The Docklands median house price currently sits at $585,000 for units as of the April to June 2025 quarter, reflecting a quarter-on-quarter change of -0.8% and a year-on-year decline of -8.6%, according to DataVic/REIV data (via CRM Brain). Docklands is a predominantly apartment-driven market, so the unit median is the most relevant benchmark for buyers, sellers, and investors evaluating this inner-Melbourne waterfront suburb.

What Is the Docklands Median House Price Right Now?

According to DataVic/REIV figures (via CRM Brain), the median sale price for units in Docklands is $585,000 for the April to June 2025 quarter. This represents a quarterly decline of 0.8% and a more significant annual decline of 8.6% compared to the same quarter in 2024. For context, that annual softening reflects broader headwinds across Melbourne’s inner-city apartment sector, including elevated supply, rising body corporate costs, and shifting buyer sentiment toward freestanding dwellings.

It is important to note that Docklands is almost exclusively a high-density residential market. Unlike suburbs such as Northcote, where freestanding houses dominate the median house price conversation, Docklands transactions are overwhelmingly apartments and serviced residences. The $585,000 unit median is therefore the most meaningful and widely cited price point for this suburb.

Recent Sold Comparables

• One-bedroom apartments in New Quay and Waterfront City precincts have been transacting in the $400,000 to $520,000 range across recent quarters.
• Two-bedroom, two-bathroom apartments with car spaces have achieved $600,000 to $780,000 depending on floor level, aspect, and building quality.
• Larger three-bedroom sub-penthouses and penthouses sit well above the median, often exceeding $1.2 million.

These figures provide a practical bracket for anyone buying Docklands property or considering selling Docklands real estate in 2026.

What Do the Numbers Say About the Docklands Property Market?

Beyond the headline median, the suburb’s demographic and economic profile adds critical context for investors and owner-occupiers alike.

According to ABS Census 2021 data (via CRM Brain), Docklands has a population of 15,495, a median age of just 32 years, and a median household income of $1,957 per week. That income figure is notably strong and reflects a working professional cohort employed largely in the adjacent CBD financial and technology precincts. The average household size is 1.8 persons, consistent with a market dominated by couples without children and single professionals.

Per CRM Brain 2026 figures, the median weekly rent in Docklands is $411. When set against the $585,000 unit median, this implies a gross rental yield of approximately 3.6% per annum at current asking rents. While that yield trails some outer suburban markets, it should be weighed against the suburb’s tenant quality, low vacancy, and proximity to major employment nodes.

Supply and Vacancy Considerations

Docklands continues to carry one of Melbourne’s higher apartment supply pipelines. New towers have been delivered consistently since the early 2000s, and several additional projects remain in various stages of completion. Elevated supply has been a structural drag on capital growth, which is clearly visible in the 8.6% annual price decline recorded for the most recent quarter. Investors considering Docklands property should factor building age, body corporate levies, and precinct-specific vacancy rates into their due diligence.

For comparison, more established inner-north suburbs tend to offer tighter supply and stronger long-run capital growth. Our guide to the median house price in Brunswick illustrates how a suburb with a more constrained housing stock and diverse dwelling mix can perform differently over the same cycle.

What Are the Key Considerations for Buying or Investing in Docklands?

Any buyer or investor evaluating Docklands median house prices in 2026 should weigh the following factors carefully.

Flood and Environmental Risk

According to GeoRisk 2026 data, Docklands carries a high flood risk rating. As a reclaimed waterfront precinct sitting at low elevation adjacent to the Yarra River and Docklands waterways, this is a material consideration for insurance costs, lender valuations, and long-term asset resilience. Buyers should obtain independent flood risk reports and discuss implications with their conveyancer and insurer before committing.

On air quality, GeoRisk 2026 records a PM2.5 reading of 9.99 micrograms per cubic metre at the nearest Melbourne CBD monitoring station, classified as “Good.” This is a positive indicator for liveability, particularly given the suburb’s adjacency to the CBD.

