Like many of Melbourne's other trendy neighbourhoods, Brunswick comes from humble beginnings but is today considered a hot spot, renowned for its creative culture and ethnic diversity. This is so much so, that it has recently acquired a name for itself as being the most "musical suburb" on the Melbourne real estate market. A recent study by the Australasian Performing Right Association (APRA AMCOS) ranked Australian songwriters by postcode and uncovered that it is musicians who are taking the biggest slice of Brunswick real estate.
While Brunswick real estate appears to be most popular amongst Melbourne's young and artistic, it does accommodate to a diverse community from mature couples to young families. Its median house price currently sits at $833,500 and is on the rise, but investing in Brunswick real estate can be a more affordable alternative to many of its neighbouring suburbs such as Carlton or Fitzroy. This also applies to Brunswick's rental market, with Brunswick real estate commanding $350/week on average, in comparison to Carlton ($418) or Fitzroy North ($369).
Colourful Brunswick real estate for every buyer under the rainbow
Properties which the Brunswick real estate market can offer a buyer will likely tell a tale of its vibrant history, and just like its residents, it varies from youthful to timeworn. From colourful share houses to quaint bungalows and modern apartment complexes - perhaps Brunswick real estate can provide a property to suit every seeker. This is standard for a suburb such as Brunswick, whose roots are industrial (post world war one), streaked with colour from European influence after Second World War migration.
Brunswick on a platter
This colour is not only splashed through Brunswick's real estate and music scene but also in its vibrant food and café culture on offer. The suburb houses arguably some of the best ethnic fare Melbourne can offer from bargain cheap eats at its number of Vietnamese restaurants, to bite sized baklava at its Turkish patisseries and more notably, award winning Greek cuisine from MasterChef Australia, George Calombaris' Hellenic Republic.
For Melbourne property seekers who are in search of real estate that puts emphasis on the "real", we think Brunswick could be a real good place to start.