Moonee Ponds 3039

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Planning to live or buy a property in Moonee Ponds? 

If you are planning to buy your first home, relocate or buy an investment property in Moonee Ponds and surrounding areas, here’s everything you need to know about the neighbourhood and how the property market is performing. 

 

About Moonee Ponds 

Moonee Ponds is located in Melbourne’s inner north-west, is a vibrant and established suburb known for its blend of history, green spaces, well regarded schools, sporting and arts events, shopping precinct with a wide range of restaurants and bars. It’s less than 7 kilometres from Melbourne’s CBD, making it popular for those seeking a balance between city proximity and a quieter residential feel. 

Moonee Ponds (N) is bounded by Park Street, Grandison Street, Mount Alexander Road, Heritage Street, Lethbridge Street and Buckley Street in the north, Moonee Ponds Creek in the east, Ormond Road and Maribyrnong Road in the south, and Orford Street and Waverley Street in the west.

Once a semi-rural area, Moonee Ponds quickly transformed into a bustling district following the gold discoveries in Castlemaine and Bendigo during the 1850s. By the 1880s, the suburb was well-connected, with a railway line linking Melbourne to Essendon, surrounded by numerous farms, businesses, hotels, and even a police station.

In 1880, Puckle Street, at the heart of Moonee Ponds, welcomed the Essendon and Flemington Institute, whose intricate architecture attracted more businesses to the area. However, it wasn’t until the 1920s and 1930s that Puckle Street Shopping Centre drew even larger crowds.

Today, the population of Moonee Ponds stands at approximately 16,224—50% higher than it was a century ago. 

 

Property market in Moonee Ponds 

• Over the last year, the median unit price in Moonee Ponds last year ranged from $1,565,000 for houses and to $570,000 for units. 
• If you are looking for an investment property, consider houses in Moonee Ponds rent out for $700 PW with an annual rental yield of 2.8% and units rent for $520 PW with a rental yield of 5.6%. 
• Moonee Ponds has seen an annual compound growth rate of 3.7% for houses and 10.7% for units*.

You can find the latest data on Moonee Ponds’ properties here. 

^{_{*Data from realestate.com.au updated in Novmber 2024.}}

 

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