Heritage Overlay

Per GeoRisk 2026, Docklands sits within a heritage overlay, though there are zero heritage-listed items within 2 kilometres. For apartment buyers this is largely immaterial, but any purchaser considering renovation, conversion, or mixed-use projects should seek planning advice early to understand overlay implications.

Lifestyle and Amenity

GeoRisk 2026 data identifies 67 aged-care facilities within 5 kilometres of Docklands, reflecting the suburb’s strong connectivity to Melbourne’s broader health and care infrastructure. The waterfront location, Marvel Stadium, District Docklands retail precinct, and excellent tram and train access make the suburb genuinely appealing to the young professional demographic that dominates its population.

Comparing Docklands to Neighbouring Markets

Investors who want to benchmark Docklands against other Melbourne markets should note that suburbs further from the CBD with stronger house supply, such as those in Melbourne’s inner north, have seen different price trajectories. Our overview of the median house price in Richmond shows how a suburb with a mixed dwelling stock and high owner-occupier demand can deliver different risk-return outcomes to a predominantly investor-held apartment market like Docklands.

How Does Collings Real Estate Help Buyers, Sellers, and Investors in Docklands?

Collings Real Estate has deep expertise across Melbourne’s inner-city and inner-suburban markets. Whether you are selling Docklands property in a softening market, buying Docklands real estate as a first home or investment, or reassessing the performance of an existing Docklands holding, our team provides frank, data-driven advice grounded in real transaction evidence, not generic market commentary.

Free Property Appraisal

If you own a Docklands apartment and want an accurate, current assessment of its market value, our agents can provide a free property appraisal based on recent comparable sales, current listing competition, and local buyer demand. In a market where prices have moved -8.6% year-on-year, understanding your property’s precise position in the current market is essential before making any decision to sell or hold.

Off-Market and Portal Access

Buyers seeking Docklands property before it hits the open market can register on the Collings off-market portal at collings.com.au/portal. Portal members receive early access to listings across inner Melbourne, including properties that never appear on the major portals. In a high-supply suburb like Docklands, accessing off-market stock can mean less competition and better negotiating conditions.

Investor Advisory

For investors focused on yield and capital growth, our team can model the real numbers for any Docklands property, including gross and net yield calculations, vacancy risk assessment, body corporate analysis, and comparison against alternative inner-Melbourne opportunities. Investing in Docklands requires a clear-eyed view of both the income and growth outlooks, and we provide exactly that.

Frequently Asked Questions About Docklands Median House Prices

What is the median house price in Docklands in 2026?

The median sale price for units in Docklands is $585,000 for the April to June 2025 quarter, according to DataVic/REIV data (via CRM Brain). Docklands is an apartment-dominated suburb, so the unit median is the primary price benchmark rather than a freestanding house median.

Has the Docklands property market gone up or down?

Docklands unit prices declined 0.8% quarter-on-quarter and 8.6% year-on-year as of the April to June 2025 quarter, per DataVic/REIV (via CRM Brain). This reflects ongoing supply pressure and broader softness in Melbourne’s inner-city apartment sector.

What is the rental yield in Docklands?

With a median unit sale price of $585,000 and a median weekly rent of $411 (per CRM Brain 2026), the implied gross rental yield in Docklands is approximately 3.6% per annum. Net yields will be lower once body corporate, management fees, and other holding costs are deducted.

Is Docklands a good investment in 2026?

Docklands offers a strong tenant demographic (median age 32, median household income $1,957 per week per ABS Census 2021) and excellent lifestyle amenity. However, high supply, elevated flood risk (GeoRisk 2026), and a recent 8.6% annual price decline mean investors must conduct thorough due diligence and model conservative growth assumptions.

How do I get a property appraisal for my Docklands apartment?

Collings Real Estate offers free, obligation-free property appraisals for Docklands vendors. Contact our team directly or submit an appraisal request through our website to receive a current market valuation based on recent comparable sales data.

Whether you are buying, selling, or investing in Docklands, the data makes clear that this market rewards careful analysis over assumptions. Collings Real Estate is here to help you navigate it with confidence. Request a free property appraisal today and get an accurate picture of what your Docklands property is worth in the current market.