Melbourne South Bayside Suburbs | Winter Market Insights

South Bayside continues to demonstrate resilience, supported by its enviable lifestyle offering and long-term desirability. Buyers remain attracted to the region’s combination of beaches, highly regarded schools and strong transport connections.

Current market conditions have placed greater emphasis on quality and presentation. Turnkey family homes and low-maintenance townhouses are attracting strong competition and healthy auction activity, while properties requiring significant renovation are generally taking longer to sell.

This preference for move-in-ready homes is underpinning capital growth across the region. Heatherton recorded house price growth of 13.64 per cent to a median of $1,250,000, while Parkdale increased 12.66 per cent to $1,637,500. In the unit market, Patterson Lakes led the way with growth of 17.54 per cent to a median price of $670,000, followed by strong performances in Carrum and Mordialloc.

The rental market remains exceptionally tight, with renter demand continuing to outpace supply. Well-presented units are leasing quickly and attracting high application volumes, providing confidence for residential rental providers.

Mordialloc units currently deliver a rental yield of 4.81 per cent with a median rent of $475 per week, while Patterson Lakes offers a 4.65 per cent yield and a median rent of $606 per week.

Major infrastructure projects, including the Mordialloc level crossing removals, Frankston Line upgrades and planning for increased housing density around transport hubs are reinforcing long-term growth.

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.