Melbourne Northern Suburbs | Winter Market Insights

Melbourne’s northern growth corridor continues to experience strong demand, driven by population growth and limited housing supply. Despite broader economic challenges, buyer activity remains high, particularly among first-home buyers seeking affordable entry points.

Low stock levels across key suburbs such as Epping are maintaining competitive conditions and placing upward pressure on property values. Well-priced family homes and functional townhouses continue to attract strong interest.

This supply shortage is supporting solid capital growth across the region. Dallas led house price growth with an increase of 13.13 per cent to a median price of $624,500, while Gisborne South rose 12.98 per cent to $1,841,500 and Roxburgh Park increased 10.75 per cent to $726,500.

The unit market has mirrored this momentum, with Dallas units rising 12.72 per cent to a median of $487,500, followed closely by Lalor at 12.57 per cent.

Rental conditions remain highly favourable for residential rental providers. Properties are leasing quickly when priced appropriately, resulting in strong income performance and low vacancy rates.

Roxburgh Park units deliver a rental yield of 5.07 per cent with a median rent of $508 per week, while Campbellfield offers a yield of 4.99 per cent. For housing investors, Wollert leads with a 4.38 per cent yield and a median rent of $594 per week.

Ongoing commercial investment, industrial expansion, and transport improvements connecting Epping to major employment centres continue to strengthen the region’s long-term investment outlook.

For more updates please see our latest edition of our seasonal Investor Advantage magazine.

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.