Ivanhoe
Suburb profile, market snapshot and recent listings for Ivanhoe, VIC 3079.
About Ivanhoe
Welcome to Ivanhoe
Ivanhoe sits about eight kilometres north-east of Melbourne's CBD, on the northern side of the Yarra River in the City of Banyule. It's one of those established, leafy pockets that combines period charm with genuine convenience — close enough to the city for an easy commute, but with a distinctly settled, residential feel that sets it apart from the inner north.
The suburb tends to attract families, professionals and downsizers drawn to its tree-lined streets, strong schools and village-style shopping strip. With Eaglemont, Heidelberg and Heidelberg Heights as neighbours, Ivanhoe forms part of a well-regarded cluster of Banyule suburbs known for their heritage housing stock and river-adjacent lifestyle.
Lifestyle & dining
Ivanhoe's commercial heart runs along Upper Heidelberg Road and around the Ivanhoe railway station precinct, where cafes, bakeries and restaurants cater to a steady stream of locals rather than passing trade. It has the feel of a self-contained village — the kind of place where you can do a full day's errands without leaving the postcode, then finish with dinner at a neighbourhood bistro.
The Yarra River and its parklands are a short walk from most parts of the suburb, giving residents a genuine bushland escape without having to travel far. This proximity to green space, combined with a relatively low-key retail strip, gives Ivanhoe a quieter, more residential rhythm than some of its inner-city counterparts.
Schools & families
Education is one of Ivanhoe's strongest drawcards. The suburb is home to both Ivanhoe Grammar School and Ivanhoe Girls' Grammar School, two well-established independent schools with strong reputations, alongside Ivanhoe Primary School for local families. Catholic schooling options are also well represented nearby, with Mary Immaculate School and St Bernadette's School serving the area.
With a median age of 40 and a population of 13,374, Ivanhoe skews toward established families and older residents rather than a young, transient crowd — a profile that fits with its reputation as a stable, long-term place to put down roots.
Getting around
Ivanhoe railway station, on the Hurstbridge line, puts the CBD within easy reach and is one of the suburb's biggest practical advantages, particularly for commuters who want to avoid driving in. Buses supplement the train network, connecting Ivanhoe to neighbouring Heidelberg, Eaglemont, Bellfield and Heidelberg West, as well as to Heidelberg Heights.
For drivers, arterial roads including Upper Heidelberg Road and the Eastern Freeway (via Bell Street or Chandler Highway) make it straightforward to reach the city or head further out to Melbourne's north and east.
Parks & recreation
The Yarra River corridor is the standout feature here, offering walking and cycling trails, picnic spots and bushland reserves that stretch along the valley toward Heidelberg and beyond. Chelsworth Park and the broader riverside parkland network give residents room to walk the dog, ride a bike or simply get outside without needing to drive anywhere.
Sporting clubs and ovals dotted through the suburb add to the recreational offering, making it an easy place for kids and adults alike to stay active locally.
Housing & architecture
Ivanhoe's housing stock is a mix of Californian bungalows, Edwardian and Victorian-era homes, and post-war houses, many sitting on generous blocks that reflect the suburb's early-to-mid-20th-century development. In recent years, apartment and townhouse development has increased around the station and shopping strip, broadening the housing mix.
Current listings reflect that shift: apartments and units now make up 60% of stock on the market, houses 25%, townhouses 14% and vacant land the remaining 1%. It means buyers have a genuine choice between low-maintenance apartment living and the classic freestanding family home Ivanhoe is traditionally known for.
The property market
Ivanhoe remains a premium pocket of Banyule, with a median house price of $1.94 million reflecting strong long-term demand for its schools, transport and leafy streets. Units and apartments offer a considerably more accessible entry point, with a median of $650,000 — a gap that helps explain the current dominance of apartment listings in the market.
