8/24 Auburn Grove, Hawthorn East VIC 3123
8/24 Auburn Grove, Hawthorn East VIC 3123
2-bed 1-bath 1970 low-rise | long owner-occupier street | near Auburn Station and schools | likely courtyard or car space | stable inner-east pocket
The property is understood to be a two-bedroom, one-bathroom unit in a 1970s low-rise complex on one of Hawthorn East’s more established streets. Its setting is a stable, tree-lined pocket where owner-occupiers are known to remain for decades, which supports both lifestyle amenity and price resilience. The unit is likely suited to downsizers or professional couples seeking a low-maintenance base close to Auburn Village, Camberwell Junction, and well-regarded schools. While it is not a premium new build, its configuration is practical and its location is genuinely sought after, making it a strong entry point into an expensive suburb.
Value may be influenced by the unit’s internal condition, which is not directly confirmed; unrenovated examples are known to have traded with a material discount to recently updated stock. Parking configuration and floor level might also be influential, as ground-floor courtyard units and secure car spaces are seen to command a premium. The absence of confirmed renovation details should be weighed when a price view is formed.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/24 Auburn Grove, Hawthorn East VIC 3123
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Hawthorn East anchors Melbourne’s inner east, with tram, train and road links providing solid CBD access. Demand is led by professionals and families drawn to strong school catchments and nearby employment hubs. House prices present a bifurcated picture: reported medians range from $2.21m to $2.58m, with most sources showing a mild annual decline of 1% to 3%. Units offer a cheaper entry point at $560k–$650k, though growth is mixed, from -3.1% to 1.9%. Houses trade in around 34–39 days, suggesting steady but not overheated turnover. Future growth relies on infrastructure accessibility and the depth of high-income buyer demand. The main constraints are severe affordability at a ~$2.5m median, sensitivity to interest rates given large loan sizes, and year-on-year variability in sales volumes that signals supply fluctuations.
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PropCred Estimated Value
Comparable Sales: 4/11 Auburn Grove sold for $709,000 | Property Price Band: $650K-$750K | Value Drivers: condition, courtyard/outdoor space, parking configuration
Bedrooms
2
Bathroom
1
Parking
1
Land
715m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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