1/10 Kidgell Street, Lilydale, Vic 3140
$600,000 - $650,000
2 1 1
Open Saturday 14 November 10:00 amOriginally a pastoral and wine-growing region, Lilydale became a major limestone quarrying hub with the Cave Hill Quarry. It served as the primary rail terminus and commercial center for the Yarra Valley for over a century.
A bustling regional hub that retains a country-town feel despite its integration into the metropolitan rail network. It is currently transitioning from an industrial fringe to a residential growth corridor.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Lilydale is the final 'metropolitan' stop before the rural Yarra Valley, making it a strategic choice for those wanting land and rail access. The redevelopment of the quarry into a new suburb-within-a-suburb (Kinley) is a once-in-a-generation value driver.
$820k – $1.55m
$540k – $780k
12-month movement
Current asking rents
Prices have stabilized after the 2021-22 boom but are now rising again as the Kinley project moves into its mid-stages of delivery.
Price comparison
Median price ÷ median income
Estimated rental yield
While more affordable than inner-east neighbors like Ringwood, Lilydale is no longer a 'budget' suburb due to its high lifestyle appeal.
Lower = tighter market
Avg time on market
Annual rental increase
Young families and tradespeople seeking proximity to the Yarra Valley and rail.
Strong capital growth prospects due to Kinley, though rental yields are modest. Focus on 3-bedroom houses with secure yards for maximum tenant retention.
Expect Lilydale to outperform the broader Melbourne market as the Kinley infrastructure (shops, schools, parks) comes online, creating a 'halo effect' for established homes.
vs last 12 months
Relative comparison
Check local police data for the station precinct and industrial areas; residential pockets away from the main road are typically very quiet.
Environmental risks are the primary concern, specifically related to the suburb's topography and proximity to bushland and waterways.
Land Subject to Inundation (LSIO) applies to properties near Olinda Creek and the Hull Road wetlands.
Significant portions of the suburb are in a Bushfire Prone Area, with BMOs applying to the eastern and southern fringes.
Expect higher premiums for properties within the BMO or LSIO zones; obtain quotes during the cooling-off period.
Bushfire Management Overlay (BMO), Land Subject to Inundation Overlay (LSIO), Significant Landscape Overlay (SLO).
The Kinley Estate (former Cave Hill Quarry) and infill townhouses near the station.
Overlays in Lilydale are restrictive; you must check the planning portal before considering any extensions or subdivisions.
Excellent rail and bus connectivity; Maroondah Hwy is a major arterial.
High; Lilydale Marketplace and Main St provide comprehensive retail.
Exceptional; Lillydale Lake is a regional destination for recreation.
Strong; Mount Lilydale Mercy College is highly regarded.
Good; Local clinics available with Maroondah Hospital nearby in Ringwood.
A family-centric demographic with a high rate of home ownership and a growing segment of professional couples.
The high owner-occupancy rate contributes to a stable community feel and well-maintained streetscapes.
The Kinley Estate is the largest urban renewal project in the outer east, transforming 163 hectares into a new residential precinct.
Residents value the 'best of both worlds'—metropolitan rail access combined with immediate proximity to the Yarra Valley's natural beauty.
The best place to raise kids; we spend every weekend at Lillydale Lake or the rail trail.
Being at the end of the line means I always get a seat on the train, which is a life-saver for a 60-minute commute.
It's getting expensive quickly. We had to settle for a fixer-upper to stay under a million.
Everything is here—good doctors, the Marketplace, and the wineries are just five minutes away.
The Kinley development is bringing a lot of new energy and customers to the Main Street.
Finding a rental here was a nightmare; 30 people at every inspection.
Position the home as a 'lifestyle gateway' that offers metropolitan convenience without the urban congestion. Emphasize land size and the long-term growth story of the region.
Lilydale offers a rare combination of infrastructure (rail) and major new supply (Kinley) which typically drives long-term capital growth.
Low rental yields compared to interest rates; potential for oversupply of townhouses in the short term.
Great access to parks and public transport.
Heating costs can be high in older homes during winter.
Ensure all gas and electrical safety checks are up to date as per Victorian legislation.
The 'Gateway to the Yarra Valley' lifestyle; 'Kinley-adjacent' growth potential.
Upsizing families from Ringwood/Mitcham and tree-changers.
This report is based on projected data for March 2026 and is intended for informational purposes only. It does not constitute financial or legal advice. Buyers should conduct their own independent due diligence and consult with qualified professionals before making any property purchase.
$600,000 - $650,000
2 1 1
Open Saturday 14 November 10:00 am
$1,150,000 - $1,250,000
3 3 2
Open Saturday 14 November 2:00 pmSchools in this suburb, and the government school zones that cover the middle of it. A zone often covers only part of a suburb, so check an address on the property page.
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