Popular suburbs for knockdown rebuilds near Camberwell

With its proximity to some of Melbourne’s most established suburbs, Camberwell is surrounded by areas showing strong housing demand, consistent rental growth, and family-friendly infrastructure. Here are some nearby suburbs where knockdown rebuilds are gaining traction.

Hawthorn

With approximately 22322 residents and a median weekly asking rent of $870, Hawthorn combines heritage architecture with long-term value growth. The suburb spans approximately 5.7 km², featuring 28 schools, 10 childcare centres, and excellent transport access. Many properties sit on older foundations or smaller post-war blocks, perfect for homeowners wanting to demolish and rebuild a new luxury residence that blends modern sustainability with the area’s established elegance.

Glen Iris

Home to approximately 26,000 people and spanning 7 km², Glen Iris is renowned for its strong family demographic and high demand for quality housing. The suburb comprises 11 schools, 20 parks, and over 8,500 dwellings, with a median weekly rent of $880. Rebuilding here allows owners to reimagine older single-storey homes into contemporary designs that make better use of premium land and local lifestyle benefits close to Melbourne’s inner east.

Ashburton

Ashburton’s 8,000 residents enjoy a community of parks, cafés, and excellent schools across 3 km². Its 6 schools, 9 childcare centres, and median rent near $750 create steady property demand. Many blocks still host mid-century homes ready for redevelopment. Carlisle’s knockdown rebuild process lets homeowners transform these dated layouts into energy-efficient family homes tailored to today’s living standards.

Surrey Hills

With 13,000 residents and a median rent of $820 per week, Surrey Hills combines character-filled streetscapes with growing redevelopment potential. The suburb’s 8 schools, 15 parks, and 4.8 km² of family-oriented living make it ideal for rebuilding classic weatherboard or Edwardian homes. Homeowners see a significant return when replacing ageing stock with personalised homes that meet modern structural, aesthetic, and environmental standards.

Balwyn

Balwyn remains one of Melbourne’s most aspirational suburbs, housing around 21302 residents within 5 km². The area features 12 schools, 5 childcare centres, and median weekly rent of $850. Its generous block sizes and established amenities attract families seeking to rebuild older homes for multi-generational living. Rebuilding here enhances long-term property value and aligns perfectly with Balwyn’s reputation for quality and prestige.

Balwyn North

Balwyn North spans 6.5 km² with more than 21,000 residents and a median rent of $850 per week. The suburb’s 9 schools, 10 parks, and large allotments, often between 700–900 m², make it a top location for new family homes or dual-occupancy projects. With many dwellings built before 1980, knockdown rebuilds are becoming a key trend among homeowners modernising while retaining access to elite schools and green spaces.

Canterbury

Covering just 2.5 km², Canterbury is small in size but high in prestige, with a median rent exceeding $900 and 6 local schools. Its heritage streetscapes and established gardens create an ideal backdrop for architecturally balanced rebuilds that merge tradition with energy-efficient design. Many families here rebuild to enhance liveability while preserving the character that defines one of Melbourne’s most admired suburbs.

Malvern

Malvern’s 9929 residents enjoy close proximity to the CBD and a blend of heritage homes and new developments. The suburb spans 8 km², featuring 8 schools, established transport links, and a median rent of around $850. Demand for modern family residences continues to rise, making knockdown rebuilds a cost-effective alternative to extensive renovations while retaining Malvern’s leafy elegance and connectivity.

Hawthorn East

With around 14,000 residents spread over 3.9 km², Hawthorn East combines lifestyle convenience with premium property values. It includes 7 schools, 8 childcare centres, and 12 parks, with median rent near $880 per week. Rebuild opportunities are driven by ageing homes and limited vacant land, making this suburb ideal for homeowners upgrading to modern, energy-efficient homes close to Camberwell Junction.

Burwood

Burwood’s 16,000 residents benefit from the suburb’s balanced mix of education, green space, and connectivity. With 6 schools, 5 km² of land, and a median rent of $720 per week, it’s increasingly attractive to families modernising older dwellings. A knockdown rebuild here enables residents to maximise block potential while staying close to established infrastructure, Deakin University, and shopping amenities.

Visit our display homes at Bankside, Rowville, just 25 minutes from Camberwell. Explore our award-winning designs and discover why so many homeowners trust Carlisle for their knockdown rebuild projects.