Melbourne Property Market Update: Strong Growth in Eastern Suburbs

The Melbourne property market continues to show resilience and growth, particularly in the eastern suburbs where we're seeing exceptional performance across multiple property types.

Key Market Highlights

Eastern Suburbs Leading the Charge

Our latest analysis reveals that eastern Melbourne suburbs are experiencing some of the strongest growth in the metropolitan area. Areas like Doncaster and Doncaster East are showing particularly impressive results.

Property Price Trends

• Houses: Median prices in premium eastern suburbs have increased by 8-12% year-on-year
• Units: Apartment markets showing steady growth of 5-7% annually
• Investment Properties: Strong rental yields maintaining investor interest

Suburb Spotlight: Doncaster

Doncaster continues to be a standout performer in the Melbourne market. With its excellent schools, shopping precincts, and transport links, the suburb attracts both families and investors.

Key Doncaster Statistics:

• Median house price: $1,450,000
• Annual growth: Strong demand driving consistent appreciation
• Days on market: Properties selling faster than metropolitan average

Market Drivers

Infrastructure Development

Major infrastructure projects across Victoria are contributing to property value growth:

• Transport improvements: Enhanced connectivity to the CBD
• Education facilities: New schools and educational upgrades
• Shopping and amenities: Retail developments supporting lifestyle appeal

Demographic Trends

The eastern suburbs continue to attract:

• Young families seeking quality education options
• Professionals wanting convenient CBD access
• Investors targeting stable rental markets

Looking Ahead

Forecast for 2025

Market indicators suggest continued growth across Melbourne's eastern corridor. Suburbs like Templestowe and surrounding areas are positioned for sustained appreciation.

Investment Opportunities

For property investors and homebuyers, the current market presents opportunities in:

• Established family homes in premium school zones
• Modern apartments near transport hubs
• Development sites in growth corridors

Get Your Property Valued

Interested in understanding your property's current market value? Our local experts provide comprehensive appraisals across all Melbourne suburbs, with particular expertise in:

• Doncaster property valuations
• Doncaster East market analysis
• Templestowe property insights

Contact our team today for a free, no-obligation property appraisal and discover how the current market conditions could benefit your property goals.

This analysis is based on recent sales data and market trends. Property values can fluctuate based on various factors. For personalized advice, consult with our local property experts.