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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
Population
Population growth drivers in Nunawading are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
Based on AreaSearch's analysis, Nunawading's population is around 13,391 as of Nov 2025. This reflects an increase of 978 people (7.9%) since the 2021 Census, which reported a population of 12,413 people. The change is inferred from the estimated resident population of 13,241 from the ABS as of June 2024 and an additional 212 validated new addresses since the Census date. This level of population equates to a density ratio of 2,636 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Nunawading's 7.9% growth since the 2021 census exceeded the SA4 region (4.0%), along with the SA3 area, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration that contributed approximately 91.4% of overall population gains during recent periods.
AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are also applied across all areas for years 2032 to 2041. Looking at population projections moving forward, an above median population growth of national areas is projected, with the area expected to grow by 2,448 persons to 2041 based on the latest population numbers, reflecting an increase of 17.1% in total over the 17 years.
Frequently Asked Questions - Population
Development
Recent residential development output has been above average within Nunawading when compared nationally
Nunawading averaged around 57 new dwelling approvals per year. Between FY-21 and FY-25288 homes were approved, with a further 14 approved in FY-26 so far. Over the past five financial years, an average of 1.4 new residents moved into Nunawading per dwelling constructed. However, this figure has recently accelerated to 4.3 people per dwelling over the past two financial years, indicating increasing demand and tightening supply.
The average value of new homes being built is $432,000, slightly above the regional average. This year alone, $46.3 million in commercial approvals have been registered, suggesting robust local business investment. Compared to Greater Melbourne, Nunawading has seen 28.0% more development per person over the past five years, maintaining good buyer choice while supporting existing property values. In terms of dwelling types, 45.0% are detached and 55.0% attached, offering affordable entry pathways for downsizers, investors, and first-time purchasers. This is a significant shift from the current housing mix, which is 69.0% houses.
With around 215 people moving into Nunawading per dwelling approval, the population is expected to grow by 2,287 residents through to 2041. Building activity is keeping pace with growth projections, although buyers may face increased competition as the population expands.
Frequently Asked Questions - Development
Infrastructure
Nunawading has very high levels of nearby infrastructure activity, ranking in the top 20% nationally
Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 18 projects that could impact the area. Notable ones include Tunstall Village, Brand Smart Nunawading Retail Redevelopment, Strathdon House Davy Lane Jolimont Reserve Precinct Master Plan, and Nunawading Activity Centre Cluster. The following list details those most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Brand Smart Nunawading Retail Redevelopment
Conversion of the former Brand Smart outlet into a large-format retail and lifestyle hub on the Nunawading Golden Mile. Anchored by a Tesla showroom and service centre with trading hours published, and a new 2,500 sqm Revo Fitness opened in June 2025. Asset owner/developer IP Generation is repositioning the site with a refreshed tenant mix.
Blackburn Activity Centre
Blackburn Activity Centre is designated under Victoria's Activity Centres Program as a neighbourhood activity centre focused on transit-oriented development around Blackburn railway station. The centre is guided by the Whitehorse City Council's Blackburn Activity Centre Structure Plan (adopted 2018, currently under review). It supports mixed-use development, increased housing density near public transport, improved public realm, and local employment opportunities.
Strathdon House Davy Lane Jolimont Reserve Precinct Master Plan
A comprehensive master plan for Strathdon House, Davy Lane Reserve, and Jolimont Reserve that will guide development over the next 10-15 years. The plan focuses on historic preservation of the 1893 Strathdon House and heritage orchard, enhancement of recreational open spaces including sports fields for cricket and AFL, walking paths, community gardens, native vegetation conservation, and facilities for both passive and active recreation. The site serves as the western gateway to the former Healesville Freeway Reserve and aims to balance environmental values with increased community recreational opportunities. The draft master plan is being developed in 2025 with community consultation planned for early 2025.
The Round Performing Arts Centre Redevelopment
Redevelopment of the former Whitehorse Centre into The Round, a new performing arts and community venue featuring a 626 seat theatre, 203 seat studio theatre, outdoor sound shell, rehearsal studios, function spaces and upgraded public realm.
