Get a property report and suburb profile for any property in Camberwell

Camberwell is a leafy, established inner-eastern suburb centred on Camberwell Junction and its long-running Sunday market at the train station, which give the area a village feel. Wide tree-lined streets feature a mix of Victorian and Edwardian houses, interwar bungalows and substantial period villas, with pockets of low-rise apartments near the retail strips. The retail spine along Burke Road is lined with cafes, bakeries and independent shops, and parks and sports reserves provide green space. Regular train services and tram routes make commuting straightforward.

Home to 21,965 people with a median age of 43 and a median household income of $2,457 a week, Camberwell is family-oriented by composition, with couple families with children the largest single group at 49.4%. Owner-occupation is high at 73.8% of homes, renters 26.2%. That mix, together with local schools, shops and green spaces, tends to suit families and professionals who value character housing and local conveniences. There are also local studies and planned works relating to additional station parking, an intersection signalisation project and a modernisation program for Camberwell Primary School.

Buying in Camberwell 3124 sits above local incomes as recorded at the last Census. A median house price of $2,315,000 is about 18.1 times a typical local annual household income at the last Census, which is well above local incomes; the median unit price of $765,000 is roughly 6.0 times a local year's household income, which sits above local incomes.

For renters, a house rent of $1,050 a week would take about 42.7% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $625 a week would take about 25.4%, a moderate share. If you are primarily comparing renting and buying, those rent shares and the price multiples are the most relevant figures to consider against local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months Camberwell showed a divergence between prices and rents. Median house values fell 4.6% and unit values fell 3.5%, both modest declines, while house rents rose 6.6% (a solid increase) and unit rents rose 4.2% (a modest increase).

Put simply, the year to date saw rental income rise even as capital values eased — the rent a house earns was the stronger performer, and unit rents also increased while unit prices declined. Which of those outcomes matters to you depends on whether you prioritise rental income or capital growth and on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.