Located 10km north east of Melbourne, Ivanhoe is a typically affluent leafy suburb of Melbourne. With the post office first opening in 1874, Ivanhoe has a long history, and as such retains some of Melbourne’s grandest properties.
Ivanhoe offers some of Melbourne’s most exclusive private schools, Ivanhoe Grammar and Ivanhoe Girls Grammar schools.
Ivanhoe is well known for the Christmas light display held along Ivanhoe’s The Boulevard.
Also recognisable in Ivanhoe is ‘The Centre Ivanhoe’, an Art Deco former town hall, with a clock tower visible from some distance.
At number 644th in the list of Australian suburbs ordered by increase in median house value over the last year, Ivanhoe, 3079 is in the top 20% with a property value increase of 8.84% recorded in median house prices.
Over the longer term, Ivanhoe has seen property prices show investors a 2.55% return over the last 3 years. This is an improvement over the last 12 months.
The most recent median price for Ivanhoe is $985000, with sellers offering an average of -12.86% off the asking price.
With the median price for a house in Ivanhoe being $985000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.38%
Local schools and amenities including Ivanhoe Grammar School and Ivanhoe Girls Grammar School.
Access to the Austin Hospital and LaTrobe University.
Ease of access to Melbourne CBD.
Most sought-after properties:
Quality existing property with high end finishes on larger blocks.
Most common properties:
Quality existing property on large parcels of land.
Upper Heidelberg Road shopping strip including restaurants, fashion stores, and many fine cafes.
Local industry and business:
Zanetti’s Café Bar & Restaurant
Thai Lantern Restaurant
Some high end town houses are becoming available as older properties are subdivided.
Any of the smaller streets between Upper Heidelberg Road and Studley Road
Ivanhoe Train Station
Upper Heidelberg Road leading into Heidelberg Road