If you have been watching the Highett property market from the sidelines, now is a good time to pay closer attention. Highett sits right next to Sandringham, yet it still offers something increasingly rare in Bayside Melbourne. It offers room to move.
We work with buyers across the Bayside corridor every week, and Highett keeps coming up in conversation. It has the beach lifestyle, the café strip and the transport links. What it does not have, at least not yet, is the price tag that comes with its more established neighbours.
Same Corridor, Different Price Point
The gap between Highett and Sandringham tells the story clearly. The median for a three-bedroom home in Highett currently sits at $1.31 million. Just next door in Sandringham, that same three-bedroom home carries a median of $1.7 million.
That is close to $400,000 in the same postcode corridor. For buyers who want the Bayside lifestyle without the Bayside premium, the Highett property market is one of the last places this trade-off still exists so clearly.
Demand Has Not Slowed Down
A lower median price does not mean lower demand. Two-bedroom units in Highett are currently clearing at 82 percent, which points to an active and competitive market rather than a quiet one.
Buyers are already recognising the value here. That means the window for entering the Highett property market at today’s prices will not stay open indefinitely.
Lifestyle Today, Transformation Tomorrow
Highett already delivers on lifestyle. The Kingston Farmers Market brings the local community together every fortnight, and Bad Shepherd Brewing Co has become a genuine drawcard for the area’s growing food and drink scene.
At the same time, Highett is a suburb mid-transformation. New developments are reshaping parts of the area, and the surrounding infrastructure is catching up to match the lifestyle that residents already enjoy.
Strong Foundations, Bright Future
Highett is not a speculative suburb built on hype. It has genuine substance behind it. Owner-occupiers make up 71 percent of residents, which points to a stable, settled community rather than a transient rental market.
The Highett Common precinct is also bringing new housing stock and future growth to the area. Combined with its owner-occupier base, this suggests a suburb building toward its next chapter rather than one that has already peaked.
As we like to say about Highett, the story is still being written. For buyers, that is exactly the point. Getting in now means being part of that next chapter, rather than paying a premium for it later.
Want to Buy Into the Bayside Corridor Before Prices Catch Up?
We work exclusively for buyers, which means our advice on the Highett property market is never influenced by a vendor’s agenda. If you are considering Highett, Sandringham, Beaumaris, Cheltenham, Seaford, or anywhere across the Bayside corridor, send us a message and we can talk through what is currently available.
Frequently Asked Questions
Is Highett a good suburb to buy property in right now? Yes. The Highett property market currently offers strong value compared to neighbouring Sandringham, with genuine demand shown by high clearance rates on units.
How does Highett compare to Sandringham for property prices? Highett’s three-bedroom median currently sits at $1.31 million, compared to $1.7 million in Sandringham. Both suburbs sit in the same Bayside corridor, but Highett offers a lower entry point.
What is driving demand in the Highett property market? A mix of lifestyle amenities such as the Kingston Farmers Market and Bad Shepherd Brewing Co, strong owner-occupier rates, and new development through the Highett Common precinct are all contributing to demand.
Is Highett mostly owner-occupiers or investors? Owner-occupiers make up 71 percent of the suburb, which points to a stable, settled community.
Explore More Bayside Suburbs
- Sandringham Property Market
- Beaumaris Property Market
- Cheltenham Property Market
- Seaford Property Market
