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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
$1.58MN/A
Change in value
Past 12 months
3.2%N/A
Sold
Past 3 months
252
Median days on market
Past 12 months
29N/A
Average rent
Past 12 months
$730N/A
Change in rent
Past 12 months
N/AN/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.

Suburbs near Research

Some popular suburbs near Research include:

  • Eltham North: Known for its lush greenery and family-friendly atmosphere, Eltham North is located directly southwest of Research.
  • Eltham: Famous for its artistic community and vibrant local culture, Eltham is situated to the southwest of Research.
  • Kangaroo Ground: Offering scenic landscapes and a rural feel, Kangaroo Ground lies to the northeast of Research.
  • North Warrandyte: Known for its natural bushland and tranquil environment, North Warrandyte is located to the southeast of Research.
  • St Helena: Featuring a mix of modern amenities and suburban charm, St Helena is situated to the west of Research.

How does Research compare to nearby suburbs?

  • Median house prices: Research’s median house price is 29.2% higher than Eltham North’s.
  • House price growth: Over the past 12 months, house prices in Research have grown 4.9% higher than in Eltham North.
  • Selling speed for houses: Properties in Research are selling 29.3% faster than in North Warrandyte.
  • House price growth: Over the past 12 months, house prices in Research have grown 54.2% higher than the average rate of growth across Melbourne.

Choose the right real estate agents in Research

There are 26 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 54.4% 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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