It is bound by Ivanhoe East to the west, Heidelberg, Viewbank and Templestowe Lower to the north and Doncaster to the east.
Users of the Eastern Freeway pass Bulleen when the pass the Thompsons Road and Bulleen Road exists.
The lack of a train station in Bulleen has affected the quality of homes built in the area, with very few Federation homes, but a large array of 1960s, and 1970s brick veneers.
According to the REIV, Bulleen’s median house price for the year ended December 31, 2007, is $605,000, up 31.5 per cent since last year.
By comparison, median values increased 12.6 per cent for homes in metropolitan Melbourne, to $425,000.
The REIV annualised median figures are considered more statistically reliable than the quarterly figures released throughout the year, because they include a much greater sample of sold properties.