James Nelis
Grovedale, VIC+18
Melbourne · Inner East
Prestigious and established, Camberwell is defined by its grand historic homes, leafy streetscapes, and the vibrant Burke Road shopping precinct. It offers an aspirational yet comfortable lifestyle, blending heritage charm with upscale amenities, attracting affluent families and professionals seeking a well-connected, community-focused environment.
Market snapshot
Price register · May 2026
Median house
$2.15M - $2.95M
Mid-band $2.55Mspread 31%
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Median unit
$850,000 - $1.15M
Mid-band $1.0Mspread 30%
Days on market
~21-49 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
59% to 69%
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
2.0% to 3.0%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+11% to +31%
cumulative since 2021Who buys here
Established families · High-income professionals · Downsizers seeking amenities
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
Camberwell's property market is a portrait of resilience and prestige, long regarded as one of Melbourne's most affluent and stable suburbs. With a median house price hovering around $2.55 million, it represents the upper echelon of the city's real estate. The market is primarily driven by owner-occupiers, particularly established families and high-income professionals, who are drawn to the suburb's large blocks, heritage homes, and access to elite private schools. This strong owner-occupier base, with a high average hold period of nearly 14 years, creates a tightly held market with consistently low housing stock, which in turn supports price stability.
Recent data indicates a slight cooling in the house market, with a modest year-on-year decline of -1.9%, a typical adjustment in a high-value market post-boom. However, the unit market has shown remarkable strength, with a 13.2% annual growth, reflecting a growing demand from downsizers and younger professionals seeking a more accessible entry point into this premium suburb. Days on market remain low at around 35, indicating that well-priced, quality properties are still moving quickly. The rental market is less of a focus for investors seeking high yields, with houses returning a modest 2.5%, well below the benchmark for a cash-flow positive strategy. Instead, the investment thesis in Camberwell is overwhelmingly geared towards long-term capital growth, underpinned by its strong socio-economic fundamentals and constrained supply.
Future development is guided by the Camberwell Junction Activity Centre plan, which aims to enhance the commercial hub with mixed-use developments while preserving the suburb's cherished heritage character. This focus on improving public spaces, transport integration, and pedestrian connectivity, rather than broad-scale high-density rezoning, is likely to further bolster the suburb's liveability and, by extension, its property values. While the high cost of entry and low rental yields make it a challenging market for yield-focused investors, Camberwell's blue-chip fundamentals ensure it remains a top-tier destination for buyers with a long-term growth strategy.
Camberwell is where long-term capital growth is anchored by prestigious schools, heritage streetscapes, and a tightly held market.
Why a buyers agent
Purchasing in Camberwell requires navigating a complex landscape of heritage overlays, specific school zone boundaries, and a street-by-street hierarchy that significantly impacts value. An experienced buyer's agent possesses an intimate understanding of these nuances, from the premium attached to the Prospect Hill precinct to the subtle differences between seemingly identical streets. They provide access to a significant flow of off-market and pre-market opportunities, which is crucial in a suburb where many of the best homes are sold discreetly. Furthermore, an agent can decipher the true value drivers, preventing overpayment on a main road or identifying a property with untapped potential in a quieter, more desirable pocket.
The suburb is renowned for its stunning heritage architecture, with many streets lined with grand Federation and Edwardian homes on large blocks. This, combined with its lush, tree-lined canopy, creates an enduringly beautiful and prestigious environment.
Camberwell is a hub for quality education, home to highly-regarded schools like Camberwell Primary and Siena College, and within the catchment for Camberwell High School. Its proximity to many of Melbourne's elite private schools makes it a top choice for families.
The Burke Road and Camberwell Junction precinct provides a village-like atmosphere with a sophisticated array of shops, cafes, restaurants, and the iconic Rivoli Cinema. The famous Sunday Market adds to the suburb's unique and vibrant character.
With a major train station serving three lines and three different tram routes, commuting to the CBD or other key areas of Melbourne is fast and convenient, making it ideal for professionals and students.
Compare
| Metric | This suburbCamberwell | NearbyGlen Iris | NearbyHawthorn | NearbyKew |
|---|---|---|---|---|
| Median house | $2.15M - $2.95M | $2.20M - $3.00M | $2.35M - $3.20M | $2.20M - $3.00M |
| Median unit | $850,000 - $1.15M | $600,000 - $800,000 | $500,000 - $675,000 | $725,000 - $1,000,000 |
| Auction clearance | 59% to 69% | 63% to 73% | 70% to 80% | 75% to 85% |
| Days on market | ~21-49 days | ~17-39 days | ~17-39 days | ~17-41 days |
| Year-on-year growth | -7% to +3% | +8% to +18% | -8% to +2% | -6% to +4% |
| 5-year growth | +11% to +31% | +14% to +34% | -1% to +19% | -8% to +12% |
| Rental yield | 2.0% to 3.0% | 2.0% to 3.0% | 2.2% to 3.2% | 1.9% to 2.9% |
| Postcode | 3124 | 3146 | 3122 | 3101 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Camberwell, located 10 kilometres east of Melbourne's CBD, is one of the city's most prestigious and established suburbs, renowned for its leafy avenues, grand Federation and Edwardian homes, and vibrant community atmosphere. The suburb's heart is Camberwell Junction, a bustling intersection where Burke, Riversdale, and Camberwell Roads converge, creating a major commercial and retail hub. This precinct features the iconic Art Deco Rivoli Cinema, hundreds of shops from high-end boutiques to major retailers, and a diverse dining scene with popular spots like Prohibition Food & Wine and Hibiki.
The suburb is exceptionally well-serviced by public transport. Camberwell railway station is a major hub on the Belgrave, Lilydale, and Alamein lines, providing a swift commute to the city. Additionally, tram routes 70, 72, and 75 offer extensive cross-suburban connectivity.
Families are drawn to Camberwell for its outstanding educational institutions. It is home to highly-regarded schools including Camberwell Primary School, Hartwell Primary School, and the all-girls Catholic secondary school, Siena College. Many residents also attend elite private schools in neighbouring suburbs.
Green spaces are abundant, providing residents with ample recreational opportunities. Notable parks include Riversdale Park, with its adventure playground and sports facilities, the picturesque Fordham Gardens, and the expansive Frog Hollow Reserve. The famous Camberwell Sunday Market, a Melbourne institution since 1976, attracts visitors from across the city with its vast array of vintage goods, antiques, and crafts.
Frequently asked
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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