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City of Banyule

Lower Plenty

Lower Plenty Property Market
& Suburb Profile

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MEDIAN PRICES IN LOWER PLENTY

Median house price

(all agencies, last 12 months)$1.6m*

House price change

(all agencies, last 12 months)+5.08%

Median unit price

(all agencies, last 12 months)$706k*

Unit price change

(all agencies, last 12 months)-5.93%

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

LOWER PLENTY price TRACKER

HousesUnits

Lower Plenty 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)43

Average days on market (units)

(all agencies, 12 months)29

Average held period in Lower Plenty

(proptrack)13 years

Lower Plenty Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$791pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$577pw

Unit rental price change

(all agencies, last 12 months)0.06%

Average rental yield for Houses

(all agencies, last 12 months)2.87%

Average rental yield for Units

(all agencies, last 12 months)3.85%

Lower Plenty total population size

(as at the last census)3,962

Median household size in Lower Plenty

(as at the last census)2.5

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

Lower Plenty property types

  • Houses 33%
  • Units 33%
  • Other 34%

OCCUPANCY in Lower Plenty

  • Owned 83%
  • Rented 15%
  • Other/Not Stated 2%
  • Singles 26%
  • Families 72%
  • Other 1%

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About Lower Plenty

Lower Plenty is an affluent, serene residential suburb that offers a highly desirable balance between a peaceful, nature-oriented lifestyle and excellent connectivity, situated approximately 16 to 21 kilometres northeast of the Melbourne CBD.

The area is defined by its low-density zoning, featuring large, often luxurious homestead-style homes on substantial blocks of land, some with resort-style amenities, which attracts established families, professionals, and retirees seeking space, privacy, and an almost semi-rural atmosphere.

Natural beauty is a central theme, with the suburb bordered by both the Plenty River and the Yarra River, providing residents with extensive access to bushland, the Main Yarra Trail, and the Plenty River Trail, which are highly popular for cycling, walking, and outdoor recreation, while the presence of the scenic Heidelberg Golf Club further enhances the lifestyle appeal.

Although the suburb maintains a tranquil feel, daily needs are well-catered for by the convenient, small local shopping strip near Main Road, which includes essential services and cafes, while major retail hubs like Greensborough Plaza and the Burgundy Street precinct in Heidelberg are only a short drive away.

Connectivity relies heavily on private vehicles, with swift access to major roads and the Eastern Freeway, and local bus services connecting to nearby train stations on the Hurstbridge line, ensuring a viable commute for city workers.

For investors and buyers, Lower Plenty's appeal lies in its enduring exclusivity, high rate of owner-occupation, and the limited supply of large, quality homes, which supports strong long-term capital growth, with the area’s tranquil setting and family amenities guaranteeing consistent demand for both premium and low-maintenance unit rentals.

Education

Lower Plenty Primary School
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Sales Comparison

Find out how Lower Plenty median sales prices compare to neighbouring suburbs.

Lower Plenty MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202578$1,127,7505.08%49$684pw3.36%
202483$1,146,2508.16%45$635pw3.29%
202389$1,080,000-5.53%67$591pw3.04%
202277$1,111,5003.90%65$537pw2.92%
2021101$1,066,37525.46%67$525pw2.54%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202578$1,127,750+5.08%
202483$1,146,250+8.16%
202389$1,080,000-5.53%
202277$1,111,500+3.90%
2021101$1,066,375+25.46%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202549$684pw3.36%
202445$635pw3.29%
202367$591pw3.04%
202265$537pw2.92%
202167$525pw2.54%

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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.