Street smarts: The next Melbourne real estate hotspots

Mason Street, Hawthorn. Photo: Scott McNaughton

Mason Street, Hawthorn. Photo: Scott McNaughton

Every suburb has them … those “name” streets that give the suburb its pulling power. Clendon, Lansell, Irving and St Georges roads are long-time Toorak A-list addresses.

In Hawthorn, Kooyongkoot Road, Harcourt Street and Hawthorn Grove are top-10 regulars.

But what about the others – streets that are less well known but set to prosper and become real estate hotspots?

We asked some of Melbourne’s top agents to name the “up and comers” of their patch.

Marcus Chiminello, director, Marshall White:

Malvern

Cressy & Parslow streets

Why?: “They were considered the poor cousin to other more coveted areas of Malvern, but since Malvern Village (at the corner of Tooronga and Malvern roads) has become the new Hawksburn, these streets are in hot demand.”

Armadale

Lambeth, Seymour & Stuart streets

Why?: “Always relatively popular, but now this is where the downsizers are looking to find a Victorian or Edwardian cottage on less land. They want the same style of house they are used to, but with a smaller footprint and the added attraction of being walking distance to High Street and Glenferrie Road.”

Toorak

Church Street, Stonnington Place & Russell Street

Why?: “They are in an area that was previously not a preferred Toorak location but now this is becoming a sought-after area because it offers an Armadale lifestyle with a Toorak address. Land values in the area have risen by 60 per cent in recent years.”

 

Steve Abbott. director Jellis Craig Hawthorn, Balwyn and Glen Iris: 

Hawthorn

Grattan, Brook, Mason & Creswick streets in the river end of Hawthorn

Why?: “It is a very cosmopolitan area favoured by educated professionals and foodies who are lifestyle-driven, want to be close to Richmond and want the combination of infrastructure with family surrounds.

“These streets have got it all: a mix of period and contemporary houses and apartments, proximity to schools, trams, shops and parks with the river and walking tracks very close.”

Glen Iris

Take your pick of the streets in the Summerhill Road precinct up to the Ashburton Village: Yuile Street, Aitchison Avenue, Marquis, Duke, Johnston, and Y streets.

Why?: “It’s the same formula. Properties close to a train station, shopping village, parklands, bike trails and schools are winners.”

Mason Street in Hawthorn. Photo: Scott McNaughton

Mason Street in Hawthorn. Photo: Scott McNaughton

Tim Heavyside, director of Fletchers, Manningham:

Balwyn

Gordon Street

Why?: “It used to be known as a bit of a thoroughfare. Now a lot of the new Chinese community are buying there because it is a wide street. Old homes are being replaced by luxurious, large homes. The new face is as a prestigious, wide, tree-lined boulevard.”

Surrey Hills

Empress, Sir Garnet and Kent roads

Why?: “Guildford Road always had the name and the brand, but now streets like Sir Garnet Road and Empress Road are coming up. Some of the houses in Empress Road have tiny blocks, but have two street frontages and offer huge advantages over time. Kent Road is a wide street with beautiful Victorian and Queen Anne period homes. It’s got a through-road aspect but it’s ready to surge.”

 

Mike Gibson, managing director Kay & Burton:

Toorak

Myvore, Ledbury & Kent courts

Why?: “These courts were developed in the 1960s and the use-by date of those houses is up. For many years it was all about renovation, now it’s more about land value. People are now happy to rebuild. New houses will sell for $6-$10 million.”

 

Peter Kudelka, director Kay & Burton:

Windsor

James, McIlwrick, Earl & Victoria streets and all the other streets west from The Avenue west to Chapel Street

Why?: “Once not a lot of people looked under W for Windsor. Now Windsor is a go-to suburb. That end of Chapel Street has improved out of sight. It has new cafes and bars, shops and is close to transport with Windsor Station and Dandenong Road. A lot of that area was commercial or light industrial but that’s changing and there are some great warehouse conversions.”

Chapel Street, Windsor. Photo: Scott McNaughton

Chapel Street, Windsor. Photo: Scott McNaughton

SUBURB SNAPSHOT

Source: Domain

Source: Domain

WATCH: Windsor’s evolution from cheap to chic

 

 

 

 

 

 

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