Question 1

Is Fawkner a nice place to live?

Accepted Answer

Fawkner is a solid, residential northern Melbourne suburb centred on the Upfield line and Fawkner station and anchored by the green expanse of Fawkner Memorial Park. Streets are mostly postwar brick bungalows and modest weatherboard homes, with pockets of low-rise units and townhouse infill. Creekside parkland along Merri Creek, local sporting fields and neighbourhood shopping strips mean everyday recreation and services are close at hand, giving the suburb a practical, established character with ready access to public transport and open space.

It is a suburb of families, with couple families with children the largest household group, and a population of 14,274 and median age of 35. Homes are predominantly owner-occupied, with a combined 68.1% owned outright or with a mortgage. Council-led upgrades are under way or recently completed, including a leisure centre redevelopment with a new 50-metre outdoor pool, a new pavilion and accessible amenities at Moomba Park, and other park and court improvements. Whether that suits you will depend on whether you want an established residential area with easy rail access and plenty of open space.

Question 2

Is it expensive to live in Fawkner?

Accepted Answer

Buying in Fawkner sits well above what local households earned at the last Census. With a median house price of $836,500, a house works out to about 11.3 times a typical local annual household income at the last Census, and the median unit price of $578,000 is about 7.8 times that annual income. Both figures are substantially higher than local annual household earnings as recorded at the last Census, with houses particularly elevated against that benchmark.

Renting also takes a noticeable share of local income. A house rent of $575 a week is about 40.3% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $480 a week is about 33.6%, a sizeable share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Fawkner a good place to invest?

Accepted Answer

Unit values in Fawkner jumped 21.0% over the past 12 months, a strong rise, while house values increased 8.0%, a solid gain. House rents rose 2.7% over the same period, a modest increase, so on the house side capital growth outpaced rental income and units have been the stronger performer on the capital growth measure.

If you are weighing Fawkner as an investment, these figures show that capital gains have been the standout over the last year, particularly for units, while house rental income has moved only modestly. Whether that mix suits you depends on whether you prioritise capital growth or rental income in your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$837K	$578K
Change in value Past 12 months	8.0%	21.0%
Sold Past 3 months	57	14
Median days on market Past 12 months	32	34
Average rent Past 12 months	$575	$480
Change in rent Past 12 months	2.7%	N/A

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