Hip and hap­pen­ing

Herald Sun - Property - - SUBURB PROFILE -

BRUNSWICK’S strong mi­grant cul­ture and artis­tic bent has cre­ated an invit­ing sub­ur­ban melt­ing pot in Mel­bourne’s in­ner north.

There’s an enor­mous mix of lan­guages spo­ken and re­li­gions ob­served within its eclec­tic mix of homes, which range from early Vic­to­rian work­ers cot­tages and ter­races, to larger tim­ber and brick houses.

But a grow­ing gen­tri­fi­ca­tion is lead­ing to a change as more younger peo­ple move into Brunswick, es­pe­cially a large group of univer­sity stu­dents.

That gen­tri­fi­ca­tion has also at­tracted the eyes of de­vel­op­ers, who are build­ing large-scale apart­ment projects around the Syd­ney Rd cor­ri­dor.

CBD De­vel­op­ment Group de­vel­op­ment co-or­di­na­tor Tim En­right said young pro­fes­sion­als were at­tracted to the cafes, pubs and restau­rants, with a 15-minute tram or train jour­ney mak­ing for an easy com­mute to city jobs.

CBD De­vel­op­ment Group is be­hind the Brunswick Heart pro­ject in Al­bert St.

“Brunswick is a unique lo­ca­tion in which you can de­liver qual­ity prod­uct on large pieces of land, while be­ing close to the city, mean­ing apart­ments are spa­cious, with­out in­creas­ing the price sig­nif­i­cantly,” he said.

Mr En­right said twobed­room apart­ments were most sought-af­ter, with buy­ers keen on bal­conies and rooftop gar­dens, and in­ter­est­ingly, a good amount of bi­cy­cle stor­age.

Brunswick’s cul­tural heart beats hard­est in the com­ing weeks with the Syd­ney Road Street Party a pre­lude to the Brunswick Mu­sic Fes­ti­val.

The tra­di­tion­ally work­ing class sub­urb, also com­bin­ing Brunswick East and Brunswick West, at­tracts pro­fes­sion­als, hip­sters and fam­ily buy­ers.

Houses in Brunswick West tend to be larger and are more pop­u­lar with fam­i­lies, at­tract­ing a me­dian house price of $850,000. While the work­ers cot­tages and brick and tim­ber pe­riod homes of Brunswick East at­tract the younger crowd. They’re pay­ing a me­dian price of $858,000.

Brunswick homes, are sell­ing for a me­dian price of $800,000. Rents in Brunswick are more than $500 per week, the most ex­pen­sive in the City of More­land.

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