East Ivanhoe
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Ivanhoe East Melbourne, Victoria |
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 Ivanhoe East
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| Coordinates | 37°46′19″S 145°03′58″E / 37.772°S 145.066°ECoordinates: 37°46′19″S 145°03′58″E / 37.772°S 145.066°E | ||||||||||||||
| Population | 3,762 (2011 census) | ||||||||||||||
| • Density | 1,710/km2 (4,430/sq mi) | ||||||||||||||
| Postcode(s) | 3079 | ||||||||||||||
| Area | 2.2 km2 (0.8 sq mi) | ||||||||||||||
| Location | 10 km (6 mi) from Melbourne | ||||||||||||||
| LGA(s) | City of Banyule | ||||||||||||||
| State electorate(s) | Ivanhoe | ||||||||||||||
| Federal Division(s) | Jagajaga | ||||||||||||||
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Ivanhoe East is a suburb of Melbourne, Victoria, Australia, 10 km north-east from Melbourne's Central Business District. Its local government area is the City of Banyule. At the 2011 Census, Ivanhoe East a population of 3,762.
In the 12-month period to November 2010 Ivanhoe East reported a median house price of A$1.4 million.
Ivanhoe East Post Office opened on 1 November 1939.
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, milk bar, supermarket, bakery and community bank. It also boasts a range of speciality stores such as Austral Piano World and gift shop "So Swish". It is also home to "Floral Impressions", run by award winning florist Kathleen Farrell.
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.
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