Armadale vs Thornbury

Demand 7/10: Malvern Road is Melbourne's boutique-retail heartland — foot traffic is low by inner-city standards but extraordinarily high in spend per visit, with an affluent catchment (household income $130K+) that makes deliberate, high-ticket purchasing decisions.

Demand 7/10: High Street (Route 86 tram) generates consistent weekday foot traffic; the growing young professional demographic mirrors Northcote from five years ago — the gentrification curve is real and visible in café spend frequency.