The Mount Evelyn median house price sits at $850,000 for the April to June 2025 quarter, according to DataVic/REIV data. That represents a quarterly gain of 4.0% and a modest annual softening of 1.7% year-on-year, making Mount Evelyn a market worth watching closely whether you are buying, selling, or investing in Melbourne’s outer-east.

What Is the Mount Evelyn Median House Price Right Now?

Based on DataVic/REIV data for the April to June 2025 quarter, the headline figures for Mount Evelyn property are:

• Median house price: $850,000 (QoQ: +4.0% | YoY: -1.7%)
• Median unit price: $724,000 (QoQ: -5.9% | YoY: -10.6%)

The divergence between houses and units is notable. While the house segment recovered strongly over the quarter — up $32,700 in a single three-month period — the unit market has given back ground both quarterly and annually. For buyers with flexibility on dwelling type, this gap presents a genuine opportunity to enter the suburb at a lower price point, provided the trade-off in capital growth trajectory is understood.

For context, Mount Evelyn’s $850,000 median positions it competitively against inner and middle-ring suburbs where comparable land size would cost considerably more. Suburbs like Northcote, where the median house price reflects strong inner-north demand, illustrate how dramatically location affects value relative to block size and lifestyle amenity.

How Does the Quarterly Movement Translate in Dollar Terms?

A 4.0% quarterly increase on an $850,000 median equates to approximately $32,660 in added value over just three months. Annualised, that pace of quarterly growth would represent a substantial uplift, although markets rarely sustain a single quarter’s momentum indefinitely. The -1.7% annual figure confirms that the June 2025 quarter bounce followed a softer 12-month period, suggesting the suburb is in a recovery phase rather than peak-cycle territory.

What Do the Demographic Numbers Say About Mount Evelyn?

Suburb fundamentals matter as much as price movements when assessing long-term value. ABS Census 2021 data (via Collings’ CRM dataset) paints a clear picture of the Mount Evelyn community:

• Population: 9,799 residents
• Median age: 38.0 years
• Median household income: $2,045 per week
• Median rent: $365 per week

A median household income of $2,045 per week (approximately $106,340 annually) signals a solidly middle-income owner-occupier base. This cohort typically prioritises lifestyle, school catchments, and space over proximity to the CBD, which explains why detached housing dominates the suburb’s transaction mix and why the house segment has outperformed units over the longer term.

The relatively young median age of 38 suggests a suburb populated by families in their prime asset-accumulation years. This demographic tends to hold property for longer periods, which naturally suppresses supply and supports price floors even during broader market corrections.

What Does the Rental Market Look Like in Mount Evelyn?

With a median rent of $365 per week for the suburb overall, investors considering Mount Evelyn should benchmark gross rental yields carefully. On a $724,000 unit purchase at $365 per week rent, the indicative gross yield would be approximately 2.6%. That is below the national average for residential property, which CoreLogic data typically places in the 3.5% to 4.0% range for metropolitan areas. House investors would see a similar or lower gross yield given the higher entry price.

This does not disqualify Mount Evelyn for investors, but it does mean the investment case rests more heavily on long-term capital appreciation than on immediate rental income. Investors who are yield-focused may find middle-ring suburbs more compelling. For a useful comparison, see how median house prices in Reservoir stack up against rental returns, as that suburb’s price-to-rent dynamics differ meaningfully from Mount Evelyn’s.

What Are the Key Considerations for Buying or Selling in Mount Evelyn?

Whether you are buying in Mount Evelyn, selling in Mount Evelyn, or evaluating it as an investment, several factors shape the local market dynamic in 2026.

For Buyers

• Land size is the key value driver. Mount Evelyn blocks are typically generous by metropolitan standards, and buyers should assess price per square metre alongside headline price.
• School zones matter. Proximity to Mount Evelyn Primary School and Yarra Hills Secondary College influences buyer demand and, by extension, prices in specific pockets of the suburb.
• The unit market is at a cyclical low. With units down 10.6% year-on-year, buyers with a long-term horizon may find value at the current $724,000 median.
• Inspect for bushfire overlays. Portions of Mount Evelyn fall within Bushfire Management Overlay zones, which can affect insurability, build costs, and resale liquidity.

For Sellers

• The June 2025 quarter bounce is meaningful. A 4.0% quarterly gain suggests buyer appetite has returned after a softer 12-month period, making mid-2025 and into 2026 a relatively favourable window to take a property to market.
• Presentation and styling matter more in lifestyle markets. Buyers purchasing in Mount Evelyn are often making a considered lifestyle upgrade; properties that present the outdoor living, garden, and space credentials well consistently achieve above-median results.
• Off-market opportunities exist. Collings maintains an active database of qualified buyers. Registering your property on the Collings off-market buyer portal can generate early interest before a public campaign begins.

For Investors

• Vacancy rates are a key watch metric. SQM Research data shows Melbourne’s outer-east corridors have experienced tightening vacancy conditions through 2024 and into 2025, which supports rental demand.
• Unit repricing may represent a value entry point. A -10.6% annual decline in the unit median is significant; investors who can hold through a recovery cycle may find the current pricing more attractive than headline numbers suggest.
• Compare broader Melbourne trends. Understanding how median house prices in Thornbury and other Melbourne suburbs have moved provides useful calibration for where Mount Evelyn sits in the broader metropolitan cycle.

How Does Collings Real Estate Help You Navigate Mount Evelyn Property?

Collings Real Estate has been helping Victorians buy, sell, and manage property for decades. Our team combines deep local market knowledge with access to real-time transaction data, off-market listings, and a network of qualified buyers and sellers across Melbourne and the outer-east.

When you work with Collings on Mount Evelyn property, you benefit from:

• Accurate, data-driven appraisals anchored to actual comparable sales rather than broad suburb averages.
• Access to the Collings buyer portal, where registered buyers can view off-market and pre-market opportunities before they are publicly listed. Sign up at collings.com.au/portal.
• End-to-end sales campaign management, including styling advice, professional photography, digital marketing, and negotiation.
• Property management services for investors seeking reliable tenancy outcomes in the Mount Evelyn rental market.
• Transparent communication at every step, with regular market updates so you are never making decisions on stale data.

To find out what your Mount Evelyn property is worth in the current market, contact the Collings team today for a free property appraisal.

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

Frequently Asked Questions About Mount Evelyn Median House Prices

What is the median house price in Mount Evelyn in 2025?

The median house price in Mount Evelyn is $850,000 for the April to June 2025 quarter, based on DataVic/REIV data. This represents a quarterly increase of 4.0% and an annual change of -1.7%.

What is the median unit price in Mount Evelyn?

The median unit price in Mount Evelyn is $724,000 for the April to June 2025 quarter, down 5.9% for the quarter and 10.6% year-on-year, according to DataVic/REIV data.

Is Mount Evelyn a good suburb to invest in?

Mount Evelyn offers a stable owner-occupier demographic with a median household income of $2,045 per week (ABS Census 2021). The investment case rests primarily on long-term capital growth rather than rental yield, as gross yields on current prices are below metropolitan averages. The current unit price softening may represent a value entry point for patient investors.

What is the population of Mount Evelyn?

According to the ABS Census 2021, Mount Evelyn has a population of 9,799 residents with a median age of 38.0 years.

How do I get a property appraisal in Mount Evelyn?

Contact Collings Real Estate on 03 9486 2000 or email info@collings.com.au to request a free, obligation-free property appraisal. Our team provides data-driven valuations anchored to recent comparable sales in Mount Evelyn and surrounding suburbs.