Melbourne North Eastern Suburbs | Winter Market Insights

Melbourne’s north-eastern corridor, particularly around Mernda and Doreen, continues to attract buyers seeking affordable family living and long-term growth. While cost-of-living pressures have made buyers more cautious, the market remains active for well-priced homes in desirable locations.

Purchasers are taking more time to make decisions and are increasingly favouring private sales with finance and building conditions. Even so, this more measured environment is creating opportunities for first-home buyers and investors.

Capital growth remains impressive across established suburbs. Macleod recorded house price growth of 18.74 per cent to a median of $1,245,000, while Watsonia North rose 10.46 per cent to $961,000. In the unit market, Briar Hill increased 15.77 per cent to reach a median price of $881,025.

Rental conditions remain strong, supported by tight vacancy rates and consistent renter demand. Well-located family homes continue to lease quickly and often attract multiple applications.

Whittlesea leads unit yields with a return of 4.93 per cent and a median rent of $447 per week, while Bundoora houses top the housing market with a 3.85 per cent yield and median rent of $636 per week.

Major infrastructure projects continue to underpin future growth, including upgrades to Yan Yean Road and Bridge Inn Road, as well as investment in the Mernda rail corridor and expanded train stabling facilities. Combined with new townhouse developments and sporting precincts, these projects are helping strengthen the region’s long-term appeal.

Disclaimer: The data in this report has been sourced from Proptrack. Capital Growth statistics are based on sales over the past 12 months from May 2025 to May 2026. We discounted suburbs that had less than 10 sales. Whilst we took every care in preparing this report, Barry Plant Group accepts no responsibility for any errors or omissions.

Individuals are directed to rely on their own enquiries when making investment decisions. The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.