Top retail suburbs in Melbourne

Demand 10/10: Smith Street and Gertrude Street set the national benchmark for independent hospitality density and customer quality.

Demand 10/10: Chapel Street premium strip attracts highest average spend per customer in Melbourne outside the CBD.

Demand 9/10: coastal premium with strong tourist and residential mix.

Demand 9/10: Swan Street and Bridge Road draw high-spending residential and sporting-event crowds.

Demand 9/10: Smith Street spill-over from Fitzroy; arts and creative professional concentration drives strong weekend trade.

Demand 9/10: Lygon Street institution; university density drives consistent daytime demand.

Demand 9/10: positioned between South Yarra and St Kilda; captures premium catchment at lower rents than its neighbours.

Demand 9/10: Sydney Road creative corridor with a loyal independent retail and café culture.

Demand 8/10: High Street improving rapidly; early-mover advantage still available before rents catch demographics.

Demand 8/10: rapid demographic shift brings professional population and higher spending power to a historically value-positioned market.

Demand 8/10: High Street growth strip; younger professional demographic with above-average café spending.

Demand 8/10: Burke Road premium corridor with established professional base and strong weekend trade.

Demand 8/10: professional enclave with one of the highest household incomes in Melbourne; underserved for premium hospitality.

Demand 8/10: best rent-to-foot-traffic ratio in Melbourne east; Asian market concentration is a structural advantage.

Demand 8/10: tourist and office weekend trade strong, but weekday residential population is thinner than rent implies.

Demand 7/10: fast-growing southeast growth corridor with underserved commercial strip.

Demand 10/10: maximum foot traffic, but $25,000+ rent requires extreme volume and execution precision.

Demand 6/10: Nelson Place weekend tourism plus bayside residents — winter needs local loyalty.

Demand 7/10: Anderson Street village identity drives repeat locals; total catchment caps large-format hospitality.

Demand 6/10: western growth corridor with real infrastructure investment but commercial maturity is years away.

Demand 7/10: southeast outer suburb with growing residential population and improving commercial strip.

Demand 8/10: a large south-east family suburb of 50,298 combining a historic High Street village with the Eden Rise centre and the Berwick (Pakenham-line) station — a settled, family-heavy, owner-leaning base (80.8% family households; 74.7% owned) with a growing Indian-and-Sri-Lankan community (7.4% Indian ancestry).

Demand 6/10: gateway to the Mornington Peninsula; beach tourism creates seasonal trade but year-round revenue base is thin.

Demand 7/10: Puckle Street village loyalty supports repeat-local formats; event-day tourism is additive not sufficient alone.

Demand 8/10: Lygon Street creative spillover with strong brunch culture.

Demand 7/10: an affluent, settled north-east village on Upper Heidelberg Road, anchored by Ivanhoe station on the Hurstbridge line, with a high-income, professional, owner-occupier base (median household income $2,232/week, 40.7% professionals) across 13,374 residents — strong quality demand at a village rather than major-centre scale.

Demand 9/10: anchored by Monash University's flagship Clayton campus — part of an 86,558-student institution (2023) — plus Monash Medical Centre and the adjacent research precinct (Australian Synchrotron, CSIRO), giving Clayton one of the largest daytime catchments in suburban Melbourne against a transient resident base of 18,988 (median age 28, 60.7% renting).

Demand 6/10: improving western suburb; lower household income limits premium pricing.

Demand 7/10: an established bayside village of 8,886 on the Frankston line, 24km south-east of the CBD — a Main Street strip, a Frankston-line station, and the foreshore, pier and creek adding a weekend-and-summer draw to a comfortable, owner-leaning local base (68.3% owned; household income $2,037/week).

Demand 8/10: Glenferrie Road delivers strong weekday lunch and weekend brunch from affluent catchment.