Real Estate Wheelers Hill Vic 3150

Wheelers Hill: Diverse, family-friendly, green, convenient.

Housing Market in Wheelers Hill

Key Wheelers Hill Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 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	$746	Top 21%	139% to Dec 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Wheelers Hill

Wheelers Hill 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

Field	Value	VS Melbourne	Trend
Development applications	46.1	Top 20%	91% to Jun 2025
Developments	0.2	Bottom 23%	Data for Jul 2023
Housing Stock Quality Indicator	87.8	Top 3%	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 36%	33% to May 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	18	Top 5%	1700% to Dec 2025

Housing Stock Quality in Wheelers Hill

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	84.9%	Bottom 15%	9% to Jan 2021
Average bedrooms - all homes	2.7	Top 30%	3% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Wheelers Hill

Wheelers Hill Zoning Map

Sample Graphic

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

Field	Value	VS Melbourne	Trend
Total area	9.0 sq km	Top 48%	Data for Jan 2021
Heritage overlay total area	0.0 sq km	Top 44%	Data for Jun 2023
Residential density	390 sqm per resident	Bottom 19%	Data for Jan 2021

Risk in Wheelers Hill

Wheelers Hill 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

Field	Value	VS Melbourne	Trend
% Owner Occupied	88.8%	Bottom 38%	0% to May 2023
% Rentals	11.2%	Top 38%	6% to May 2023
Housing Affordability Index	71	Top 3%	Data for Jun 2023
Median monthly mortgage	$2,330	Top 29%	18% to May 2023
Rent Affordability Index (Houses)	74	Bottom 23%	Data for Jun 2023
Rent Affordability Index (Units)	65	Bottom 10%	Data for Jun 2023
Mortgage as a percent of income	31.6%	Top 12%	14% to Jan 2021
Mortgaged Dwellings	32.2%	Bottom 31%	6% to May 2023

Housing Demand in Wheelers Hill

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

Field	Value	VS Melbourne	Trend
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	22200	Top 14%	6% to Dec 2036
Historical Population (SA3)	196000	Top 3%	25% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	239000	Top 5%	47% 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 Wheelers Hill

Wheelers Hill Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$600	Top 17%	143% to Dec 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	53.2%	Bottom 27%	41% to Dec 2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Monash

Median Unit Sale Prices by Street (4)

Date	Median sale value	Street
06 Dec 2025	$871,500	Brandon Park Dr
06 Dec 2025	$572,400	Jells Rd
06 Dec 2025	$1,281,000	Lum Rd
06 Dec 2025	$862,400	Tourmaline Cr

Median House Rental Prices by Street (45)

Street	Date	Median rent (per week)
Ferntree Gully Rd	06 Dec 2025	$673
Garnett Rd	06 Dec 2025	$777
Gainsborough Ave	06 Dec 2025	$875
Dirigo Dr	06 Dec 2025	$666
Donald Rd	06 Dec 2025	$922

Median House Sale Prices by Street (55)

Street	Date	Median sale value
Ajax Dr	06 Dec 2025	$1,850,000
Alex Ave	06 Dec 2025	$1,462,000
Amelia Ave	06 Dec 2025	$1,799,000
Aquarius Ct	06 Dec 2025	$1,729,000
Belvedere Ave	06 Dec 2025	$2,218,000

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
45.3%	Haversham Ave	very tightly held	Every 22.1 years (very tightly held)	2025
12.9%	Whalley Dr	very tightly held	Every 77.6 years (very tightly held)	2025
60.7%	Ninevah Cr	quite tightly held	Every 16.5 years (quite tightly held)	2025
55.0%	Ondine Dr	quite tightly held	Every 18.2 years (quite tightly held)	2025
24.3%	Jells Rd	very tightly held	Every 41.2 years (very tightly held)	2025

Accommodation Options (5)

Realtors (4)

Headline	Place	Datetime
Barry Plant Wheelers Hill	Shop 38/190/200 Jells Rd
Diane Krywyn Real Estate	Level 3 2 Brandon Park Dr
Eastpoint Property Consultants	Suite 13 622 Ferntree Gully Rd
Shine Real Estate	41C/190 Jells Rd

Percent of Renters by Street (100)

Percent of Renters	Street
56.7%	Norval Ct
0.0%	Norwood Ct
0.0%	Nova Ct
70.4%	Oak Tce
62.7%	Oakbank Ct

Planning Applications: Dwellings (35)

