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Cardinia Shire

Bunyip

Bunyip Property Market
& Suburb Profile

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MEDIAN PRICES IN BUNYIP

Median house price

(all agencies, last 12 months)$880k*

House price change

(all agencies, last 12 months)+22.82%

Median unit price

(all agencies, last 12 months)$480k*

Unit price change

(all agencies, last 12 months)-11.11%

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

BUNYIP price TRACKER

HousesUnits

Bunyip 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)65

Average days on market (units)

(all agencies, 12 months)54

Average held period in Bunyip

(proptrack)11 years

Bunyip Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$604pw

House rental price change

(all agencies, last 12 months)0.03%

Median rental price for Units

(all agencies, last 12 months)$484pw

Unit rental price change

(all agencies, last 12 months)0.01%

Average rental yield for Houses

(all agencies, last 12 months)4.01%

Average rental yield for Units

(all agencies, last 12 months)4.68%

Bunyip total population size

(as at the last census)3,131

Median household size in Bunyip

(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)

Bunyip property types

  • Houses 59%
  • Units 7%
  • Other 34%

OCCUPANCY in Bunyip

  • Owned 85%
  • Rented 11%
  • Other/Not Stated 4%
  • Singles 19%
  • Families 79%
  • Other 1%

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About Bunyip

Bunyip is a town in Gippsland, Victoria, Australia, 81 km south-east of Melbourne's Central Business District, located within the Shire of Cardinia local government area.

The town is named after a mythical creature, known as the Bunyip or Bunyeep, which according to legend lived in and around swampy areas.

The Bunyip shopping precinct consists of a wide variety of businesses. These include a post office, chemist, hair dressers, Fast food shops, grocery stores, accountants and real estate agents, a bakery, a newsagent, Commonwealth and Bendigo banks, hardware and timber merchants, Lawn mower outlet, a veterinarian and two pubs (known locally as the Top Pub and the Bottom Pub due to their position on the sloping main street). In 2007 the Foodworks franchise came to the town when it opened a large supermarket.

Bunyip has an "opportunity shop", with proceeds donated to local organisations. Previous businesses have included Westpac Bank, a drapery store (owned and serviced by Mr and Mrs Frederick Mitchell for many years), a real estate store, 2 petrol/garages (BGS Motors & Frank Kinder's BP), Pound and Ure's Electrical store, a gift shop, shoe shop, Flett's general store, cool store on the corner of Hope Street and Railway Avenue and Manson's Interstate Haulage.

Education

Bunyip Primary School
Columba Catholic School
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Sales Comparison

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

Bunyip MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202556$680,00022.82%19$544pw4.34%
202472$618,250-17.27%30$536pw4.43%
202353$668,6256.17%32$495pw4.10%
202263$656,37515.70%27$434pw3.62%
202184$580,00026.13%27$387pw3.31%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202556$680,000+22.82%
202472$618,250-17.27%
202353$668,625+6.17%
202263$656,375+15.70%
202184$580,000+26.13%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202519$544pw4.34%
202430$536pw4.43%
202332$495pw4.10%
202227$434pw3.62%
202127$387pw3.31%

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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.