The short answer: What are blocks of units in Selby?

Blocks of units in Selby represent an attractive investment opportunity due to their potential for high rental yields and economies of scale. With a stable population and favorable demographics, investing in Selby offers considerable benefits to astute investors. As shown by the ABS Census 2021 data, Selby has a population of 1,626 with a median age of 40, which indicates a strong rental market driven by both young professionals and established families.

• Selby’s population, according to the 2021 ABS Census, is 1,626 with a median age of 40 years.
• Median rents in Selby reached $400 per week, positively impacting potential rental yields.
• The median sale price for a house was $930k in Q2 2025, showing a YoY growth of 14.8%.

What do the numbers say in Selby?

Examining the current statistics for Selby, it’s clear that the suburb shows robust growth potential, especially for blocks of units. The median sale price for houses in the April to June 2025 quarter was $930,000, with a quarterly growth of 41.6% and a year-over-year increase of 14.8%, according to DataVic/REIV figures. This steep growth underlines the growing demand and increasing value of properties in Selby.

Furthermore, median rent in Selby stands at $400 per week, which can offer investors substantial rental returns. Such data underscores Selby as a promising location for real estate investment, particularly in the context of blocks of units, which may offer even greater yield potential than standalone houses.

What are the key considerations when investing in Selby?

When investing in Selby, several factors should be taken into account:

• Location and Accessibility: Selby’s proximity to Melbourne offers convenience and attractiveness to renters seeking affordable living near the city.
• Population Dynamics: The area’s median age of 40 suggests a stable rental tenant base, which is a positive sign for ongoing rental demand.
• Economic Indicators: With a median household income of $2,282 per week (ABS Census 2021), residents have a stable income base, supporting rental affordability.

Prospective investors may also consider reviewing insights from related markets in North Melbourne and South Melbourne for a comprehensive understanding of the regional rental landscape.

How does Collings Real Estate help with investing?

Collings Real Estate provides full-service support for investors from initial inquiry through purchase. Our expertise in the local market, combined with our focused investment strategies, allows us to offer unique insights and opportunities like high rental yield suburbs to maximize returns. By collaborating with us, investors can access exclusive off-market blocks of units, tapping into untapped potential.

Contact us at 03 9486 2000 or via email at info@collings.com.au for personalised investment advice. You can also sign up through our portal.

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