Docklands apartment values held steady through the September quarter. Like-for-like prices were flat: two-bedroom apartments traded at a median of $620,000 (June quarter: $619,500) and one-bedroom apartments at $390,000 (June: $387,500). The all-property median dipped to $529,000, but only because the quarter recorded just 6 three-bedroom sales against 16 in June. Buyers took longer to commit, while rentals continued to lease quickly at firm asking rents.
- Two-bedroom median of $620,000 and one-bedroom median of $390,000 — both within 1% of the June quarter.
- Homes sold in a median 49 days, up from 39 in June — buyers are taking their time.
- A late-reported $1.4 million sale at Marina, 8 Pearl River Road, led the quarter; Concavo and Banksia each recorded two top-ten sales.
- Rentals leased in a median 18 days, down from 28 a year ago, with two-bedroom asking rents at $800 per week.
| Metric | Docklands (3008) |
|---|---|
| Market Trend | Steady — like-for-like prices flat |
| Buyer Demand | Moderate — campaigns lengthening |
| Rental Demand | Very Strong |
Gross rental yields across Docklands run from about 6.7% on two-bedroom apartments up to approximately 8.0% on one-bedroom stock — firm cash returns for waterfront living on the edge of the CBD.
Top 10 sales, Q3 2026
| Address | Price | Beds | Bath | Car |
|---|---|---|---|---|
| 4002/8 Pearl River Road | $1,400,000 | 3 | 3 | 3 |
| 1102/9 Waterside Place | $1,275,000 | 3 | 2 | 2 |
| 25/9 Waterside Place | $1,255,000 | 2 | 2 | 2 |
| 801/20 Rakaia Way | $1,200,000 | 3 | 2 | 2 |
| 408/2 Glenti Place | $1,180,000 | 2 | 2 | 2 |
| 112/55 Victoria Harbour Promenade | $1,160,000 | 2 | 2 | 1 |
| 406/2 Glenti Place | $1,150,000 | 2 | 2 | 2 |
| 803/70 Lorimer Street | $1,060,000 | 2 | 2 | 2 |
| 1107/2 NewQuay Promenade | $1,050,000 | 3 | 2 | 1 |
| 2103/1 Point Park Crescent | $1,000,000 | 2 | 2 | 2 |
Source: PriceFinder Sales Search, Docklands VIC 3008. Sales dated July–September 2026 with price disclosed, as reported at 2 October 2026, plus one late-reported sale (4002/8 Pearl River Road) confirmed by Dingle Partners and not yet included in the PriceFinder data or this report’s medians. Excludes sales without bed/bath data and one agent-advised record pending verification. For a full property report on any of these sales, contact Mark directly.
Market comment
A late-reported sale took the top spot: a $1.4 million three-bedroom, three-bathroom apartment with three car spaces at Marina, 8 Pearl River Road. Concavo at 9 Waterside Place followed with two of the top ten — a $1.275 million three-bedroom and a $1.255 million two-bedroom apartment — and Banksia at 2 Glenti Place also recorded two, both two-bedroom, two-car apartments above $1.15 million. Arkley (20 Rakaia Way), Dock 5 (55 Victoria Harbour Promenade), Yarra’s Edge (70 Lorimer Street), Condor (2 NewQuay Promenade) and Yarra Point (1 Point Park Crescent) completed the list. The top end is tightly grouped: every result sat between $1 million and $1.4 million, and two-bedroom apartments with two car spaces made up half of the list.
Market activity
Measured on bedroom-matched medians, Docklands prices have been steady for more than a year: two-bedroom apartments have traded between $614,000 and $645,000 in every quarter since mid-2025, and one-bedroom medians between $387,500 and $430,000. The change this quarter was pace — typical time-to-sell lengthened to 49 days from 39.
The all-property median of $529,000 (June: $585,000) reflects the mix of stock that sold rather than a change in values: three-bedroom apartments, which trade above $1 million, made up only 6 of 117 sales this quarter. Around 79% of sales fell in the $350,000–$850,000 bracket, and activity was most concentrated on Collins Street, Flinders Street and Harbour Esplanade.
One-bedroom apartments at a median $390,000, leasing at $600 a week, deliver a gross yield of 8.0%. With prices flat and asking rents up 3.4% on a year ago, Docklands’ entry-level stock continues to offer some of the best cash-flow returns in the inner city.
Rental market
Docklands rentals remain in strong demand. The median listing leased in 18 days this quarter, compared with 28 days a year earlier. Asking rents have held at a high level: two-bedroom apartments at $800 per week (from $780 a year ago) and one-bedroom apartments at $600 (from $580).
Measured against current sale prices, that puts gross rental yields at roughly 8.0% for one-bedroom apartments and 6.7% for two-bedroom apartments.
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Community — what’s on in October
On-water and land displays across New Quay Promenade and Harbour Esplanade. Free entry — register online for prize draws.
Video games, tabletop and esports across the city, with PAX Aus filling the Melbourne Convention and Exhibition Centre at South Wharf from 9 to 11 October.
Free opening-weekend program at Fed Square, including a Rebirth Brass Band second-line street party on Saturday 17 October from 1pm. Festival runs to 25 October.
Runway shows, designer showcases and more than 100 free and ticketed events across the city.
Dates as published by organisers at 2 October 2026 — check event websites before attending.
Figures are medians from PriceFinder sales and rental listing data for Docklands (postcode 3008), July–September 2026, with information cut off 2 October 2026. Gross yield = median weekly asking rent × 52 ÷ median sale price, same quarter and bedroom count. Dingle Partners operates six inner-city offices — for a free appraisal of your property, get in touch.