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Shire of Nillumbik

Strathewen

Strathewen Property Market
& Suburb Profile

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STRATHEWEN price TRACKER

Houses

Strathewen Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$802pw

House rental price change

(all agencies, last 12 months)0.08%

Median rental price for Units

(all agencies, last 12 months)$806pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)2.83%

Average rental yield for Units

(all agencies, last 12 months)3.44%

Strathewen total population size

(as at the last census)198

Median household size in Strathewen

(as at the last census)2.8

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

OCCUPANCY in Strathewen

  • Owned 79%
  • Rented 14%
  • Other/Not Stated 7%
  • Singles 19%
  • Families 74%
  • Other 14%

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About Strathewen

Strathewen is a unique and deeply tranquil rural conservation suburb located approximately 40 kilometres north-east of the Melbourne CBD, offering a secluded lifestyle defined by its immense natural beauty, vast open spaces, and resilient, tight-knit community spirit.

Nestled in the foothills of the Kinglake Ranges, the suburb is predominantly covered by the Rural Conservation Zone and Green Wedge Zone, which dictates a low-density environment of large acreage properties, protecting the lush greenery and rugged terrain of the area.

The housing stock consists mainly of spacious family homes and rural lifestyle properties set on substantial parcels of cleared or partly cleared land, appealing strongly to established families and professionals who prioritise privacy, space, and a connection to the natural environment.

Residents benefit from the community’s focus on the natural environment, with the Strathewen Reserve providing a grass oval and sports pavilion, and the local Strathewen Primary School operating with an intimate, small-school environment and excellent facilities that draw families to the area.

While there are no major commercial centres, the community is highly engaged, and connectivity is managed via a short drive to the major transport and retail hubs of Hurstbridge and Kinglake, which offer direct rail links and comprehensive amenities.

For investors and lifestyle buyers, Strathewen represents a niche, high-value market where the premium on scarcity of land, conservation zoning, and the enduring strength of the local community ensures stable value and long-term appreciation for its exclusive rural properties.

Education

Strathewen Primary School
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Strathewen MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20250-no change0$804pw3.13%
20240-no change0$778pw3.24%
20233$617,500-1.20%0$705pw2.93%
20221$625,000no change2$650pw2.75%
20211-no change0$567pw2.20%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20250-no change
20240-no change
20233$617,500-1.20%
20221$625,000no change
20211-no change

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20250$804pw3.13%
20240$778pw3.24%
20230$705pw2.93%
20222$650pw2.75%
20210$567pw2.20%

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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.