Strathmore Property Market Overview (2026)
Strathmore sits in the affordable outer-suburban market. This is value territory. Prices are lower than inner Melbourne because the suburb is still developing its amenity base, but growth corridors tend to appreciate as infrastructure catches up.
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $550K–$850K | $2,200–$3,400 |
| Unit/Apartment | $350K–$500K | $2,000–$3,000 |
Estimates based on Strathmore’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Strathmore
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Strathmore stacks up:
| Amenity Factor | Strathmore | Impact on Value |
|---|---|---|
| Schools | 8 | Strong — school zones drive family demand |
| Parks | 28 | High — green space is a premium driver |
| Dining & Cafes | 7 | Developing |
| Medical | 2 | Gap |
| Supermarkets | 0 | None — drives value down |
| Gyms & Fitness | 5 | Active lifestyle suburb |
Total amenity score: 62. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Strathmore has 8 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Strathmore Secondary College | 400 Pascoe Vale Road |
| St. Columban’s Missionary Training Society | 69 Woodland Street |
| St Vincent de Paul Primary School | 92-114 Woodland Street |
| Strathmore Primary School | 14-34 Lloyd Street |
| Strathmore North Primary School | 70 Mascoma Street |
| Essendon North Primary School | 112 Keilor Road |
| St Francis de Sales Primary School | 626 Pascoe Vale Road |
| Oak Park Primary School | 23-33 Willett Avenue |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $260–$360 |
| 2 Bedroom | $350–$450 |
| 3 Bedroom | $450–$600 |
Rental yield estimate: 4.5–5.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Strathmore
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Strathmore are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Strathmore Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Strathmore
- Best Cafes in Strathmore
- Best Bars in Strathmore
- Cost of Living in Strathmore
- Strathmore Neighbourhood Guide
- Family Guide to Strathmore
- Is Strathmore Safe?
- Strathmore Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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