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Research suburb profile

Research is a picturesque suburb located in Melbourne's northeastern outskirts, approximately 24km from the CBD. Known for its semi-rural charm and natural beauty, Research offers a peaceful lifestyle with a strong community spirit. The suburb is characterized by its spacious properties, native bushland, and proximity to the Yarra River, making it ideal for nature enthusiasts and families seeking tranquility. Despite its serene setting, Research provides convenient access to amenities in nearby Eltham and Greensborough, including schools, shopping centers, and public transport. Its blend of rural ambiance and suburban convenience makes Research a desirable location for those looking to escape the hustle and bustle of city life.

Research property market performance

Research’s property market has shown positive growth over the past 12 months, with house values increasing by 6.3%. The current median house price stands at $1.77 million. However, the unit market remains inactive, with no change in median unit value and minimal sales activity.

In terms of sales, 21 houses were sold over the last 12 months, with a median time on market of 30 days, indicating a relatively brisk pace for house sales. The unit market, however, has seen negligible activity, with only 2 units sold and no median days on market recorded.

The rental market for houses in Research has remained stable, with a slight increase of 0.7% in average rent over the last 12 months, bringing it to $730. The unit rental market remains inactive, reflecting the overall lack of movement in this segment.

HousesUnits
Median price
Past 3 months
$1.77MN/A
Change in value
Past 12 months
6.3%N/A
Sold
Past 3 months
212
Median days on market
Past 12 months
30N/A
Average rent
Past 12 months
$730N/A
Change in rent
Past 12 months
0.7%N/A

5 year median price trend for houses and units

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Research demographics

Research, a serene suburb located in the northeastern part of Melbourne, offers a tranquil lifestyle amidst lush greenery and a close-knit community. With a population of 2,695, it is a small yet vibrant suburb that appeals to families and those seeking a peaceful environment away from the hustle and bustle of city life. The median age of 44 indicates a mature community, with many residents enjoying the suburb's natural beauty and family-friendly atmosphere.

The suburb is predominantly composed of couple families, with 55.9% having children and 34.5% without, reflecting its appeal to both growing families and those whose children have moved out. The presence of one-parent families is relatively low at 8.7%, and other family types make up less than 1% of the population, highlighting the suburb's family-oriented nature.

Property ownership in Research is notably high, with 46.6% of homes owned outright and 47.4% owned with a mortgage, indicating a stable and established community. The rental market is minimal, with only 6% of properties being rented, which suggests a preference for long-term residency and investment in the area. The median total household income of $2,876 per week reflects the suburb's affluence and the residents' capacity to maintain a comfortable lifestyle.

Research's appeal lies in its blend of natural beauty, community spirit, and family-friendly environment, making it an ideal location for those seeking a harmonious balance between suburban living and proximity to Melbourne's amenities.

Research infrastructure, key developments and investment opportunities

Research continues to benefit from its position within the Nillumbik Green Wedge, with council strategies emphasising protection of bushland character and low-density residential development, which tends to support long-term scarcity value for housing. Incremental upgrades to local community facilities and retail around the Main Road village centre are improving day-to-day amenity without significantly altering the suburb’s semi-rural feel. Proximity to the broader Eltham activity centre, with its established shopping, dining, schools and rail access, remains a key driver of demand, particularly for families seeking larger blocks within reach of major services.

Transport access in Research remains focused on road connections towards Eltham and Greensborough, with bus services providing links to train stations but no major new transport infrastructure announced, meaning car dependency is likely to remain a consideration for buyers. Council planning policy continues to limit large-scale redevelopment, so any future growth in housing supply is expected to be modest, which may underpin prices if buyer demand for acreage and lifestyle properties stays strong. There are currently no widely publicised major infrastructure or school projects specific to Research that would significantly shift local market dynamics in the near term.

Research rental market trends

The rental market in Research has remained stable, with house rents experiencing a slight increase of 0.7% over the past year to $730 per week. There is no data available for unit rents, indicating a potential lack of unit rental properties in the area. Research offers a tranquil lifestyle, appealing to those seeking a suburban environment with steady rental conditions.

Suburbs near Research

Some popular suburbs near Research include:

How does Research compare to nearby suburbs?

  • Median house prices: Research’s median house price is 45.2% higher than Eltham North’s.
  • House price growth: Over the past 12 months, house prices in Research have grown 6.3% higher than in Eltham North.
  • Selling speed for houses: Properties in Research are selling 50.8% faster than in Kangaroo Ground.
  • House price growth: Over the past 12 months, house prices in Research have grown 57.0% higher than the average rate of growth across Melbourne.

Common questions about Research

  • Is Research a nice place to live?

    Research is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to live. Nestled amidst lush greenery, this charming area provides a peaceful lifestyle that is perfect for those who appreciate the beauty of nature and a strong sense of community. The suburb's semi-rural charm is complemented by its spacious properties and native bushland, creating an idyllic setting for families seeking tranquility and a connection to the natural world.

    Families will find Research particularly appealing due to its proximity to excellent schools and essential amenities in nearby Eltham and Greensborough. The suburb's relaxed vibe is enhanced by its access to shopping centers, cafes, and public transport options, ensuring that residents have everything they need within easy reach. Safety is generally not a concern in this peaceful enclave, allowing families to enjoy a secure and harmonious lifestyle.

    While Research offers a fantastic quality of life, there are some trade-offs to consider. The suburb's reliance on road connections and bus services means that car dependency is a factor for residents, as there are no major new transport infrastructures currently planned. Additionally, the area's commitment to preserving its bushland character and low-density development means that housing supply growth is expected to be modest, which could impact property prices over time.

    Overall, Research is a lovely place to live for those who value a harmonious balance between suburban living and natural beauty. Its family-oriented atmosphere, combined with the convenience of nearby amenities, makes it an ideal choice for families looking to escape the hustle and bustle of city life while still enjoying the benefits of suburban convenience.

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  • Is it expensive to live in Research?

    Living in Research can be quite costly, especially when it comes to housing. The median house price in the suburb is around $1,771,000, which is significantly high compared to many other areas. Unfortunately, there aren't any units available, so if you're considering living in Research, buying a house is your only option. Renting is also on the pricier side, with the average rent for houses being approximately $730 per week.

    When you compare this with the average wage in Melbourne, which is about $95,000 per year, it's clear that a substantial portion of your income would go towards housing in Research. The median total household income weekly in Research is $2,876, which is relatively high, but the cost of housing still makes it a stretch for many. While Research offers a serene environment and a suburban lifestyle, the financial commitment required to live here is considerable. It's important to carefully evaluate your budget and financial situation before deciding to move to this picturesque suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Research a good place to invest?

    Research is an intriguing suburb for investment, especially if you're looking for a stable and steady market. Over the past year, the median house value in Research has increased by 6.3%, which indicates a healthy growth rate. This suggests that the suburb is maintaining its appeal and demand among buyers, making it a potentially rewarding choice for those interested in capital growth over time.

    While the median unit value and rental prices for both houses and units have remained stable, this could be seen as an opportunity for investors seeking consistency and low volatility. The lack of change in unit values and rents might appeal to those who prefer a more predictable investment environment without the risk of sudden market fluctuations.

    Overall, Research offers a balanced investment landscape with its steady house price growth and stable rental market. It might not be the place for rapid gains, but for investors who value consistency and gradual appreciation, Research could be a solid choice. The suburb's appeal lies in its potential for long-term stability, making it a reliable option for those looking to build a secure investment portfolio.

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Choose the right real estate agents in Research

There are 24 real estate agents in Research, 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 55.6% of all sales in the past year.

Commission rates in Research 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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