We sat down with our Whitehorse directors to explore how the past year has unfolded and what lies ahead for the Whitehorse property market.
How has the Whitehorse market performed in the last 12 months?
Surrounded by parklands and public transport, Whitehorse is an attractive market for families looking for lifestyle balance. The data backs up this demand, with lower than average days on market and a median house price of $1.4 million.1
Surrounded by parklands and public transport Whitehorse is an attractive market families looking for lifestyle balance.
Which Whitehorse suburbs look best placed for stability over the next 12 months?
Value for money suburbs such as Nunawading, Forest Hill and Vermont still have an attractive median price for families upsizing, with homes in these areas starting to be renovated, knocked down and rebuilt.
How do you expect the Whitehorse market will respond to further potential cash rate adjustments?
Demand for well-presented homes should hold tight amid potential cash rate increases. The properties that have the potential to be affected are those that are unrenovated, in less desirable locations, such as on main roads or in commercial areas.
Median property prices
1 Source: Cotality, 01/04/2025 - 31/03/2026 Where a suburb is split across an 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.Whitehorse
-
Blackburn
-
Blackburn North
-
Blackburn South
-
Box Hill
-
Box Hill North
-
Box Hill South
-
Burwood
-
Burwood East
-
Forest Hill
-
Mitcham
-
Mont Albert
-
Mont Albert North
-
Nunawading
-
Vermont
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Vermont South
Median days on market
2 Source: Cotality, 01/04/2025 - 31/03/2026Whitehorse
Rental yield
2 Source: Cotality, 01/04/2025 - 31/03/2026Whitehorse
Current population
2 Source: Cotality, 01/04/2025 - 31/03/2026Whitehorse
- Houses
- Units
Box Hill continues to be a highly desirable suburb for buyers to move into. What drivers are fuelling this high demand?
Box Hill has always been a business hub and satellite city, well known for its multicultural environment. As a growing region, Box Hill continues to attract steady migration due to strong infrastructure and lifestyle appeal.
Metropolitan Melbourne’s vacancy rate is sitting at 1.6%². Blackburn is tighter at 1.3%². What does this high rental demand mean for investors?
It's an exciting time to invest in Whitehorse. Anything that allows for an easier lifestyle – walking distance to the public transport, shops or a school zone – is very popular. The rental market is performing well, and investors are seeing great returns.
Ownership
3 Source: ABS Census 2021 DataWhitehorse
- Own
- 36%
- Purchasing
- 32%
- Rent
- 29%
- Other
- 3%
- Own
- Purchasing
- Rent
- Other
Dwelling type
3 Source: ABS Census 2021 DataWhitehorse
- House
- 64%
- Semi detached
- 24%
- Unit / apartment
- 12%
- House
- Semi detached
- Unit / apartment
What does FY27 and beyond look like for the Whitehorse property market?
We expect reduced stock levels, which will help keep median prices across Whitehorse at a sustainable level. Supply and demand have always remained very resilient throughout recent years.
Fast Four with Daniel Bullen
Local secret
Natural Science Wine Bar in Laburnum Village.
Memorable sale
9 Larch Street, Blackburn, which sold for an impressive $2.775m.
Design focus
Wellness rooms, such as saunas, ice baths, gym equipment, and yoga rooms.
One to watch
The Bellbird precinct in Blackburn.
