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City of Melton

Grangefields

Grangefields Property Market
& Suburb Profile

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GRANGEFIELDS price TRACKER

Houses

Grangefields Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$763pw

House rental price change

(all agencies, last 12 months)0.01%

Average rental yield for Houses

(all agencies, last 12 months)1.13%

Grangefields total population size

(as at the last census)132

Median household size in Grangefields

(as at the last census)3.7

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

OCCUPANCY in Grangefields

  • Owned 91%
  • Rented 21%
  • Other/Not Stated -12%
  • Singles 12%
  • Families 103%
  • Other 0%

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About Grangefields

Grangefields is a dynamic and rapidly emerging residential suburb located approximately 31 to 35 kilometres west of the Melbourne CBD, offering a contemporary, master-planned lifestyle at the forefront of the massive western growth corridor, appealing strongly to young families and first-time buyers.

The suburb is predominantly defined by its Urban Growth Zone status and major master-planned communities which are committed to integrating nature, wide streetscapes, and abundant parklands and wetlands into the design, ensuring residents have significant space and a strong sense of community belonging.

As a major component of the Melton East Precinct Structure Plan, Grangefields is poised to deliver approximately 6,000 homes supported by significant infrastructure, including future town centres, schools, and essential community facilities, all designed to facilitate a self-sufficient lifestyle.

Connectivity is a key strength for commuters, with immediate vehicular access to the Western Freeway for a fast route to the city, and the suburb situated just minutes from the upgraded Rockbank Train Station for an efficient rail link, while also being close to existing retail hubs in Melton and Caroline Springs. Education is supported by nearby schools in surrounding suburbs such as Thornhill Park Primary School and Aintree Primary School, with new facilities planned within the suburb itself to cater to the growing family demographic.

For investors, Grangefields presents an attractive and high-growth market, driven by its strategic location along the transport corridor, continuous infrastructure investment, and the high demand for new, affordable family housing.

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Grangefields MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20250-no change0$763pw1.13%
20240-no change0$739pw1.29%
20230-no change1$722pw1.26%
20221-no change1$638pw1.13%
20211-no change1$553pw1.09%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20250-no change
20240-no change
20230-no change
20221-no change
20211-no change

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20250$763pw1.13%
20240$739pw1.29%
20231$722pw1.26%
20221$638pw1.13%
20211$553pw1.09%

NEWS & INSIGHTS

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Handy tips for the first home buyer

*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.