Moving to Princes Hill VIC 3054
What the official numbers say about living in Princes Hill — before you pack a box.
At a glance
Housing: buy or rent
Budget around $1,722,500 for a median house (based on 2024 sales). Sale prices moved up about 42% between 2014 and 2024.
Renting? The census median is $462 a week, against a median household income of $2,218 a week.
About 53% of homes are owner-occupied and 42% rented, and the most common dwelling type is the townhouse.
Who you'll be living with
Princes Hill shrank 3% between the 2011 and 2021 censuses (2,075 → 2,005 people).
Around 57% of households are families, averaging 2.2 people per home.
Largest overseas birthplaces: England, New Zealand, Italy; most spoken languages besides English: Italian, Greek, Arabic.
On the ABS advantage scale (SEIFA), Princes Hill sits in the country’s more advantaged bracket (decile 10 of 10).
The commute
The most common way to work is by car (27% of workers), while 53% work from home.
Nearest train station: Jewell, 1.1 km north-west.
Nearest tram stop: Stop 118: Pigdon Street, 300 m east.
Nearest bus interchange: Southern Cross Coach Terminal, 4 km south.
Nearest ferry wharf: Berth 2, 4.1 km south.
Nearest airport: Essendon Fields Airport, 8.6 km north-west.
The Melbourne CBD is roughly 4 km away in a straight line.
Daily life
Mapped locally so far: 94 schools · 813 cafes & restaurants · 54 supermarkets · 159 parks — see them all on the Princes Hill profile.
What's actually nearby
Schools: Princes Hill Secondary College 200 m · Princes Hill Primary School 200 m · Brunswick South Primary School 600 m · Carlton North Primary School 1.1 km · Our Lady Help of Christians Primary School 1.2 km · Sydney Road Community School 1.2 km · Fitzroy Community School 1.4 km · Simonds Catholic College St Brigid's VCE Campus 1.4 km
Groceries: Coles 800 m · Woolworths 800 m · IGA 950 m · Cheaper Buy Miles 950 m · TT Mart 1.1 km · Carlton Supermarket 1.2 km · ALDI 1.3 km · Piedimonte's Supa IGA plus Liquor 1.4 km
Parks and reserves: Hardy Gallagher Reserve 300 m · Hardy Reserve 350 m · Linear Park Reserve 400 m · Princes Park 550 m · Inner Circle Linear Park 600 m · Barkly Street Park 700 m · Shakespeare Street Reserve 700 m · The Avenue Reserve 750 m
What you'll see in the garden
Birds recorded around Princes Hill, most often seen first: Common Myna · Rainbow Lorikeet · Rock Dove · Magpie-lark · Noisy Miner · Red Wattlebird.
How the neighbours compare
The suburbs nearest to Princes Hill, side by side.
| Suburb | People | Median house | Advantage | Canopy |
|---|---|---|---|---|
| Princes Hill here | 2,005 | $1,722,500 | 10/10 | 5% |
| Carlton North | 6,177 | $1,515,000 | 10/10 | 7% |
| Brunswick East | 13,279 | $1,353,000 | 10/10 | 8% |
| Brunswick | 24,896 | $1,300,000 | 10/10 | 5% |
| Fitzroy North | 12,781 | $1,540,000 | 10/10 | 8% |
| Parkville | 7,074 | $1,745,000 | 10/10 | 18% |
| Carlton | 16,055 | $1,390,000 | 9/10 | 9% |
Before you move — quick checklist
- Your council will be Yarra — bins, rates, pets and permits live there.
- You'll vote in the federal electorate of Melbourne — update your enrolment address.
- The postcode is 3054 — handy for utility sign-ups and quotes.
- Check street-level details on the full Princes Hill profile (map, streets, amenities, wildlife).
In short
A house in Princes Hill has a median sale price of $1,722,500 (2024 sales). Renters pay a median $462 a week, and about 42% of homes here are rented.
The population fell 3% between the 2011 and 2021 censuses, from 2,075 people to 2,005. It sits about 4 km from the Melbourne CBD in a straight line, and Jewell station is roughly 1.1 km away. Local government is Yarra council, and the federal seat is Melbourne.
Weighing up alternatives?
Side-by-side: Princes Hill vs Travancore · Princes Hill vs Cremorne.
Nearby guides: Carlton North · Brunswick East · Brunswick · Fitzroy North · Parkville · Carlton.
Keep an eye on Princes Hill
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