hawthorn east

Booming Melbourne Suburbs To Keep An Eye On

Interesting for: Seller, Buyer, Rental Provider

Despite a somewhat rocky year and half for Melbourne’s property market, the last few months have seen a definite shift in momentum. During April to June 2023, many suburbs across the city have seen elite sales results, causing an increase in median pricing across both the housing and unit markets. 
 
The Real Estate Institute of Victoria (REIV) recently released data on some of these red hot suburbs. Here are a select few you need to keep an eye on if you’re looking to buy a home for yourself, or desire to get into the investment game. 
 
Blackburn 
Defined by its family friendly vibe, beautiful leafy splendour, and an array of picturesque streetscapes littered with striking period treasures and stylish modern residences, Blackburn has fast become one of the shining jewels in the eastern suburbs crown. Median house prices in Blackburn grew 9.4% in the last quarter, and it’s easy to see why. Whether its spending weekends down at the vast expanses of the picturesque Blackburn Lake Sanctuary, or grabbing a morning latte at one of the many cafes at Blackburn Station Village and Laburnum Village, this relaxed suburb has quickly become a family favourite. 
 
Doncaster 
With easy access to the CBD via the Eastern Freeway, and with some pockets of the suburb offering stunning vistas thanks to its naturally hilly geography, Doncaster has long been a destination for families and continues to go from strength to strength. House prices were up a staggering 11.5% in the last quarter, reaching a median price of $1,595,000 by the end of June. Westfield Doncaster Shopping Centre is one of the most popular retail outlets in the city, while East Doncaster Secondary College has become one of Melbourne’s most sought-after public high schools in the east.  
 
Moonee Ponds 
With median house pricing rising 8.9% in the last quarter, the inner city gem of Moonee Ponds is definitely a suburb to consider. While it’s close proximity to Melbourne’s bustling CBD is a definite advantage, Moonee Ponds will impress keen inner city dwellers with its charming parklands which includes Queens Park and Ormond Park, the vibrant Moonee Ponds Shopping Centre with a diverse range of eateries and supermarkets plus a Kmart, and the iconic Moonee Valley Racecourse which hosts the Cox Plate in October every year. 
 
Bentleigh 
The Bentleigh unit market was a shining star over the quarter from April to the end of June, with median unit prices rising from $745,000 to $1,060,000. Bentleigh has forever been one of Melbourne most coveted suburbs to inhabit and invest in thanks to its exclusive schools, brilliant cafes, convenient shopping on the energetic Centre Road strip, and excellent public transport options. It also offers a great mix of modern and period dwellings, as well as its share of family homes and townhouse plus more affordable apartment options. 
 
Hawthorn East 
Another standout for both owner-occupiers and investors looking for units with sensational capital growth, Hawthorn East shattered expectations in the last quarter with median unit growth of 14.2%. Positioned right on the cusp of Camberwell Junction and also located so close to exceptional dining and shopping options on Burwood Road and Glenferrie Road, this inner-east pocket is the ultimate blend of entry level boutique apartments both new and old, and expansive family residences. The scenic Fritsch Holzer Park is a sizeable slice of greenery which is centrally positioned, while trams, buses, and train options makes getting around a breeze! 
 
Mount Waverley 
Owning one of Melbourne’s most exclusive school zones, Mount Waverley has risen in popularity over the last decade especially for families, and was a stellar unit performer last quarter with a median unit price rise of 23.1%. The Mount Waverley Secondary College school zone is one of the most desirable high schools in Melbourne, while peaceful streets littered with an array of family residences, plenty of small and larger shopping villages including Mount Waverley Shopping Centre, plus reserves and playgrounds means all your bases are covered. Huntingtower School and Avila College are other excellent schools located in the suburb. 

Related Articles

Warehouse conversion 1
Melbourne’s Warehouse Conversion Craze

In Melbourne, the charm of warehouse conversions has not only been preserved but celebrated, making them a cherished option among homebuyers. These once bustling industrial sites now serve as bespoke residences, creating spaces that are as characterful as the city itself.

Read full article
best homeware brands
The Best Homeware Brands in Australia

In the pursuit of transforming houses into homes, Australians have access to a splendid array of homeware brands that offer unique aesthetics and quality craftsmanship. Whether looking to add a touch of elegance, a splash of colour, or a statement piece, these brands cater to every design vision.

Read full article
fireplaces 1
The Eternal Warmth of Fireplaces

Fireplaces have long been cherished as the heart of the home, providing both warmth and a cosy gathering spot. Historically essential in every period home, they featured prominently from kitchens to bedrooms.

Read full article
Melbournes Love for the main street
Melbourne’s Love For The Main Street

Whether it’s window-shopping at boutique stores, people-watching from a cafe, or enjoying a sundowner from a rooftop bar, Melburnians often find their happiest moments along these bustling locales.

Read full article

Find an Agent

All of our agents have the experience and local knowledge to guide you

Book an Appraisal

Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision

Manage my Property

Switch to Woodards Property Management

Sign up to our mailing list
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.