What Is the Median House Price in Alphington?
The median house price in Alphington is approximately $1,650,000 (REIV 2025), with a median unit price of approximately $590,000. Alphington sits between Fairfield and Ivanhoe on the Yarra River corridor and commands a significant premium over adjacent Preston and Thornbury.
Alphington Property Price Data
| Metric | House | Unit |
|---|---|---|
| Median Price | $1,650,000 | $590,000 |
| Weekly Rent | $575 | $430 |
| Gross Yield | ~1.8% | ~3.8% |
| Distance to CBD | 8km | |
Why Is Alphington Property So Valuable?
Alphington is one of Melbourne’s smallest suburbs with one of its lowest property turnover rates. The suburb is defined by large homes on substantial blocks, direct Yarra River access, the Alphington Farmers Market and proximity to Ivanhoe Grammar School. The Alphington Park development site has added a significant new residential precinct to the suburb’s south end.
Frequently Asked Questions
- What is the median house price in Alphington?
- Approximately $1,650,000 based on REIV 2025 data.
- Is Alphington a good investment suburb?
- Alphington is a premium capital growth suburb with very low stock turnover. Best suited to long-term holders rather than yield investors.
Find off-market Alphington properties through the Collings Property Platform at collings.com.au/portal.
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