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    Real Estate Market: Is Upwey VIC 3158 a Good Suburb to Buy Into?

    Housing Market in Upwey
    Key Upwey Metrics & Forecast to 2028
    Sample Graphic
    Sources: Property Listings and Microburbs, 2002 - 2023
    Field Value VS Melbourne Trend
    Capital Growth Forecast: Houses
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    Capital Growth Forecast: Houses (2-Year Outlook)
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    Median yield for houses
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    Smart median rent: All houses
    		$677 Top 27% 200% to Mar 2025
    Smart median sale price: All houses
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    Housing Supply in Upwey
    Upwey 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
    Upwey
    26.4%
    Upwey
    26.4%
    Melbourne
    28.8%
    Melbourne
    28.8%
    Compare
    Suburbs
    Field Value VS Melbourne Trend
    Development applications
    		213 Top 14% to Jun 2025
    Developments
    		1.0 Bottom 33% Data for Jul 2023
    Housing Stock Quality Indicator
    		58.7 Top 12% Data for May 2023
    Total new residential buildings value (SA2)
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    Days on market: houses
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    Days on market: units
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    Number of Subdivisions
    		2 lots Bottom 18% 50% to Jan 2023
    Volume of houses sold in the last 30 days
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    Volume of units sold in the last 30 days
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    Stock on Market
    		11 Top 14% to Mar 2025
    Housing Stock Quality in Upwey
    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
    		98.6% Bottom 35% 13% to Jan 2021
    Average bedrooms - all homes
    		2.7 Top 30% 3% to Jan 2021
    NBN connection: fibreoptic cable to node
    		54.2% Top 7% Data for Jun 2023
    Development Restrictions in Upwey
    Upwey Zoning Map
    Sample Graphic
    The higher the score, the more easily density can be increased.
    Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023
    Upwey
    25.5%
    Upwey
    25.5%
    Melbourne
    36.9%
    Melbourne
    36.9%
    Compare
    Suburbs
    Field Value VS Melbourne Trend
    Total area
    		5.4 sq km Bottom 43% Data for Jan 2021
    Heritage overlay total area
    		0.1 sq km Top 34% Data for Jun 2023
    Residential density
    		716 sqm per resident Bottom 38% Data for Jan 2021
    Risk in Upwey
    Upwey 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
    Upwey
    42.5%
    Upwey
    42.5%
    Melbourne
    60.4%
    Melbourne
    60.4%
    Compare
    Suburbs
    Field Value VS Melbourne Trend
    % Owner Occupied
    		94.2% Top 42% 0 to May 2023
    % Rentals
    		5.8% Bottom 42% 3% to May 2023
    Housing Affordability Index
    		44 Top 21% Data for Jun 2023
    Median monthly mortgage
    		$1,890 Bottom 47% 13% to May 2023
    Rent Affordability Index (Houses)
    		80 Top 41% Data for Jun 2023
    Rent Affordability Index (Units)
    		74 Bottom 36% Data for Jun 2023
    Mortgage as a percent of income
    		20.6% Bottom 41% 5% to Jan 2021
    Mortgaged Dwellings
    		58.1% Top 9% 8% to May 2023
    Housing Demand in Upwey
    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
    Upwey
    76.7%
    Upwey
    76.7%
    Melbourne
    82.9%
    Melbourne
    82.9%
    Compare
    Suburbs
    Field Value VS Melbourne Trend
    Net internal migration (LGA)
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    Net overseas migration (LGA)
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    Future Population (SA2)
    		10000 Bottom 39% 1% to Dec 2036
    Historical Population (SA3)
    		158000 Top 11% 12% to Dec 2023
    Historical population growth
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    Population (LGA)
    		178000 Top 9% 25% to Dec 2030
    Population Projection (LGA)
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    Auction clearance rate
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    Proportion of distressed listings
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    Vacancy rate
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    Unit Market in Upwey
    Upwey Unit Investor Report
    Sample Graphic
    Sources: Property Listings and Microburbs, 2002 - 2023
    Field Value VS Melbourne Trend
    Median yield for units
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    Smart median rent: All units
    		$563 Top 26% 173% to Mar 2025
    Smart median sale price: All units
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    Unit to house ratio
    		69.1% Bottom 42% 10% to Mar 2025
    Accommodation Options (2)
    Realtors (1)
    LGA Details (1)
    Median House Rental Prices by Street (14)
    Planning Applications: Dwellings (79)
    Planning Applications: Other (21)
    Businesses (28)
    Median House Sale Prices by Street (100)
    Percent of Renters by Street (99)
    Recently Sold Houses (100)
    Turnover Rate by Street (98)
    Median Unit Sale Prices by Street (100)
    Recent Rental House Listings (100)
    Recently Sold Units (100)
    Recent Rental Unit Listings (100)
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    Profiles
    People & Lifestyle
    Crime & Disadvantage
    Real Estate
    Affluence & Economy
    Environment
    Nearby Suburbs
    Ferny Creek
    Lysterfield
    Tecoma
    Tremont
    Upper Ferntree Gully
    Belgrave
    Belgrave Heights
    Sherbrooke
    Belgrave South
    Ferntree Gully