We sat down with our Kingston directors to explore how the past year has unfolded and what lies ahead for the local property market.
How has the Kingston property market performed in the last 12 months?
Well-presented and priced homes continue to achieve strong results, though rapid growth has moderated. Values have largely held in sought after bayside suburbs however, days on market have increased slightly, and price sensitivity is more evident. Auction clearance rates remain steady, with more buyers and sellers moving to private sale. The rental market is exceptionally strong, with low vacancy, high demand and solid price growth.
Well-presented and priced homes continue to achieve strong results, though rapid growth has moderated.
Which Kingston suburbs look best placed for stability over the next 12 months?
Cheltenham and Mentone benefit from proximity to Southland, strong transport and quality schools. Parkdale and Mordialloc remain highly prized and tightly held, while Highett continues to evolve through gentrification and infrastructure investment. Chelsea, Bonbeach and Edithvale are attracting buyers seeking lifestyle value and connectivity.
How do you expect the Kingston market will respond to further potential cash rate adjustments?
Further increases would move Kingston toward a more balanced environment. Demand may soften at the margins, but structural undersupply, lifestyle appeal and strong rental conditions should continue to support resilience.
Median property prices
Source: Cotality, 01/04/2025 - 31/03/2026 Where a suburb is split across a LGA, the whole suburb has been used to determine a median. Where there are insufficient sales within a suburb over a 12-month period, a median price has not been calculated.Kingston
-
Aspendale
-
Aspendale Gardens
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Bonbeach
-
Carrum
-
Chelsea
-
Chelsea Heights
-
Cheltenham
-
Dingley Village
-
Edithvale
-
Highett
-
Mentone
-
Mordialloc
-
Patterson Lakes
-
Parkdale
Median days on market
Source: Cotality, 01/04/2025 - 31/03/2026Kingston
Rental yield
Source: Cotality, 01/04/2025 - 31/03/2026Kingston
Current population
Source: ABS Census 2021 DataKingston
- Houses
- Units
Metropolitan Melbourne’s vacancy rate is sitting at 1.6%¹. Mentone is significantly tighter at 0.5%¹. What does this high rental demand mean for investors?
The current high rental demand – particularly in tightly held suburbs like Mentone – positions Kingston as a landlord-favourable market, with lower vacancy risk, strong rental growth potential and improving yields. Success still comes down to owning the right property in the right location.
At Jellis Craig, Aspendale records 49 average inspection groups per listing². Why is this neighbourhood so coveted?
Aspendale's pristine beachfront, quality schools, strong community and connectivity continue to draw owner occupiers seeking long-term lifestyle value and quality of homes that we represent in this market. Low housing turnover keeps supply tight, which drives competition and inspection attendance levels.
Ownership
Source: ABS Census 2021 DataKingston
- Own
- 35%
- Purchasing
- 37%
- Rent
- 25%
- Other
- 3%
- Own
- Purchasing
- Rent
- Other
What does FY27 and beyond look like for the Kingston property market?
We anticipate stability with gradual capital growth, continued rental strength and long-term prospects driven by supply constraints and lifestyle demand. For homebuyers and investors, the next phase will reward quality asset selection over market timing.
Dwelling type
Source: ABS Census 2021 DataKingston
- House
- 59%
- Semi detached
- 26%
- Unit / apartment
- 15%
- House
- Semi detached
- Unit / apartment
Fast Five with Byron Kerr
Favourite street
Beach Road, Mentone with its uninterrupted bay views and a lifestyle that defines the area.
Local secret
Kingston Heath Reserve and Mentone Beach at sunset.
Memorable sale
A beachfront property at 7 Maury Lane, Chelsea, offered for the first time in decades – 200 through the door, six bidders, 45 minutes of competition, and a $3.3M result.
Design focus
Private saunas, infrared wellness rooms, and colour drenching.
One to watch
Highett is transitioning into a lifestyle-led hub likely to perform strongly over the next cycle.