Nunawading Level Crossing Removal
The project involved the removal of the hazardous level crossing at Springvale Road by lowering the train tracks eight meters, allowing the Belgrave-Lilydale line to run uninterrupted beneath a new road bridge. It included a new station with a 135-meter island platform, steel-framed canopies, and a light-filled 60-meter underpass, improving safety, traffic flow, and public transport access. This was the first rail crossing removed as part of the Victorian Transport Plan.
Mahoney's Reserve Master Plan
A comprehensive 10-15 year master plan for the 9.8 hectare Mahoney's Reserve in Forest Hill, encompassing consolidated pavilion redevelopment, upgraded playgrounds, improved paths and carparking, enhanced dog facilities, and upgraded sports amenities for soccer, cricket, badminton, and table tennis. The plan aims to balance community needs with environmental sustainability while serving multiple sporting clubs and recreational users. First round of community consultation completed January 2024 with stakeholder engagement ongoing through 2024.
Forest Ridge
A large-scale masterplanned community on a 9-hectare former television studio site, featuring approximately 700 dwellings including townhouses and the MAX apartment development. The project includes extensive parklands, nature trails, and views over the Dandenong Ranges, with stages progressively developed since 2018. The MAX apartment building offers 115 oversized 1-3 bedroom residences with premium finishes, rooftop amenities, and sustainable design features.
Forest Hills Retirement Village Redevelopment
Keyton has completed a multi-year redevelopment program at Forest Hills Retirement Village, delivering refurbished ground-floor apartments and upgraded community amenities within established gardens in Nunawading.
Employment
AreaSearch analysis places Nunawading well above average for employment performance across multiple indicators
Nunawading has a highly educated workforce with strong representation in professional services. The unemployment rate in Nunawading was 2.3% as of June 2025, which is lower than Greater Melbourne's rate of 4.6%.
Employment growth over the past year was estimated at 0.9%. In June 2025, 7,208 residents were employed, with a workforce participation rate similar to Greater Melbourne's 64.1%. Leading employment industries among Nunawading residents are health care & social assistance, professional & technical services, and education & training. The area shows particular strength in finance & insurance, with an employment share of 1.4 times the regional level.
However, construction has limited presence at 7.3% compared to the regional average of 9.7%. Many residents commute elsewhere for work based on Census data. Between June 2024 and June 2025, employment increased by 0.9%, labour force grew by 0.7%, and unemployment fell by 0.1 percentage points in Nunawading. In contrast, Greater Melbourne saw employment rise by 3.5% and unemployment increase by 0.5 percentage points over the same period. Jobs and Skills Australia's national employment forecasts from May 2025 project a 6.6% expansion over five years and 13.7% over ten years nationally. Applying these projections to Nunawading's employment mix suggests local growth of approximately 6.9% over five years and 14.1% over ten years, based on simple weighting extrapolation for illustrative purposes only.
Frequently Asked Questions - Employment
Income
Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch
AreaSearch's latest postcode level ATO data for financial year 2022 indicates Nunawading's median income among taxpayers is $56,339, with an average of $72,597. This is above national averages and compares to Greater Melbourne's median of $54,892 and average of $73,761. Based on Wage Price Index growth of 12.16% since financial year 2022, estimates for September 2025 would be approximately $63,190 (median) and $81,425 (average). Census data shows household, family and personal incomes in Nunawading are at the 59th percentile nationally. The earnings profile reveals that 30.6% of residents earn between $1,500 - 2,999 (4,097 people), similar to regional levels where 32.8% occupy this range. High housing costs consume 15.5% of income, but strong earnings place disposable income at the 62nd percentile nationally. Nunawading's SEIFA income ranking places it in the 7th decile.
