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Strathmore is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience. Its leafy streets and welcoming atmosphere make it an attractive place for families and individuals seeking a peaceful yet connected lifestyle. The suburb is renowned for its strong sense of community, where neighbors often come together for local events and activities, fostering a warm and inclusive environment. With a variety of housing options, from charming period homes to modern developments, Strathmore caters to a diverse range of residents, enhancing its vibrant community feel.

Families will find Strathmore particularly appealing due to its excellent educational facilities, including reputable schools that are highly sought after. The suburb's proximity to parks and recreational facilities provides ample opportunities for outdoor activities, making it ideal for those who enjoy an active lifestyle. Strathmore's convenient access to public transport, including train and bus routes, ensures easy connectivity to Melbourne's CBD, making it a practical choice for professionals who commute to the city.

While Strathmore offers many advantages, there are a few trade-offs to consider. The suburb's desirability and proximity to the city can result in higher property prices compared to more distant suburbs. Additionally, while it boasts a peaceful environment, those seeking a bustling nightlife or a wide array of dining options may need to venture into nearby areas. However, the suburb's charm, community spirit, and family-friendly amenities make it a wonderful place to call home for those prioritizing a balanced lifestyle with city accessibility.

Living in Strathmore can be considered expensive, especially when compared to the average wage in Melbourne. The current median house price in Strathmore is approximately $1,525,000, which is quite high. If you are thinking of renting, the average rent for houses is about $700 per week, while units, although less common, average around $500 per week. These figures suggest that housing costs in Strathmore are significant and could take up a large portion of one's income.

The median total household income in Strathmore is $2,506 per week, which translates to an annual income of around $130,312. This is higher than the average annual wage in Melbourne, which is approximately $98,000. Despite this higher income, the substantial property prices and rental costs in Strathmore mean that living here could still be financially challenging for many people.

Overall, while Strathmore offers a desirable location close to Melbourne with its own unique charm, the cost of living, particularly in terms of housing, is on the higher side. If you are thinking of living in Strathmore, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with residing in this appealing suburb.

Strathmore is an attractive option for property investors, particularly those looking for steady growth in house values. Over the past year, the suburb has experienced an impressive 8.3% increase in median house values, indicating strong demand and a healthy market. This growth suggests that Strathmore is a desirable location for buyers, which can be attributed to its appealing residential environment and proximity to essential amenities.

While the rental market in Strathmore has remained stable with no change in rent for both houses and units over the last year, this stability can be seen as a positive for investors seeking consistent rental income. The suburb's family-friendly atmosphere and well-regarded schools make it a popular choice for long-term renters, ensuring a steady demand for rental properties.

Although unit values have seen a more modest increase of 3.4%, this still represents growth and potential for future appreciation. Strathmore's combination of strong house value growth and stable rental returns makes it a solid investment choice for those looking to benefit from both capital gains and reliable rental income. Overall, Strathmore presents a balanced investment opportunity with its steady market performance and enduring appeal to families and renters alike.