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City of Casey

Devon Meadows

Devon Meadows Property Market
& Suburb Profile

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MEDIAN PRICES IN DEVON MEADOWS

Median house price

(all agencies, last 12 months)$1.5m*

House price change

(all agencies, last 12 months)+18.2%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

DEVON MEADOWS price TRACKER

Houses

Devon Meadows sales overview

  • Sold by Auction 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)49

Average held period in Devon Meadows

(proptrack)10 years

Devon Meadows Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$710pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$510pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)2.84%

Average rental yield for Units

(all agencies, last 12 months)4.19%

Devon Meadows total population size

(as at the last census)1,551

Median household size in Devon Meadows

(as at the last census)2.9

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Devon Meadows property types

  • Houses 67%
  • Other 33%

OCCUPANCY in Devon Meadows

  • Owned 80%
  • Rented 13%
  • Other/Not Stated 7%
  • Singles 17%
  • Families 80%
  • Other 2%

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About Devon Meadows

Devon Meadows is a distinctive and peaceful south-eastern suburb located approximately 50 kilometres from Melbourne's CBD, offering a highly prized semi-rural lifestyle defined by its expansive landscapes, large acreage properties, and a tranquil, close-knit community atmosphere.

The suburb is primarily a Green Wedge Zone with a high proportion of its housing stock consisting of spacious family homes and hobby farms on generous blocks, appealing strongly to families, retirees, and those seeking space and a retreat from dense suburban living. While it maintains its country charm and low population density, residents benefit from convenient access to urban amenities, with local shops catering to immediate needs and the major retail, dining, and service hubs of Cranbourne and Langwarrin just a short drive away.

Education is well-serviced by the local Devon Meadows Primary School, and connectivity is managed via major arterial roads like the South Gippsland Highway and Devon Road, ensuring a manageable vehicular commute, though public transport options are generally limited.

For investors and buyers, Devon Meadows represents a stable and high-end lifestyle market, with a very high rate of owner-occupation and a continuous demand for quality properties that guarantee space, privacy, and future potential, especially considering its designation within a planned development precinct structure.

Education

Devon Meadows Primary School
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Sales Comparison

Find out how Devon Meadows median sales prices compare to neighbouring suburbs.

Devon Meadows MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202523$738,75018.20%14$610pw3.52%
20249$600,000-17.95%12$601pw3.70%
202319$731,2509.35%11$566pw3.49%
202222$668,7505.72%11$501pw3.21%
202118$632,50015.00%9$458pw2.85%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202523$738,750+18.20%
20249$600,000-17.95%
202319$731,250+9.35%
202222$668,750+5.72%
202118$632,500+15.00%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202514$610pw3.52%
202412$601pw3.70%
202311$566pw3.49%
202211$501pw3.21%
20219$458pw2.85%

PROUDLY SERVICING Devon Meadows

Barry Plant
Cranbourne

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NEWS & INSIGHTS

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*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 (Cth).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.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.