Ivanhoe and Bulleen are separated by the Yarra River and a $570,000 house price gap. Bulleen is the value play for buyers who want the northeast Melbourne lifestyle at a significantly lower entry point.
At a Glance: Ivanhoe vs Bulleen 2026
| Metric | Ivanhoe | Bulleen |
|---|---|---|
| Median House Price | $1,850,000 | $1,280,000 |
| Median Unit Price | $720,000 | $580,000 |
| Gross Unit Yield | 3.2% | 4.0% |
| 5-Year Growth | 38% | 32% |
| GeeVee Score | 7.9/10 | 8.0/10 |
Why Bulleen Scores Higher Than Its Price Suggests
Bulleen’s GeeVee score of 8.0/10 — marginally higher than Ivanhoe’s 7.9/10 — reflects its exceptional land-to-value ratio, Yarra River parkland access, proximity to Eastern Freeway and the North East Link infrastructure pipeline. Bulleen has some of Melbourne’s largest residential blocks in the sub-$1.5m price bracket, creating significant development upside and value-add potential that Ivanhoe’s established premium market does not offer.
Frequently Asked Questions
Is Bulleen a good investment suburb?
GeeVee scores Bulleen 8.0/10. Its $1,280,000 median house price, 4.0% unit yield, large block sizes and North East Link proximity create a strong investment case for 2026 buyers (REIV Q2 2025).
How far is Bulleen from Ivanhoe?
Bulleen is approximately 4km southeast of Ivanhoe, separated by the Yarra River and Heidelberg Road.
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