Posted by: euzoia | October 11, 2010

C for Collingwood

Property Professor Peter on: C for Colling… – realestate.com.au

by JoeyJ

collingwood factoryMedian House Price – $700,000

Median Unit Price – $500,000

(RP Data – July 2010)

Love them or hate them, Collingwood Football Club have just won the AFL Premiership for 2010. It is timely then to have a close look at the home of the Magpies, the Melbourne suburb of Collingwood.

Collingwood is only 3 km NE from the CBD. It is virtually walking distance to the commercial heart of Melbourne. It has many period homes built in the 19th century. These dwellings are often small workers’ cottages, have stone frontages and red brick side walls. The streets are narrow and the blocks are small but Collingwood is very popular with office workers due to its proximity to the CBD and the café lifestyle it offers.

The main strip shopping and eating precinct is along Smith St. There are some more shops along Johnson St. Collingwood has two schools – St. Josephs Primary School and Collingwood College which caters for Prep to Year 12. The English Language School is also located here as is the Collingwood Campus of Northern Melbourne Institute of TAFE. Collingwood is particularly well serviced by public transport. There is the tram which runs along Victoria St and Smith St, buses in Hoddle and Johnston St and there are two train stations in neighbouring Abbotsford, Collingwood Station and Victoria Park Station.

Why you should buy here

* Collingwood is very close to the city.
* Popular with people who work in the city and can afford to pay the premium for the privilege of living close to the city.
* Collingwood is great renovation territory due to the historical buildings in the area. From the red bricked factories and warehouses to the stone fronted cottages, there are many opportunities to redevelop and/or renovate. Cambridge and Oxford St have apartments that are excellent examples of old being turned into new. There are many examples of old homes being renovated and this trend will continue as demand for this location from high income earners continues.
* Easy access to the Eastern Freeway.

Areas to focus on

North of Sackville St, the streets are wide and often have cobblestone lanes running off them.
Areas to avoid
Johnson and Langridge St, which run east/west, carry a lot of traffic, as does Wellington and Smith St which run north/south. Avoid purchasing property too close to the factories in the area. Southern side of Johnston St has a number of large high rise blocks of Housing Commission flats.

Happy House Hunting!

Written by Peter Koulizos. A lecturer and author of The Property Professor’s Top Australian Suburbs (John Wiley & Sons). For more information, go to http://www.thepropertyprofessor.net.au.


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