The Kilmore median house price is $590,000 for the April–June 2025 quarter, according to DataVic/REIV data sourced via the Collings CRM dataset. That figure reflects a 3.7% quarter-on-quarter decline and a 4.1% year-on-year fall, placing Kilmore in a period of mild price softening that buyers and investors should understand before making a move in this regional Victorian market.

What Is the Kilmore Median House Price Right Now?

Based on DataVic/REIV data (via Collings CRM, April–June 2025 quarter), the headline figures for Kilmore property are:

• Median house price: $590,000 (QoQ -3.7%, YoY -4.1%)
• Median unit price: $439,000 (QoQ +3.4%, YoY +9.0%)
• Median land price: $299,000 (QoQ -8.0%, YoY +4.5%)

The contrast between asset classes is significant. While house prices have softened over the past twelve months, units have risen 9.0% year-on-year and land has grown 4.5% year-on-year, even with a sharp quarterly pullback in land values of 8.0%. This divergence signals that Kilmore is not experiencing a uniform correction — demand for affordable attached dwellings and development land remains active, while the broader house market pauses for breath.

For context on how a regional centre like Kilmore compares to Melbourne’s established suburbs, it is worth reviewing the median house price in Reservoir, where CoreLogic data shows a very different price profile driven by inner-ring demand. Understanding those contrasts helps buyers and investors set realistic expectations.

What Do the Numbers Say About Kilmore’s Property Market?

Demographic Profile

ABS Census 2021 records a population of 9,207 residents in Kilmore, with a median age of 40.0 years. The median household income sits at $1,549 per week, and the median rent is $340 per week. These figures paint a picture of a predominantly owner-occupier community with moderate income levels — a profile that typically supports stable, owner-driven demand rather than speculative investment cycles.

Price Trends in Detail

The April–June 2025 quarter median house price of $590,000 represents a meaningful step back from the peaks reached in the post-pandemic regional property boom. According to DataVic/REIV data, the 4.1% annual decline aligns with the broader trend of regional Victorian markets normalising after the extraordinary demand surge of 2020 to 2022, when remote-working buyers pushed prices well above long-run fundamentals.

The unit segment tells a different story. At $439,000 with 9.0% annual growth, units are attracting buyers who are priced out of the house market but still want Kilmore’s lifestyle and relative affordability compared to metropolitan Melbourne. This dynamic is typical of regional centres reaching a maturity point where attached dwellings become a legitimate first step onto the property ladder.

Land at $299,000 is particularly notable for those considering a build. Despite the sharp 8.0% quarterly dip, the 4.5% annual gain suggests underlying confidence in Kilmore’s long-term residential development pipeline.

Rental Yield Consideration

With a median rent of $340 per week (ABS Census 2021) and a median house price of $590,000, the indicative gross rental yield sits at approximately 3.0%. This is broadly in line with regional Victorian benchmarks. Investors should note that SQM Research data consistently shows regional Victorian vacancy rates fluctuating between 1.5% and 3.0%, meaning Kilmore’s rental market can be relatively tight, particularly for well-presented family homes close to schools and transport.

What Are the Key Considerations for Buying, Selling or Investing in Kilmore?

Buying in Kilmore

For buyers, the current softening in house prices creates a genuine window of opportunity. A $590,000 median positions Kilmore well below Melbourne’s metropolitan median, which CoreLogic data indicates exceeded $900,000 in early 2025. Buyers benefit from larger land sizes, established community infrastructure, and proximity to the Hume Freeway corridor. Key considerations include:

• Travel time to Melbourne CBD (approximately 65 kilometres north via the Hume Freeway)
• Access to V/Line train services on the Seymour line
• Local schools, including Kilmore International School and St Patrick’s College
• Future residential development activity that may affect supply and land values

Selling in Kilmore

Vendors in the current market should approach pricing with realism. The 3.7% quarterly decline means that comparable sales data from six to twelve months ago may overstate your property’s current market value. Accurate appraisal and strong marketing are critical to achieving a competitive result. Properties that present well and are priced correctly continue to sell within reasonable timeframes even in a softer market.

Investing in Kilmore

Investors weighing Kilmore against metropolitan suburbs should compare the yield and growth profiles carefully. For a detailed comparison of what Melbourne’s inner suburbs are achieving, the median house price in Northcote and the median house price in Thornbury offer useful benchmarks — both inner-north suburbs carry significantly higher entry prices but also deeper liquidity and stronger historical capital growth rates according to CoreLogic’s long-run suburb reports.

Kilmore’s investment case rests on relative affordability, a growing population base (Mitchell Shire Council projects continued residential growth in its Planning Scheme), and the appeal of lifestyle-driven migration from Melbourne. The unit segment’s 9.0% annual gain is a positive signal that demand fundamentals remain intact at the more affordable end of the market.

Off-Market Opportunities

A growing share of Kilmore properties — particularly well-presented homes and vacant land parcels — transact off-market through buyer networks before they ever reach public listing portals. Registering on the Collings off-market property portal gives buyers and investors early access to these opportunities before they are broadly advertised.

How Does Collings Real Estate Help with Kilmore Property?

Collings Real Estate has been helping clients navigate Victorian property markets for decades. Whether you are buying, selling, or investing in Kilmore, the team brings authoritative local data, a broad buyer network, and professional appraisal expertise to every engagement.

Free Property Appraisal

If you own a property in Kilmore and want to understand its current market value in light of the April–June 2025 quarter data, Collings offers a free, no-obligation property appraisal. An accurate appraisal grounded in recent comparable sales is the most important first step for any vendor considering the market.

Buyer Advocacy and Off-Market Access

Buyers looking to secure a property in Kilmore at the right price benefit from Collings’ network of off-market listings and professional negotiation support. Registering on the Collings portal at collings.com.au/portal is free and gives you priority access to properties before they are publicly listed.

Contact Collings Real Estate

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Address: 230 Waterdale Road, Ivanhoe, VIC 3079

Frequently Asked Questions About Kilmore House Prices

What is the median house price in Kilmore in 2025?

The median house price in Kilmore is $590,000 for the April–June 2025 quarter, according to DataVic/REIV data sourced via Collings’ CRM dataset. This represents a 3.7% quarter-on-quarter decline and a 4.1% year-on-year decrease.

Are unit prices rising in Kilmore?

Yes. The median unit price in Kilmore is $439,000 for the April–June 2025 quarter, reflecting a 9.0% year-on-year increase and a 3.4% quarterly gain, according to DataVic/REIV data. Units are outperforming the broader house market on a growth basis.

What is the median land price in Kilmore?

The median land price in Kilmore is $299,000 for the April–June 2025 quarter (DataVic/REIV, via Collings CRM). Land values are up 4.5% year-on-year, although they fell 8.0% in the most recent quarter.

What is the median household income in Kilmore?

ABS Census 2021 records the median household income in Kilmore at $1,549 per week, with a median age of 40.0 years and a population of 9,207.

Is Kilmore a good place to invest in property?

Kilmore offers relative affordability compared to metropolitan Melbourne, with a $590,000 median house price and a unit segment growing at 9.0% annually. Investors should weigh the approximately 3.0% indicative gross rental yield, regional vacancy dynamics, and Mitchell Shire’s ongoing residential growth projections before committing.

Kilmore’s property market in 2026 is at an interesting inflection point. House prices have softened, but units and land are showing resilience and growth. For buyers, this is a measured opportunity. For sellers, precise pricing is essential. And for investors, the relative affordability and improving unit yields make Kilmore worth serious consideration. To take the next step, contact Collings Real Estate on 03 9486 2000 or info@collings.com.au and request your free property appraisal today.