A very narrow gap between gross rental yields and mortgage interest rates is a buy signal for investors.
Growing up in Hawthorn: Suburb Profile
With a large collection of schools and Swinburne University within its boundaries and well serviced by public transport, Hawthorn is a suburb you can grow up in. Why leave when everything you need through each life stage is right at your doorstep?
From their earliest years, Hawthorn residents are spoilt for choice with a range of highly regarded early learning programs and centres. Home to beautiful parks, including Central Gardens, Grace Park and St James Park, Hawthorn is perfect for parents and children alike to enjoy the great outdoors. Once they are of schooling age, children and their parents have even more choice with a great range of private and public schools, including Scotch College, The Erasmus School and St Joseph’s Primary School and a range of state schools.
The suburb’s focus on education continues through to tertiary studies. With schooling completed, students have Swinburne University and The University of Melbourne’s Hawthorn campus at their front door to earn degrees from. Upon graduation, the myriad of public transport options make the transition from student to newly employed seamless. Its proximity to the city means there is no need to relocate as their careers and relationships progress. In their downtime, young residents have a collection of cafes, art galleries and bars available to socialise and unwind.
Hawthorn residents parental needs, as already discussed, are met by the suburb while their social needs can be met through the range of cafes etc. available. The suburb is also home to a collection of shopping precincts to suit the variety of preferences of its residents; these can be found on Glenferrie Road, Burwood Road, Power Street, Church Street and Auburn Road.
For those looking to capitalise on the constant influx of residents’ timeless love for the area through investing in property, there are a range of options. Hawthorn’s brick and timber cottages and townhouses draw the attention of families and house sharing students. And the 1930s to 1970s apartments are an investment dream with a steady flow of students and young professionals to fill them. However, be aware that the large number of students in the area also brings along a large amount of new apartment buildings that do not have the same potential for capital growth as the older, smaller apartment buildings.
Hawthorn’s ability to please the many through each stage of their life from students to families make it an area where we like to purchase for our clients. And after years of buying properties in the area, not to mention our on-the-street observations and analysis of thousands of sales over 21 years, Wakelin Property Advisory has a Hawthorn suburb expertise unmatched by any other buyer’s advocate or buyer’s agent