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City of Melton

Harkness

Harkness Property Market
& Suburb Profile

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MEDIAN PRICES IN HARKNESS

Median house price

(all agencies, last 12 months)$572k*

House price change

(all agencies, last 12 months)+0.26%

Median unit price

(all agencies, last 12 months)$450k*

Unit price change

(all agencies, last 12 months)+12.99%

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

HARKNESS price TRACKER

HousesUnits

Harkness sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)37

Average days on market (units)

(all agencies, 12 months)43

Average held period in Harkness

(proptrack)7 years

Harkness Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$464pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$413pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.75%

Average rental yield for Units

(all agencies, last 12 months)4.64%

Harkness total population size

(as at the last census)12,463

Median household size in Harkness

(as at the last census)3.1

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

Harkness property types

  • Houses 58%
  • Units 9%
  • Other 33%

OCCUPANCY in Harkness

  • Owned 71%
  • Rented 28%
  • Other/Not Stated 1%
  • Singles 17%
  • Families 81%
  • Other 2%

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About Harkness

Harkness is a rapidly growing and highly popular residential suburb located approximately 37 to 40 kilometres north-west of the Melbourne CBD, offering a family-friendly lifestyle and an affordable entry point into the City of Melton growth corridor.

The suburb is defined by its strong mix of established homes and new housing developments within master-planned communities like Arnold's Creek Estate, appealing strongly to young families, first-home buyers, and owner-occupiers seeking modern suburban comfort and space.

Residents benefit from the suburb's cohesive community feel and abundant local amenities, including the Arnolds Creek Children's and Community Centre, numerous local parks, and sports reserves that provide extensive opportunities for outdoor activities and family gatherings.

Education is a key strength, with local schools like Arnolds Creek Primary School, Wedge Park Primary School, and St Catherine's School located within or immediately adjacent to the suburb, catering excellently to the substantial family demographic.

Connectivity is convenient for commuters, with excellent bus services connecting residents to the major transport hub of Melton Train Station on the Ballarat V/Line corridor, complemented by easy vehicular access to the Western Freeway, ensuring a manageable commute to the city.

For investors, Harkness is considered an attractive and stable market due to its comparatively lower entry price, high proportion of family households, and consistent rental demand driven by its local infrastructure and strong educational offerings.

Education

Arnolds Creek Primary School
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Sales Comparison

Find out how Harkness median sales prices compare to neighbouring suburbs.

Harkness MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025294$511,0000.26%339$439pw4.20%
2024294$490,125-1.68%260$435pw4.46%
2023251$508,250-2.60%278$410pw4.26%
2022265$510,25011.31%317$375pw3.85%
2021328$465,0009.18%344$352pw3.67%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025294$511,000+0.26%
2024294$490,125-1.68%
2023251$508,250-2.60%
2022265$510,250+11.31%
2021328$465,000+9.18%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025339$439pw4.20%
2024260$435pw4.46%
2023278$410pw4.26%
2022317$375pw3.85%
2021344$352pw3.67%

PROUDLY SERVICING Harkness

NEWS & INSIGHTS

Your Guide to Victoria's Upcoming Rental Reforms: What You Need to Know

Five things to consider when choosing an investment property

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.