15 Alan Place, Warrandyte, Vic 3113
$1.2m - $1.3m
5 3 2
Open Thursday 8 October 11:30 am Auction Saturday 24 October 1:00 pmWarrandyte was the site of the first official gold discovery in Victoria in 1851, sparking the Victorian gold rush. It transitioned from a mining hub to a renowned artist colony in the early 20th century, attracting painters like the Heidelberg School artists.
Today, it is a low-density, environmentally conscious suburb defined by its 'village' atmosphere, large bush blocks, and strong community focus on the Yarra River.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Warrandyte offers a 'tree-change' without leaving the metropolitan area. Its strict environmental protections mean the character is unlikely to change, preserving its value but making any improvements complex and expensive.
$1.35m – $3.5m
$850k – $1.1m
12-month movement
Current asking rents
The market is characterized by low turnover and high 'emotional' value. Buyers often pay a premium for specific views or river access, while bushfire compliance can create a price ceiling for unrenovated homes.
Price comparison
Median price ÷ median income
Estimated rental yield
Warrandyte is an aspirational market. While land sizes are large, the cost per square metre is high, and ongoing costs for land management and insurance must be factored into any budget.
Lower = tighter market
Avg time on market
Annual rental increase
Professional families looking for a lifestyle change or those building in the area.
Low yields make this a capital gains play rather than a cash-flow investment. The scarcity of rental stock ensures low vacancy, but high entry costs and maintenance are significant hurdles.
Expect steady capital growth aligned with Melbourne's premium lifestyle suburbs. Growth will be constrained by affordability but supported by the absolute lack of new land supply.
vs last 12 months
Relative comparison
Check local police reports via the Crime Statistics Agency Victoria. Focus on home security for isolated bush properties.
Environmental factors are the primary risk. Bushfire is a seasonal reality, and riverfront properties face occasional flooding.
Properties in the 'Warrandyte Village' and those directly abutting the Yarra River are subject to Land Subject to Inundation Overlays (LSIO).
Extreme. Most of the suburb is in a Bushfire Management Overlay (BMO). This dictates building materials (BAL ratings) and vegetation management.
Premiums are significantly higher than inner-suburban Melbourne. Some insurers may refuse cover for properties with extreme BAL ratings or proximity to unmanaged bushland.
Bushfire Management Overlay (BMO), Environmental Significance Overlay (ESO), Significant Landscape Overlay (SLO)
Virtually none; planning controls are designed to prevent subdivision and maintain low density.
Planning in Warrandyte is about preservation. Any extension or new build will require significant environmental assessments and likely a higher Bushfire Attack Level (BAL) construction standard.
Poor; car dependency is high. Bus routes 906 (SmartBus) and 578/579 are the primary links to the city and rail.
High; the main street offers high-quality dining, the Grand Hotel, and boutique retail.
Exceptional; Warrandyte State Park offers extensive hiking, swimming, and canoeing.
Strong; Warrandyte Primary and Anderson's Creek Primary are highly rated. Warrandyte High School is a community staple.
Moderate; local GPs and pharmacies available, but major hospitals (Maroondah or Austin) are 20-30 mins away.
An affluent, mature demographic consisting largely of established families and 'empty nesters' who value privacy and nature.
The high owner-occupancy rate fosters a strong sense of community responsibility and pride in property maintenance, supporting long-term value.
Infrastructure focus rather than residential development.
Residents are fiercely protective of the suburb's character. There is a high level of satisfaction regarding the natural beauty and safety, though frustration exists regarding traffic and the lack of public transport.
There is nowhere else in Melbourne where you can see kangaroos from your deck and still be at work in the city in under an hour.
The schools are fantastic and the kids spend all summer at the river. Just wish the bridge traffic wasn't so bad at 8 am.
The lifestyle is 5-star, but be prepared for the 'bushfire tax'—insurance and clearing gutters takes up a lot of time and money.
The creative energy here is still alive. It's getting expensive, but the galleries and the river keep me here.
I've lived here since the 80s. It's safe, quiet, and the neighbors actually know each other's names.
If you don't drive, don't move here. The buses are okay, but you're at the mercy of the Eastern Freeway traffic.
Position the property as a 'turn-key sanctuary'. In a market where renovations are difficult due to planning, a well-maintained, compliant home is a rare and premium asset.
Warrandyte is a capital growth play. Low yields and high maintenance make it unsuitable for cash-flow investors.
High insurance premiums, strict tenancy laws regarding garden maintenance in fire zones, and low liquidity.
Unbeatable access to nature and a quiet, safe environment for children.
Limited public transport and the necessity of maintaining the property to fire-safe standards.
Landlords must ensure the property meets the 'Bushfire Management Overlay' requirements if applicable, and that all smoke alarms are serviced annually.
The 'Ultimate Tree Change' without the commute. Focus on the artistic heritage and the river lifestyle.
Established professional families (35-55) and affluent retirees seeking a community-centric lifestyle.
This report is based on data available as of March 31, 2026. Property investment involves risk. Environmental factors in Warrandyte, specifically bushfire and flood, can change rapidly. Buyers should conduct their own independent legal, financial, and environmental due diligence before purchasing.
$1.2m - $1.3m
5 3 2
Open Thursday 8 October 11:30 am Auction Saturday 24 October 1:00 pm
$1,700,000 - $1,850,000
4 2 2
Open Thursday 8 October 11:00 am
$2m - $2.2m
4 2 2
Open Friday 9 October 12:30 pm Auction Saturday 17 October 2:00 pmReal Search makes searching for your new home easy with properties for sale in Warrandyte VIC 3113 and properties for rent in Warrandyte VIC 3113. Are you looking for specific type of property? Real Search has units for sale in Warrandyte VIC 3113 and houses for sale in Warrandyte VIC 3113. Real Search also provides 1 bedroom unit for sale in Warrandyte VIC 3113, 2 bedroom unit for sale in Warrandyte VIC 3113 & 3 bedroom unit for sale in Warrandyte VIC 3113. Find best real estate agents in Warrandyte VIC 3113. You can also check real estate agencies in Warrandyte VIC 3113. Research the property market of Warrandyte VIC 3113 with a property report and suburb profile report on Real Search.