We sat down with Greg Earney to explore how the past year has unfolded and what lies ahead for the Yarra Ranges property market.
How has the Yarra Ranges property market performed in the last 12 months?
Yarra Ranges has shown resilience across sales and rentals. Well-presented homes continue to attract strong competition from upsizers and tree-changers. Values have held despite moderating price growth, supported by limited stock and sustained demand. Vacancy rates are low, and rents are trending upward, driven by affordability pressures in inner Melbourne and the appeal of space and lifestyle.
Yarra Ranges has shown resilience across sales and rentals. Well-presented homes continue to attract strong competition from upsizers and tree-changers.
Which suburbs in the Yarra Ranges look best placed for stability over the next 12 months?
Lilydale benefits from transport connectivity, strong schooling and its role as the region's gateway. Mooroolbark and Kilsyth attract first-home buyers and investors through relative value and established amenity. Montrose offers lifestyle appeal underpinned by owner-occupier demand.
How do you expect the Yarra Ranges market will respond to further potential cash rate adjustments?
Further increases may soften short-term buyer sentiment, but underlying demand should hold, supported by affordability relative to inner and middle-ring Melbourne. Many buyers are making lifestyle decisions rather than investment-driven ones, which reduces volatility.
Median property prices
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.Yarra Ranges
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Chirnside Park
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Coldstream
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Kilsyth
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Lilydale
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Montrose
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Mooroolbark
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Mount Evelyn
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Seville
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Wandin North
Median days on market
Cotality, 01/04/2025 - 31/03/2026Yarra Ranges
Rental yield
Cotality, 01/04/2025 - 31/03/2026Yarra Ranges
Current population
ABS Census 2021 DataYarra Ranges
- Houses
- Units
With a median of just 18 days on market¹ compared to Metropolitan Melbourne’s 29¹, Lilydale is outperforming the broader region. What factors are fuelling high demand?
Lilydale offers accessibility, infrastructure and lifestyle. Excellent transport, quality schools, and proximity to the Yarra Valley and the city appeal to first-home buyers, families and investors. A diverse housing mix at accessible price points, combined with its role as a regional hub, continues to strengthen confidence.
We continue to see investors flock to Mooroolbark. What makes Mooroolbark such an attractive suburb for investors?
Mooroolbark offers strong yields, low vacancy and consistent renter demand, supported by its competitive entry price point. Family appeal and long-term tenancy patterns provide stability, and the combination of yield and steady capital growth makes it a well-balanced option.
Ownership
ABS Census 2021 DataYarra Ranges
- Own
- 35%
- Purchasing
- 48%
- Rent
- 14%
- Other
- 3%
- Own
- Purchasing
- Rent
- Other
Dwelling type
ABS Census 2021 DataYarra Ranges
- House
- 94%
- Semi detached
- 5%
- Unit / apartment
- 1%
- House
- Semi detached
- Unit / apartment
What does FY27 and beyond look like for the Yarra Ranges property market?
Steady, sustainable growth rather than rapid price acceleration. Population movement toward lifestyle regions will continue, supported by hybrid work. Infrastructure improvements, demand for larger homes, and the region's natural amenity will continue to support buyer and renter demand. We anticipate tight rental conditions and ongoing investor appeal will contribute to stability over the medium term.
Fast Five with Greg Earney
Favourite street
Sunset Drive, Chirnside Park – incredible homes and outlooks.
Local secret
The Aqueduct Trail from Mount Evelyn to Silvan.
Memorable sale
A weatherboard property in Wandin North whose sale blew away the vendors, and the buyers were ecstatic.
Design focus
Big windows that connect the home to the outside.
One to watch
The Warburton market is tipped for growth.
