Hillside, VIC 3037
Hillside property market
Most of Hillside's activity is house sales, with 168 sales (down 15.6%) at around $829.5k (up 5.8%) as of July 2026, taking about 26 days to sell (up from 25 days last year), with 4-bedroom and 3-bedroom about even at around 45% each.
House rentals sit just behind, with 133 leases (down 0.7%) at $530 a week (up 1%), renting out in about 26 days (up from 25 days last year), mostly 3-bedroom (around 55%). Followed by 37 unit rentals at $460 a week (one of the country's least in-demand unit rental markets). 29 unit sales at around $601k.
Who lives hereA high-income, mortgage-belt, family-oriented suburb — multicultural and deeply settled.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Hillside demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
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Who lives in Hillside?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Hillside
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Hillside
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 2.6× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Hillside
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Hillside
2 schools inside Hillside, plus the closest options around it. Families can choose from 2 primary schools in Hillside and its surrounds — no high school sits within this radius. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- Within Hillside · 2Order by
- 1Cana Catholic Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · Within suburbState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students534Multilingual50%ICSEA Rank50th
- 2Parkwood Green Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students534Multilingual50%ICSEA Rank50th
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Hillside median house price & rent
Headline price, rent, yield and time on market for Hillside — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Hillside property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Hillside
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Hillside against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Hillside in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Severe shortage | 1.1 | ▼ -0.6 | 3 | 32 | 2.7 | |
| Balanced | 2.1 | ▲ +0.4 | 6 | 32 | 2.7 | |
| Balanced | 2.4 | ▲ +1.4 | 6 | 32 | 2.7 | |
| Balanced | 2.7 | ▲ +2.7 | 7 | 32 | 2.7 | |
| Loose | 5.5 | ▲ +3.5 | 15 | 32 | 2.7 | |
| Loose | 6.2 | ▲ +4.0 | 17 | 32 | 2.7 | |
| Oversupply | 7.3 | ▲ +5.9 | 19 | 32 | 2.7 |
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Loose | 1.2 | ▲ +0.2 | 3 | 31 | 2.6 | |
| Loose | 1.4 | ▼ -0.6 | 4 | 31 | 2.6 | |
| Loose | 1.8 | ▼ -0.2 | 5 | 31 | 2.6 | |
| Oversupply | 2.0 | — | 5 | 31 | 2.6 | |
| Oversupply | 2.3 | ▲ +1.9 | 6 | 31 | 2.6 |
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Hillside — Units & Houses, all bedrooms
Hillside median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Hillside rose from $362k (Jul 2021) to $587k (Jun 2026) — +62.1% growth over five years — peaking at $732k between Dec 2024 and Nov 2025. Median house rent went from $311/wk to $436/wk (+40.2%) over the same period. For units, the median sale price rose from $292k to $346k (+18.7%), with rent up from $300/wk to $376/wk (+25.3%) over the same period.
Suburbs near Hillside: prices compared
The nearest suburbs to Hillside, ranked by distance — each lined up against Hillside on the same measures, so the differences jump out at a glance.
Suburbs like Hillside
Suburbs anywhere in VIC that behave like Hillside — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Hillside vs Keilor Downs: the closest sales-market match trades at a median of $630k against Hillside's $550k — about 15% higher, with homes selling in 21 days versus 20 days here.
Comparable sales markets to Hillside: Keilor Downs house prices, Seabrook median house price, Caroline Springs property growth, Fawkner house prices and Cairnlea property prices.
Hillside's closest rental-market twins: Keilor Downs average house price, Seabrook property market, Cairnlea market trends, Caroline Springs house prices and Fawkner average house price. Each link opens that suburb's full market report.
Frequently asked · Hillside
26 data-driven answers about Hillside's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Hillside?
#The median house price in Hillside, VIC 3037 is $550k as of June 2026, based on 38 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Hillside?
#The median unit price in Hillside, VIC 3037 is $550k as of June 2026, based on 38 sales over the past 12 months. Units have moved +50.0% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Hillside?
