Hawthorn sits in Melbourne’s inner east — a suburb that runs leafy, established, university suburb. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Hawthorn 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $562/wk | $2435/mo | $29,224/yr |
| 2-bedroom unit | $742/wk | $3215/mo | $38,584/yr |
| 3-bedroom house | $948/wk | $4108/mo | $49,296/yr |
Rents in Hawthorn have fluctuated slightly compared to 2025. The vacancy rate sits at 1.7%, which is tight — expect competition for good properties.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $1,517,376 | +1.5% |
| Unit/Apartment | $678,558 | +2.5% |
Gross rental yield: 4.5% (units tend to yield higher than houses in Hawthorn).
Who Lives Here
Hawthorn attracts mostly families with some younger renters. The suburb is known for Swinburne University, Glenferrie Road strip.
Average resident profile:
- Age: Predominantly 25-40
- Household: Mix of singles, couples, and families
- Income: Below metro average
Renting Tips for Hawthorn
Apply fast. Good properties in Hawthorn get 20-40 applications. Have your documents ready: 100 points of ID, recent payslips, rental history, references.
Inspect in person. Photos lie. Check water pressure, phone reception, natural light at the time of day you’d actually be home. Open the cupboards. Flush the toilet.
Look beyond Glenferrie Road. The main strip is where rent premiums hit hardest. One or two blocks back, you get the same proximity for less money.
Know your rights. Victorian tenancy law caps rent increases to once per 12 months. Your landlord must give 60 days notice. Urgent repairs must be addressed within 48 hours (blocked toilet, no hot water, gas leak).
Budget beyond rent. Factor in: utilities ($150-250/month), internet ($70-90/month), contents insurance ($15-25/month), and transport (Hawthorn/Glenferrie stations, tram 16).
Investment Outlook
Hawthorn is a mature market — don’t expect explosive growth, but it’s stable and liquid. The 4.5% gross yield is above the metro average.
Key factors:
- Transport: Hawthorn/Glenferrie stations, tram 16
- Schools: Good public school zone
- Infrastructure: Level crossing removal and station upgrades underway
Suburb Character & Lifestyle
Hawthorn runs leafy, established, university suburb. The main commercial strip along Glenferrie Road is where most of the daily life happens — cafes, restaurants, and essential services within walking distance for those who live close. The neighbourhood is known for Swinburne University, Glenferrie Road strip, which drives both rental demand and property values.
The housing stock is a mix of Victorian-era terraces, Edwardian cottages, and modern apartment developments. For renters, the most common options are modern townhouses and villa units. For buyers, the entry point is typically a 2-bedroom terrace needing renovation at the lower end of the market.
Transport reality: Hawthorn/Glenferrie stations, tram 16. The commute to the CBD is realistic for daily workers, and most residents report using a combination of public transport, cycling, and driving depending on the trip.
Cost of Living Snapshot
| Expense | Typical Cost |
|---|---|
| Coffee | $5.00-5.50 |
| Brunch | $22-32 |
| Dinner out | $35-55 pp |
| Pint of beer | $13-15 |
| Cocktail | $22-28 |
| Groceries | $101/wk (couple) |
| Utilities | $226/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Hawthorn has seen consistent demand from owner-occupiers and investors alike, driven by lifestyle amenity and transport links. The suburb is leafy, established, university suburb, which attracts professionals who value walkability and lifestyle.
5-year outlook: Potential uplift from transport infrastructure projects. The fundamentals — location, transport, lifestyle amenity — are well-established.
What to watch: New apartment developments may increase supply.
Nearby
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Community Guide in Hawthorn
- Coworking Guide in Hawthorn
- Council Services in Hawthorn
- Library Guide in Hawthorn
- Playground Guide in Hawthorn
Nearby suburbs:
Useful tools:

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