Middle Park is the second south Melbourne suburb in our list of top performers: indeed, it’s right next door to top performer Albert Park. It’s a similarly prestigious location, close to the bay – and this, says Dannie Corr, director of Professionals Whiting & Co in St Kilda, is a key factor in ensuring the suburb’s ongoing success.
“The Bayside area is relatively unique in Melbourne,” says Corr, “Unlike Sydney there’s not a lot of waterfront that's close to the city. That means it’s a very popular area – people will flock here on weekends – and very desirable in terms of buyers.”
Middle Park contains some of the best-preserved Victorian architecture in Melbourne and is part of a strict heritage conservation area. There are development restrictions in the area, and new developments are generally sympathetic to the prevailing style, driving up prices.
Like many other premium locations, the suburb has been hit by the volatile nature of the property market over the last few years. Even so, Corr maintains that the combination of period buildings, bayside living and easy access to the city means that Middle Park will continue to be a high performer, says Corr.
“People to aspire to live in these suburbs,” says Corr. “They’re prestige suburbs through and through. People don't sell out unless they've got a good reason, and people always want to buy in.”
Infrastructure, transport parks & gardens and tree lined streets, Middle is located on a flat plane.
Most sought-after properties:
$1.5m- $2.5m - 3 bed, 2 bath properties with 6 principal rooms. Double-fronted period homes create high interest.
Most common properties:
Edwardian homes and Victorian homes, some of the most stunning properties in Melbourne are to be found in this pocket of tree-lined avenues.
Known for its cafes and restaurants catering for the community and visitors. Home to the famous Middle Park Hotel, with sport viewable from every angle, the Victorian Wine Centre, Armstrong Street Deli with amazing baristas with gourmet delights galore at Gumtree.
Local industry and business:
A suburb of mostly small, local small businesses, cafes, restaurants, small boutiques and local amenities.
Port Phillip is creating a new suburb with school and amenities called “Montague”. Beautification of streets;’ a light rail has replaced the 2nd oldest train line in Victoria (1857. The first train line was to Port Melbourne, the second to St Kilda, stopping at Armstrong Street)
Richardson Street, Armstrong Street, Nimmo Street, Beaconsfield Parade, Erskine Street & Langridge Street to name a few
Light rail, buses and cycling lanes
Beaconsfield Parade, Canterbury Road