5/21 Camden Road, Hughesdale, Vic 3166
$500,000 - $550,000
2 1 1
Open Saturday 18 July 2:15 pm Auction Saturday 8 August 10:00 amOriginally part of the larger Oakleigh district, Hughesdale was formally recognized in 1924 following local advocacy for its own identity. It developed primarily during the inter-war period, resulting in a high concentration of well-preserved Californian Bungalows and Edwardian homes.
Today, it is Melbourne's smallest suburb by land area, characterized by leafy streets, a tight-knit community feel, and a high-end residential profile popular with affluent families.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Hughesdale offers a 'best of both worlds' scenario: the quietude of a residential pocket with the infrastructure of a major metropolitan hub. Its small size creates a natural supply ceiling, making it a defensive asset class for long-term investors and homeowners.
$1.45m – $2.5m
$620k – $950k
12-month movement
Current asking rents
The price gap between unrenovated and renovated homes is significant, offering 'forced equity' opportunities for buyers willing to navigate heritage constraints.
Price comparison
Median price ÷ median income
Estimated rental yield
Hughesdale is a premium market. While more affordable than Malvern East, it commands a significant premium over suburbs further south and east.
Lower = tighter market
Avg time on market
Annual rental increase
Young professional couples and families seeking proximity to the rail line and Monash University (Caulfield/Clayton).
Strong capital growth prospects and extremely low vacancy rates offset the relatively lower rental yields common in high-value suburbs.
Expect steady capital appreciation tracking slightly above the Melbourne average, driven by the suburb's unique status as a low-supply, high-amenity pocket.
vs last 12 months
Relative comparison
Standard home security is sufficient; the primary local concern is opportunistic theft from unlocked vehicles near the shopping strips.
Low environmental risk, but high regulatory risk regarding property modifications and heritage preservation.
Very low risk; most of the suburb is elevated and well-drained.
Negligible risk in this urban environment.
Standard premiums apply; no known 'red-flag' insurance zones.
Heritage Overlay (HO), Neighbourhood Character Overlay (NCO), Significant Landscape Overlay (SLO).
Limited to Poath Road and the immediate vicinity of the Hughesdale Station.
The NRZ1 zoning and Heritage Overlays are designed to preserve the single-storey inter-war character, making large-scale subdivision difficult.
Top-tier; Zone 1 station with frequent services and multiple bus routes connecting to Monash University.
World-class; immediate access to Chadstone and a high-quality local cafe culture on Poath Road.
Excellent; the new Djerring Trail and Galbally Reserve provide high-quality recreation paths.
Very Good; Hughesdale Primary is highly regarded; Sacred Heart Girls' College is a major local drawcard.
Good; proximity to Monash Medical Centre (Clayton) and Cabrini (Malvern).
A stable, high-income population dominated by established families and professional couples.
High levels of home ownership and professional employment contribute to the suburb's stability and consistent property maintenance standards.
Recent completion of the Level Crossing Removal Project has been the primary catalyst for change.
Residents value the suburb for its safety, 'hidden gem' status, and the convenience of having Chadstone nearby without the traffic of living directly in Malvern East.
We know all our neighbors. It's the kind of place where kids still play in the front yard and you walk to the station every morning.
Being able to walk to Chadstone for a movie or dinner is amazing, but the weekend traffic on Poath Road can be a nightmare.
The new station is a breeze to use. I can be in the city in 20 minutes without ever touching my car.
I never have a vacancy for more than a week. Tenants love the proximity to the university and the train.
The Skyrail parkland is great, but I'm worried about the number of apartments going up near the station changing the vibe.
Poath Road has some of the best coffee in the southeast. It's quiet but not boring.
Position the property as a 'forever home' in Melbourne's most exclusive small suburb. Emphasize the lifestyle walkability and the rarity of the offering.
Hughesdale is a 'buy and hold' capital growth play rather than a yield play.
Low yields (sub-3%) and high entry costs.
Unbeatable access to trains and shopping; very safe for solo dwellers.
Older units can have poor insulation; heating costs can be high in winter.
Strict adherence to the Residential Tenancies Act is required; Monash Council is active in monitoring rental safety.
The 'Village in the City' angle works best. Focus on the 'walk to everything' lifestyle.
Professional families (35-50) and affluent downsizers.
This report is based on data available as of 2026-03-13. It is intended for informational purposes only and does not constitute financial or investment advice. Buyers should conduct their own independent research and consult with legal and financial professionals before making any property purchase.
Now
Before
$500,000 - $550,000
2 1 1
Open Saturday 18 July 2:15 pm Auction Saturday 8 August 10:00 am
$360,000 to $396,000
1 1 1
Open Saturday 18 July 10:00 am Auction Saturday 25 July 3:00 pm
$680,000 - $748,000
2 1 1
Auction Saturday 1 August 12:00 pm
$680,000 - $748,000
2 1 1
Auction Saturday 1 August 12:00 pm
$1,500,000 - $1,650,000
4 2 3
Auction Saturday 18 July 2:00 pm
CHARMING CALIFORNIAN BUNGALOW WITH SPACIOUS FAMILY LIVING
FULLY RENOVATED, STYLISH, LOW-MAINTENANCE LIVING - 6 MONTH LEASE
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