Fastest Growing Suburbs In Melbourne

Wise Real Estate Advice - Buyer Agents Melbourne > Fastest Growing Suburbs In Melbourne

Dec 2023

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb	Dec-23 Median	Sep-23 Median	Quarterly Change
FITZROY NORTH	$2,112,750	$1,465,000	44.2%
FRANKSTON SOUTH	$1,420,000	$1,018,000	39.5%
LILYDALE	$1,025,000	$850,000	20.6%
PORT MELBOURNE	$1,850,000	$1,579,000	17.2%
SOUTH YARRA	$2,388,000	$2,052,500	16.3%
MORNINGTON	$1,220,000	$1,060,000	15.1%
GREENSBOROUGH	$1,075,000	$960,000	12.0%
RINGWOOD NORTH	$1,388,000	$1,245,000	11.5%
MOONEE PONDS	$1,610,000	$1,449,000	11.1%
FOREST HILL	$1,325,000	$1,200,000	10.4%
CAMBERWELL	$2,555,500	$2,319,000	10.2%
GREENVALE	$880,000	$800,000	10.0%
MANOR LAKES	$660,000	$600,000	10.0%
MALVERN EAST	$2,277,500	$2,090,000	9.0%
WHEELERS HILL	$1,594,000	$1,465,000	8.8%
DIAMOND CREEK	$990,000	$910,000	8.8%
NARRE WARREN SOUTH	$870,000	$800,000	8.7%
MOUNT MARTHA	$1,571,000	$1,450,000	8.3%
DANDENONG NORTH	$771,000	$714,000	8.0%
WANTIRNA	$1,245,335	$1,160,000	7.4%

Sep 2023

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb	Sep-23 Median	Jun-23 Median	Quarterly Change
KEYSBOROUGH	$1,002,500	$885,750	13.2%
RYE	$1,170,000	$1,035,000	13.0%
RINGWOOD EAST	$1,100,000	$980,000	12.2%
BRIGHTON EAST	$2,720,000	$2,434,444	11.7%
NORTHCOTE	$1,750,000	$1,570,000	11.5%
FERNTREE GULLY	$950,000	$856,000	11.0%
WANTIRNA SOUTH	$1,353,500	$1,220,000	10.9%
ELTHAM	$1,295,000	$1,171,500	10.5%
PASCOE VALE	$1,225,000	$1,111,250	10.2%
CRANBOURNE NORTH	$750,500	$682,000	10.0%
DONVALE	$1,650,000	$1,500,000	10.0%
HEATHMONT	$1,165,250	$1,059,000	10.0%
MALVERN EAST	$2,089,444	$1,907,500	9.5%
LANGWARRIN	$850,000	$780,000	9.0%
CRANBOURNE	$695,000	$640,000	8.6%
NEWPORT	$1,262,500	$1,165,000	8.4%
AVONDALE HEIGHTS	$982,500	$910,000	8.0%
BURWOOD	$1,514,000	$1,401,501	8.0%
ASCOT VALE	$1,387,500	$1,288,000	7.7%
COBURG	$1,225,000	$1,140,000	7.5%

Jun 2023

Suburb	Jun-23 Median	Mar-23 Median	Quarterly Change
TOORAK	$6,500,000	$5,300,000	22.6%
CHIRNSIDE PARK	$990,000	$841,250	17.7%
MULGRAVE	$1,135,000	$970,000	17.0%
MITCHAM	$1,200,000	$1,027,500	16.8%
BEAUMARIS	$2,100,000	$1,850,000	13.5%
YARRAVILLE	$1,180,000	$1,045,000	12.9%
ELTHAM	$1,180,000	$1,050,000	12.4%
DONCASTER	$1,595,000	$1,430,000	11.5%
SUNSHINE WEST	$722,500	$648,000	11.5%
BLACKBURN	$1,650,000	$1,508,000	9.4%
CAROLINE SPRINGS	$755,000	$690,000	9.4%
WANTIRNA SOUTH	$1,220,000	$1,118,000	9.1%
MOONEE PONDS	$1,727,500	$1,586,250	8.9%
DONCASTER EAST	$1,705,000	$1,566,000	8.9%
PORT MELBOURNE	$1,915,000	$1,767,500	8.3%
WILLIAMSTOWN	$1,430,000	$1,320,000	8.3%
NARRE WARREN	$730,000	$675,000	8.1%
ROWVILLE	$1,103,500	$1,031,000	7.0%
CRANBOURNE WEST	$679,000	$635,000	6.9%
MILL PARK	$793,500	$742,750	6.8%

