Mortgage Broker Collingwood
Book your free, no obligation appointment with your local expert broker.
Collingwood is a dynamic and eclectic suburb located about 3 kilometers north-east of Melbourne’s Central Business District in Victoria, Australia. Known for its gritty charm, creative energy, and rich industrial history, Collingwood has transformed into a hotspot for culture, dining, and contemporary living.
Collingwood is renowned for its thriving arts scene and creative industries. The suburb is dotted with art galleries, studios, and co-working spaces, attracting artists, designers, and entrepreneurs. Street art and murals add color and character to its urban landscape, making it a visually engaging area.
Collingwood's housing market is a mix of heritage charm and modern development. It features a range of property types, including renovated Victorian terraces, converted warehouse apartments, and new high-rise apartment buildings.
The area's industrial past has given rise to many unique and stylish residential conversions, which are particularly attractive to young professionals, creatives, and investors looking for modern living spaces with character. Due to its proximity to the city and vibrant local culture, property demand in Collingwood is strong, often resulting in competitive real estate prices. Rental properties are also popular, particularly among young adults and students.
Last month Collingwood had 111 properties available for rent and 83 properties for sale. Median property prices over the last year range from $1,135,000 for houses to $610,000 for units. If you are looking for an investment property, consider houses in Collingwood rent out for $750 PW with an annual rental yield of 3.5% and units rent for $650 PW with a rental yield of 5.3%. Collingwood has seen an annual compound growth rate of -3.0% for houses and -6.2% for units.
Overall, Collingwood offers a distinctive urban lifestyle with its blend of culture, cuisine, and community, making it a highly sought-after suburb for those looking to live close to the heart of Melbourne.
