Just six kilometres east of Melbourne's CBD, Hawthorn has long been a magnet for those seeking a combination of elegance, convenience, and community. Known for its grand homes, tree-lined streets, and lifestyle amenities, Hawthorn attracts discerning buyers who seek an exceptional living experience. This article explores Hawthorn's real estate market and statistics that highlight the suburb's appeal.
Hawthorn's real estate market is distinguished by its diversity and affluence. The suburb features a mix of Victorian-era mansions, Edwardian houses, and modern apartments, catering to a variety of tastes and lifestyles. The median house price in Hawthorn is approximately $2.2 million, reflecting its status as a sought-after location (source: Domain). Recent high-value sales have seen properties exceeding $5 million, highlighting the strong demand for luxury homes. Apartments and townhouses in Hawthorn offer a more accessible entry point into this prestigious suburb, with median prices around $750,000. These properties are particularly popular among young professionals and downsizers who appreciate the area's lifestyle amenities and proximity to the CBD.
Hawthorn is home to some of Melbourne's most prestigious educational institutions, including Scotch College, one of Australia's oldest and most respected boys' schools, Methodist Ladies' College (MLC), an independent girls' school, and Swinburne University of Technology.
Glenferrie Road is Hawthorn's main shopping precinct, featuring an array of boutique stores, gourmet food shops, and fashion outlets. For a unique shopping experience, the Hawthorn Makers Market offers artisanal products and local crafts.
Hawthorn residents enjoy access to several beautiful parks and green spaces. Central Gardens, also known as Rocket Park, is a favourite among families for its playgrounds and picnic areas. Studley Park, with its extensive walking trails and Yarra River views, provides a tranquil escape for nature lovers. Additionally, Fairview Park offers picturesque scenery and open spaces for recreational activities.
Hawthorn is well-serviced by public transport, ensuring convenient commuting options for residents. The suburb has three railway stations—Hawthorn, Glenferrie, and Auburn—providing easy access to Melbourne's CBD. Several tram routes traverse the suburb, connecting it to other key areas of Melbourne.
Hawthorn's dining options cater to a wide range of culinary tastes. Noteworthy restaurants include Osteria 20, offering modern Italian cuisine in an elegant setting, and Santoni, known for its rooftop dining and authentic pizzas. For a more casual dining experience, Lulo serves up contemporary Latin American dishes, while Axil Coffee Roasters is a favourite for its specialty coffee and brunch menu.
Hawthorn's population is around 23,511, with a median age of 34 years, reflecting its appeal to both young professionals and established families (source: Australian Bureau of Statistics). The suburb has a high proportion of professionals, with 39.7% of residents employed in professional occupations.
The suburb's real estate market remains strong, with a low vacancy rate of around 2.1%, indicating high demand for rental properties. Hawthorn's housing market is also defined by high levels of owner-occupancy, with 58.4% of homes owned outright or with a mortgage (source: CoreLogic).
As a premier suburb in Melbourne, Hawthorn offers an elegant blend of heritage and modernity. Its diverse real estate market, renowned educational institutions, bustling shopping precincts, and excellent transport links provide for a wide array of lifestyles. The suburb's lush parks and varied dining options add to its charm. For those seeking a refined and dynamic living experience, Hawthorn presents a setting that merges elegance, convenience, and a strong sense of community.
