The well-connected, slowly gentrifying neighborhood has its own identity and is becoming a destination for young professional buyers seeking their first taste of suburbia. This time of year, equestrians around the world turn their eyes to Flemington, a neighborhood at the edge of Melbourne, Australia’s dense inner ring and home to Flemington Racecourse, where the annual Melbourne Cup has been held every November since 1861.Īnd for anyone in the real estate game, Flemington also happens to be known for charming historic properties that offer more value than its pricier neighbors.
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