The Nunawading median house price is $1.18 million for the April to June 2025 quarter, according to DataVic/REIV data. That figure represents a quarter-on-quarter change of -4.8% and a year-on-year change of +0.4%, painting a picture of a suburb that has held its value over the longer term while experiencing some short-term softening. Whether you are buying, selling, or investing in Nunawading, understanding these numbers is the essential first step.

What Is the Nunawading Median House Price Right Now?

Based on DataVic/REIV figures (via Collings Real Estate’s CRM data), the headline numbers for Nunawading property in the April to June 2025 quarter are:

• Median house price: $1,180,000 (QoQ: -4.8% | YoY: +0.4%)
• Median unit price: $839,000 (QoQ: -0.3% | YoY: +21.5%)

The house median has dipped modestly over the most recent quarter, which is consistent with broader seasonal softening seen across Melbourne’s middle-ring suburbs heading into the cooler months. However, the 12-month picture is one of resilience: houses in Nunawading are up 0.4% year-on-year, meaning the suburb has broadly held its ground against headwinds from elevated interest rates and cautious buyer sentiment.

The unit market tells a more dynamic story. A 21.5% year-on-year increase in the Nunawading median unit price, to $839,000, suggests that demand for lower-entry-point Nunawading property has surged as buyers seek value within the eastern corridor. This level of annual growth in the unit segment is notably strong and warrants attention from investors and first-home buyers alike.

How Does Nunawading Compare to Inner-North Melbourne?

For context, Collings Real Estate also tracks median prices across Melbourne’s inner-north and north-east. If you are weighing up locations, it is worth reviewing the median house price in Reservoir or the median house price in Preston, both of which sit in different price brackets and offer distinct investment profiles. Nunawading’s $1.18M house median positions it firmly in the upper-middle tier of Melbourne’s broader suburban market.

What Do the Numbers Say About the Nunawading Property Market?

Raw price data is only part of the story. To properly assess the Nunawading property market, it helps to layer in the demographic and economic context that underpins demand.

According to the ABS Census 2021 (via Collings Real Estate’s CRM data), Nunawading has:

• Population: 12,413 residents
• Median age: 39.0 years
• Median household income: $1,938 per week
• Median rent: $391 per week

A median household income of $1,938 per week is meaningfully above Melbourne’s broader median, reflecting a suburb populated by established working families and dual-income households. This demographic profile supports sustained demand for well-presented family homes in the $1M to $1.4M range, which is precisely where the bulk of Nunawading sales are concentrated.

The median rent of $391 per week (at the time of the 2021 Census) has almost certainly moved higher since then, given Melbourne’s rental market tightening significantly between 2022 and 2025. Investors buying Nunawading units at the current median of $839,000 should seek current rental appraisal data to model accurate yields.

What Is Driving the Unit Price Surge?

The 21.5% year-on-year lift in Nunawading’s unit median is substantial. Several factors are likely contributing:

1. Affordability migration: Buyers priced out of inner suburbs are moving east, lifting demand for units in well-connected middle-ring areas.
2. Infrastructure investment: The broader Box Hill to Mitcham corridor has seen ongoing investment in retail, transport, and amenity, making Nunawading increasingly attractive.
3. Low unit stock: The supply of quality units in Nunawading remains constrained, which amplifies price movements when demand rises.

For comparison, the median house price in Brunswick reflects how inner-suburb unit markets can become saturated with new supply, dampening growth. Nunawading’s relative scarcity of unit stock is a key differentiator.

What Are the Key Considerations When Buying or Selling in Nunawading?

Whether you are buying in Nunawading, selling in Nunawading, or assessing it as an investment, the following factors are material to any decision.

For Buyers

• Entry price: At a $1.18M house median, Nunawading requires significant borrowing capacity. Buyers should obtain pre-approval before inspecting, particularly in a market where well-presented homes can still attract competitive auction bidding.
• Land size matters: Nunawading contains a mix of original 1960s to 1980s homes on generous blocks alongside newer townhouse developments. Homes with development potential or rear access tend to command premiums above the median.
• School zones: Proximity to Nunawading Christian College, Nunawading Primary School, and Vermont Secondary College are recurring decision factors for the suburb’s family-dominated buyer pool.

