Why property buyers love cafe culture
Why property buyers love cafe culture
Melbourne’s iconic strip retail offers you great cafe culture, for example Anderson Street in Yarraville, It’s a groovy go-to cafe destination in the west. For one buyer that might be a dream destination. Then there’s High Street in Northcote, which is a very buzzy, inner north cafe culture driven destination.
Northcote is about seven kilometers north east of the CBD and has seen its median sale price on houses move up 15% to $881,500, according to RP Data. That’s significantly higher than the city’s overall median of around $658,000, as per the Real Estate Institute of Victoria.
If you are in Kew then the Adeney Milk Bar and Cafe is a must visit. Located opposite peaceful parkland in a quiet side street, the menu is very healthy and the coffee is great.
There are many property buyers keen to be as close to town as possible, amid the activity that comes from cafes and bars. Strips like Bay Street in Port Melbourne and Acland Street in St.Kilda are other very popular spots
This post is too short to mention the merits of many other cafe culture destinations in Melbourne. I haven’t even started on the many hidden gems in Melbourne’s CBD.
Does proximity to “cafe culture” affect prices? I think it does. The term “walk score” has been used on many property websites and indicates how a property rates in terms of being able to walk to cafes, shops, schools and transport. Its very relevant both for your future tenant if you are a landlord and for your ease and happiness if the property is to be your home.
When comparing properties to buy, at Buyer Solutions we consider all these factors.
For up to date information on what’s happening in real estate in Melbourne, contact Janet at jspencer@buyersolutions.com.au or 0418 101 146.
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