26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079
Spanning approximately 9992.5 square kilometres, the Greater Melbourne area continues to grow larger with every passing year. From developments in Melton to the newly incorporated Mornington Peninsula, our city is now home to 31 local councils.
Naturally, each one of these councils has its own unique property trends and set of statistics. While we won’t be able to cover every single one, this article is going to focus on five that paint a bit of a picture of the overall market dynamics.
Manningham barely faltered in early 2023 and has been gradually climbing since.
Boroondara dropped a bit late in 2022 and has been steady since.
Banyule peaked big in 2022, dropped big in 2023 and has been rising since.
Darebin was trending similar to Banyule, albeit a bit choppier.
Moonee Valley grew less, fell hardest, and has been rebuilding for a while.
As you can see, each council area has its own unique set of circumstances. Let’s dive into the nitty gritty for all of these right now!
Location: North-eastern suburbs of Melbourne
Suburbs: Bellfield, Briar Hill, Bundoora (shared with Darebin and Whittlesea), Eaglemont, Eltham North (shared with Nillumbik), Greensborough (shared with Nillumbik), Heidelberg, Heidelberg Heights, Heidelberg West, Ivanhoe, Ivanhoe East, Lower Plenty, Macleod, Montmorency, Rosanna, St Helena, Viewbank, Watsonia, Watsonia North, Yallambie.
Banyule has definitely had an interesting ride in the property market. It hit a peak in 2022, saw a drop in 2023, and has been gradually recovering ever since. Known for its leafy, family-friendly suburbs like Heidelberg, Ivanhoe, and Greensborough, it features a great mix of classic suburban homes, charming period properties, and even some newer townhouses.
Location: Inner-eastern suburbs of Melbourne
Suburbs: Ashburton, Balwyn, Balwyn North, Camberwell, Canterbury, Deepdene, Glen Iris (shared with Stonnington), Hawthorn, Hawthorn East, Kew, Kew East, Mont Albert (shared with Whitehorse), Surrey Hills (shared with Whitehorse).
Boroondara has always been a ‘blue chip’ part of Melbourne, especially in the real estate world. What we can see from the data is that even despite market changes, its growth continues to be steady–especially when we compare the numbers from today to those of early 2020.
Location: Northern suburbs of Melbourne
Suburbs: Alphington (shared with Yarra), Bundoora (shared with Banyule and Whittlesea), Fairfield, Kingsbury, Macleod (shared with Banyule), Northcote, Preston, Reservoir, Thornbury.
Manningham
Location: Eastern suburbs of Melbourne
Suburbs: Bulleen, Doncaster, Doncaster East, Donvale, Lower Templestowe, Park Orchards, Templestowe, Templestowe Lower, Warrandyte, Warrandyte South, Wonga Park.
Known for its spacious family homes, townhouses, and a few sleek apartment developments, the area attracts everyone from families looking for room to grow to downsizers wanting a quieter pace of life. Suburbs like Doncaster and Templestowe continue to be popular, thanks to their green spaces, schools, and easy access to shopping and dining.
Location: Eastern suburbs of Melbourne
Suburbs: Bulleen, Doncaster, Doncaster East, Donvale, Lower Templestowe, Park Orchards, Templestowe, Templestowe Lower, Warrandyte, Warrandyte South, Wonga Park.
The property market here has shown steady growth, maintaining resilience even through recent shifts. Known for its spacious family homes, modern townhouses, and luxury apartments—particularly in Doncaster—the area attracts a mix of families, professionals, and retirees. With excellent schools, lush green spaces, and convenient city access, these suburbs offer an appealing balance of suburban comfort and natural beauty.
Location: North-western suburbs of Melbourne
Suburbs: Aberfeldie, Airport West, Ascot Vale, Avondale Heights, Essendon, Essendon Fields, Essendon North, Essendon West, Flemington (shared with Melbourne), Keilor East, Kensington (shared with Melbourne), Moonee Ponds, Niddrie, Strathmore, Strathmore Heights, Travancore.
Moonee Valley was one of the hardest-hit council areas during recent property market downturns, but it has since been steadily rebuilding. With a mix of heritage and modern homes, along with strong infrastructure, the area continues to attract a range of buyers, all the way from families to young professionals. Suburbs like Essendon and Moonee Ponds remain highly sought after (perhaps more sought after than ever).
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If you’re a Melbournian, chances are that, like us, you’ve seen just how topsy-turvy the property market can be. But that doesn’t mean there aren’t excellent opportunities for growth and investment–in fact, there are prospects popping up every day (even right now as we speak).
At Property Analytics, we undertake detailed market analysis that not only keeps up with trends, but also allows us to stay ahead of the curve. Whether it's an opportunity in Manningham, Moonee Valley or a suburb you didn’t even know was part of Melbourne, we’ll provide data-driven insights that are more than a whim.
From shifting prices to emerging hot spots, or chances in buyer demand, we break down the data and present it to you in a way that's easy to understand. This means you can make informed decisions, whether you’re buying, selling, or investing.
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Investing in Melbourne? Here’s Why Housing Market Analysis & Research is so Important
Taking the leap and deciding to invest is one thing, but everything that follows isn’t always easy–especially without professional assistance.
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