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Yarra Ranges Shire
Monbulk

Monbulk Property Market
& Suburb Profile

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MEDIAN PRICES IN MONBULK

Median house price

(all agencies, last 12 months)$882k*

House price change

(all agencies, last 12 months)-0.06%

Median unit price

(all agencies, last 12 months)$666k*

Unit price change

(all agencies, last 12 months)+5.71%

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

MONBULK PRICE TRACKER

HousesUnits

MONBULK 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)22

Average days on market (units)

(all agencies, 12 months)11

Average held period in Monbulk

(proptrack)20 years

MONBULK INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$672pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$553pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.82%

Average rental yield for Units

(all agencies, last 12 months)4.21%

Monbulk total population size

(as at the last census)3,651

Median household size in Monbulk

(as at the last census)2.7

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

MONBULK PROPERTY TYPES

  • Houses 64%
  • Units 2%
  • Other 34%

OCCUPANCY IN MONBULK

  • Owned 82%
  • Rented 14%
  • Other/Not Stated 4%
  • Singles 21%
  • Families 77%
  • Other 2%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

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ABOUT MONBULK

Monbulk offers a perfect balance of vibrant village life and serene natural beauty, serving as a gateway to the stunning landscapes of the Dandenong Ranges and the Yarra Valley.

Living in Monbulk means enjoying a community-focused lifestyle centred around a bustling main street filled with independent boutiques, local bakeries, and essential services that cater to every daily need.

The suburb is renowned for its rich red soil and horticultural heritage, which is reflected in the surrounding lush nurseries and the famous Tesselaar Tulip Festival held nearby. For those who love the outdoors, the area is a playground of recreation, from the walking trails of Silvan Reservoir Park to the family-friendly picnics at Kays Picnic Ground and the unique experience of the Australian Rainbow Trout Farm.

The local property market is diverse, offering everything from quaint character cottages and mid-century family homes on generous allotments to expansive lifestyle acreages that provide ultimate privacy among the mountain ash trees. Many homes are designed to capture the rolling green views of the valley, blending historical charm with modern comforts.

With highly regarded local schools and a strong sporting culture centered on the Monbulk Recreation Reserve, the suburb provides an ideal environment for families and tree-changers looking for a functional yet tranquil country lifestyle within reach of Melbourne's outer east.

Education

Monbulk College
Monbulk Primary School
Mountain District Christian School
St Paul's School
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SALES COMPARISON

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

MONBULK MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202657$774,000-0.06%27$613pw4.01%
202553$736,000-3.82%28$607pw4.03%
202451$730,025-4.59%17$581pw4.05%
202346$772,5003.57%15$539pw3.77%
202261$420,0005.00%24$491pw3.57%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202657$774,000-0.06%
202553$736,000-3.82%
202451$730,025-4.59%
202346$772,500+3.57%
202261$420,000+5.00%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202627$613pw4.01%
202528$607pw4.03%
202417$581pw4.05%
202315$539pw3.77%
202224$491pw3.57%

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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 28 February 2025 to 28 February 2026, last updated 28 February 2026.