Docklands vs Melbourne

Melbourne (median $381,000) is roughly 13% cheaper to buy into than Docklands ($440,000).

Buying in Docklands or Melbourne?

The free buying guide: what you can really spend, the schemes and stamp duty in your state, inspecting, and making the offer.
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Selling in Docklands? The free selling guide

Docklands and Melbourne side by side

MeasureDocklandsMelbourne
Price and market
Median house$440,000$381,000
Median unit$585,000$567,500
Renting
Unit rent$763/wk–
Owner occupied30.0%26.0%
Renter occupied67.0%71.0%
Schools
Schools nearby2020
Average ICSEA10771042
Lifestyle and people
Walk score100100
Transit score100100
Bike score100100
Population15,49554,941
Median age3229
Climate
Annual rainfall582 mm582 mm
Mean max, January26.9°C26.9°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

On school quality, the average ICSEA across schools serving Docklands (1077) sits above Melbourne (1042).

For buyers
Melbourne is the lower entry point at $381,000 median, 13% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Rental or growth data is incomplete for one or both suburbs. Look at the full investor view on each suburb profile for a complete picture.
For families
Docklands edges out on average school ICSEA (1077 vs 1042). Docklands also has a higher family-household share (51% vs 38%), so the catchment community skews family-heavy.

Docklands vs Melbourne: common questions

Is Docklands or Melbourne cheaper to buy in?

Melbourne has the lower median house price at $381,000, roughly 13% below Docklands ($440,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Does Docklands or Melbourne have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Docklands scores 1077 vs 1042 in Melbourne. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.