For Sydney homeowners with equity

Same distance to a capital city. $508,000 difference.

A three-bedroom attached dwelling 12km from the Sydney CBD medians $1,358,000. Ten kilometres from the Melbourne CBD, a brand new one inside a master-planned precinct starts at $850,000. Same ring around a capital city, 37% less.

Median 3-bed attached dwelling

Sydney 12 to 13km from the CBD, rolling 12 months to September 2026. The release is 10km from Melbourne's.

Melbourne, 10kmbrand new, from

$850k

RydeSydney, 13km, 67 sales

$1.31m

BurwoodSydney, 12km, 32 sales

$1.36m

Domain suburb profiles, median sold price, rolling 12 months to September 2026, sales counts shown. The $850k is a release price, not a median. Domain's category is attached dwellings, not townhouses. Distances are straight line.

Find out where it is

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The location, floor plans and pricing, by email the same day
The published 60-point project score, including where it is unflattering
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General advice only. No call unless you ask for one. We do not sell your details.

m10-syd-price

Sydney

wealth-builder

melbourne-10km

The long view

Sydney runs first. Melbourne follows.

Fifteen years of capital city dwelling values, indexed to 2011. Sydney moved first in 2013. Melbourne tracked it with a lag and closed most of the gap by 2017. Since 2022 both have been flat while Perth and Brisbane ran. Melbourne is now the cheapest of the four largest capitals, at a point in the cycle where the last gap closed.

$1,041,205

Melbourne median house, June quarter 2026

$1,733,891

Sydney median house, June quarter 2026. The release is less than half.

40%

Melbourne below Sydney on the median house price

Dwelling value index, December 2011 = 100. ABS Residential Property Price Index to December 2021 (final issue), then Cotality Home Value Index changes to August 2025 and August 2026, spliced at 2021. Past performance is not a guide to future performance.

Why Melbourne, in four numbers

Cheapest big city. Highest yield. Reasons you can check.

$1,041,205

Melbourne median house, June quarter 2026. Sydney is $1,733,891.

4.0%

Gross rental yield, highest of the four largest capitals. Sydney 3.3%.

14,519

Homes completed in Victoria in the March 2026 quarter, more than any state. That is why it is cheaper.

1 July 2027

Negative gearing becomes new-build only for new purchases. This release qualifies.

Domain House Price Report, June quarter 2026; Cotality Home Value Index (yields) to 31 August 2026; ABS Building Activity, March quarter 2026; 2026-27 Federal Budget. We are not predicting a Melbourne recovery. The case is price, yield and tax treatment.

The shaded area contains the precinct; the exact location comes with your enquiry. Distance is straight line to the Melbourne GPO.

Townhouse facades with brick, timber and pitched roofs, artist's impression

Why this precinct

A new precinct, inside an established suburb. That almost never happens.

Most new precincts are built on the city fringe. This one sits inside a gazetted comprehensive development plan: 66 hectares of former industrial land 10km from the CBD, with a new town centre, parks and streets funded as part of the plan. We name it when you enquire.

New amenity, inside a suburb where the schools, shops and freeway are already there. That is the combination a tenant pays for and an investor rarely gets at a new-build price.

New town centre10,000m2 retail, service and office

8.9ha of new parksOpen space across the precinct

1,000+ local jobsRetail, service and office

Schools already hereThree within the suburb

Freeway at the doorNew tunnel to the CBD, open since Dec 2025

10km to the CBDStraight line, west of the city

66ha

Master-planned precinct, 10km from the CBD

~3,000

New homes planned across the precinct

8.9ha

New parks and open space

$55.1m

Developer-funded transport and community infrastructure

Comprehensive development plan, Victorian Planning Authority. Figures are plan targets for the whole precinct, not for this release alone.

Why Oli Property

Research first. Property second.

Oli Property is part of the Oliver Hume Property Group, which has sold Australian residential property since 1954 and helped over 290,000 Australians buy and invest in new property.

Our research, led by Chief Economist Matt Bell, covers 4,800 suburbs and is relied on by government and ASX 200 companies. Every property we put in front of a client has been through our 60 data point review process first.

We have no reason to push you toward one outcome over another, which is why we run the numbers against our 60 data point review process, across 4,800 suburbs. If this project does not suit your position, we will tell you, and we will tell you why.

1954

Oliver Hume Property Group founded

290,000+

Australians helped to buy and invest in new property

4,800

Suburbs covered by our research

60+

Data points in every property review

1300 881 780 oliproperty.com.auMelbourne: Level 2, 4 Riverside Quay, Southbank VIC 3006Sydney: Level 24, Tower 3, 300 Barangaroo Ave, NSW 2000Privacy Disclaimer

About the figures on this page

Suburb medians are Domain median sold prices, rolling twelve months to September 2026, with sales counts shown; they move and will be re-verified before any campaign goes live. City median house prices are from the Domain House Price Report, June quarter 2026. Rental yields and the long-term chart use the Cotality Home Value Index (dwellings) to 31 August 2026, spliced with the ABS Residential Property Price Index to December 2021. The $850,000 is a release price for a three-bedroom townhouse, not a median, and is subject to written confirmation. Distances are straight line.

General advice disclaimer

The information on this page has been prepared as a general guide only and does not constitute advice. It has been prepared without taking account of your objectives, financial situation or needs. Before acting on any information you should consider its appropriateness having regard to your own objectives, financial situation and needs, and seek independent advice from a qualified professional. Any forward looking statements are estimates only, are affected by a significant number of unpredictable factors, and there are no guarantees they will be achieved. Property markets perform at different rates and past performance is not an indicator of future performance. Taxation outcomes depend on individual circumstances and you should speak with a qualified accountant.

Mortgage brokerage is provided by MyFirstLoan.au Pty Ltd ACN 168 808 946, Australian credit representative number 564038 of Allied Financial Consulting Pty Limited ACN 059 732 419, ACL 393845. Loans are structured and managed by Homestar Finance, ACL 390860.