Strathmore, located just 11 kilometres from Melbourne's CBD, has long been a bridesmaid suburb to neighbouring Essendon – but not for much longer.
The past 12 months have seen Strathmore's value soar to new heights, 10 per cent above Melbourne's already unprecedented average house price growth.
Here's the top four reasons why owner-occupiers and investors are snatching up new property in this suburb.
Most Melbourne suburbs have experienced strong capital growth in recent years, but sales show Strathmore is among the strongest performers across the city.
According to CoreLogic property data, Strathmore experienced a 23.41 per cent increase in the median house price in the past year, compared to the overall 13.2 per cent increase in Melbourne's house prices.
Realestate.com.au data shows that since 2012, the Strathmore median house price has risen up to 66 per cent from $787,000 to $1.31 million, while unit prices have increased from $571,000 to $740,000 – a 29 per cent increase.
Strathmore is home to various schools and parks perfect for families with children.
Strathmore Secondary College in particular is one of the north-west's best schools, (and also encompasses the state of the art Victorian Space Science Education Centre in its grounds). This government school achieves exceptionally high VCE results, where 18 per cent of students scored an ATAR over 90 and 38 per cent over 80.
In terms of nearby open spaces for family play and exercise, Napier Park is said to be one of prettiest Aussie bush parks around.
The suburb also is home to the dog park Alf Pearce, and part of the Moonee Ponds Creek Linear Reserve including the famous Moonee Ponds Creek Trail – the shared pedestrian and bicycle path running from Docklands to beyond the Tullamarine Airport.
Strathmore's highly accessible location (22 minutes by train to the city) is attractive to commuters looking to buy or rent in the city's north-west, making properties here a sound investment option.
According to Realestate.com.au, Strathmore attracts a higher rent than all its neighbouring suburbs, despite being less well known. The Strathmore median rent is currently $500 a week compared to $480 a week in Essendon, $420 a week in Pascoe Vale, and $415 a week in Essendon North.
The data shows properties in Strathmore are in high demand, achieving an average 1907 visits per property on Realestate.com.au, which is more than double the Victorian average of 904, and again well above those of its neighbours (Essendon attracts 780, Pascoe Vale 1398, and Essendon North 849).
Strathmore is quickly becoming home to some of Melbourne's leading architect-designed developments, including Dublin by Chisel Developments.
Boutique-sized developments such as Dublin, designed by DesignWorx Architects, are a welcome introduction to Strathmore, allowing more residents to live in this well-serviced suburb and the coveted Strathmore Secondary College zone.
Dublin will offer a range of apartment sizes to suit first home buyers, downsizers, families and all those in between. Included in each will be spacious living and dining areas, Miele appliances, marble feature tiling, wide board oak flooring and 40mm engineered stone benchtops.