Ivanhoe East, Victoria
Encyclopedia
Ivanhoe East is an affluent residential suburb in Melbourne
, Victoria
, Australia
, 10 km north-east from Melbourne's central business district
. Its Local Government Area is the City of Banyule. In the 12 month period to November 2010 Ivanhoe East reported a median house price of A$1.4 million and based on the 2006 Census, had a population of 3,784.
Two primary schools are located in the Ivanhoe East area: Ivanhoe East Primary School (a.k.a. I.E.P.S.), a public school, and Mother Of God Primary School(a.k.a. MOG), a Catholic school. The two schools are located side-by-side on Wilfred Road, just south of Lower Heidelberg Road.
According to a 2010 analysis by property research company, R.P. Data - Ivanhoe East is the most tightly held residential housing market in Australia, with residents holding on to their properties for an average of 16 years, compared with overall greater Melbourne and Sydney hold periods of 9.6 years and 8 years respectively. Over that 16 year period between May 1994 and May 2010 median house prices within Ivanhoe East have increased from A$250,000 to A$1.25 million, representing an annual average growth rate of approximately 10.6%. As at December 2010 the median house price in Ivanhoe East (for the 12 months to November 2010) was approximately A$1.4 million.
In a separate article The Age notes that "there is no shortage of trees and parkland in Ivanhoe with large blocks, waterways and hilly vistas as trademarks of the area". "Yet even with all its green charm, the suburb is just a 15-minute drive from the CBD and is classed as zone 1 for train travel". The Ivanhoe East area "blending into Eaglemont" is specifically described as "the area's more exclusive pocket" with "its own dedicated shopping village, which is much quieter than the strip shopping on Upper Heidelberg Road in Ivanhoe central".
Well regarded residential streets within the Ivanhoe East area include: The Boulevard and surrounding tree-lined streets such as Wallis Avenue, Otterington Grove, Hardy Terrace; Keam and Streeton on the Yarra River
side; as well as properties within the Beauview Estate Heritage Overlay Precinct such as York, King and Beauview Parade.
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
, Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, 10 km north-east from Melbourne's central business district
Melbourne city centre
Melbourne City Centre is an area of Melbourne in Victoria, Australia. It is not to be confused with the larger local government area of the City of Melbourne...
. Its Local Government Area is the City of Banyule. In the 12 month period to November 2010 Ivanhoe East reported a median house price of A$1.4 million and based on the 2006 Census, had a population of 3,784.
Today
Lower Heidelberg Road is considered to be the suburb's centre, which hosts a strip of retail stores. Although only a small area, Ivanhoe East has its own church, newsagent, fruit store, butcher, milkbar, supermarket, bakery and community bank. It also boasts a range of specialty stores such as Austral piano world http://www.pianoworld.com.au/ and "So Swish" a locally renowned gift shop http://www.soswish.com.au/.Two primary schools are located in the Ivanhoe East area: Ivanhoe East Primary School (a.k.a. I.E.P.S.), a public school, and Mother Of God Primary School(a.k.a. MOG), a Catholic school. The two schools are located side-by-side on Wilfred Road, just south of Lower Heidelberg Road.
According to a 2010 analysis by property research company, R.P. Data - Ivanhoe East is the most tightly held residential housing market in Australia, with residents holding on to their properties for an average of 16 years, compared with overall greater Melbourne and Sydney hold periods of 9.6 years and 8 years respectively. Over that 16 year period between May 1994 and May 2010 median house prices within Ivanhoe East have increased from A$250,000 to A$1.25 million, representing an annual average growth rate of approximately 10.6%. As at December 2010 the median house price in Ivanhoe East (for the 12 months to November 2010) was approximately A$1.4 million.
In a separate article The Age notes that "there is no shortage of trees and parkland in Ivanhoe with large blocks, waterways and hilly vistas as trademarks of the area". "Yet even with all its green charm, the suburb is just a 15-minute drive from the CBD and is classed as zone 1 for train travel". The Ivanhoe East area "blending into Eaglemont" is specifically described as "the area's more exclusive pocket" with "its own dedicated shopping village, which is much quieter than the strip shopping on Upper Heidelberg Road in Ivanhoe central".
Well regarded residential streets within the Ivanhoe East area include: The Boulevard and surrounding tree-lined streets such as Wallis Avenue, Otterington Grove, Hardy Terrace; Keam and Streeton on the Yarra River
Yarra River
The Yarra River, originally Birrarung, is a river in east-central Victoria, Australia. The lower stretches of the river is where the city of Melbourne was established in 1835 and today Greater Melbourne dominates and influences the landscape of its lower reaches...
side; as well as properties within the Beauview Estate Heritage Overlay Precinct such as York, King and Beauview Parade.
See also
- City of HeidelbergCity of HeidelbergThe City of Heidelberg was a Local Government Area located about northeast of Melbourne, the state capital of Victoria, Australia. The city covered an area of , and existed from 1840 until 1994.-History:...
- the former local government area of which Ivanhoe East was a part