Flemington is one of Melbourne’s most historically rich suburbs, combining the iconic racecourse precinct with Victorian-era streetscapes and strong proximity to the CBD (4km). The suburb is undergoing quiet gentrification as buyers priced out of Kensington and Moonee Ponds discover its relative value.
Flemington Market Snapshot 2026
| Metric | Houses | Units |
|---|---|---|
| Median Price | $1.18M | $510k |
| Rental Yield | 3.8% | 5.1% |
| Annual Growth | +5.4% | +3.9% |
| Median Rent (pw) | $560 | $385 |
| Days on Market | 32 | 38 |
| Vacancy Rate | 2.1% | 2.6% |
GeeVee Investment Score — Flemington
| Factor | Score | Notes |
|---|---|---|
| Rental Yield | 7/10 | Units at 5.1% gross yield — above Melbourne average |
| Capital Growth | 6/10 | Steady performer, gentrification tailwind |
| Infrastructure | 7/10 | Tram access, proximity to CBD, racecourse precinct |
| Tenant Demand | 7/10 | Strong student and professional rental demand |
| Value Opportunity | 8/10 | Undervalued relative to Kensington and Moonee Ponds |
| GeeVee Score | 7.0/10 | Value play with yield upside |
Off-Market Access in Flemington
Flemington’s older housing stock creates regular off-market activity as long-term owners transition. Access off-market listings through the Collings portal before they reach the open market.
Access off-market Flemington listings free at collings.com.au/portal
Flemington Property FAQs
What is the median house price in Flemington?
The median house price in Flemington is approximately $1.18M in 2026. Units have a median of $510k. The suburb offers relative value compared to neighbouring Kensington and Moonee Ponds.
Is Flemington a good investment?
Flemington scores 7.0/10 on the GeeVee Investment Score. It is a value play with yield upside — units deliver 5.1% gross yield and the suburb is undervalued relative to comparable inner-north and inner-west suburbs.
Whether you are buying, selling or investing in Flemington, the Collings Property Platform gives you access to off-market opportunities, portfolio tracking and GeeVee AI analysis. Join free today. collings.com.au/portal
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.
