Real Estate Nunawading Vic 3131

Real Estate Market: Is Nunawading VIC 3131 a Good Suburb to Buy Into?

Housing Market in Nunawading

Key Nunawading Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$673	Top 28%	192% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Nunawading

Nunawading Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Nunawading

26.0%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	249	Top 13%	54% to Jun 2025
Developments	0.8	Bottom 31%	Data for Jul 2023
Housing Stock Quality Indicator	79.4	Top 6%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	4 lots	Bottom 45%	33% to Jun 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	29	Top 5%	1350% to Mar 2025

Housing Stock Quality in Nunawading

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	68.9%	Bottom 8%	7% to Jan 2021
Average bedrooms - all homes	2.6	Top 39%	Data for Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Nunawading

Nunawading Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Nunawading

25.8%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	5.0 sq km	Bottom 41%	Data for Jan 2021
Heritage overlay total area	0.0 sq km	Top 48%	Data for Jun 2023
Residential density	334 sqm per resident	Bottom 13%	Data for Jan 2021

Risk in Nunawading

Nunawading Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Nunawading

63.9%

Melbourne

60.4%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	78.9%	Bottom 15%	0% to May 2023
% Rentals	21.1%	Top 15%	1% to May 2023
Housing Affordability Index	57	Top 8%	Data for Jun 2023
Median monthly mortgage	$2,230	Top 34%	21% to May 2023
Rent Affordability Index (Houses)	77	Bottom 41%	Data for Jun 2023
Rent Affordability Index (Units)	71	Bottom 23%	Data for Jun 2023
Mortgage as a percent of income	25.7%	Top 31%	13% to Jan 2021
Mortgaged Dwellings	37.5%	Bottom 47%	7% to May 2023

Housing Demand in Nunawading

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Nunawading

86.2%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	15700	Top 34%	25% to Dec 2036
Historical Population (SA3)	64600	Top 50%	13% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	211000	Top 6%	44% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Nunawading

Nunawading Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$542	Top 34%	158% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	79.7%	Top 33%	0% to Mar 2025

Realtors (2)

Headline	Place	Datetime
Real Connection Property Group	8 Wood St
Smart Property Development	1 Gee Ct

Accommodation Options (2)

Planning Applications: Other (55)

Headline	Place	Date
- Clause 34.02-1 - Change of use the site to an 'Indoor Recreation Facility'(Badminton Centre; - Clause 34.02-4 and Clause 59.04 - External alteration to the existing building with an estimated cost less than $500,000 - Clause 52.05 - Display of two business identification signs with total advertising area of 20sqm - Whitehorse City Council WH/2025/166	15 Walkers Road, Nunawading VIC 3131	19 Mar 2025
Use part of the existing warehouse as an office and introduce a new storage area on the first floor - Whitehorse City Council WH/2025/134	36/41-49 Norcal Road, Nunawading VIC 3131	07 Mar 2025
This application seeks approval to amend the endorsed plans to revert to the existing crossover to Whitehorse Road. - Whitehorse City Council WH/2022/550/B	258 Whitehorse Road, Nunawading VIC 3131	24 Jan 2025
Minor additions and alterations to the existing Service Station - Whitehorse City Council WH/2024/938	340-342 Whitehorse Road, Nunawading VIC 3131	23 Nov 2024
External Business Identification Signage Exceeding 8m2 - Whitehorse City Council WH/2024/897	317-321 Whitehorse Road, Nunawading VIC 3131	09 Nov 2024

Planning Applications: Industrial (13)

Headline	Place	Date
Use part of the existing warehouse as an office and introduce a new storage area on the first floor - Whitehorse City Council WH/2025/134	36/41-49 Norcal Road, Nunawading VIC 3131	07 Mar 2025
To change the use to a retail premises (swimming pool products) within Warehouse 25 - Whitehorse City Council WH/2016/456/AE	25/31-37 Norcal Road, Nunawading VIC 3131	20 Dec 2024
Carrying out of buildings and works within the Industrial 1 Zone - Whitehorse City Council WH/2024/985	5/8-18 Moncrief Road, Nunawading VIC 3131	10 Dec 2024
Amend WH/2016/456 to permit warehouse 34 to be used as a Table Tennis Club (Restricted recreation facility). - Whitehorse City Council WH/2016/456/AC	32/31-37 Norcal Road, Nunawading VIC 3131	19 Sep 2024
Amend WH/2016/456 to permit warehouse 34 to be used as a Table Tennis Club (Restricted recreation facility). - Whitehorse City Council WH/9999/802	32/31-37 Norcal Road, Nunawading VIC 3131	18 Sep 2024

Planning Applications: Dwellings (32)

