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

Nunawading is an established eastern Melbourne suburb centred on Nunawading railway station and the Whitehorse Road shopping strip. Housing ranges from mid-century single-storey brick and weatherboard homes to more recent townhouses and units, while main roads are lined with shops, offices and light industrial businesses. Neighbourhood life is anchored by parks, sports ovals and walking paths, and regular train services and major roads link residents to surrounding suburbs and the city.

The suburb is home to 12,413 people with a median age of 39, and households are weighted towards families, particularly couple families. Owner-occupation is the majority at about 69.9% of dwellings. Planning for growth focuses activity around the station and along Whitehorse Road and Springvale Road, and recent local work includes a new arts centre plus completed streetscape and civic upgrades. That combination of transport, shopping and community facilities tends to suit people who value practical day-to-day access; whether it fits you depends on what you need from a suburb.

On these figures, buying sits well above what local households earned at the last Census. A median house at $1,030,000 is about 10.2 times a typical local annual household income at the last Census (weekly income $1,938 ? annual $100,776), and a median unit at $654,500 is about 6.5 times that annual income. Renting looks less stretched: house rent of $680 a week would take about 35.1% of a typical local household's weekly income at the last Census, while unit rent of $550 a week would take about 28.4%. For Nunawading, that means buying is more stretched against local incomes than renting.

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 in Nunawading, unit values increased 8.8% while house values rose 5.8%, so unit prices have grown more than house prices. On the rental side, house rents climbed 9.7% and unit rents climbed 10.0%, with both types of rent rising and unit rents marginally ahead.

Putting those two pieces together, rental income has risen faster than capital values for both houses and units over the year, so the rent figures are the stronger performers on this data. Which of those outcomes matters to you will depend on whether you prioritise rental income or capital growth in your investing goals.

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.