South East Melbourne Property Market Report

This is a suburb-level reading of the residential market across Melbourne's south-east, covering Dandenong, Dandenong North, Doveton, Hallam, Endeavour Hills, Narre Warren, Hampton Park, Berwick, Cranbourne, Cranbourne East, Clyde North, Clyde and Officer.

It is published as a reference for anyone who needs a current, sourced picture of the corridor: local media, community organisations, buyers, sellers and other property professionals. The figures are refreshed monthly and the date of the last update is shown alongside the table.

It is deliberately not a forecast, and it does not rank suburbs as good or bad. It reports what the current data shows, states where the data is incomplete, and explains what each measure does and does not tell you.

Three findings stand out across the corridor.

First, growth has been uneven over the longer term. Five-year growth across these suburbs spans from a few per cent to roughly forty, despite shared infrastructure, a common rail corridor and broadly comparable buyer demographics. A single 'South East Melbourne' growth figure conceals that entirely.

Second, time on market is driven by market structure rather than short-term sentiment. The suburbs that sell fastest tend to be established areas with limited comparable stock and an active auction culture; the slowest tend to be the newer estate suburbs, where a large volume of similar housing gives buyers the option of waiting.

Third, auction activity is concentrated rather than universal. Several suburbs record clearance rates well into the majority of auctions held, while others record no auction results at all. A dash in that column means no auctions were reported — not that auctions failed.

Median house prices are suburb-level medians for houses, not units, and are drawn from the compiled suburb dataset published on this website. Growth figures compare the current median with the corresponding earlier period: five-year growth against 2020, twelve-month growth against the prior year.

Average days on market is the mean time from listing to sale for properties that sold during the period. It is calculated from completed sales, so it excludes properties withdrawn from sale, passed in at auction and not subsequently sold, and re-listed. For that reason it tends to understate how long selling can take for properties that do not sell quickly.

Gross rental yield is the annualised median weekly rent as a percentage of the median house price, before costs. Auction clearance is the proportion of reported auctions that resulted in a sale.

Every figure is a suburb-level statistic. It describes a market and never an individual property, and it should not be used as a substitute for a property-specific appraisal.