Wheelers Hill is a premium family suburb in Melbourne’s southeast corridor, sharing the Monash LGA with Clayton and Mulgrave. The suburb is known for Wheelers Hill Secondary College, well-maintained parks, EastLink access and a mix of established homes with good land content.
Wheelers Hill Property Market Snapshot 2026
| Metric | Houses | Units |
|---|---|---|
| Median Price | $1,250,000 | $760,000 |
| Gross Rental Yield | 3.2% | 4.0% |
| Annual Growth (5yr avg) | 6.0% | 4.8% |
| Median Weekly Rent | $610 | $470 |
| Days on Market | 27 | 23 |
| Vacancy Rate | 1.0% | 1.2% |
Is Wheelers Hill a Good Investment?
Wheelers Hill scores 7.2/10 on the GeeVee Investment Score. A premium location with consistent capital growth, elite school access and a Monash employment corridor tailwind. Yield is low making it better suited to long-term capital growth investors and owner-occupiers than cash flow seekers.
Off-Market Properties in Wheelers Hill
Access off-market listings in Wheelers Hill and the Monash LGA: collings.com.au/portal.
Frequently Asked Questions
What is the median house price in Wheelers Hill?
The median house price in Wheelers Hill is approximately $1,250,000 in 2026.
Find your next property with Collings
Track suburbs, get matched to on-market and off-market listings, and manage your whole property search in one place. Access the Collings property portal.
