CitiesVIC

Melbourne

Greater Melbourne's median dwelling value was $786,718 at 31 August 2026 (houses $920,432, units $629,054), down 4.7% over the year and 1.1% in August (Cotality Home Value Index).

discover.cotality.com

Melbourne dwelling values sit 6.8% below their March 2022 peak, while rents rose 5.1% for houses and 4.9% for units over the year to August 2026 (Cotality).

discover.cotality.com

Victoria led the HIA Housing 100 in 2024/25 with 20,192 starts, 31% of all Housing 100 activity.

hia.com.au

The Victorian Government has released a plan for 27 new greenfield areas across Melbourne's outer south-east, north and west over the next 10 years, and is planning around 60 activity centres across Melbourne.

vic.gov.au
Builders

Builders active in Melbourne.

01

Metricon

volume home builder

Melbourne-founded volume builder operating in VIC, NSW, QLD and SA; majority-owned by Sumitomo Forestry since 2024. Piloted 20-day slab-to-completion prefab homes in outer Melbourne in 2026.

HIA Housing 100 #1 nationally for the 10th year in 2024/25 with 4,015 starts. In 2025/26 its parent Sumitomo Forestry Australia (Metricon, Henley, Wisdom, Scott Park) ranked #1 with 8,038 starts.

metricon.com.au
02

AHB Group (Sherridon Homes / SOHO Living)

volume home builder

Victorian building group behind Sherridon Homes, with SOHO Living as its semi-detached/townhouse partner; about 20 display locations across Victoria.

Victoria's largest builder in the HIA Housing 100 2024/25 with 2,891 starts (2,385 detached, 506 semi-detached), #5 nationally.

sherridonhomes.com.au
03

Simonds Homes (incl. Dennis Family Homes)

volume home builder

ASX-listed (SIO) Victorian volume builder that bought Dennis Family Homes in 2025; 1H FY26 revenue up 14% to $362.8m.

1,772 starts in FY24 plus Dennis Family Homes' 474; the combined group was described as Australia's sixth-largest residential builder.

theurbandeveloper.com
04

Henley

volume home builder

Melbourne volume builder majority-owned by Sumitomo Forestry since 2009 (69.4% stake since 2020).

Part of Sumitomo Forestry Australia, HIA Housing 100 #1 group in 2025/26 with 8,038 starts across Henley, Wisdom, Scott Park and Metricon.

realestatesource.com.au
05

Boutique Homes

volume home builder

Victorian volume builder owned by ABN Group, which describes itself as strong in both Western Australia and Victoria.

ABN Group ranked #2 in the HIA Housing 100 2025/26 with 3,764 starts nationally (no Victorian breakdown published).

realestatesource.com.au
06

Carlisle Homes

volume home builder

Mulgrave-based builder with 120+ floorplans on display at 28+ locations across Melbourne and Geelong.

Named HIA Australia's Most Professional Major Builder 2025; 28+ display locations.

carlislehomes.com.au
07

Burbank Homes

volume home builder

Family-owned builder operating since 1983, with display homes in Melbourne's east, north and west (including Clyde North, Berwick and Mickleham) and in Lara.

No current starts figure verified; display network across Melbourne growth corridors.

burbank.com.au
08

Kapitol Group

apartment & commercial

Melbourne-based builder founded in 2018 with 300+ staff, building major build-to-rent schemes such as District Living Docklands (626 apartments in stage one) and Assemble's 326-apartment Coburg project.

#1 in Hubexo's Construction League for 2025, with 17 projects worth more than $3.5bn started; pipeline above $4bn.

theurbandeveloper.com
09

Hickory

apartment & commercial

Melbourne builder-developer working on residential, commercial and student housing. Preferred builder for Fitzroy Gasworks (about 820 homes) and building a $300m student housing project at 570 Little Bourke Street.

Preferred builder for about 820 homes at Fitzroy Gasworks (works targeted for 2026); $300m CBD student housing project under construction.

hickory.com.au
Developers

Developers shaping Melbourne.

01

Stockland

master-planned communities

National developer with 18 master-planned communities across Victoria.

  • Cloverton (Kalkallo/Beveridge), described as Victoria's largest master-planned community under development
  • Mt Atkinson (Truganina)
  • Highlands, Harpley and 15 other Victorian communities
stockland.com.au
02

Mirvac

apartments

ASX-listed developer of Melbourne apartments that also runs build-to-rent through LIV Mirvac.

  • The Albertine (Albert Park)
  • Prince & Parade (near Princes Park)
  • Voyager at Yarra's Edge (Docklands)
mirvac.com
03

Lendlease

mixed-use

Integrated developer-builder. Melbourne Quarter is expected to house more than 3,000 residents when complete.

  • Melbourne Quarter (CBD, opposite Southern Cross Station): commercial towers, East residential tower and West build-to-rent tower due late 2026
lendlease.com
04

Satterley

master-planned communities

Land developer with estates across Melbourne's north, west and south-east growth corridors.

  • Bluestone (Tarneit)
  • Botanical (Mickleham)
  • Heartford (Donnybrook); Arcadia (Officer); Maple Grove (Pakenham)
satterley.com.au
05

AsheMorgan

build-to-rent

Developer of District Living, one of Melbourne's largest build-to-rent precincts; construction started December 2025.

  • District Living, 10 Little Docklands Drive, Docklands: 925+ build-to-rent apartments, stage one (626) due 2027, built by Kapitol
btrnews.au
06

Assemble

build-to-rent

Melbourne developer backed by institutional investors, offering rent, buy and rent-to-own options for middle- and lower-income households.

