Lysterfield Property Market
& Suburb Profile

Lysterfield has maintained its reputation as a sanctuary for affluent professionals and established families, with a community character that prioritises privacy, space, and a deep connection to the natural environment. The suburb is world-renowned for Lysterfield Park, which contains a massive 82-hectare lake and serves as a premier destination for non-powered boating, open-water swimming, and a 24-kilometre network of purpose-built mountain bike trails that hosted events for the 2006 Commonwealth Games.

Life in Lysterfield revolves around outdoor recreation and a quiet, safe atmosphere where "traffic" is a rarity and native wildlife, including large mobs of Eastern Grey Kangaroos and wallabies, are common daily sightings. While the suburb is intentionally low-density and lacks a major commercial "high street," residents benefit from its strategic location adjacent to Rowville and Ferntree Gully, providing easy access to the newly redeveloped Westfield Knox and Mountain Gate Shopping Centre for all retail and dining needs.

Education is a significant draw for the area, anchored by the high-performing Lysterfield Primary School - which is currently seeing the construction of a new integrated kindergarten facility set for completion in early 2026 - and the suburb's proximity to prestigious private schools in the surrounding Knox and Casey regions.

From a property perspective, Lysterfield represents a highly exclusive, blue-chip market with one of the highest owner-occupation rates in Victoria. Within premium pockets like the Carrington Estate, homes are frequently situated on allotments of 1,300 square metres or more, often commanding prices well into the multi-million dollar range. For investors, the suburb offers exceptional stability and low turnover, as residents typically hold their properties for over a decade, while a limited rental market delivers a strong median house rent.