12 Aberfeldie Street, Aberfeldie, Vic 3040
Private Auction - $4,000,000 - $4,400,000
5 3 4
Open Saturday 6 June 9:30 am Auction Wednesday 24 June 6:00 pmOriginally used for farming and large estates in the mid-19th century, Aberfeldie saw significant residential subdivision during the inter-war period. It evolved from a rural fringe to one of Melbourne's most sought-after North-Western suburbs by the mid-20th century.
Today, it is an affluent residential pocket known for its quiet, hilly streets, heritage character homes, and high-end modern architectural rebuilds.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Aberfeldie represents the 'aspirational' move for families in Melbourne's North-West. Its value is underpinned by school zones and river proximity, making it highly defensive during market downturns.
$1.75m – $3.8m
$750k – $1.2m
12-month movement
Current asking rents
The high house-to-unit ratio preserves the suburb's low-density character and drives land value scarcity.
Price comparison
Median price ÷ median income
Estimated rental yield
Aberfeldie is a destination suburb for high-income earners; it is not an entry-level market.
Lower = tighter market
Avg time on market
Annual rental increase
Professional families and staff from nearby private schools.
Low yield but high capital growth potential. Best suited for long-term 'land banking' in a premium location.
Expect steady growth outperforming the wider North-West region, driven by the 'flight to quality' among family buyers.
vs last 12 months
Relative comparison
Standard residential security is sufficient; the area benefits from high levels of passive surveillance by neighbors.
The primary risk is environmental, specifically related to the Maribyrnong River flood plain, which can impact insurance and resale.
High risk in lower-lying streets near the river (e.g., The Boulevard). Check the Land Subject to Inundation Overlay (LSIO).
Negligible risk.
Premiums may be significantly higher for properties within the SBO or LSIO overlays.
LSIO (Flood), HO (Heritage), SBO (Special Building Overlay)
Minimal; mostly single-dwelling replacements or dual-occupancy luxury builds.
Strict zoning protects the suburb's character but limits the ability to add value through high-density development.
Limited. Bus routes 465, 467, and 903 provide links to rail and shopping hubs.
High. Proximity to the 'Golden Mile' of the Maribyrnong River and Aveling Reserve.
Excellent. Aberfeldie Park offers athletics, football, and cricket facilities.
Elite. Includes Aberfeldie Primary, Our Lady of the Nativity, and Buckley Park College.
Good. Close proximity to Moonee Ponds medical precincts and Essendon private hospitals.
An established, wealthy demographic dominated by mature families and professionals.
The high owner-occupancy rate creates a stable, well-maintained neighborhood with strong community ties.
Development is largely restricted to private residential luxury rebuilds and council parkland upgrades.
Residents are fiercely loyal to the suburb, citing safety and the river lifestyle as the primary reasons for staying long-term.
I've raised three kids here and never felt unsafe. The schools are walking distance and the river trail is our second home.
The lack of a train is a pain, but the quiet streets make up for it. I usually drive to Essendon station.
The hills are getting harder to walk, but I wouldn't leave. The views of the city from the top of the hill are unmatched.
Position the property as a 'generational home' in a suburb where supply is permanently capped by geography and zoning.
Capital growth play rather than cash flow.
Low rental yields and high land tax on expensive holdings.
Access to elite public schools for the cost of rent.
Limited apartment stock; mostly expensive houses.
Strict adherence to gas and electrical safety checks is mandatory every two years.
River lifestyle, elite education, and quiet prestige.
High-income professional families (medical, legal, corporate).
This report is based on historical data and projections as of March 2026. It does not constitute financial or legal advice. Buyers should conduct their own independent due diligence and consult with professionals before making any property purchase.
Now
Before
Private Auction - $4,000,000 - $4,400,000
5 3 4
Open Saturday 6 June 9:30 am Auction Wednesday 24 June 6:00 pm
$650,000 - $710,000
2 1 2
Open Saturday 6 June 12:45 pm Auction Saturday 20 June 10:00 am
$600,000 - $650,000
2 1 1
Auction Saturday 13 June 12:30 pm
$870,000 - $950,000
3 2 2
Open Saturday 6 June 11:30 am Auction Wednesday 10 June 6:00 pm
Sun-Filled Villa in a Prime Lifestyle Location
Excellence & Prestige in Aberfeldie
Renovate or Develop (STCA) in a Prime Pocket
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