Frequently Asked Questions - Income
Housing
Nunawading displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region
Dwelling structure in Nunawading, as per the latest Census, consisted of 68.9% houses and 31.1% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Melbourne metro's 73.0% houses and 26.9% other dwellings. Home ownership in Nunawading was at 33.4%, with mortgaged dwellings at 36.5% and rented ones at 30.1%. The median monthly mortgage repayment in the area was $2,167, below Melbourne metro's average of $2,200. Median weekly rent in Nunawading was $391, compared to Melbourne metro's $410. Nationally, Nunawading's mortgage repayments were higher at $2,167 than the Australian average of $1,863, while rents were also higher at $391 than the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Nunawading features high concentrations of group households, with a fairly typical median household size
Family households account for 69.6% of all households, consisting of 35.0% couples with children, 23.8% couples without children, and 9.3% single parent families. Non-family households comprise the remaining 30.4%, with lone person households at 26.3% and group households making up 4.1% of the total. The median household size is 2.6 people, which aligns with the Greater Melbourne average.
Frequently Asked Questions - Households
Local Schools & Education
Educational achievement in Nunawading places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community
Educational attainment in Nunawading is notable, with 45.2% of residents aged 15+ holding university qualifications, compared to 30.4% nationally and 31.2% regionally. Bachelor degrees are the most common at 28.3%, followed by postgraduate qualifications (12.7%) and graduate diplomas (4.2%). Vocational pathways account for 24.3%. Educational participation is high, with 30.7% of residents currently enrolled in formal education: 9.5% in primary, 7.0% in secondary, and 6.9% in tertiary.
Nunawading's three schools have a combined enrollment of 994 students. The area has above-average socio-educational conditions (ICSEA: 1099). Education provision is balanced with two primary and one secondary school serving distinct age groups. School places per 100 residents are lower than the regional average at 7.5, suggesting some students may attend schools in nearby areas.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Transport analysis indicates 73 active stops operating within Nunawading. These include a mix of train and bus services. A total of 25 routes service these stops, providing 7,954 weekly passenger trips collectively.
Transport accessibility is rated excellent, with residents typically located 184 meters from the nearest stop. Service frequency averages 1,136 trips per day across all routes, equating to approximately 108 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
The level of general health in Nunawading is notably higher than the national average with prevalence of common health conditions low among the general population though higher than the nation's average across older, at risk cohorts
Nunawading shows above-average health outcomes with low prevalence of common health conditions among its general population.
However, this prevalence is higher than the national average among older and at-risk cohorts. Private health cover is very high in Nunawading, with approximately 56% of the total population (~7,498 people). The most common medical conditions are asthma and mental health issues, affecting 7.4% and 7.3% of residents respectively. 72.8% of residents declare themselves completely clear of medical ailments, compared to 72.3% across Greater Melbourne. Nunawading has 18.9% of residents aged 65 and over (2,537 people), which is lower than the 20.4% in Greater Melbourne.
Frequently Asked Questions - Health
Cultural Diversity
Nunawading is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Nunawading has a high level of cultural diversity, with 39.7% of its population born overseas and 38.8% speaking a language other than English at home. Christianity is the predominant religion in Nunawading, comprising 41.1% of the population. Buddhism is overrepresented in Nunawading compared to Greater Melbourne, making up 5.8% versus 5.3%.
The top three ancestry groups are English (19.9%), Australian (18.2%), and Chinese (16.5%). Other ethnic groups with notable divergences include Vietnamese at 1.6% in Nunawading compared to 1.3% regionally, Sri Lankan at 0.6% versus 0.9%, and Indian at 4.3% versus 3.9%.
Frequently Asked Questions - Diversity
Age
Nunawading's population is slightly older than the national pattern
The median age in Nunawading is 39 years, higher than Greater Melbourne's average of 37 years and close to Australia's national average of 38 years. Compared to Greater Melbourne, the 75-84 age group is over-represented in Nunawading at 7.1%, while the 25-34 age group is under-represented at 13.4%. According to the 2021 Census data, the percentage of people aged 75-84 has increased from 6.2% to 7.1%, and the percentage of those aged 25-34 has decreased from 14.6% to 13.4%. By 2041, population forecasts indicate significant demographic changes in Nunawading. The 75-84 age group is expected to grow by 54%, reaching 1,456 people from 945. Residents aged 65 and older are anticipated to represent 51% of the population growth. Conversely, the 35-44 and 0-4 age groups are projected to experience population declines.