Dec 2022

Suburb	Dec-22 Median	Sep-22 Median	Quarterly Change
TOORAK	$5,550,000	$4,400,000	26.1%
MALVERN EAST	$2,250,000	$1,785,000	26.1%
FRANKSTON SOUTH	$1,350,000	$1,100,000	22.7%
MULGRAVE	$1,152,500	$965,000	19.4%
MITCHAM	$1,195,000	$1,021,000	17.0%
HEATHMONT	$1,133,500	$969,500	16.9%
HAMPTON	$2,185,000	$1,890,000	15.6%
CAMBERWELL	$2,732,500	$2,415,450	13.1%
RICHMOND	$1,450,000	$1,310,000	10.7%
CAROLINE SPRINGS	$777,500	$707,500	9.9%
CHIRNSIDE PARK	$980,000	$898,650	9.1%
SURREY HILLS	$2,350,000	$2,166,500	8.5%
WOLLERT	$738,000	$680,000	8.5%
FERNTREE GULLY	$869,750	$802,500	8.4%
WILLIAMSTOWN	$1,820,000	$1,680,000	8.3%
WHEELERS HILL	$1,409,750	$1,305,000	8.0%
BENTLEIGH	$1,750,000	$1,622,500	7.9%
BRIGHTON	$3,200,000	$2,975,000	7.6%
NORTHCOTE	$1,716,000	$1,600,000	7.3%
MOUNT MARTHA	$1,758,000	$1,650,000	6.5%

Sep 2022

Suburb	Sep-22 Median	Jun-22 Median	Quarterly Change
WILLIAMSTOWN	$1,650,000	$1,518,750	8.6%
CLYDE NORTH	$790,000	$730,000	8.2%
LILYDALE	$930,000	$865,000	7.5%
SURREY HILLS	$2,166,500	$2,040,000	6.2%
TRUGANINA	$680,000	$647,500	5.0%
SUNBURY	$720,000	$691,000	4.2%
MOUNT WAVERLEY	$1,592,500	$1,531,000	4.0%
KEYSBOROUGH	$1,010,000	$980,000	3.1%
POINT COOK	$792,500	$770,000	2.9%
LANGWARRIN	$863,000	$840,000	2.7%
FRASER RISE	$742,000	$730,000	1.6%
WYNDHAM VALE	$590,000	$582,500	1.3%
BURWOOD	$1,400,000	$1,386,500	1.0%
MICKLEHAM	$690,000	$685,000	0.7%
COBURG	$1,220,000	$1,215,000	0.4%
CHIRNSIDE PARK	$907,300	$915,000	-0.8%
NARRE WARREN SOUTH	$830,000	$837,500	-0.9%
KEW	$2,887,500	$2,920,000	-1.1%
TEMPLESTOWE LOWER	$1,360,000	$1,375,000	-1.1%
KALKALLO	$645,000	$652,000	-1.1%

