Princes Hill Property Market
& Suburb Profile

In Princess Hill you will find exceptionally well-preserved heritage streetscapes with wide, tree-lined boulevards and a uniform architectural landscape of Victorian and Edwardian terrace houses that reflect Melbourne’s 19th-century "boom era" elegance.

The lifestyle in Princes Hill is centered on tranquility and a deep connection to nature. Bordered by the expansive Princes Park to the west and the Melbourne General Cemetery to the south, the suburb offers a sense of spaciousness and greenery that is rare for such an inner-city location.

Residents frequent Princes Park for its jogging tracks, sports ovals, and heritage-listed grandstands, while the local village atmosphere is sustained by a small number of traditional corner stores and cafes. For more extensive dining and retail options, the community looks to the vibrant Lygon Street and Nicholson Street corridors in neighboring suburbs, allowing Princes Hill to remain a peaceful, low-traffic sanctuary.

Education is a fundamental pillar of the suburb's identity and a primary driver of its prestige. The suburb is home to the highly regarded Princes Hill Primary School and Princes Hill Secondary College, both of which serve as major social anchors for the community. The secondary college is noted for its unique architectural history, featuring a celebrated Brutalist-style building designed in the 1970s that has since received heritage recognition. These institutions, combined with the suburb's proximity to the University of Melbourne, foster a strong intellectual and creative culture within the neighborhood.

From a property perspective, Princes Hill is one of Melbourne's most "tightly held" and resilient markets. The housing stock consists primarily of grand two-storey terraces and single-fronted Victorian cottages, with very few modern developments or high-rise apartments. This scarcity, combined with the suburb's small geographical size and elite school zoning, ensures that property values remain consistently high.

With its unique blend of historical integrity, world-class parklands, and inner-city convenience, Princes Hill remains one of the most aspirational residential destinations in Melbourne.