Headline	Place	Date
Construct four (4) dwellings on a lot, remove one tree and subdivide land into 4 lots - Monash City Council TPA/57116	4-6 Windmill Court Wheelers Hill VIC 3150	04 Dec 2025
Proposed 3 double storey dwellings on a lot - Monash City Council TPA/57346	43 Brandon Park Drive Wheelers Hill VIC 3150	21 Nov 2025
Construct two (2) double storey dwellings and removal of vegetation within a Vegetation Protection Overlay - Monash City Council TPA/57272	38 Highwood Drive Wheelers Hill VIC 3150	21 Nov 2025
Construct two dwellings on a lot and removal of covenant E151754 which requires " shall not at any time erect, construct or build or cause to be erected, constructed or built or allowed to remain erected, constructed, or built on the said land or any apart thereof any building apart from the necessary outhouse and garage other than a dwelling house constructed of brick or brick veneer" - Monash City Council TPA/56862	195 Brandon Park Drive Wheelers Hill VIC 3150	21 Nov 2025
Amendment of permit TPA/12081/B & C including plans as follows: Amend Condition 13 to allow no more than six (practitioners) instead of the current 2, to practise from the site at any one time. Amendment of the plan showing new internal layout with increased consulting suites and the construction of a 2 metre high fence (Hebel infill panels and steel posts) to part of the Springvale Road alignment of the land (refer to plans). - Monash City Council TPA/12081/E	2 Magid Avenue Wheelers Hill VIC 3150	13 Oct 2025

Planning Applications: Other (16)

Headline	Place	Date
Vary the covenant contained in transfer No. C309612, applicable to Lot 90 on PS068231 (08498/061), by adding the words ‘stone, render, cladding or similar lightweight finish' after 'brick or brick veneer' - Monash City Council TPA/57560	59 Brandon Park Drive Wheelers Hill VIC 3150	01 Dec 2025
Construct two dwellings on a lot and removal of covenant E151754 which requires " shall not at any time erect, construct or build or cause to be erected, constructed or built or allowed to remain erected, constructed, or built on the said land or any apart thereof any building apart from the necessary outhouse and garage other than a dwelling house constructed of brick or brick veneer" - Monash City Council TPA/56862	195 Brandon Park Drive Wheelers Hill VIC 3150	21 Nov 2025
Variation of the Restrictive Covenant F029868 by adding the words “Hebel, render or other lightweight materials”, after the words ‘in brick or brick veneer’ and before ‘and this Covenant shall be noted of the Certificate of Title’ - Monash City Council TPA/57029	4 Brownlee Crescent Wheelers Hill VIC 3150	16 Jul 2025
Use and development of a child care centre, display of business identification signage and alteration of access to a Transport Zone 2 road. - Monash City Council TPA/55982	736 Ferntree Gully Road Wheelers Hill VIC 3150	17 Jul 2024
App.Online - Transfer of licence to Company - Victorian Gambling and Casino Control Commission 70718A02	212 Brandon Park Dr, Wheelers Hill 3150, VIC	08 Sep 2022

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
9 Merran Ct	Price Withheld	4.0	2.0	3.0	04 Dec 2025	On Market
7 Darvell Cl	$1,575,500	4.0	2.0	2.0	01 Dec 2025	On Market
25 Amelia Ave	Price Withheld	5.0	2.0	3.0	30 Nov 2025	On Market
21 Cezanne Cr	$1,368,000	4.0	2.0	2.0	29 Nov 2025	On Market
3 Woodview Ct	Price Withheld	5.0	2.0	2.0	29 Nov 2025	On Market

Businesses (86)

Name	Address
Metropol Developments
Control-Tech Electrical Services	6 Whalley Dr, Wheelers Hill VIC 3150, Australia
Beal Electrical Services Pty Ltd	65 Darnley Grove, Wheelers Hill VIC 3150, Australia
Hargrae Electric Pty Ltd	6 Patrick Ct, Wheelers Hill VIC 3150, Australia
Teavolt Electrical Services PTY LTD	67 Garnett Rd, Wheelers Hill VIC 3150, Australia

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
36 Marykirk Dr	$715	4	2	2	05 Dec 2025
4 Glencroft Terrace	$850	4	2	2	04 Dec 2025
8 Harley Pl	$650	3	2	2	01 Dec 2025
8 Harley Pl	$650	3	2	2	01 Dec 2025
Unit 2, 4 Radleigh Dr	$695	3	2	2	28 Nov 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 1, 6 Fernvale Cr	$1,300,000	4.0	2.0	2.0	25 Nov 2025	On Market
Unit 1, 6 Fernvale Cr	$1,300,000	4.0	2.0	2.0	25 Nov 2025	On Market
Unit 1, 6 Fernvale Cr	$1,300,000	4.0	2.0	2.0	25 Nov 2025	On Market
Unit 1, 6 Fernvale Cr	$1,300,000	4.0	2.0	2.0	25 Nov 2025	On Market
Unit 1, 6 Fernvale Cr	$1,300,000	4.0	2.0	2.0	25 Nov 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 1, 730 Ferntree Gully Rd	$650	3.0	1.0	1.0	02 Dec 2025
Unit 1, 43 Summerhill Ave	$650	2.0	1.0	2.0	11 Nov 2025
Unit 1, 43 Summerhill Ave	$650	2.0	1.0	2.0	11 Nov 2025
Unit 1, 43 Summerhill Ave	$650	2.0	1.0	2.0	11 Nov 2025
Unit 1, 43 Summerhill Ave	$650	2.0	1.0	2.0	11 Nov 2025

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Headline	Place	Datetime
Anchor Downs Pty Ltd	20 Mackintosh Rd
Corporate Nest	L 3 2 Brandon Park Dr
ROGER DAVIS PTY LTD	Adjoining Brandon Park Shopping Centre Suite 1 624 Ferntree Gully Rd