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MOMENTUM
MEDIA
Figures from the previous quarter show that capital gains for real estate buyers in SELBY are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.
On average, rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in SELBY.
SELBY, 3159 ranks th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 711th on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.
Selby is a small outer-eastern suburb of Melbourne located within the Shire of Yarra Ranges in the Dandenong Ranges foothills. The suburb is situated approximately 38 kilometres east of the Melbourne central business district and lies between Belgrave, Menzies Creek and Emerald.
Selby recorded a population of just over 1,400 residents at the 2021 census, reflecting its village-scale size and low-density residential form. The demographic profile is characterised by a high proportion of family households and long-term residents, with a median age above the metropolitan average.
Home ownership rates are high, indicating residential stability and limited rental accommodation compared with inner and middle-ring suburbs. Housing in Selby is predominantly detached dwellings, many set on larger, sloping blocks that follow the natural contours of the Dandenong Ranges. Development density is low, with minimal townhouse or apartment construction and strong planning controls related to bushfire management and environmental protection.
Public transport access is limited, with no railway station located directly within Selby.
Residents typically access train services at nearby stations in Belgrave and Menzies Creek on the Belgrave line. Bus services operate through the suburb but are infrequent, primarily providing connections to neighbouring townships and rail stations. Road access is mainly via Belgrave–Gembrook Road, which links Selby to surrounding hills communities and arterial road networks.
Local retail and service amenities in Selby are minimal, with the suburb containing only a few community facilities rather than a defined shopping centre. Residents rely on nearby centres such as Belgrave and Emerald for supermarkets, medical services, cafés and professional services. Educational facilities in Selby include a local primary school, while secondary schools are located in surrounding suburbs and can be reached by car or public transport.
Recreational amenities are a defining feature, with proximity to forested reserves and walking tracks throughout the Dandenong Ranges. Local parks, community halls and bushland areas support informal recreation, community events and outdoor activities. The surrounding natural environment provides opportunities for bushwalking, cycling and nature-based recreation rather than organised sporting facilities.
Employment among residents spans education, health care, trades, retail and professional services, with most commuting to employment centres elsewhere in metropolitan Melbourne. Selby’s identity is shaped by its small population, low-density housing and close connection to the natural landscapes of the Dandenong Ranges.