Carnegie, located approximately 12 kilometers southeast of Melbourne’s CBD, is a well-established and highly sought-after suburb known for its strong community atmosphere, excellent amenities, and convenient transport links. With a population of around 17,500 residents, Carnegie attracts a diverse mix of families, young professionals, and students, benefiting from its proximity to Monash University, major employment hubs, and key transport routes.<br><br>The suburb’s median house price currently sits at approximately $1.4 million, reflecting strong demand and continued growth. Carnegie is well-serviced by public transport, with Carnegie Train Station on the Cranbourne and Pakenham lines providing direct access to the CBD. Trams along Koornang Road and several bus routes further enhance connectivity, making it a well-connected location for commuters and residents alike.<br><br>A key highlight of Carnegie is its vibrant retail and dining scene, centered around Koornang Road, which is known for its diverse array of cafes, restaurants, and specialty stores. The suburb also enjoys proximity to Chadstone Shopping Centre—the largest shopping complex in the Southern Hemisphere—offering world-class retail, dining, and entertainment options just minutes away.<br><br>Carnegie continues to experience steady development, with new residential and commercial projects contributing to its evolving landscape. Its combination of lifestyle amenities, accessibility, and future growth potential makes it an attractive option for investors and homeowners seeking stability and long-term value in Melbourne’s southeast.<br>

<span style="color:rgb(0, 0, 0);"><b>Panda Hot Pot</b></span><br><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Panda Hot Pot is a globally recognized Sichuan-style hot pot restaurant, known for its authentic Chinese flavors, immersive dining experience, and premium ingredients. Originating in China, the brand has expanded internationally, with over 400 locations worldwide, spanning China, Malaysia, Japan, the United States, and Australia. In Australia, Panda Hot Pot has firmly established itself as a leader in the hot pot dining scene, offering a combination of traditional cuisine, elaborate interior design, and a theatrical dining experience.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Australian Presence &amp; Customer Reception</b></span><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Panda Hot Pot currently operates two flagship locations in Melbourne:</span><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Carlton</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> (100 Victoria St, Carlton VIC 3053) – Opened in 2019, this was Panda Hot Pot’s first Australian location and has quickly become one of the most well-reviewed hot pot restaurants in the country, boasting over 10,000 Google reviews with an impressive 4.5-star rating. The restaurant is widely praised for its rich broth flavors, high-quality ingredients, and opulent fit-out, featuring a 16-meter-long, 1.5-tonne steel dragon suspended from the ceiling, adding to its theatrical dining appeal.</span></p></li></ul><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Carnegie</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> (1056 Dandenong Rd, Carnegie VIC 3163) – The brand’s second Australian location, which opened in 2021, has already gained significant traction in just four years, accumulating over 5,000 Google reviews with an average rating of 4.4 stars. Situated in the high-profile ‘1060’ mixed-use development by international developer MRCB Land, this location benefits from high visibility along Dandenong Road, which sees 60,000 cars pass by daily.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Brand Strength &amp; Market Position</b></span><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Panda Hot Pot has distinguished itself by offering an experience that combines traditional Sichuan cuisine with stunning interior décor and cultural performances. The Carlton venue, in particular, features nightly face-changing performances and traditional Chinese music, further enhancing its unique dining appeal. The brand’s emphasis on high-end fit-outs, immersive experiences, and social media-friendly aesthetics has led to significant customer engagement, attracting food influencers and content creators.</span><br><br><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Panda Hot Pot’s strong financial backing, brand recognition, and customer loyalty make it a stable and highly desirable tenant in hospitality precincts.</span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Strong Brand Recognition – With over 400 locations globally and a growing presence in Australia, Panda Hot Pot is a market leader in the hot pot dining segment.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Consistent High Foot Traffic – The brand’s popularity ensures strong and steady patronage, with both Melbourne locations among the city’s busiest Chinese restaurants.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Financial Stability &amp; Long-Term Commitment – The Carnegie location operates on a long-term lease until 2041, reflecting the company’s commitment to its sites.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">High-Value Fit-Out Investment – Panda Hot Pot invests heavily in premium interiors, such as custom lighting, grand chandeliers, and intricate traditional artwork, making its locations highly attractive and difficult to replicate.</span></p></li></ul>

A/1056 Dandenong Rd, Carnegie $182,334 481sqm $379psqm 60 Koornang Road, Carnegie $135,200 300sqm $451psqm 85-87 Koornang Road, Carnegie $184,600 443sqm $ 417psqm Ground / 178 Koornang Road, Carnegie $31,000 45sqm $689psqm 63 Koornang Road, Carnegie $78,450 186sqm $422psqm G02, 285 Neerim Road, Carnegie $93,150 244sqm $382psqm 169 Glenferrie Road, Malvern $107,952 167sqm $646psqm 1489 Malvern Road, Glen Iris $102,907 268sqm $384psqm

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