Boroondara’s housing market remains resilient, reinforced by its status as one of Melbourne’s most soughtafter and aspirational locales. With its exceptional array of high-calibre independent schools, prestigious residential areas, and vibrant cultural and lifestyle amenities, the area continues to appeal to discerning buyers both locally and internationally.
This enviable position is reflected in the continued demand for wellrenovated family homes, alongside renewed momentum behind properties with scope to add value. Homes within the Balwyn High and Camberwell High zones consistently achieve premium prices.
Across the Jellis Craig Boroondara network, our auction clearance rate remained steady at an average of 83% through the June quarter, supported by healthy competition and a grounded approach from vendors. Prices have held firm overall, with some gentle uplift since the February and May interest rate cuts.
In the mid-market, buyers are increasingly active, conscious that once the market moves it might move very quickly. The premium segment, particularly in the $10 to $15 million range, has seen notable growth. Renovated period homes on large blocks are highly prized, and supply has been consistent in terms of both auctions and clearance rates.
Boroondara’s rental market also remains strong. Demand is high, vacancy rates are low and the family-home rental segment is highly competitive. Apartments are strengthening too, particularly in Camberwell, which has seen a 9% rent increase for two-bedroom apartments over the past year, according to the Real Estate Institute of Victoria (REIV). As more investors sell off properties, supply pressures are growing and therefore rental yields are expected to improve.
Local investors and downsizers remain active, seeking luxury, low maintenance homes in well-located pockets. There is keen interest in sophisticated village living in mediumdensity formats, though stock is limited. Enthusiasm is building for unrenovated homes and land, and we are seeing early signs of renewed interest from renovators and builders.