  • 519 Sydney Road, Coburg (opens Nov 2026)
  • Victoria Street, Brunswick (opens Oct 2026)
  • Fitzroy Gasworks (about 400 homes, Parcel B); Kensington projects
assemble.com.au
07

Milieu

apartments

Collingwood-based, design-led apartment developer founded in 2010.

  • Fitzroy Quarter / Fitzroy Gasworks (about 420 homes, Parcel C, 2026)
  • Saxon Street, Brunswick (2025)
  • Derby Street, Collingwood (2025)
milieuproperty.com.au
08

ID_Land

master-planned communities

Development arm of ID_CORP, with 26 communities and 7,000+ properties delivered.

  • Rosalia (Gisborne)
  • Haymont (Charlemont, Armstrong Creek)
idland.com.au
09

Cedar Woods

master-planned communities

ASX-listed developer of land, townhouses and community housing in Melbourne and regional Victoria.

  • Corio community (Geelong)
  • Wollert land holding (10ha sold for a Hume Anglican Grammar campus)
  • Fairfield site acquisition; Noble Park community housing project
cedarwoods.com.au
Suburbs

Suburbs to know in Melbourne.

GrowthHume (outer north-west)

Sunbury

Sunbury SA3 was Greater Melbourne's best performer over the year to August 2026 (+2.7%) while the city fell 4.7%. The suburb's median house price grew 7.78% over 12 months.

House $720,000; unit $525,000 (CoreLogic, 12 months to mid-2026)

yourinvestmentpropertymag.com.au
GrowthWyndham (west)

Werribee

Among the strongest suburb results in this set: house medians +6.97% and unit medians +10.34% over 12 months, with 1,056 house sales.

House $660,000; unit $480,000 (CoreLogic, 12 months to mid-2026)

yourinvestmentpropertymag.com.au
New supplyCasey (south-east growth corridor)

Clyde North

High-volume greenfield market with 1,044 house sales in 12 months and house prices +3.45%. Casey-South SA3 was one of only four Melbourne regions to rise over the year (+0.7%).

House $750,000; unit $615,000 (CoreLogic, 12 months to mid-2026)

yourinvestmentpropertymag.com.au
New supplyWyndham (west growth corridor)

Tarneit

The busiest suburb in this set (1,695 house sales in 12 months) and home to Satterley's Bluestone estate; units +6.53%.

House $671,750; unit $485,000 (CoreLogic, 12 months to mid-2026)

yourinvestmentpropertymag.com.au
New supplyHume (north growth corridor)

Kalkallo

Home of Stockland's Cloverton, described as Victoria's largest master-planned community under development, with a proposed city centre, hospital and tertiary campus planned.

House $640,000 (CoreLogic, 12 months to mid-2026)

stockland.com.au
New supplyHume (north growth corridor)

Mickleham

Greenfield suburb with Satterley's Botanical estate and volume-builder display homes; 736 house sales in 12 months, houses +3.11%.

House $704,500; unit $610,000 (CoreLogic, 12 months to mid-2026)

yourinvestmentpropertymag.com.au
New supplyCity of Melbourne (inner)

Docklands

Urban renewal precinct where AsheMorgan and Kapitol began District Living (925+ build-to-rent apartments, stage one due 2027) in December 2025.

Unit $570,000 (CoreLogic, 12 months to mid-2026)

btrnews.au
New supplyMerri-bek (inner north)

Coburg

Sydney Road corridor infill: Assemble's 326-apartment build-to-rent-to-own project at 511-537 Sydney Road (built by Kapitol, opening Nov 2026). House prices +4.17%.

House $1,250,000; unit $600,000 (CoreLogic, 12 months to mid-2026)

assemble.com.au
LifestyleMerri-bek (inner north)

Brunswick

Inner-north favourite with active medium-density supply, including Milieu's Saxon Street and Nightingale Park Street and Assemble's Ballarat Street and Victoria Street projects. Houses +2.93%.

House $1,300,000; unit $600,000 (CoreLogic, 12 months to mid-2026)

yourinvestmentpropertymag.com.au
LifestyleMonash (eastern suburbs)

Glen Waverley

Established eastern family suburb where house prices rose 4.35% over 12 months, while Melbourne house values overall fell 5.7%.

House $1,737,400; unit $932,500 (CoreLogic, 12 months to mid-2026)

yourinvestmentpropertymag.com.au
How these suburbs were chosen

A mix of: (1) growth, meaning suburbs and SA3 regions that beat the falling Melbourne market in Cotality's August 2026 index or posted the strongest 12-month median rises; (2) development, meaning greenfield growth-corridor suburbs with large master-planned estates and high sales volumes (Hume, Wyndham, Casey), plus inner urban-renewal and build-to-rent precincts with named projects under way; (3) lifestyle, meaning established inner-north and eastern suburbs that are holding value, with steady family demand or new medium-density supply. Suburb medians are CoreLogic 12-month medians shown on Your Investment Property's suburb pages (data points to June 2026). Growth figures are 12-month changes in the median.

Compiled from public sources, September 2026. Companies are listed for market context only and no affiliation is implied.

Building or developing in Melbourne?

Show us how the work happens today.

Bring the old system, spreadsheet, screenshots or process. We can help work out what should stay, what should change and what software is worth building.

Talk about your workflow