Question 1

Is Ivanhoe East a nice place to live?

Accepted Answer

Ivanhoe East is a leafy, established north-east Melbourne suburb in the City of Banyule, with tree-lined streets and a domestic character from Federation and interwar cottages, plus pockets of sympathetic modern infill. It appeals to families and professionals who value quiet neighbourhood living, nearby parks and walking routes, and a small-scale village strip with cafes and shops. Public transport is convenient via Ivanhoe station on the Hurstbridge line and major roads provide links to larger shopping and services in neighbouring suburbs.

The community of 3,762 has a median age of 45 and a median total household income of $2,977 a week, roughly $155,000 a year. Couple families with children are the largest family group and most homes are owner-occupied, so the area feels settled and owner-led. Council projects are under way or planned for local parks, the village streetscape, early childhood facilities and aquatic planning, and major utility and transport works also affect the suburb. Whether Ivanhoe East suits you will come down to whether you want quiet, established streets with local park and village convenience.

Question 2

Is it expensive to live in Ivanhoe East?

Accepted Answer

A unit at $885,000 in Ivanhoe East works out to about 5.7 times a typical local household's annual income at the last Census, which places buying a unit somewhat above what households there earned at that time.

Renting looks more affordable by comparison: a house rent of $795 a week would take about 26.7% of a typical local household's weekly income at the last Census (a moderate share), while unit rent of $575 a week would take around 19.3% (a modest share). Whether that feels expensive depends on your own income and circumstances and on whether you plan to rent or buy.

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 East a good place to invest?

Accepted Answer

The recent 12-month movements show a split market. In Ivanhoe East, house values edged down 0.4% while house rents fell 9.5%, so houses saw a marginal decline in price and a solid drop in rental income over the year. Units followed a very different path: unit values fell 12.4% but unit rents jumped 10.6%, meaning unit rental income rose strongly even though unit prices fell substantially. For an investor, the value figures relate to capital growth and the rent figures to rental income, and these numbers show which of those moved more for each property type this year.

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	N/A	$885K
Change in value Past 12 months	-0.4%	-12.4%
Sold Past 3 months	9	21
Median days on market Past 12 months	35	45
Average rent Past 12 months	$795	$575
Change in rent Past 12 months	-9.5%	10.6%

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