Safe harbour: Why Docklands is weathering the property downturn

PHOTO: Linda Elmazovski with the view from her dockland apartment. Photo: Leigh Henningham

Docklands has become a surprising safe harbourside for property buyers as Melbourne’s cooling market has battered property prices in many inner-city suburbs.

The suburb derided over the years as a soulless place to live or a ghost town has seen prices in its apartment-dominated market remain steady, while others, such as neighbouring Melbourne, have had medians fall over the past year in particular.

Between March 2018 and 2019, median unit prices in Melbourne slipped 2.9 per cent, while Docklands rose 6.8 per cent to a median of $630,000, Domain data shows.

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