The post-budget guide to commercial property investing

Kooyong

POSTAL CODE: VIC, 3144
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KOOYONG ranks 184th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

KOOYONG, 3144 has a capital gain of 0% for the past year, which is higher than average compared to its -28.16% growth within a five-year period.

With the median home price in KOOYONG sitting at $916,000, and the average rent at $850, property owners could potentially earn a 4.83% increase in gross rental yield.

Property investors have seen a 0% gain in KOOYONG based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that KOOYONG, 3144 obtained a 0% decrease over a ten-year period. It ranks 1917th on our list of suburbs that property investors should look into.

Surburb overview

Kooyong is a small inner-eastern suburb of Melbourne located within the City of Stonnington. The suburb is positioned about six kilometres south-east of the Melbourne central business district and is bordered by Toorak, Armadale, Malvern and Hawthorn.

Kooyong recorded a population of just over 8,000 residents at the 2021 census, reflecting its compact geographic size and established residential character. The demographic profile includes a higher-than-average median age and a mix of long-term owner-occupiers and apartment-based households.

Housing in Kooyong is predominantly medium-density, with a concentration of low- and mid-rise apartment buildings alongside a smaller number of detached dwellings. Many residential developments are located near transport corridors, contributing to a relatively uniform streetscape and limited commercial activity within the suburb itself.

Kooyong is well connected to public transport via Kooyong railway station on the Glen Waverley line, which provides direct services to the CBD and eastern suburbs. Additional rail access is available at nearby stations, including Heyington and Armadale, expanding commuting options for residents.

Tram services operate along Glenferrie Road and nearby arterial routes, offering frequent connections to surrounding inner suburbs. Road access is provided by Glenferrie Road and the Monash Freeway, which runs along the suburb’s northern boundary and supports regional and metropolitan travel.

Retail and service amenities within Kooyong are limited, with most residents accessing shopping centres, supermarkets and professional services in neighbouring suburbs such as Toorak, Armadale and Malvern.

Educational facilities are not located within Kooyong itself, though a range of primary, secondary and tertiary institutions are accessible in the surrounding inner-eastern suburbs.

Recreational opportunities include proximity to the Yarra River corridor, which provides shared walking and cycling paths and links to broader open space networks.

Local parks and tree-lined streets contribute to informal recreation rather than organised sporting facilities.

Kooyong’s identity is shaped by its transport connectivity, residential density and reliance on adjacent suburbs for commercial and community infrastructure.

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