Headline	Place	Date
Construction of two dwellings to the rear of existing dwellings, and removal of a tree and buildings and works within 4m of trees on site affected by SLO9 - Whitehorse City Council WH/2025/21	20 Efron Street, Nunawading VIC 3131	16 Jan 2025
Construction of a single-storey dwelling to the rear of the existing dwelling - Manningham City Council PLN24/0496	44 Worrell Street Nunawading VIC 3131	26 Dec 2024
The extension of one dwelling on a lot less than 300 square metres including buildings and works within 4 metres of trees under the Significant Landscape Overlay - Schedule 9 - Whitehorse City Council WH/2024/1001	1/93 Esdale Street, Nunawading VIC 3131	14 Dec 2024
To construct two (2) double storey dwellings on a lot, tree removal and construct a building and construct and carry out works within four (4) metres of vegetation - Whitehorse City Council WH/2024/982	17 Winchester Road, Nunawading VIC 3131	09 Dec 2024
Construction of two double storey dwellings and associated buildings and works within 4 metres of protected trees, tree removal and subdivision of the land into two lots - Whitehorse City Council WH/2024/933	8 Savage Court, Nunawading VIC 3131	23 Nov 2024

LGA Details (1)

Headline	Place	Datetime
Local government area	Whitehorse

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
1a Busana Way	$1,240,000	4.0	3.0	1.0	15 Mar 2025	On Market
29 Cyprus Ave	$1,061,000	4.0	3.0	2.0	13 Mar 2025	On Market
31 Sandy St	Price Withheld	4.0	2.0	2.0	09 Mar 2025	On Market
36 Nicholson St	$1,400,000	4.0	2.0	2.0	08 Mar 2025	On Market
3 Ferdinand St	$980,000	3.0	1.0	1.0	04 Mar 2025	On Market

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$655,000	Mount Pleasant Rd
10 May 2024	$1,033,000	Norcal Rd
10 May 2024	$667,000	Brae Gr
10 May 2024	$883,200	Lemon Gr
10 May 2024	$875,000	Gee Ct

Median House Rental Prices by Street (39)

Street	Date	Median rent (per week)
Diosma Cr	22 Mar 2025	$642
Esdale St	22 Mar 2025	$555
Efron St	22 Mar 2025	$522
Jubilee St	22 Mar 2025	$595
Junction Rd	22 Mar 2025	$630

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Morden Ct	10 May 2024	$1,280,000
Nielsen Ave	10 May 2024	$5,300,000
Mount Pleasant Rd	10 May 2024	$1,575,000
Nicholson St	10 May 2024	$1,050,000
Alern Ct	10 May 2024	$1,138,000

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
50.0%	Oleanda Cr	very tightly held	Every 20.0 years (very tightly held)	2025
79.7%	Efron St	average turnover	Every 12.5 years (average turnover)	2025
64.0%	Rooks Rd	quite tightly held	Every 15.6 years (quite tightly held)	2025
87.5%	Spencer St	average turnover	Every 11.4 years (average turnover)	2025
47.8%	Jubilee St	very tightly held	Every 20.9 years (very tightly held)	2025

Percent of Renters by Street (100)

Percent of Renters	Street
78.3%	Abelia St
0.0%	Adam St
22.2%	Alern Ct
32.6%	Almer Ave
0.0%	Alwyn St

Businesses (99)

Name	Address
Azure Building & Construction	64/31 Norcal Rd, Nunawading VIC 3131, Australia
Hamilton Landscapes	59/31-39 Norcal Rd, Nunawading VIC 3131, Australia
The Grout Guy Victoria Leaking Shower Repair and Re-Grouting	20/31-39 Norcal Rd, Nunawading VIC 3131, Australia
LWY Constructions	3 Glendale St, Nunawading VIC 3131, Australia
Amonson Construction	13/41-49 Norcal Rd, Nunawading VIC 3131, Australia

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
13 Gladys St	$600	3	1	2	20 Mar 2025
1a Maria Ave	$670	3	2	1	20 Mar 2025
13 Gladys St	$600	3	1	2	20 Mar 2025
13 Gladys St	$600	3	1	2	20 Mar 2025
6 Winifred St	$615	3	1	2	19 Mar 2025

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 27-29 Burnt St	$500	2.0	1.0	1.0	19 Mar 2025
Unit 2, 27-29 Burnt St	$500	2.0	1.0	1.0	19 Mar 2025
Unit 2, 27-29 Burnt St	$500	2.0	1.0	1.0	19 Mar 2025
Unit 16, 48-54 Burnt St	$475	2.0	1.0	1.0	13 Mar 2025
Unit 16, 48-54 Burnt St	$475	2.0	1.0	1.0	13 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 4, 98-100 Mount Pleasant Rd	$648,000	2.0	1.0	2.0	14 Mar 2025	On Market
Unit 4, 98-100 Mount Pleasant Rd	Price Withheld	2.0	1.0	2.0	14 Mar 2025	On Market
Unit 4, 98-100 Mount Pleasant Rd	$648,000	2.0	1.0	2.0	14 Mar 2025	On Market
Unit 4, 36 Mount Pleasant Rd	$700,000	2.0	1.0	1.0	13 Mar 2025	On Market
Unit 4, 36 Mount Pleasant Rd	$700,000	2.0	1.0	1.0	13 Mar 2025	On Market