Sunday, June 03, 2007

North Melbourne

As promised, here are photos of the townhouse, I (with the bank) are now a home owner of.

North Melbourne Townhouse

No surprise, I am a HUGE fan of North Melbourne and my townhouse. Some little facts:

  • 187 Abbotsford Street, is in fact the storage shed of one of Melbourne's last tramhouses (the fa├žade at the entrance is the only remaining part of the structure). Tramhouses provided the power for Melbourne's cable tram system at the turn of the 20th century.
  • The median price of a house in North Melbourne is 545000; the population is just over 9000 people, 42% are aged between 18-35
  • Only 10% of people living in North Melbourne are owner-occupiers (so a very transient population), 40% are professionals, and the top 10% of income earners are above the national average
  • And as an aside, it also has an above average crime rate - 337 incidents per 1000 people, so I guess I have a 1-in-3 chance of being robbed!
It is an interesting little suburb, somewhere between the grunge popularity of Richmond and the industrial inner-city, but expensive South Melbourne. And Errol Street, North Melbourne is fantastic - it appears every week a new cafe is opening - to cater for the inner city urbanite. Anyway, I have only lived here now for 5 months, so I will report back once I have been here for a little longer.

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