Question 1

Is Ivanhoe a nice place to live?

Accepted Answer

Ivanhoe is a leafy, established suburb with a village feel centred on Ivanhoe Village and the train station on the Hurstbridge line. Tree-lined streets of federation and interwar homes sit on generous blocks, with pockets of more recent townhouses near the main roads. The area attracts families, professionals and downsizers who value quiet residential streets, nearby parkland and riverside trails, a selection of cafes and specialty shops, and straightforward rail links into the city and surrounding precincts.

About 13,374 people live in Ivanhoe and the median age is 40. Families are prominent, with couple families with and without children accounting for about 85.6% of family households; most dwellings are owner-occupied while renters make up roughly a third. The suburb is seeing council-led work, including a staged redevelopment of the Ivanhoe Aquatic Centre, active-travel and open-space initiatives along the Hurstbridge rail corridor, and planned upgrades to Ivanhoe station. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Ivanhoe?

Accepted Answer

In Ivanhoe, a typical local household earned $2,232 a week at the last Census, and comparing that to current housing costs shows different pressures for renting and buying. House rent of $750 a week would take about 33.6% of that weekly income, while unit rent of $575 a week would take about 25.8% — a sizeable share for houses and a moderate share for units. On the buying side, the median house price of $1,530,000 is roughly 13.2 times a typical local annual household income at the last Census, which sits well above local incomes, while the median unit price of $605,000 is about 5.2 times annual income, somewhat above local incomes. 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 Ivanhoe a good place to invest?

Accepted Answer

The clearest movement in Ivanhoe over the past 12 months is in unit rents, which rose 4.5%. At the same time both house and unit values recorded modest falls, with house values down 3.5% and unit values down 3.2%.

If rental income is your priority, the rise in unit rents is the most relevant figure; if capital growth matters more, the modest falls in both house and unit values are what to consider. Whether that balance suits your plans depends on 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	$1.53M	$605K
Change in value Past 12 months	-3.5%	-3.2%
Sold Past 3 months	47	47
Median days on market Past 12 months	41	45
Average rent Past 12 months	$750	$575
Change in rent Past 12 months	N/A	4.5%

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