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Clyde North suburb profile

Clyde North is a rapidly growing suburb located in Melbourne's southeast, approximately 46km from the CBD. Known for its family-friendly environment, it offers a mix of modern housing estates and green spaces, attracting young families and first-time homebuyers. The suburb is well-served by local amenities, including schools, shopping centres, and recreational facilities, making it a convenient place to live. With ongoing development and infrastructure improvements, Clyde North is poised for continued growth, offering residents a blend of suburban tranquility and urban convenience. Its community-focused atmosphere and expanding amenities make it an appealing choice for those seeking a balanced lifestyle.

Clyde North property market performance

Clyde North's property market has shown modest growth over the past 12 months, with both house and unit values increasing by 1.1%. The median house price has reached $725,000, while units have averaged $558,500, indicating steady demand in the area.

Sales activity has been robust, with 230 houses and 16 units sold in the past 12 months. Houses are selling slightly faster than units, with a median of 42 days on the market compared to 44 days for units, suggesting a balanced market.

The rental market in Clyde North has experienced significant growth, with house rents increasing by 11.6% and unit rents by 10.2% over the last 12 months, reflecting strong demand for rental properties in the suburb.

Median price - houses$711KPast 3 months

Median price - units$566KPast 3 months

Change in value - houses0.3%12 months

Change in value - units-3.9%12 months

Houses sold203Past 3 months

Units sold14Past 3 months

Median DOM - houses43Past 12 months

Median DOM - units45.5Past 12 months

Average rent - houses$600Past 12 months

Average rent - units$550Past 12 months

Change in rent - houses10.1%Past 12 months

Change in rent - units11.1%Past 12 months

Clyde North demographics

Clyde North, located in Melbourne's southeastern growth corridor, is a rapidly developing suburb known for its family-friendly environment and modern amenities. With a population of 31,681 and a median age of 30, it is a youthful and vibrant community, attracting young families and professionals seeking a suburban lifestyle with easy access to the city. The suburb's proximity to major roads and public transport options makes commuting convenient for residents.

The housing landscape in Clyde North is predominantly characterized by home ownership, with a significant 67.2% of properties owned with a mortgage. This reflects the suburb's appeal to first-time homebuyers and growing families looking for spacious homes and new developments. Only 9.3% of properties are owned outright, while 23.5% are rented, indicating a stable yet flexible housing market that caters to a variety of living arrangements.

Family life is at the heart of Clyde North, with 64.9% of households being couple families with children, highlighting its strong community focus and family-oriented amenities such as parks, schools, and recreational facilities. The suburb's median total household income of $2,163 per week suggests a comfortable standard of living, supported by local employment opportunities and access to nearby commercial hubs. Clyde North continues to grow as a desirable location for those seeking a balanced lifestyle with the benefits of suburban living and urban convenience.

Clyde North infrastructure, key developments and investment opportunities

Clyde North is experiencing rapid growth and development, with several major infrastructure projects underway. The $1 billion Clyde North Town Centre is in progress, set to provide essential retail, commercial, and community facilities. New schools are also being built to accommodate the growing population, including Clyde North Secondary College opening in 2025 for Year 7 students.

Transport improvements include plans for the extension of the Cranbourne rail line to Clyde, enhancing connectivity to Melbourne. Additionally, several new housing estates are under construction, such as Meridian and Bloom, offering modern residential options. These developments are likely to boost property values and attract more families to the area, solidifying Clyde North's position as a key growth suburb in Melbourne's southeast.

Clyde North rental market trends

The rental market in Clyde North is experiencing robust growth, with house rents increasing 11.6% over the past year to $600 per week, while unit rents have risen 10.2% to $540 per week. This suburb is becoming increasingly attractive for both renters and investors, thanks to its expanding infrastructure and strong rental demand.

Suburbs near Clyde North

Some popular suburbs near Clyde North include:

Common questions about Clyde North

  • Is Clyde North a nice place to live?

    Clyde North is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a wonderful place to live. Known for its family-friendly atmosphere, Clyde North is a vibrant community that appeals to young families and professionals alike. The suburb is characterized by modern housing estates and lush green spaces, providing a serene environment for residents to enjoy. With a strong focus on community, Clyde North offers a welcoming vibe that is perfect for those seeking a balanced lifestyle.

    Families will find Clyde North particularly appealing due to its excellent amenities, including a variety of schools, shopping centres, and recreational facilities. The suburb's proximity to major roads and public transport options ensures easy access to the city, making commuting a breeze. Safety is generally not a concern, and the community-focused atmosphere adds to the suburb's charm. While Clyde North may not have the bustling nightlife of inner-city areas, it compensates with its peaceful environment and family-oriented amenities.

    One trade-off of living in Clyde North is the ongoing development and infrastructure improvements, which can lead to construction-related inconveniences. However, these developments promise to enhance the suburb's livability and increase property values in the long run. For those who prioritize a family-friendly environment with modern conveniences and a strong sense of community, Clyde North is an excellent choice. The suburb's growth and development make it an exciting place to call home, offering residents the best of both suburban and urban living.

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  • Is it expensive to live in Clyde North?

    Living in Clyde North can be considered relatively affordable, especially when compared to Melbourne's inner suburbs. The current median house price is around $725,000, which is quite reasonable considering the rapid development and amenities in the area. For those looking at units, the median price is $558,500, offering a more budget-friendly option for buyers.

    Renting in Clyde North is also manageable, with the average rent for houses at $600 per week and units at $540 per week. These figures are quite accessible, particularly when you consider the average wage in Clyde North is about $112,000 per year. This salary is quite competitive compared to the broader Melbourne area, where the average wage is slightly lower.

    Overall, Clyde North provides a good balance of affordability and lifestyle. With its growing infrastructure and community amenities, it offers a comfortable living experience without the hefty price tag associated with more central locations. If you are thinking of living in Clyde North, it's a suburb that offers value for money while still being connected to the broader Melbourne area.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Clyde North a good place to invest?

    Clyde North is shaping up to be an intriguing option for property investors, particularly those interested in rental income. While the change in median house and unit values over the last year has been modest at 1.1%, the rental market tells a different story. With house rents increasing by 11.6% and unit rents by 10.2%, the suburb is clearly experiencing strong demand from renters, which is a promising sign for potential investors looking for consistent rental returns.

    The suburb's appeal lies in its growing infrastructure and family-friendly environment, making it attractive to both renters and future buyers. As a developing area, Clyde North offers modern amenities and a community-focused lifestyle, which are key factors for long-term growth. While the capital growth in property values has been steady rather than spectacular, the significant rise in rental prices suggests a robust rental market, which can provide reliable income for investors.

    Overall, Clyde North presents a balanced investment opportunity. It may not offer rapid capital appreciation at the moment, but its strong rental demand and community appeal make it a solid choice for those looking to invest in a suburb with potential for steady growth and reliable rental income.

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