Highett sits in Melbourne’s bayside — a suburb that runs creative, walkable, authentic. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Highett 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $491/wk | $2127/mo | $25,532/yr |
| 2-bedroom unit | $642/wk | $2782/mo | $33,384/yr |
| 3-bedroom house | $758/wk | $3284/mo | $39,416/yr |
Rents in Highett have held relatively steady compared to 2025. The vacancy rate sits at 1.6%, which is tight — expect competition for good properties.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $1,261,409 | +2.7% |
| Unit/Apartment | $613,143 | +2.5% |
Gross rental yield: 4.3% (units tend to yield higher than houses in Highett).
Who Lives Here
Highett attracts a diverse mix of demographics. The suburb is known for Highett local shops, community feel, suburban lifestyle.
Average resident profile:
- Age: Predominantly 35-55
- Household: Young professionals and sharehouse groups
- Income: Above metro average
Renting Tips for Highett
Apply fast. Good properties in Highett 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 Lygon Grove. The main strip commands 10-15% higher rents. 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 (Public transport options in Highett).
Investment Outlook
Highett is a mature market — don’t expect explosive growth, but it’s stable and liquid. The 4.3% gross yield is above the metro average.
Key factors:
- Transport: Public transport options in Highett
- Schools: Several well-regarded public and private options
- Infrastructure: Established — no major changes expected
Suburb Character & Lifestyle
Highett runs creative, walkable, authentic. The main commercial strip along Lygon Grove 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 Highett local shops, community feel, suburban lifestyle, which drives both rental demand and property values.
The housing stock is predominantly post-war homes with newer medium-density developments filling former industrial sites. For renters, the most common options are modern townhouses and villa units. For buyers, the entry point is typically a 1-bedroom apartment for investors at the lower end of the market.
Transport reality: Public transport options in Highett. 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 | $4.50-5.50 |
| Brunch | $19-28 |
| Dinner out | $28-45 pp |
| Pint of beer | $12-14 |
| Cocktail | $19-25 |
| Groceries | $152/wk (couple) |
| Utilities | $193/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Highett has seen consistent demand from owner-occupiers and investors alike, driven by lifestyle amenity and transport links. The suburb is creative, walkable, authentic, which attracts families seeking quality schools and green space.
5-year outlook: Above-average growth potential due to demand-supply imbalance. The fundamentals — location, transport, lifestyle amenity — are well-established.
What to watch: School zone redistricting in 2027 may affect demand.
Nearby
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Community Guide in Highett
- Coworking Guide in Highett
- Council Services in Highett
- Library Guide in Highett
- Playground Guide in Highett
Useful tools:

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