Melbourne's east house prices, March quarter 2026

Melbourne's east house prices in the year to March 2026: down over 20% in Hawthorn, Kew and Canterbury, up 7.5% in Knox. Council by council.

Melbourne's east house prices split in two in the year to the March quarter 2026: the typical suburb's median rose just 0.7% (our calculation), but Boroondara's fell 12.5% while Knox's rose 7.5%. Of the 63 suburbs we cover where at least 10 houses sold, the median house price rose in 36, fell in 26 and was unchanged in one, according to the Victorian Government's Property Sales Report. The falls were concentrated in Boroondara's most expensive suburbs: the median fell 27.6% in Hawthorn and 24.1% in Kew.

These are the latest official suburb figures, published by the Department of Transport and Planning on 29 September 2026. They cover January to March 2026, before the RBA's rate rises in May, September and November (see what the 4.85% cash rate means).

Melbourne's east house prices, council by council

The middle suburb's change in median house price, year to the March quarter 2026, for suburbs with at least 10 sales (our calculation from the Property Sales Report):

Council	Suburbs counted	Middle suburb's change	Suburbs where the median fell
Knox	9	+7.5%	2
Whitehorse	13	+4.3%	4
Monash	8	+4.2%	3
Banyule	9	+3.7%	2
Manningham	6	+1.5%	3
Maroondah	8	+0.6%	3
Boroondara	10	−12.5%	9

Boroondara is the only council where prices fell across the board

Middle suburb's change in median house price, year to March quarter 2026, per cent

Knox
+7.5%
Whitehorse
+4.3%
Monash
+4.2%
Banyule
+3.7%
Manningham
+1.5%
Maroondah
+0.6%
Boroondara
−12.5%

Suburbs with fewer than 10 house sales in the quarter are left out.

Source: LocalAppraisals.au calculation from the Victorian Property Sales Report (DTP), March quarter 2026, CC BY 4.0

Show the data

Item	Value
Knox	+7.5%
Whitehorse	+4.3%
Monash	+4.2%
Banyule	+3.7%
Manningham	+1.5%
Maroondah	+0.6%
Boroondara	−12.5%

The biggest falls: Boroondara's prestige suburbs

The five biggest falls in the median house price, year to the March quarter 2026, were all in Boroondara, according to the Property Sales Report:

Hawthorn: down 27.6% to $2,325,000 (40 sales)
Canterbury: down 26.2% to $3,260,000 (25 sales)
Kew: down 24.1% to $2,240,000 (48 sales)
Hawthorn East: down 19.4% to $2,098,500 (26 sales)
Balwyn: down 18.1% to $2,538,000 (24 sales)

Part of a fall this size can be the mix of homes sold: a quarter with fewer large period homes on the market pulls the median down. Each suburb's yearly figures, which cover far more sales, are on its page.

The biggest rises

The biggest rises in the median house price, year to the March quarter 2026, according to the same report:

Macleod: up 37.1% to $1,410,000 (19 sales)
Croydon North: up 17.5% to $1,137,500 (12 sales)
Heidelberg Heights: up 16.7% to $1,050,000 (11 sales)
Box Hill South: up 15.4% to $1,557,500 (14 sales)
Blackburn North: up 12.2% to $1,570,000 (22 sales)

With 11 to 22 sales each, these medians can move a long way on a handful of sales.

Units held up better

Across the 58 suburbs with at least 10 unit sales, the middle suburb's median unit price rose 3.7% in the year to the March quarter 2026, and it fell in 18 of them (our calculation from the Property Sales Report's unit figures). Every suburb page now shows its median unit price alongside houses.

What's happened since March

The RBA has raised the cash rate three more times since the March quarter, to 4.85%. In November its Board said "housing prices have fallen significantly" (RBA, 3 November 2026). The next suburb figures, for the June quarter, will show whether the falls have spread beyond Boroondara. We'll update this page when they're published.

What your own home is worth

A suburb median is the middle of whatever sold that quarter, not the value of your home. For a price on your place, ask for a free appraisal from a local agent, or find your suburb's house prices first.

Questions people ask

Are house prices falling in Melbourne's east?

In some suburbs. In the year to the March quarter 2026, the median house price fell in 26 of the 63 eastern suburbs with at least 10 sales and rose in 36, according to the Victorian Property Sales Report. The falls were biggest in Boroondara.

Which Melbourne suburbs had the biggest house price falls?

Of the suburbs we cover, Hawthorn (down 27.6%), Canterbury (down 26.2%) and Kew (down 24.1%), in the year to the March quarter 2026, according to the Victorian Property Sales Report.

Which eastern suburbs had the biggest house price rises?

Macleod (up 37.1%, from 19 sales), Croydon North (up 17.5%) and Heidelberg Heights (up 16.7%), in the year to the March quarter 2026, according to the Victorian Property Sales Report.

What is the median house price in Melbourne's east?

The middle suburb's median house price across the 80 suburbs we cover was $1,356,000 in the March quarter 2026 (our calculation from the Victorian Property Sales Report). Suburbs range from under $1 million to over $3 million: compare them all.

When are the next official suburb house prices released?

The Department of Transport and Planning publishes the Victorian Property Sales Report quarterly. The March quarter 2026 figures were published on 29 September 2026; the June quarter figures are next.