177-181 Johnston StreetCollingwood VIC 3066
Property Details for 177-181 Johnston St, Collingwood
Last Listing description (October 2023)
CBRE Hotels are pleased to present for sale the Woodpackers Hostel/Backpackers on a 558sqm north-facing corner site in a prime Collingwood location.
The offering provides a modern fit-out with a reception, 4 principal dormitory rooms, a full commercial kitchen, 10 rooms that are a mix of private and shared accommodation and a large rear courtyard. The property offers three street frontages yielding high exposure and ideal facilities to re-establish a successful operation. The Hostel is located only 4km from the Melbourne CBD and is well serviced by public transport.
- Fully Renovated Budget Hotel (backpacker hostel)
- 558sqm north facing site with 3 street frontages, and a 21.36m frontage to Johnston St
- 4km to Melbournes CBD
- Opportunity to owner occupy of lease to qualified operators
- Popular Collingwood location close by to retail, restaurants, bars and transport links
- Mix of private and dormitory accommodation
- Commercial kitchen & large rear courtyard
Property History for 177-181 Johnston St, Collingwood, VIC 3066
- 03 May 2025Sold for $2,761,000
- 20 Apr 2023Listed for Sale Contact Agent
- 08 Mar 2016Sold for $3,000,000
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About Collingwood 3066
The size of Collingwood is approximately 1.3 square kilometres. It has 5 parks covering nearly 2.2% of total area. The population of Collingwood in 2016 was 8513 people. By 2021 the population was 9179 showing a population growth of 7.8% in the area during that time. The predominant age group in Collingwood is 30-39 years. Households in Collingwood are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Collingwood work in a professional occupation.In 2021, 33.30% of the homes in Collingwood were owner-occupied compared with 30.40% in 2016.
Collingwood has 8,749 properties. Over the last 5 years, Houses in Collingwood have seen a 7.33% increase in median value, while Units have seen a 1.21% increase. As at 30 November 2025:
- The median value for Houses in Collingwood is $1,269,727 while the median value for Units is $691,133.
- Houses have a median rent of $715 while Units have a median rent of $680.
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