Maroondah’s property market has remained impressively stable over the past 12 months, outperforming broader Melbourne trends. Property Data Online (PDOL) data for the 12 months to June 2025 shows median house prices in Ringwood rose 2.5% to $1.02 million. Sales volumes increased, underlining vendor confidence and buyer interest in well located, family friendly suburbs.
This confidence is also reflected in the continued strength of premium homes. These well presented, well-positioned properties remain in high demand, with supply lagging. Mid-range homes are seeing steadier buyer interest, particularly from first-home buyers and downsizers, but this segment is more price-sensitive. Homes requiring significant restoration face softer demand, with buyers wary of building
costs.
The Reserve Bank’s decision to cut the cash rate in both February and May – while relatively modest in financial impact – has provided a major psychological boost. However, investment activity has declined, with tighter regulations and higher land taxes prompting many landlords to exit the market. As a result, rental availability has dropped, reinforcing a shift towards owner-occupier demand.
Medium-density development is rising, as more families and downsizers seek low-maintenance living options. At the same time, increased building costs have seen many homeowners choosing to renovate rather than build, placing further pressure on renovation-ready homes.
From rail and roads to health and education, Maroondah is undergoing a once-in-a generation infrastructure renaissance, with billions invested to reshape how people live, travel and connect across the city.
