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Growth Suburbs Melbourne

Top 20 Growth Suburbs, June Qtr. 

real estate market update

 

Melbourne is officially the fastest growing capital city in Australia, with about 1760 people moving to the Victorian capital each week. The city added 830,000 residents over the past ten years. Below, the top 20 fastest growing suburbs based on median house price growth over April, May & June.

Suburb Jun-17 Median Mar-17 Median Quarterly Change
CROYDON $810,000 $672,500 20.40%
DONCASTER EAST $1,441,000 $1,210,000 19.10%
MALVERN EAST $2,025,000 $1,725,000 17.40%
BROADMEADOWS $540,000 $460,000 17.40%
DEER PARK $590,550 $505,000 16.90%
BEAUMARIS $1,690,000 $1,475,000 14.60%
ROXBURGH PARK $513,500 $450,000 14.10%
MELTON WEST $397,000 $348,000 14.10%
TEMPLESTOWE LOWER $1,330,000 $1,170,750 13.60%
MERNDA $521,250 $460,000 13.30%
FRANKSTON NORTH $470,000 $416,500 12.80%
RINGWOOD $947,500 $847,000 11.90%
TOORAK $4,750,000 $4,250,000 11.80%
KEILOR EAST $860,000 $770,000 11.70%
DONCASTER $1,500,000 $1,346,750 11.40%
WHEELERS HILL $1,130,000 $1,017,500 11.10%
GLENROY $793,000 $714,000 11.10%
WYNDHAM VALE $450,000 $406,000 10.80%
DANDENONG $625,000 $565,000 10.60%
SEAFORD $731,000 $662,500 10.30%

Top 20 Growth Suburbs Melbourne, June QTR.

BRIGHTON $2,715,000 $2,030,000 33.70%
MOONEE PONDS $1,265,000 $1,035,000 22.20%
HILLSIDE $600,000 $505,000 18.80%
NORTHCOTE $1,170,000 $990,000 18.20%
TOORAK $4,500,000 $3,900,000 15.40%
ST ALBANS $529,250 $462,000 14.60%
WILLIAMSTOWN $1,155,000 $1,010,500 14.30%
RICHMOND $1,222,500 $1,072,000 14.00%
CAMBERWELL $2,146,250 $1,890,000 13.60%
PRAHRAN $1,370,000 $1,210,500 13.20%
SUNSHINE WEST $520,000 $462,500 12.40%
SUNBURY $412,500 $371,250 11.10%
AVONDALE HEIGHTS $792,500 $720,000 10.10%
ROXBURGH PARK $425,000 $387,500 9.70%
SURREY HILLS $1,835,000 $1,676,000 9.50%
WYNDHAM VALE $385,000 $352,500 9.20%
SOUTH MORANG $503,000 $461,000 9.10%
COBURG $870,000 $800,000 8.70%
CRANBOURNE NORTH $455,000 $420,130 8.30%
GREENVALE $650,000 $600,000 8.30%

For more info on the Melbourne Real Estate Market check our Wise Market Update.