The Basin

POSTAL CODE: VIC, 3154
HOUSE

Property investors enjoyed capital gains of 2% over the last 12 months in THE BASIN, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in THE BASIN are low, as opposed to average gains per annum over the past five years.

The suburb posted a 4.63% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 3.79% increase in returns based on the current median price in THE BASIN.

THE BASIN, 3154 ranks 420th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 233rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.79% return.

Surburb overview

The Basin is an outer-eastern suburb of Melbourne located within the City of Knox at the foothills of the Dandenong Ranges. The suburb is situated approximately 31 kilometres east of the Melbourne central business district and borders Boronia, Bayswater, Tremen, and forested areas of the Dandenong Ranges.

The Basin recorded a population of just over 4,500 residents at the 2021 census, reflecting its relatively small size and village-style character. The demographic profile is dominated by family households and long-term residents, with a median age above the metropolitan average. 

Home ownership rates are high, indicating residential stability and lower levels of rental accommodation compared with inner and middle-ring suburbs. Housing in The Basin is predominantly detached dwellings, many set on larger blocks and sloping land that reflects the area’s topography. Development density is low, with limited townhouse or apartment construction and a strong emphasis on traditional suburban housing.

Public transport access is primarily bus-based, with no railway station located within The Basin itself. Bus services operate along Mountain Highway and surrounding roads, connecting residents to nearby train stations in Bayswater and Boronia. Road access is centred on Mountain Highway, which provides east–west connectivity to neighbouring suburbs and links to larger arterial road networks.

Local retail and service amenities are concentrated within The Basin village shopping strip, which includes supermarkets, cafés, takeaway outlets and everyday services. Residents also rely on nearby centres such as Boronia, Bayswater and Knox City for expanded retail, medical and professional services.

Educational facilities include a local primary school, with secondary schools located in surrounding suburbs and accessible by bus or car.

Recreational amenities are a defining feature, with direct access to the Dandenong Ranges National Park supporting walking, hiking and nature-based activities. Local parks, reserves and sporting grounds provide facilities for organised sport and informal recreation. Tree-lined streets, bushland views and proximity to forested areas contribute to a semi-rural atmosphere uncommon within metropolitan Melbourne.

Employment among residents spans trades, health care, education, retail and professional services, with many commuting to other parts of Melbourne.

The Basin’s identity is shaped by its natural setting, low-density housing and village-style services within Melbourne’s outer east.

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