Collingwood Property Market & Buyers Agents 2026

Collingwood's property market presents a fascinating dichotomy, particularly evident in the divergent performance of its housing and unit sectors. As of early 2026, the median house price sits around $1.33 million, demonstrating robust annual growth of 14.9%. This surge reflects the suburb's high demand, driven by its prime inner-city location just 3km from the CBD, vibrant lifestyle, and constrained supply of traditional housing stock. Many of Collingwood's houses are tightly-held Victorian-era cottages and terraces, which consistently attract strong interest from owner-occupiers, particularly young professionals and creatives drawn to the area's unique character.

In contrast, the unit market has experienced a more subdued trajectory. The median unit price hovers around $597,500, with a negative annual growth rate of -4.0%. This reflects a broader trend in inner-Melbourne, where a significant pipeline of new apartment developments in recent years has increased supply and tempered price growth. However, this also presents a more accessible entry point for first-home buyers and investors. Rental yields for units are notably strong at approximately 6.0%, significantly higher than the 3.5% for houses, indicating sustained demand from a large tenant population. The suburb has a high proportion of renters, making up around 64% of residents, which underpins this rental demand.

Collingwood is an inner-city suburb just 3km north-east of Melbourne's CBD, renowned for its rich industrial history and vibrant, creative culture. Once a working-class heartland, it has transformed into a sought-after address for young professionals, artists, and those seeking a dynamic urban lifestyle, while still retaining its gritty, authentic character. The suburb is a tapestry of Victorian-era cottages, converted warehouses, and modern apartment buildings.

The suburb's main artery is Smith Street, famously voted the 'coolest street in the world', which it shares with neighbouring Fitzroy. This strip, along with Gertrude Street, is a hub of activity, boasting an eclectic mix of independent boutiques, vintage stores, acclaimed restaurants, and some of Melbourne's most popular bars and live music venues.

Collingwood is well-serviced by public transport. While Collingwood Station is technically in the adjoining suburb of Abbotsford, it provides easy access to the Mernda and Hurstbridge train lines. Trams are a primary mode of transport, with routes 86 and 109/12 running along the suburb's borders on Smith Street and Victoria Parade respectively, providing direct access to the CBD and surrounding areas.

For education, the suburb is home to Collingwood College, a government P-12 school, and St Joseph's Primary School. Green spaces, though limited by the suburb's dense urban fabric, are cherished by locals. The largest is the historic Darling Gardens in the neighbouring suburb of Clifton Hill, offering a tranquil escape. The Collingwood Children's Farm and the adjacent Abbotsford Convent provide a unique, rustic experience on the banks of the Yarra River, right on the suburb's edge.