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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.

Top 20 Growth Suburbs Melbourne, December QTR.

SuburbDec-16 MedianSep-16 MedianQuarterly Change
RINGWOOD EAST$900,000$717,00025.50%
CAULFIELD SOUTH$1,807,500$1,450,00024.70%
TOORAK$4,762,500$3,900,00022.10%
BRIGHTON$2,740,000$2,245,00022.00%
ARMADALE$2,460,000$2,020,00021.80%
BROADMEADOWS$481,000$397,00021.20%
PRAHRAN$1,685,000$1,394,00020.90%
MOONEE PONDS$1,235,000$1,030,00019.90%
BOX HILL SOUTH$1,316,000$1,101,00019.50%
MACLEOD$925,000$775,00019.40%
HAWTHORN$2,470,000$2,080,00018.80%
THOMASTOWN$567,000$477,50018.70%
RINGWOOD NORTH$950,500$815,00016.60%
DONCASTER$1,398,000$1,202,50016.30%
DROMANA$659,000$566,75016.30%
UPWEY$645,000$555,00016.20%
NARRE WARREN SOUTH$577,500$500,00015.50%
LALOR$560,000$487,00015.00%
SPRINGVALE$727,500$635,00014.60%
MOUNT MARTHA$945,000$825,00014.50%

Top 20 Growth Suburbs Melbourne, September QTR.

SuburbSep-16 MedianJun-16 MedianQuarterly Change
LANGWARRIN$561,000$467,55020.00%
WILLIAMSTOWN$1,353,750$1,140,50018.70%
SEAFORD$605,500$516,50017.20%
FOOTSCRAY$855,000$745,00014.80%
FRANKSTON$504,000$440,00014.50%
MALVERN EAST$1,914,000$1,681,00013.90%
KEW$2,153,500$1,907,50012.90%
BRUNSWICK$1,056,000$935,00012.90%
GLEN WAVERLEY$1,290,000$1,150,00012.20%
ALTONA NORTH$788,000$702,50012.20%
DINGLEY VILLAGE$855,000$763,50012.00%
SOUTH MORANG$550,750$495,00011.30%
WERRIBEE$395,000$355,00011.30%
TEMPLESTOWE LOWER$1,200,000$1,080,00011.10%
BEAUMARIS$1,545,000$1,402,50010.20%
HAMPTON PARK$430,000$392,5009.60%
BENTLEIGH EAST$1,160,000$1,060,0009.40%
PASCOE VALE$802,000$734,5009.20%
WHEELERS HILL$1,069,400$980,0009.10%
VERMONT SOUTH$1,150,000$1,055,0009.00%

Top 20 Growth Suburbs Melbourne, June QTR.

BRIGHTON$2,715,000$2,030,00033.70%
MOONEE PONDS$1,265,000$1,035,00022.20%
HILLSIDE$600,000$505,00018.80%
NORTHCOTE$1,170,000$990,00018.20%
TOORAK$4,500,000$3,900,00015.40%
ST ALBANS$529,250$462,00014.60%
WILLIAMSTOWN$1,155,000$1,010,50014.30%
RICHMOND$1,222,500$1,072,00014.00%
CAMBERWELL$2,146,250$1,890,00013.60%
PRAHRAN$1,370,000$1,210,50013.20%
SUNSHINE WEST$520,000$462,50012.40%
SUNBURY$412,500$371,25011.10%
AVONDALE HEIGHTS$792,500$720,00010.10%
ROXBURGH PARK$425,000$387,5009.70%
SURREY HILLS$1,835,000$1,676,0009.50%
WYNDHAM VALE$385,000$352,5009.20%
SOUTH MORANG$503,000$461,0009.10%
COBURG$870,000$800,0008.70%
CRANBOURNE NORTH$455,000$420,1308.30%
GREENVALE$650,000$600,0008.30%

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