Moving to Nunawading — Practical Guide 2026

Nunawading sits in Melbourne’s east — a suburb that runs residential, friendly, growing. Here’s what the numbers and the locals actually say about the property and rental situation.

Rental Prices — Nunawading 2026

Property Type	Weekly Rent	Monthly	Annual
1-bedroom unit	$399/wk	$1729/mo	$20,748/yr
2-bedroom unit	$485/wk	$2101/mo	$25,220/yr
3-bedroom house	$643/wk	$2786/mo	$33,436/yr

Rents in Nunawading have increased modestly compared to 2025. The vacancy rate sits at 2.6%, which is moderate — you have some negotiating room.

Property Prices

Property Type	Median Price	12-Month Change
House	$1,033,705	+4.2%
Unit/Apartment	$482,031	+0.9%

Gross rental yield: 5.2% (units tend to yield higher than houses in Nunawading).

Who Lives Here

Nunawading attracts predominantly young professionals and couples. The suburb is known for Nunawading local shops, community feel, suburban lifestyle.

Average resident profile:

Age: Predominantly 30-45
Household: Mix of singles, couples, and families
Income: Above metro average

Renting Tips for Nunawading

Apply fast. Good properties in Nunawading 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 Market Terrace. 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 24 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 Nunawading).

Investment Outlook

Nunawading is an emerging area with infrastructure investment driving gradual growth. The 5.2% gross yield is above the metro average.

Key factors:

Transport: Public transport options in Nunawading
Schools: Limited local options — neighbouring suburbs have better schools
Infrastructure: Cycling infrastructure improvements coming 2026-2027

Suburb Character & Lifestyle

Nunawading runs residential, friendly, growing. The main commercial strip along Market Terrace 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 Nunawading 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 2-bedroom terrace needing renovation at the lower end of the market.

Transport reality: Public transport options in Nunawading. 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	$4.50-5.00
Brunch	$17-25
Dinner out	$22-38 pp
Pint of beer	$11-13
Cocktail	$17-23
Groceries	$101/wk (couple)
Utilities	$211/mo (1br)
Internet	$70-90/mo (NBN)

The Bigger Picture

Nunawading is on an upward trajectory with improving infrastructure and growing demand from first-home buyers. The suburb is residential, friendly, growing, which attracts investors looking for reliable yield in an improving area.

5-year outlook: Depends heavily on interest rate trajectory. The fundamentals — location, transport, lifestyle amenity — are solid.

What to watch: New cycling infrastructure — check council planning portal for details.

Nearby

Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.

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