Jun 2022

Suburb	Jun-22 Median	Mar-22 Median	Quarterly Change
TOORAK	$5,550,000	$4,200,000	32.1%
ST KILDA	$1,945,000	$1,572,500	23.7%
KEW	$2,960,500	$2,585,000	14.5%
HAMPTON	$2,515,000	$2,200,000	14.3%
GREENVALE	$1,000,000	$880,000	13.6%
RINGWOOD	$1,153,000	$1,028,263	12.1%
MACLEOD	$1,254,000	$1,125,000	11.5%
CAROLINE SPRINGS	$850,500	$775,000	9.7%
ALBERT PARK	$2,526,000	$2,310,000	9.4%
YARRAVILLE	$1,476,000	$1,350,000	9.3%
BALWYN NORTH	$2,360,000	$2,177,000	8.4%
WYNDHAM VALE	$580,000	$537,500	7.9%
PORT MELBOURNE	$2,000,000	$1,867,500	7.1%
BEAUMARIS	$2,236,000	$2,090,000	7.0%
DOREEN	$800,000	$751,000	6.5%
BORONIA	$906,000	$855,000	6.0%
SUNBURY	$691,000	$652,500	5.9%
MICKLEHAM	$682,500	$646,000	5.7%
BRUNSWICK	$1,387,500	$1,313,500	5.6%
HILLSIDE	$835,000	$795,500	5.0%

Mar 2022

MARCH – Top Growth Suburbs by Median House Price

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb	Mar-22 Median	Dec-21 Median	Quarterly Change
MORNINGTON	$1,367,000	$1,151,000	18.8%
RYE	$1,300,000	$1,100,000	18.2%
BRIGHTON	$3,500,000	$3,037,500	15.2%
CHELTENHAM	$1,472,500	$1,322,000	11.4%
MOUNT MARTHA	$2,000,000	$1,815,000	10.2%
MOUNT ELIZA	$2,030,000	$1,850,000	9.7%
BERWICK	$966,750	$897,500	7.7%
WANTIRNA SOUTH	$1,335,500	$1,250,000	6.8%
GLENROY	$937,500	$877,500	6.8%
TARNEIT	$660,000	$618,000	6.8%
ESSENDON	$1,990,000	$1,867,500	6.6%
NEWPORT	$1,390,000	$1,312,500	5.9%
OFFICER	$720,000	$682,500	5.5%
ELWOOD	$2,490,000	$2,369,000	5.1%
WOLLERT	$740,000	$705,000	5.0%
CRANBOURNE	$682,000	$650,000	4.9%
RESERVOIR	$1,010,000	$964,000	4.8%
DIAMOND CREEK	$1,101,000	$1,053,500	4.5%
HOPPERS CROSSING	$642,500	$615,000	4.5%
MALVERN EAST	$2,410,000	$2,315,000	4.1%

Dec 2021

DECEMBER – Top Growth Suburbs by Median House Price

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb	Dec-21 Median	Sep-21 Median	Quarterly Change
IVANHOE	$2,100,000	$1,665,000	26.1%
CAULFIELD NORTH	$2,703,000	$2,151,750	25.6%
WEST FOOTSCRAY	$1,184,250	$943,500	25.5%
ASHBURTON	$2,220,000	$1,867,500	18.9%
SORRENTO	$2,801,000	$2,357,500	18.8%
MELTON SOUTH	$510,000	$430,750	18.4%
ROSEBUD	$940,000	$795,000	18.2%
PORT MELBOURNE	$1,935,000	$1,651,000	17.2%
KEW	$2,584,400	$2,215,000	16.7%
NORTH MELBOURNE	$1,400,000	$1,225,000	14.3%
HAWTHORN	$2,955,000	$2,615,000	13.0%
BRUNSWICK EAST	$1,420,500	$1,262,500	12.5%
MACLEOD	$1,300,000	$1,156,000	12.5%
MALVERN EAST	$2,282,500	$2,030,000	12.4%
BULLEEN	$1,525,000	$1,360,000	12.1%
CHADSTONE	$1,410,000	$1,260,000	11.9%
SEAFORD	$895,000	$803,000	11.5%
MOUNT ELIZA	$1,855,000	$1,670,000	11.1%
FITZROY NORTH	$1,907,500	$1,720,000	10.9%
CAROLINE SPRINGS	$826,500	$745,000	10.9%

