Home values across Banyule are showing impressive gains, with several key suburbs now approaching or surpassing their previous market peaks (the Melbourne market peaked in 2022 during the covid lockdowns). The local market continues to perform strongly, reflecting renewed buyer confidence and steady demand for quality homes in Melbourne’s inner and middle-ring suburbs.
According to recent data, Banyule’s median house price now sits at $1,125,000, just shy of its previous high. Ivanhoe is also closing in on its peak, with a current median of $2,057,750, while Ivanhoe East has led recent growth, recording a quarterly increase of 4.1% to reach a median of $2.5 million. Nearby, Rosanna is heading towards its previous record with a median of $1,476,000, and Heidelberg has reached a new high of $1,678,000.
While listing volumes remain lower than in the same quarter of 2024, Melbourne’s median house price has risen for four consecutive months so far in 2025. This momentum is translating directly into the Banyule market, where strong demand, limited supply, and premium lifestyle appeal continue to drive prices upward.
Standout sales
68 The Boulevard, Ivanhoe sold in 20 days with 65 inspections. 42 Rockbeare Grove, Ivanhoe sold with 70 buyer inspections and 13 Mabel Street, Ivanhoe sold before auction in 15 days with two parties completing for the keys. 25-27 Outlook Drive, Eaglemont, a stately Eaglemont home sold after a successful EOI campaign.
Inner and middle-ring suburbs like those across Banyule are expected to benefit most from this next growth cycle, as established family homes in gentrified, well-connected neighbourhoods remain highly sought-after. Even with further interest rate cuts on hold for now, buyer confidence has returned and market growth is forecast to continue well into 2026.
For homeowners considering selling or simply curious about their property’s current value, now is an ideal time to seek an updated market appraisal and take advantage of the renewed strength in the market.
