Is Strathmore a nice place to live?

Strathmore is an inner north Melbourne suburb known for tree-lined streets, interwar cottages and mid-century single-storey brick homes, with small shopping strips nearby. The community has incomes above the Victorian median and includes owner-occupiers and families, with 57.2% of families being couples with children. Local parks and sporting reserves, plus nearby shops, meet everyday needs; a local train station and main roads link Strathmore with the rest of Melbourne, keeping the neighbourhood relatively calm while making the city accessible. The Reimagining Moonee Ponds Creek naturalisation project transformed a 360-metre section of the concrete-lined creek through the suburb.

Is it expensive to live in Strathmore?

Housing costs in Strathmore look quite different depending on whether you rent or buy. A typical local household earned about $2,506 a week at the most recent Census, so a house rent of $750 a week would take about 30% of that weekly income and a unit rent of $550 a week would take about 22%. By contrast, the median house price of $1,387,500 is about 10.6 times a typical local annual household income, which puts buying a house well above local incomes. On these figures, renting generally looks the more manageable option compared with buying, and whether that feels expensive will depend on your own circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Strathmore a good place to invest?

The figures for Strathmore over the past 12 months show median house values fell 8.5% while median unit values edged up 1.7%. House rents rose 7.1% and unit rents climbed 10.0%. Put another way, for houses the rental side moved opposite to capital value, with house rents up 7.1% while house values fell 8.5%. For units, rental income grew much faster than capital growth, with unit rents up 10.0% compared with a 1.7% rise in unit values. 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.

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Strathmore suburb profile

Strathmore is an inner north Melbourne suburb characterised by tree-lined streets and a mix of interwar cottages and mid-century single-storey brick homes. Front gardens, established street trees and quietly residential streets give the area a domestic, suburban feel.

Small shopping strips, local parks and sporting reserves provide everyday amenities, and Essendon Airport is a nearby landmark on the suburb's edge. A local train station and main roads link Strathmore with the rest of Melbourne, keeping the neighbourhood relatively calm while making the city accessible.

Strathmore property market performance

Current median dwelling price$1,027,500Past 3 months

Property growth-3.4%Past 12 months

Strathmore's median house price is $1.39 million, a notable fall of 8.5% over 12 months. There is no reliable median unit price because too few units have sold here recently for a published median. It reads as a house market: 37 houses sold over the last 3 months and 3 units.

In Strathmore, house rents rose 7.1% over 12 months, a solid increase, while house values fell.

	Houses	Units
Median price Past 3 months	$1.39M	N/A
Change in value Past 12 months	-8.5%	1.7%
Sold Past 3 months	37	3
Median days on market Past 12 months	68	71
Average rent Past 12 months	$750	$550
Change in rent Past 12 months	7.1%	10.0%

5 year median price trend for houses and units

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Strathmore demographics

Strathmore is a community with incomes above the median for Victoria, owner-occupiers and families with children.

Couples with children make up 57.2% of families, and couples without children are 30.4%. At the 2021 Census 8,980 people lived in Strathmore.

Strathmore and Victoria

	Suburb	VIC
Median age years	41	38
Median household income weekly	$2,506	$1,759
Couples with children share of families	57.2%	45.5%
Couples without children share of families	30.4%	37.6%
One-parent families share of families	11.2%	15.2%
Homes owned outright share of homes	42.6%	33.2%
Homes with a mortgage share of homes	40.2%	37.3%
Homes rented share of homes	17.2%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Strathmore infrastructure, key developments and investment opportunities

Strathmore saw the Reimagining Moonee Ponds Creek naturalisation project transform a 360-metre section of the concrete-lined creek through the suburb between 2023 and 2025.

The Strathaird Reserve pocket park in Strathmore opened in 2023 with new play equipment and a half basketball court. The Nursery Corner Reserve Master Plan was endorsed in 2023 (the plan will guide design, development and management of the open space to 2038). Just outside the suburb, Essendon Fields’ Hart Precinct (on the Strathmore border) completed new manufacturing facilities in 2024 and a further facility in August 2025.

Suburbs near Strathmore

Some popular suburbs near Strathmore include:

How does Strathmore compare to nearby suburbs?

Median house prices: Strathmore’s median house price is 48.4% higher than Pascoe Vale’s.
Median unit prices: Strathmore’s median unit price is 2.1% higher than Pascoe Vale’s.
House price growth: Property prices in nearby Pascoe Vale have risen 16.2% more than in Strathmore over the past year.
Unit price growth: Over the past 12 months, unit prices in Strathmore have grown 1.7% higher than in Essendon.
Selling speed for houses: Properties in nearby Pascoe Vale are selling 45.6% faster than in Strathmore.
Selling speed for units: Properties in nearby Pascoe Vale are selling 50.7% faster than in Strathmore.
Investment considerations: In Strathmore, the rental yield for house is 17.9% higher than the Melbourne average, while the rental yield for units is 7.6% lower.
House price growth: Over the past 12 months, house prices in Strathmore have grown 41.3% higher than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Strathmore have grown 12.9% higher than the average rate of growth for units across Melbourne.

Common questions about Strathmore

Is Strathmore a nice place to live?
Strathmore is an inner north Melbourne suburb known for tree-lined streets, interwar cottages and mid-century single-storey brick homes, with small shopping strips nearby.

The community has incomes above the Victorian median and includes owner-occupiers and families, with 57.2% of families being couples with children. Local parks and sporting reserves, plus nearby shops, meet everyday needs; a local train station and main roads link Strathmore with the rest of Melbourne, keeping the neighbourhood relatively calm while making the city accessible. The Reimagining Moonee Ponds Creek naturalisation project transformed a 360-metre section of the concrete-lined creek through the suburb.
Is it expensive to live in Strathmore?
Housing costs in Strathmore look quite different depending on whether you rent or buy. A typical local household earned about $2,506 a week at the most recent Census, so a house rent of $750 a week would take about 30% of that weekly income and a unit rent of $550 a week would take about 22%. By contrast, the median house price of $1,387,500 is about 10.6 times a typical local annual household income, which puts buying a house well above local incomes. On these figures, renting generally looks the more manageable option compared with buying, and whether that feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Strathmore a good place to invest?
The figures for Strathmore over the past 12 months show median house values fell 8.5% while median unit values edged up 1.7%. House rents rose 7.1% and unit rents climbed 10.0%.

Put another way, for houses the rental side moved opposite to capital value, with house rents up 7.1% while house values fell 8.5%. For units, rental income grew much faster than capital growth, with unit rents up 10.0% compared with a 1.7% rise in unit values.

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.

Choose the right real estate agents in Strathmore

In Strathmore ,70 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 31.0% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.54% and 2.94%. 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.