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Nunawading suburb profile

Nunawading is a well-established suburb located approximately 18km east of Melbourne's CBD, known for its family-friendly atmosphere and convenient amenities. It offers a mix of residential, commercial, and industrial areas, with a variety of housing options ranging from classic homes to modern townhouses. Nunawading is home to the popular "Golden Mile" shopping precinct, featuring a range of retail outlets and services. The suburb is well-served by public transport, including a train station on the Lilydale and Belgrave lines, making it an accessible location for commuters. Its blend of suburban comfort and urban convenience makes Nunawading a desirable place for families and professionals alike.

Nunawading property market performance

Current median dwelling price$971,125Past 3 months

Property growth+1.9%Past 12 months

Nunawading’s property market has shown stability over the past 12 months, with house values increasing by 4.2% and unit values remaining unchanged. The median house price over the past three months has averaged $1.22 million, while units have maintained a median price of $722,250, indicating steady demand.

Sales activity has been moderate, with 40 houses and 21 units sold in the past three months. Units are selling faster than houses, with a median time on market of 29 days compared to 41 days for houses, suggesting a stronger demand for units.

The rental market in Nunawading has seen modest growth over the last 12 months, with average rent for houses increasing by 4.8% and units by 4.4%, reflecting a consistent demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$1.22M$722K
Change in value
Past 12 months
4.2%-0.4%
Sold
Past 3 months
4021
Median days on market
Past 12 months
4129
Average rent
Past 12 months
$650$520
Change in rent
Past 12 months
4.8%4.4%

5 year median price trend for houses and units

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Nunawading demographics

Nunawading, located in Melbourne's eastern suburbs, is a family-friendly area known for its leafy streets and convenient access to amenities. With a population of 12,413 and a median age of 39, it attracts a mix of families, professionals, and retirees who appreciate its suburban charm and proximity to the city. The suburb's median household income of $1,938 per week reflects a comfortable standard of living, appealing to those seeking a balanced lifestyle.

Housing in Nunawading is characterized by a strong sense of ownership, with 33.5% of properties owned outright and 36.4% owned with a mortgage. This stability is complemented by a rental market that accounts for 30.1% of properties, providing options for those seeking flexibility. The suburb's family-oriented nature is evident, with 49.1% of households being couple families with children, while 35.7% are couple families without children, and 13.2% are one-parent families.

Nunawading's appeal lies in its blend of suburban tranquility and urban convenience. It offers residents access to quality schools, parks, and shopping centers, making it an ideal location for families and individuals seeking a peaceful yet connected lifestyle. The suburb's community spirit and well-maintained infrastructure contribute to its reputation as a desirable place to live within Melbourne's vibrant landscape.

Nunawading infrastructure, key developments and investment opportunities

Nunawading is experiencing several developments that could impact its property market. The recent completion of the Nunawading Community Hub in 2020 has provided a new focal point for community activities and services. This repurposed heritage school building offers opportunities for socializing, learning, and recreation, potentially increasing the area's appeal to families and community-minded residents.

The suburb benefits from ongoing improvements to public transport infrastructure, including the upgraded Nunawading railway station, one of the larger metropolitan stations in Melbourne's eastern suburbs. This, combined with easy access to the Eastern Freeway, enhances Nunawading's connectivity and could positively influence property values. Additionally, the continued development of the 'Mega Mile' retail strip along Whitehorse Road, featuring major retailers and businesses, reinforces Nunawading's position as a significant commercial hub in Melbourne's east.

Nunawading rental market trends

The rental market in Nunawading has experienced moderate growth, with house rents increasing by 4.8% over the past year to $650 per week, while unit rents have risen 4.4% to $520 per week. This steady growth reflects the suburb's appeal, supported by its convenient location and access to amenities, making it an attractive option for both renters and investors.

Suburbs near Nunawading

Some popular suburbs near Nunawading include:

  • Mitcham: Known for its charming residential streets and community parks, Mitcham is located directly east of Nunawading.
  • Blackburn North: Featuring a mix of older homes and modern developments, Blackburn North is situated to the west of Nunawading.
  • Vermont South: Known for its spacious homes and family-friendly atmosphere, Vermont South lies to the southeast of Nunawading.
  • Doncaster East: Offering a blend of suburban living and convenient shopping options, Doncaster East is located to the northwest of Nunawading.
  • Ringwood: Featuring a bustling retail hub and excellent transport links, Ringwood is situated to the northeast of Nunawading.

How does Nunawading compare to nearby suburbs?

  • Median house prices: Nunawading’s median house price is 0.5% higher than Mitcham’s.
  • Median unit prices: Nunawading’s median unit price is 10.3% higher than Blackburn’s.
  • House price growth: Over the past 12 months, house prices in Nunawading have grown 0.5% higher than in Forest Hill.
  • Unit price growth: Over the past 12 months, unit prices in Nunawading have grown 3.0% higher than in Blackburn.
  • Selling speed for houses: Properties in Nunawading are selling 10.9% faster than in Blackburn.
  • Selling speed for units: Properties in Nunawading are selling 3.3% faster than in Blackburn.
  • Investment considerations: In Nunawading, the rental yield for house is 4.5% higher than the Melbourne average, while the rental yield for units is 9.7% lower.
  • House price growth: Over the past 12 months, house prices in Nunawading have grown 15.1% higher than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Nunawading have grown 15.2% higher than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Nunawading

In Nunawading, 104 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 28.6% 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.

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