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Lower Plenty suburb profile

Lower Plenty is a leafy, riverfront suburb in Melbourne's north-east where the Plenty River meets the Yarra, giving the area a strong bushland and riverside character. Streets are mostly residential with established trees, generous blocks and a mix of older cottages and larger family homes, and several pockets enjoy river or parkland outlooks. The suburb suits people who value outdoor life, with walking and cycling trails and riverside reserves on the doorstep. It has a quiet, low-density feel while shops, schools and train stations in neighbouring suburbs are within easy reach, making it popular with families and those seeking a green setting close to the city.

Lower Plenty property market performance

Current median dwelling price$983,750Past 3 months

Property growth-11.7%Past 12 months

Lower Plenty's median house price is $1.25 million. House values have fallen sharply, down 15.3% over the last 12 months. The suburb has relatively few recent unit sales, so there isn't enough recent data to publish a reliable median unit price. Unit values declined a notable 8.2% over the last 12 months, so house values fell more sharply.

Over the last 3 months 13 houses and 9 units sold. Houses sold in a median of 42 days over the last 12 months, while units sold in 24 days, so units sold more quickly than houses.

The rental market in Lower Plenty recorded average house rents of $620 a week and unit rents of $475 a week over the last 12 months. House rents rose a modest 2.5% over the last 12 months and unit rents edged up a slight 1.1% over the last 12 months; they moved at a similar pace.

HousesUnits
Median price
Past 3 months
$1.25MN/A
Change in value
Past 12 months
-15.3%-8.2%
Sold
Past 3 months
139
Median days on market
Past 12 months
4224
Average rent
Past 12 months
$620$475
Change in rent
Past 12 months
2.5%1.1%

5 year median price trend for houses and units

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Lower Plenty demographics

Lower Plenty is a community of 3,962 people with a median age of 45. The typical household has a weekly income of $2,160, roughly $112,320 a year.

Family households dominate: couple families with children are the largest group at 45.4%, and together with couple families without children (41.3%) they make up 86.7% of families. One-parent families account for 12.2% and other families 1.1%.

Homes in Lower Plenty are predominantly owner-occupied, with 45.0% owned outright and 39.9% owned with a mortgage, a combined 84.9% owner-occupied. Renters represent 15.1% of dwellings.

Suburbs near Lower Plenty

Some popular suburbs near Lower Plenty include:

  • Yallambie: Leafy riverside suburb around the Plenty River, with established residential streets.
  • Montmorency: Village atmosphere centred on a main street, with surrounding parkland.
  • Viewbank: Leafy suburb with established homes and stretches of riverfront reserve.
  • Briar Hill: Quiet suburb of tree-lined streets and modest, long-established homes.
  • Templestowe Lower: Riverfront suburb with parks and wetlands along the Yarra River.

How does Lower Plenty compare to nearby suburbs?

  • Median house prices: Lower Plenty’s median house price is 4.6% higher than Montmorency’s.
  • House price growth: Property prices in nearby Yallambie have risen 17.5% more than in Lower Plenty over the past year.
  • Unit price growth: Property prices in nearby Montmorency have risen 4.0% more than in Lower Plenty over the past year.
  • Selling speed for houses: Properties in Lower Plenty are selling 25.0% faster than in Templestowe Lower.
  • Selling speed for units: Properties in Lower Plenty are selling 14.3% faster than in Montmorency.
  • Investment considerations: In Lower Plenty, the rental yield for house is 2.2% lower than the Melbourne average, while the rental yield for units is 19.5% lower.
  • House price growth: Over the past 12 months, house prices in Lower Plenty have grown 23.9% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Lower Plenty have grown 14.6% higher than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Lower Plenty

There are 38 real estate agents in Lower Plenty, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 35.1% of all sales in the past year.

Commission rates in Lower Plenty typically range from 1.54% to 2.94%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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