#The median weekly house rent in Hillside is $341 as of June 2026, drawn from 23 leases over the past 12 months. Units rent for around $341 per week. House rents have moved +0.5% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Hillside?
#A 3 bedroom house in Hillside rents for a median $341 per week as of June 2026, drawn from 23 leases over the past 12 months. Across other house sizes: 2-bedroom $341/week, 4-bedroom $341/week. Unit rents: 2-bedroom $341/week, 3-bedroom $341/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Hillside?
#Gross rental yield in Hillside is 3.11% for houses and 3.11% for units as of June 2026, compared with the VIC unit median of 2.97%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Hillside?
#As of June 2026, Hillside medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $550k | $550k | $550k | $550k |
| Units | — | $550k | $550k | — | $550k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Hillside median?
#At the median Hillside house ($550k purchase, $341/week rent), weekly mortgage repayments sit at roughly $570 — about $229 more per week than renting. That gap is the ownership premium. For the median unit ($550k purchase, $341/week rent), repayments run about $570 per week. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Hillside's property market trends?
#Hillside's property market trends to June 2026: house prices rose +50.0% year-on-year and units +50.0%; weekly house rents moved +0.5%; homes now sell in a median 20 days — slower than a year ago by 1; sales supply sits at 7.3 months (saturated). Read together — price, rent, selling speed and supply — they show which way the Hillside market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Hillside as an investment?
#As of June 2026 in Hillside, house prices rose +50.0% over the year, gross rental yield is 3.11% against a VIC median of 1.97%, houses take a median 20 days to sell, sales supply is 7.3 months (saturated). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Hillside?
#Houses in Hillside sell in a median 20 days on market as of June 2026, with units clearing slightly similarly at 20 days. Days on market have lengthened by 1 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Hillside a tight or loose property market right now?
#Hillside's sales market sits at 7.3 months of supply for houses as of June 2026 — classified as Saturated (extreme oversupply) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 1.8 months of supply.
Have property prices in Hillside gone up or down?
#House prices in Hillside moved +50.0% over the 12 months to June 2026, while units moved +50.0%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Hillside?
#Hillside's house rental market sits at 1.8 months of supply as of June 2026 — classified as Balanced, with 31 houses leased over the past 12 months. Units sit at 1.2 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Hillside in its property market cycle?
#Hillside's house market is currently in the 'in_demand_easing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year loosening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Hillside compare to other VIC suburbs?
#Hillside's median house price ($550k) is 5% below the VIC median ($581k) as of June 2026. On selling speed, houses clear in 20 days vs 16 days state median. On gross yield, Hillside sits at 3.11% vs 1.97% state median.
How does Hillside compare to neighbouring suburbs?
#Hillside's most-similar nearby market is Keilor Downs (4.5 km away) with a median house price of $630k — about 15% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Hillside?
#The most-transacted segment in Hillside over the 12 months to June 2026 is 2 bed houses with 32 sales. 3 bed houses come second at 32 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Hillside last year?
#Hillside recorded 32 house sales and 32 unit sales over the 12 months to June 2026 — a combined 64 transactions. On the rental side, 31 houses and 31 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Hillside in?
#Hillside is in postcode 3037, in the Western Melbourne region of VIC. Addresses there are written as Hillside, VIC 3037.
What is the population of Hillside?
#Hillside, VIC 3037 is home to 12,506 residents (ABS Census 2021). The median resident age is 22, and the average household holds 2.6 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Hillside?
#The median household in Hillside earns $1k per week — roughly $75k a year (ABS Census 2021). Median personal income runs $551/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Hillside?
#The unemployment rate in Hillside is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Hillside?
#Hillside is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Hillside?
#Hillside has 150 schools within reach, 2 of them inside the suburb itself — including Cana Catholic Primary School, Parkwood Green Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Hillside a good place to live?
#Hillside, VIC 3037 has a population of 12,506, a median age of 22, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Hillside market data last updated?
#This Hillside market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.