Melbourne South Eastern Suburbs | Winter Market Insights

Melbourne’s south-east continues to stand out as one of Victoria’s strongest investment regions, supported by affordability, rapid population growth and significant infrastructure investment. While buyers have become more considered in response to broader economic conditions, the region’s supply and demand fundamentals remain strong.

Established suburbs and affordable entry points continue to perform particularly well. Eumemmerring led house growth with a 14.29 per cent increase to a median price of $720,000, while Hampton Park rose 14.24 per cent to $650,000. In the unit market, Dandenong surged 17.07 per cent to a median of $780,000, with Pakenham rising 14.95 per cent to $557,500.

This growth reflects strong demand from first-home buyers and owner-occupiers seeking value and long-term liveability.

The rental market remains highly competitive, with low vacancy rates and rapid leasing times supporting strong income returns for investors. Dandenong units currently deliver a rental yield of 5.13 per cent with a median rent of $485 per week, while Springvale offers a 4.97 per cent yield and a premium median rent of $742 per week. In the housing market, Clyde North leads with a 4.36 per cent yield.

Long-term growth prospects are underpinned by transformational infrastructure projects, including the integration of the Pakenham and Cranbourne rail lines into the Metro Tunnel and the development of the Suburban Rail Loop East, further enhancing connectivity and liveability across the region.

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.