Suburb Description
Wheelers Hill is a picturesque suburb located in Melbourne's southeast, approximately 23 km from the CBD, within the City of Monash local government area. Known for its lush greenery, elevated views, and spacious layout, it offers a serene, family-friendly residential environment with a mix of modern and traditional homes. The suburb features numerous parks and reserves, including the popular Jells Park, providing ample recreational opportunities. Wheelers Hill boasts excellent educational facilities and shopping centers, making it a desirable location for families and professionals seeking a balanced lifestyle.
Suburb Details
Current median house price:
1400000
Current median unit, townhouse, villa, apartment price:
841500
Current overall median rent weekly:
Annual rent growth rate:
Number of properties for sale:
46
Current house rental yield:
2.6%
Current unit rental yield:
5.5%
Current vacancy rate:
1.9%
Number of houses sold in last 12 months:
222
Number of units sold in last 12 months:
17
Number of properties sold recently:
228
Time on Market
Current time on market for houses:
29
Current time on market for units:
26
Growth Information
Growth - House past 12 months:
-4.4%
Growth - House past 24 months:
7.69%
Growth - Unit, townhouse, villa, apartment past 12 months:
-5.1%
Demography
Population:
20652
Median age:
46
Gender distribution:
Male: 48.4%
Female: 51.6%
Person type:
Families - Count: 0
Families - Average children per family: 0
Married: 61.2%
Separated: N/A
Divorced: 6.5%
Not married: 32.3%
Salary:
Weekly household income: $1,818 pw
Average annual income range: $78,000 - $130,000
Public housing:
Percentage: N/A
Street information: N/A
Property ownership types:
Fully owned: 81%
Being purchased: 4.73%
Being rented: 14.27%
Other or not stated: N/A
Property types:
Separate house: 89%
Semi-detached: 6%
Flat/unit/strata: 5%
Other: N/A
Median Price History
| Type | Bedrooms | Year | Price |
|---|---|---|---|
| House | 3 | 2025 | 1227000 |
| House | 4 | 2025 | 1387000 |
| House | 5 | 2025 | 1605000 |
| Year | House | Unit |
Rent Price History
| Type | Bedrooms | Year | Price |
|---|---|---|---|
| House | 3 | 2025 | 620 |
| House | 4 | 2025 | 750 |
| House | 5 | 2025 | 805 |
| Unit, Villa, Townhouse, Apartment | 2 | 2023 | 420 |
| Unit, Villa, Townhouse, Apartment | 3 | 2023 | 550 |
| Year | House | Unit |
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