Melbourne

VIC 3000

The Melbourne central business district (CBD) is the city center and main urban area of Melbourne, Victoria, Australia. It is located on the Yarra River and is known for its Hoddle Grid, which is the oldest part of the city laid out in 1837. The CBD is surrounded by inner suburbs and includes prominent landmarks such as the Queen Victoria Market, St Kilda Road, Royal Parade, and Victoria Street. It is a major financial center in Australia and the Asia-Pacific region, home to headquarters of major companies such as BHP, Rio Tinto, ANZ, National Australia Bank, Telstra, and Crown. The CBD is also known for its mix of contemporary and Victorian architecture and is recognized as a "City of Literature" by UNESCO. With a population of 54,941, the CBD has experienced significant growth in recent years, particularly in residential units. It has become a mixed business and residential district, attracting students and young professionals. The demographics of the CBD are diverse, with only 14.3% of residents born in Australia. The most common places of birth are China, Malaysia, India, Indonesia, and South Korea. The CBD is well-connected with public transport options, including train, tram, and bus networks, making it easy to navigate within and around the city. Additionally, the CBD is known for its cultural attractions, including theaters, galleries, street art, and a vibrant culinary scene.

AREA

6.5866 km²

POPULATION

54,941

OWNER OCCUPIED %

26%

LARGEST AGE GROUP

20-30

MEDIAN MONTHLY MORTGAGE

$1,800

MEDIAN WEEKLY RENT

$650