting, or investing in East Melbourne, VIC 3002, it is a good first step to decide if the suburb is worth researching further. The Homes.com.au suburb profile informs you with unique data about East Melbourne property prices, demographics & market trends to help you make an intelligent decision about your potential move to the suburb.
If you're considering a move to East Melbourne, keep reading for a brief historical overview to discover the lifestyle and what the suburb has to offer.
Overview Just two kilometres from the Melbourne Central Business District, East Melbourne is part of inner Melbourne. It is bordered by Richmond, Collingwood, and the Melbourne CBD and is one of the most affluent suburbs in the city. East Melbourne is home to Victoria's major public institutions.
Living in East Melbourne East Melbourne houses the Parliament House of Victoria and the old Treasury Building. St. Patrick's Cathedral is another landmark in the vicinity.
There are many hospitals and health institutions in East Melbourne. It is also a prime destination among health practitioners. Some of its most notable parks are the Treasury Gardens, the Fitzroy Gardens, and Yarra Park. These parks have retained their Victorian-era designs. East Melbourne is serviced by several rail stations, tram, and several bus routes.
History of East Melbourne As one of Melbourne's oldest suburbs, East Melbourne's first residents settled in 1840. Many wealthy industrialists raised their mansions in the area. In the 1960s and 1970s, the suburb experienced a decline in property prices. It was only until the 1990s that East Melbourne was able to pick itself up again. Several exclusive enclaves and apartments sprouted in the area. It remains to be one of the most expensive and coveted suburbs to this day.
Get a better understanding of the East Melbourne real estate market by linking up with a professional East Melbourne real estate agent on our find agent page.
