MARKET
UPDATE REPORT GLEN IRIS & ASHBURTON
IRIS
GLEN IRIS & ASHBURTON MARKET REVIEW WITH SARAH RISTESKI
Demand remains consistent across Glen Iris & Ashburton, with A-grade family homes in prized pockets continuing to attract the strongest competition. While buyers are operating with considered budgets following the recent rate rise, the adjustment has been absorbed well, and decision-making has remained disciplined rather than delayed. Stock quality is the key differentiator: renovated period homes and well-designed contemporary residences with functional floorplans, natural light and outdoor space are seeing the highest level of enquiry, particularly where schooling and transport align.
Investor interest is also increasing into early 2026, supported by improving rental conditions and Melbourne's relative value when compared with Sydney and Brisbane. Vendors are achieving their best outcomes when pricing is market-aligned from day one and campaigns are structured to build momentum early. Looking ahead, conditions point to a steady, balanced market, with consistent results for homes that present well, sit in blue-chip locations and meet the lifestyle brief buyers are prioritising.
$2,425,014 $2,636,056 $10,500,000 $387,500,288
55A MUNRO AVENUE
ASHBURTON
A 4 B 3 C 2
Sold for $2,270,000
166 GLEN IRIS ROAD
GLEN IRIS
A 4 B 4 C 2 E 642 approx.
Sold for $3,650,000
Set in a leafy streetscape and moments from Watson Park, this architecturally designed and privately built residence showcases a striking contemporary façade and a calm sense of seclusion, with versatile family space across light-filled, beautifully zoned interiors.
From the spectacular scale to the unforgettable style and sensational resort style garden and pool setting, every aspect of this impressive architect designed contemporary residence highlights its incomparable family appeal.