Median weekly rent sits at $1,000, underlining solid rental demand despite recent price softness; house prices have eased by 4.1% recently, which may present an opening for buyers who've been priced out during previous growth cycles. For those weighing up Ivanhoe against neighbours like Eaglemont or Heidelberg, it remains a suburb where quality schooling and river access continue to underpin long-term appeal.
Market snapshot
Ivanhoe property market
Median sale price
$1.94m
House · 4 bed
Median rent
$1,000
per week
Gross rental yield
2.7%
annual rent ÷ sale price
Typical price range
Entry
$1.19m
Median
$1.94m
Premium
$3.82m
Days on market
44
Auction clearance
44%
Sold this year
70
Median sold price trend · House 4 bed
Compound growth +0.2% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Ivanhoe by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Ivanhoe, VIC 3079.
Population
13,374
residents (2021)
Median age
40
years
Household income
$2,232
median, per week
Median rent
$430
per week
Median mortgage
$2,383
per month
Mortgage / income
25%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Ivanhoe
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Ivanhoe
$1.53m
2/17 Abbotsford Grove
Sold ~July 2026
$970k
3/43 Linden Avenue
Sold ~July 2026
$640k
120/45 Linden Avenue
Sold ~July 2026
$600k
204/58 Myrtle Street
Sold ~July 2026
$1.61m
1/94 Locksley Road
Sold ~July 2026
$775k
10/3 Kenilworth Parade
Sold ~July 2026
$1.30m
1/135 Ivanhoe Parade
Sold ~July 2026
$1.54m
13 Lower Heidelberg Road
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 Ivanhoe
Compare the area
Price map around Ivanhoe
Every listing for sale near Ivanhoe, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Ivanhoe suburb FAQ
What is the median property price in Ivanhoe?
The median unit price in Ivanhoe, VIC is $650k for a 2-bedroom home. Over the past year, median sold prices have fallen about 7.1%.
How much is rent in Ivanhoe?
The median weekly rent in Ivanhoe is around $600 per week.
Is Ivanhoe a good place to live?
Ivanhoe is a suburb of Melbourne, Victoria, Australia, 9 kilometres (5.6 mi) north-east of Melbourne's central business district, located within the City of Banyule local government area. Ivanhoe is an established residential suburb in VIC, with a population of around 13,374 and 5 schools in the area.
What is the population of Ivanhoe?
Ivanhoe has a population of 13,374 (ABS 2021 Census), with a median age of 40.
What schools are in Ivanhoe?
There are 5 schools in or near Ivanhoe, including Ivanhoe Girls' Grammar School, Ivanhoe Grammar School and Ivanhoe Primary School.
How long do homes take to sell in Ivanhoe?
Properties in Ivanhoe take around 40 days to sell on average, with an auction clearance rate of about 75%.
How much do you need to buy in Ivanhoe?
Entry-level properties in Ivanhoe start around $450k, while premium homes reach $1.06m.
What suburbs are near Ivanhoe?
Suburbs near Ivanhoe include Heidelberg Heights, Heidelberg, Eaglemont, Bellfield and Heidelberg West.
Fresh to market
New this week in Ivanhoe
Substantial Family Home Rich in Character and Potential
The Last 2-Bedroom Courtyard Apartment Perfect for Entertaining. Priced at $5,132/sqm
Space, Serenity and a Lifestyle Worth Coming Home To. Priced at $8,281/sqm.
A 2-Bedroom Apartment Idyllic Retreat at Riverbend Ivanhoe
Available now
Properties in Ivanhoe
Luxury Family Living with Flexible Multi-Generational Appeal
Stylish Ivanhoe Living with Resort-Style Convenience
Bespoke Luxury, House-Like Space & Village Convenience
Chic and Secure with North Facing Garden Courtyard
Spacious, Stylish & Effortless Living
Elevated living in the prestigious evergreen complex
FOR SALE RESERVE PRICE $385,000
Refined apartment living with exceptional space & security
Expressions of Interest Closing Tuesday 11 August at 5pm
Private Family Elegance in a Prestigious Ivanhoe East Setting
Substantial Family Home Rich in Character and Potential
