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City of Banyule

Heidelberg West

Heidelberg West Property Market
& Suburb Profile

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MEDIAN PRICES IN HEIDELBERG WEST

Median house price

(all agencies, last 12 months)$786k*

House price change

(all agencies, last 12 months)+2.08%

Median unit price

(all agencies, last 12 months)$645k*

Unit price change

(all agencies, last 12 months)+9.32%

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

HEIDELBERG WEST price TRACKER

HousesUnits

Heidelberg West sales overview

  • Sold by Auction 57%
  • Sold by Private Sale or Other Method 43%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)33

Average days on market (units)

(all agencies, 12 months)25

Auction clearance rate in Heidelberg West

(all agencies, last 12 months)80%

Average held period in Heidelberg West

(proptrack)11 years

Heidelberg West Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$582pw

House rental price change

(all agencies, last 12 months)0.12%

Median rental price for Units

(all agencies, last 12 months)$565pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)3.56%

Average rental yield for Units

(all agencies, last 12 months)4.5%

Heidelberg West total population size

(as at the last census)5,252

Median household size in Heidelberg West

(as at the last census)2.3

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

Heidelberg West property types

  • Houses 44%
  • Units 23%
  • Other 33%

OCCUPANCY in Heidelberg West

  • Owned 42%
  • Rented 54%
  • Other/Not Stated 4%
  • Singles 35%
  • Families 57%
  • Other 8%

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About Heidelberg West

Heidelberg West is a resilient and rapidly transforming inner-north eastern suburb, located approximately 10 to 12 kilometres northeast of the Melbourne CBD, offering exceptional value and convenience within the sought-after City of Banyule.

Historically known for the athletes’ village of the 1956 Melbourne Olympics, the area retains a strong community feel and is currently undergoing significant gentrification, with its housing stock evolving from original post-war homes on large blocks to include modern townhouses and low-maintenance units, appealing to first-home buyers, young families, and investors.

Its strategic location is a major asset, offering immediate proximity to the massive Austin-Mercy Hospital medical precinct, La Trobe University, and the bustling Burgundy Street shops in Heidelberg, providing numerous local employment opportunities and driving consistent rental demand.

Residents benefit from excellent recreational spaces, notably the expansive Darebin Creek Reserve and the Olympic Park precinct, which offer vast parklands and sporting facilities.

Connectivity is strong, with numerous bus routes providing direct links to the nearby Heidelberg and Bell train stations, offering swift city access, and easy vehicular access via Bell Street and the Metropolitan Ring Road.

The suburb’s comparative affordability, combined with its ongoing renewal and robust rental market driven by proximity to major institutions, positions Heidelberg West as an attractive and stable choice for property investment and entry into the inner-north east.

Education

St Pius X School
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Sales Comparison

Find out how Heidelberg West median sales prices compare to neighbouring suburbs.

Heidelberg West MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025152$715,5002.08%172$574pw4.03%
2024157$682,5004.03%177$544pw3.92%
2023178$717,000-7.28%196$511pw3.71%
2022168$714,000-0.09%219$446pw3.33%
2021183$727,92213.46%179$392pw2.86%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025152$715,500+2.08%
2024157$682,500+4.03%
2023178$717,000-7.28%
2022168$714,000-0.09%
2021183$727,922+13.46%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025172$574pw4.03%
2024177$544pw3.92%
2023196$511pw3.71%
2022219$446pw3.33%
2021179$392pw2.86%

PROUDLY SERVICING Heidelberg West

Barry Plant
Ivanhoe

Office 1/120 Upper Heidelberg Road
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Bellfield

Heidelberg Heights

Rosanna

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.