12 March, 2017 / Category: News
Not too long ago, Port Melbourne was chiefly industrial and one of the cheapest and poorest suburbs in Melbourne. Since then, it has become one of the wealthiest and most expensive.
This unique and rapid transition was driven by an intense period of urban renewal, which has given Port Melbourne much of its diverse and historic charm. The inner Melbourne suburb still encompasses active industrial blocks and port areas, but many of these have been taken over by the flourishing residential identity. Here, life revolves around the hustle and bustle of Bay Street, where one can enjoy all the food, drink and shopping one needs.
Diverse architecture symbolising a surge in popularity
Port Melbourne contains an intriguing mix of everything from quaint timber cottages to gleaming, boldly designed apartments. This architectural shift epitomises the suburb’s recent revival as an idyllic choice for hunters of the modern lifestyle, but the area is holding on to its historic roots by blending the old and the new. As a result, it has become a sought-after suburb for buyers: the median house price sits at $1.4 million, while the same statistic for units is upwards of $750k.
The perfect combination of bustling city vibes and laid-back living
Soak up the breathtaking bay views from your balcony, take a stroll along the beach, stop by one of the many Bay Street cafés or catch the Port Melbourne Football Club in action. Port Melbourne is all about the modern lifestyle, providing excellent access to the city and the sea – both of which have helped the suburb develop its appeal as a relaxed but culturally rich beachside location just a stone’s throw from iconic areas like St Kilda, Southbank and the CBD. Bay Street is the cultural centre of the suburb, offering a diverse range of cafés, restaurants, pubs and retail outlets.
A hub for independent Melbournians balancing work and leisure
The recent urban renewal has seen an influx of wealthy, middle-aged residents, but not without a vibrant population of young people and long-term residents. The majority of residents are young adults to middle-aged, most of whom have established independence without the need to care for young children. Families may be suited to Garden City at the West End of Port Melbourne, but the suburb is ideal for individuals and couples seeking a relaxed location that’s next door to where it’s all happening.