Is Camberwell a nice place to live?

Camberwell is known for its tree-lined streets, period housing and Camberwell Junction's long retail strip with cafés, boutiques and a weekend market under the train station. The community is older and relatively affluent, with many households owning their homes; couples with children account for 49.4% of families. Public transport includes Camberwell station on the Alamein, Belgrave and Lilydale lines and tram links along Burke Road, and nearby parks and creekside trails provide regular green space.

Is it expensive to live in Camberwell?

A typical local household earned about $2,457 a week at the last Census. Buying in Camberwell sits well above that: a median house at $2,100,000 is about 16.4 times a typical local annual household income, while the median unit price of $835,000 is roughly 6.5 times annual household income. On these figures, both types of purchase are well above what a typical local household earned, with house buying particularly stretched against local incomes. If you are renting, the picture is different. House rent of $1,090 a week would take about 44% of a typical local household's weekly income, a large share, while unit rent of $625 a week would take about 25%, a moderate share. So on the figures, renting a unit looks more manageable against local incomes than buying or renting a house. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Camberwell a good place to invest?

In Camberwell, house rents rose 11.5% over the past 12 months while median house values fell 4.6%. Unit rents increased 4.2% and median unit values fell 2.4%. Put another way for investors, the house sector shows rental income rising while capital values declined, and the unit sector shows a modest lift in rents alongside a small fall in values; in both property types the rent changes moved in the opposite direction to value movements over the period. 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.

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Camberwell suburb profile

Camberwell is an inner-eastern Melbourne suburb known for tree-lined streets and a mix of period housing, from Victorian and Edwardian cottages to interwar and mid-century houses, with low-rise apartments concentrated around the shopping strip. Mature gardens and an established canopy give the area a quiet residential character.

Camberwell Junction is the local hub, anchored by a long retail strip of cafés, boutiques and a well-known weekend market under the train station. Nearby parks and creekside trails offer green space, and the suburb is served by Camberwell station and tram links along Burke Road to Melbourne's wider transport network.

Camberwell property market performance

Current median dwelling price$1,467,500Past 3 months

Property growth-3.5%Past 12 months

Camberwell's median house price is $2.10 million, down 4.6% over the last 12 months, a moderate fall. The median unit price is $835,000, down 2.4% over the last 12 months, a modest decline. House values fell more than unit values over the year, and houses and units sold in much the same time, with a median of 41 days on market for houses.

In Camberwell, house rents rose sharply, up 11.5% over the last 12 months, while house values were down over the same period.

	Houses	Units
Median price Past 3 months	$2.10M	$835K
Change in value Past 12 months	-4.6%	-2.4%
Sold Past 3 months	64	45
Median days on market Past 12 months	41	42
Average rent Past 12 months	$1090	$625
Change in rent Past 12 months	11.5%	4.2%

5 year median price trend for houses and units

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Camberwell demographics

Camberwell is an older community with incomes above the median for Victoria and many households owning their homes outright.

Couples with children are the largest family type, at 49.4% of families, and 43.7% of homes are owned outright. At the 2021 Census, 21,965 people lived in Camberwell.

Camberwell and Victoria

	Suburb	VIC
Median age years	43	38
Median household income weekly	$2,457	$1,759
Couples with children share of families	49.4%	45.5%
Couples without children share of families	37.4%	37.6%
One-parent families share of families	11.6%	15.2%
Homes owned outright share of homes	43.7%	33.2%
Homes with a mortgage share of homes	30.1%	37.3%
Homes rented share of homes	26.2%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Camberwell infrastructure, key developments and investment opportunities

No significant public infrastructure or civic-amenity projects are reported for Camberwell. The suburb contains Camberwell railway station, which serves the Alamein, Belgrave and Lilydale lines.

Suburbs near Camberwell

Some popular suburbs near Camberwell include:

How does Camberwell compare to nearby suburbs?

Median house prices: Camberwell’s median house price is 16.7% higher than Ashburton’s.
Median unit prices: Camberwell’s median unit price is 29.7% higher than Glen Iris’s.
House price growth: Over the past 12 months, house prices in Camberwell have grown 2.6% higher than in Surrey Hills.
Unit price growth: Over the past 12 months, unit prices in Camberwell have grown 4.6% higher than in Canterbury.
Selling speed for houses: Properties in Camberwell are selling 8.9% faster than in Glen Iris.
Selling speed for units: Properties in Camberwell are selling 6.7% faster than in Canterbury.
Investment considerations: In Camberwell, the rental yield for house is 71.4% higher than the Melbourne average, while the rental yield for units is 5.0% higher.
House price growth: Over the past 12 months, house prices in Camberwell have grown 124.1% higher than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Camberwell have grown 39.5% higher than the average rate of growth for units across Melbourne.

Common questions about Camberwell

Is Camberwell a nice place to live?
Camberwell is known for its tree-lined streets, period housing and Camberwell Junction's long retail strip with cafés, boutiques and a weekend market under the train station.

The community is older and relatively affluent, with many households owning their homes; couples with children account for 49.4% of families. Public transport includes Camberwell station on the Alamein, Belgrave and Lilydale lines and tram links along Burke Road, and nearby parks and creekside trails provide regular green space.
Is it expensive to live in Camberwell?
A typical local household earned about $2,457 a week at the last Census. Buying in Camberwell sits well above that: a median house at $2,100,000 is about 16.4 times a typical local annual household income, while the median unit price of $835,000 is roughly 6.5 times annual household income. On these figures, both types of purchase are well above what a typical local household earned, with house buying particularly stretched against local incomes.

If you are renting, the picture is different. House rent of $1,090 a week would take about 44% of a typical local household's weekly income, a large share, while unit rent of $625 a week would take about 25%, a moderate share. So on the figures, renting a unit looks more manageable against local incomes than buying or renting a house.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Camberwell a good place to invest?
In Camberwell, house rents rose 11.5% over the past 12 months while median house values fell 4.6%. Unit rents increased 4.2% and median unit values fell 2.4%.

Put another way for investors, the house sector shows rental income rising while capital values declined, and the unit sector shows a modest lift in rents alongside a small fall in values; in both property types the rent changes moved in the opposite direction to value movements over the period.

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.

Choose the right real estate agents in Camberwell

In Camberwell ,190 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 16.6% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.71% and 2.57%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.