Wheelers Hill (VIC 3150): property prices & suburb profile

Wheelers Hill property prices

The typical Wheelers Hill house sold for around $1,522,000 in the year to 2025-Q4, +73.9% over 10 years and +38.6% over 5 years.

• Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
• The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
• The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
• Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
• Periods with fewer than 5 recorded sales are excluded.

Wheelers Hill medians by quarter

The most recent quarter on record for Wheelers Hill is 2025-Q4.

• Sale counts are shown so you can judge how solid each median is.

Who lives in Wheelers Hill

Wheelers Hill has a median age of 48 and a median household income of $1,818 a week.

• Figures labelled Wheelers Hill are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Wheelers Hill" and postcode 3150 both extend beyond Wheelers Hill.
• SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.

Schools in Wheelers Hill

The 7 mainstream schools in Wheelers Hill sit at the 91st percentile nationally on ACARA's socio-educational index.

• ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
• Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
• Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.

Suburbs near Wheelers Hill

Wheelers Hill's typical house price of $1,522,000 is the 24th highest of the 62 Melbourne East suburbs we cover.

• Abbotsford 3067

  $1,309,000 typical house price

• Ashburton 3147

  $1,930,000 typical house price

• Ashwood 3147

  $1,520,000 typical house price

• Balwyn 3103

  $2,889,000 typical house price

• Balwyn North 3104

  $2,316,000 typical house price

• Bayswater 3153

  $931,000 typical house price

• Bayswater North 3153

  $923,000 typical house price

• Blackburn 3130

  $1,614,000 typical house price

All Melbourne East suburb research

Wheelers Hill: common questions

How much does a house cost in Wheelers Hill?

About $1,522,000 across the 12 months to 2025-Q4, from 238 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.

Have Wheelers Hill prices gone up?

Prices have risen 73.9% over 10 years and moved +38.6% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.

What do units cost in Wheelers Hill?

The typical unit price was around $938,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 13 sales.

Can I see Wheelers Hill prices street by street?

Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.

Which schools are in Wheelers Hill?

Wheelers Hill has 8 ACARA-registered schools, including Brandon Park Primary School, Good Shepherd School, Jells Park Primary School, Monash Special Developmental School, St Justin's School, Waverley Meadows Primary School.