Diamond Creek
Suburb profile, market snapshot and recent listings for Diamond Creek, VIC 3089.
About Diamond Creek
Welcome to Diamond Creek
Diamond Creek sits about 26 kilometres north-east of the Melbourne CBD, tucked into the leafy foothills country of the Nillumbik Shire alongside Wattle Glen, Eltham North, Research and Yarrambat. It's the kind of place that trades city density for bushland outlooks and a genuine town-centre feel, built around a compact shopping strip and the creek and reserves that give the suburb its name.
With a population of around 12,503 and a median age of 39, Diamond Creek attracts a steady mix of established families, tree-change couples and long-term locals. It suits buyers after space, a slower pace and easy access to Melbourne's green wedge, without giving up the daily commute altogether.
Lifestyle & dining
Diamond Creek's town centre has the low-key, community feel typical of the Shire of Nillumbik, with cafes, bakeries and everyday retailers clustered around the main strip rather than a big shopping mall. It's a suburb where people tend to know their local coffee order, and weekends are as likely to involve a walk along the creek trails as a browse of the shops.
Neighbouring Eltham, a short drive south, adds a larger dining and cultural scene for residents wanting more variety, including its well-known arts and live-music offerings, while Diamond Creek itself keeps things simple and unhurried.
Shopping
The Diamond Creek shopping village covers most day-to-day needs, with a supermarket, specialty stores, medical services and cafes within walking distance for many residents. For bigger shopping trips, Eltham and the wider Diamond Valley area are close by, giving locals access to larger retail centres without a lengthy drive.
Getting around
Diamond Creek is served by its own railway station on the Hurstbridge line, giving direct rail access into the city and making it a realistic option for CBD commuters who don't mind a longer trip in exchange for the lifestyle trade-off. Road access runs through Diamond Creek Road and Main Hurstbridge Road, connecting through to Eltham, Greensborough and the Eastern Freeway/Metropolitan Ring Road network for those driving.
Buses link the suburb to surrounding areas including Wattle Glen and Research, though many residents rely on cars for getting around the hillier, more spread-out parts of the suburb and its rural fringes.
Schools & families
Families are well catered for locally, with Diamond Creek East Primary School and Diamond Creek Primary School both serving the suburb, and Diamond Valley College providing a secondary option nearby. The combination of local schooling, larger blocks and proximity to bushland reserves is a big part of the suburb's appeal for families looking to raise kids with more room to move than inner-suburban Melbourne allows.
Parks & recreation
True to its name, Diamond Creek and its surrounding reserves are central to the suburb's outdoor life, offering walking and cycling trails that link through to neighbouring Wattle Glen and Eltham North. The broader Nillumbik area, including the bushland around Research and Yarrambat, gives residents easy access to hiking, horse riding and nature-based recreation that's harder to come by closer to the city.
The property market
Diamond Creek's median house price currently sits at $904,000, following a recent pullback in growth of -1.2%, suggesting a market that has cooled slightly after a stronger run and may offer buyers a touch more room to negotiate than in recent years. Median rent is $650 a week, reflecting solid ongoing demand from tenants drawn to the suburb's space and lifestyle.
Houses dominate the current listings mix at 77%, with land making up 19% of what's on the market, a sign of the area's semi-rural pockets and newer subdivisions, while townhouses (3%) and apartments or units (1%) remain a small minority. That dwelling mix underlines Diamond Creek's identity as a suburb built for house-and-land living rather than higher-density development, which continues to shape both its character and its market.
Market snapshot
Diamond Creek property market
Median sale price
$904k
House · 3 bed
Median rent
$650
per week
Gross rental yield
3.7%
annual rent ÷ sale price
Typical price range
Entry
$711k
Median
$904k
Premium
$1.23m
Days on market
20
Auction clearance
67%
Sold this year
82
Median sold price trend · House 3 bed
Compound growth -0.1% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Diamond Creek by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Diamond Creek, VIC 3089.
Population
12,503
residents (2021)
Median age
39
years
Household income
$2,508
median, per week
Median rent
$430
per week
Median mortgage
$2,167
per month
Mortgage / income
20%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Diamond Creek
Government school catchment
Recent results
Recently sold in Diamond Creek
$1.28m
34-36 Campbell Street
Sold ~July 2026
$2.30m
130 Reynolds Road
Sold ~July 2026
$990k
39 Hillingdon Drive
Sold ~July 2026
$1.07m
4 Kingsbury Court
Sold ~July 2026
$688k
13 Rusty Gate Court
Sold ~July 2026
$575k
14 Serenity Place
Sold ~July 2026
$1.31m
46 Fraser Street
Sold ~July 2026
$1.28m
9 Emu Court
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Diamond Creek
Compare the area
Price map around Diamond Creek
Every listing for sale near Diamond Creek, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Diamond Creek suburb FAQ
What is the median property price in Diamond Creek?
The median house price in Diamond Creek, VIC is $904k for a 3-bedroom home. Over the past year, median sold prices have fallen about 1.2%.
How much is rent in Diamond Creek?
The median weekly rent in Diamond Creek is around $650 per week.
Is Diamond Creek a good place to live?
Diamond Creek is a suburb of Melbourne, Victoria, Australia, 23 km north-east of Melbourne's Central Business District, located within the Shire of Nillumbik local government area. Diamond Creek is an established residential suburb in VIC, with a population of around 12,503 and 3 schools in the area.
What is the population of Diamond Creek?
Diamond Creek has a population of 12,503 (ABS 2021 Census), with a median age of 39.
What schools are in Diamond Creek?
There are 3 schools in or near Diamond Creek, including Diamond Creek East Primary School, Diamond Creek Primary School and Diamond Valley College.
How long do homes take to sell in Diamond Creek?
Properties in Diamond Creek take around 20 days to sell on average, with an auction clearance rate of about 67%.
How much do you need to buy in Diamond Creek?
Entry-level properties in Diamond Creek start around $711k, while premium homes reach $1.23m.
What suburbs are near Diamond Creek?
Suburbs near Diamond Creek include Wattle Glen, Eltham North, Research, Yarrambat and Eltham.
Fresh to market
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