For Sellers

• Timing: The -4.8% quarterly dip is worth monitoring. Sellers who can wait for the spring market (September to November) historically benefit from higher volumes and more competitive bidding conditions.
• Presentation premium: DataVic/REIV data captures median sales across all conditions. Professionally presented, renovated homes in Nunawading routinely transact 10% to 15% above the median, underscoring the value of pre-sale preparation.
• Accurate appraisal: Given the quarterly price movement, an appraisal conducted six or twelve months ago may no longer reflect current market value. A current, data-driven appraisal is essential before setting a reserve or listing price.

For Investors

• Unit market momentum: The 21.5% YoY unit price growth signals active demand. Investors considering Nunawading should focus on well-located units close to Nunawading Station and the Whitehorse Road retail strip.
• Rental yield modelling: With a 2021 median rent of $391 per week as a baseline, current rental appraisals are essential before committing to a purchase. The Collings team can provide rental assessments as part of a free property appraisal.
• Long-term hold case: A 0.4% YoY house price gain in a high-rate environment is a reasonable outcome. The suburb’s strong income demographics and low vacancy rates in the broader Whitehorse LGA support a long-term hold thesis.

How Does Collings Real Estate Help You Act on Nunawading Property Data?

Data without context is just numbers. The Collings Real Estate team works with buyers, sellers, and investors across Melbourne’s eastern and northern corridors to translate suburb-level price data into actionable decisions.

Collings offers:

• Free property appraisals for Nunawading homeowners considering selling, grounded in the latest DataVic/REIV sales data and comparable recent transactions.
• Off-market property access through the Collings portal, where registered buyers receive early alerts on properties before they reach the public market. You can sign up at collings.com.au/portal.
• Investment advisory for buyers evaluating Nunawading units and houses against other Melbourne suburbs. If you are also comparing inner-north options, our guide to the median house price in Northcote provides a useful reference point for a different market profile.

To speak with a Collings agent about Nunawading property, contact the team directly:

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Office: 230 Waterdale Road, Ivanhoe, VIC 3079

The Nunawading market rewards buyers and sellers who act on accurate, current data. Request a free property appraisal today to understand exactly where your property sits relative to the $1.18M house median and the rapidly rising $839,000 unit median.

Frequently Asked Questions About Nunawading Median House Prices

Below are the most common questions the Collings team receives about Nunawading property prices, answered using the latest available data.

What is the median house price in Nunawading in 2025?

The Nunawading median house price is $1,180,000 for the April to June 2025 quarter, according to DataVic/REIV data. This is down 4.8% on the previous quarter but up 0.4% year-on-year.

What is the median unit price in Nunawading?

The Nunawading median unit price is $839,000 for the April to June 2025 quarter, representing a year-on-year increase of 21.5%, according to DataVic/REIV data (via Collings Real Estate’s CRM).

Is Nunawading a good suburb to invest in?

Nunawading shows strong fundamentals for investors: a median household income of $1,938 per week (ABS Census 2021), a tightly held unit market with 21.5% YoY price growth, and proximity to Box Hill’s employment and retail hub. As with any suburb, rental yield modelling and current vacancy data are essential before committing capital.

How has the Nunawading property market changed over the past year?

Over the 12 months to June 2025, Nunawading house prices rose 0.4% to a median of $1.18M, while unit prices surged 21.5% to $839,000. The house market has held broadly steady in a challenging rate environment, while the unit segment has seen significant demand-driven growth.

How can I get a property appraisal for my Nunawading home?

Collings Real Estate offers free property appraisals for Nunawading homeowners. Contact the team on 03 9486 2000, email info@collings.com.au, or visit the office at 230 Waterdale Road, Ivanhoe, VIC 3079.