Jun 2021

JUNE – Top Growth Suburbs by Median House Price

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

KEYSBOROUGH	$1,100,000	$902,000	22.0%
BEAUMARIS	$2,270,000	$1,947,500	16.6%
FRANKSTON SOUTH	$1,250,000	$1,080,000	15.7%
FERNTREE GULLY	$968,000	$840,000	15.2%
KEILOR EAST	$1,050,000	$927,000	13.3%
CAMBERWELL	$2,876,000	$2,565,000	12.1%
MOUNT MARTHA	$1,822,500	$1,630,000	11.8%
RICHMOND	$1,655,000	$1,480,000	11.8%
BRIGHTON EAST	$2,525,000	$2,265,000	11.5%
WANTIRNA SOUTH	$1,305,000	$1,180,000	10.6%
PRESTON	$1,310,000	$1,190,000	10.1%
GREENVALE	$885,000	$811,500	9.1%
ELTHAM	$1,295,000	$1,187,900	9.0%
COBURG	$1,410,000	$1,295,000	8.9%
NARRE WARREN	$760,750	$702,000	8.4%
BALWYN	$2,865,000	$2,650,000	8.1%
DOREEN	$775,000	$717,500	8.0%
BALWYN NORTH	$2,350,000	$2,180,000	7.8%
ESSENDON	$1,941,000	$1,801,000	7.8%
YARRAVILLE	$1,240,000	$1,150,000	7.8%

Mar 2021

MARCH – Top Growth Suburbs by Median House Price

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb	Mar-21 Median	Dec-20 Median	Quarterly Change
TOORAK	$5,650,000	$4,455,000	26.8%
HAWTHORN	$2,655,000	$2,160,000	22.9%
BULLEEN	$1,360,000	$1,108,500	22.7%
KEW	$2,884,500	$2,355,000	22.5%
WANTIRNA SOUTH	$1,193,250	$1,000,000	19.3%
HAMPTON	$2,580,500	$2,172,500	18.8%
MOUNT MARTHA	$1,640,000	$1,385,000	18.4%
MITCHAM	$1,257,500	$1,072,500	17.2%
TEMPLESTOWE	$1,650,000	$1,410,000	17.0%
BRUNSWICK	$1,310,000	$1,120,000	17.0%
BENTLEIGH	$1,677,750	$1,437,000	16.8%
PORT MELBOURNE	$1,900,000	$1,630,500	16.5%
MOUNT EVELYN	$825,000	$708,000	16.5%
CAMBERWELL	$2,435,000	$2,100,000	16.0%
WILLIAMSTOWN	$1,507,500	$1,300,000	16.0%
PASCOE VALE	$1,101,250	$950,000	15.9%
SUNBURY	$652,000	$570,000	14.4%
SURREY HILLS	$2,208,250	$1,932,500	14.3%
MOUNT WAVERLEY	$1,500,000	$1,312,000	14.3%
RESERVOIR	$930,000	$815,500	14.0%

Dec 2020

DECEMBER – Top Growth Suburbs by Median House Price

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb	Dec-20 Median	Sep-20 Median	Quarterly Change
MALVERN EAST	$2,185,000	$1,700,000	28.5%
MOUNT ELIZA	$1,710,000	$1,340,000	27.6%
ESSENDON	$1,657,500	$1,307,500	26.8%
FITZROY NORTH	$1,596,000	$1,300,000	22.8%
SORRENTO	$2,000,000	$1,645,000	21.6%
CAMBERWELL	$2,120,000	$1,751,545	21.0%
BENTLEIGH EAST	$1,322,000	$1,100,000	20.2%
BALWYN	$2,300,000	$1,930,000	19.2%
MITCHAM	$1,075,000	$902,000	19.2%
CANTERBURY	$3,250,000	$2,749,000	18.2%
MOUNT MARTHA	$1,400,000	$1,195,000	17.2%
BURWOOD	$1,300,000	$1,110,000	17.1%
BLACKBURN	$1,550,000	$1,335,000	16.1%
BRUNSWICK	$1,131,000	$975,000	16.0%
MOONEE PONDS	$1,342,500	$1,162,000	15.5%
CHIRNSIDE PARK	$866,250	$750,000	15.5%
CHELTENHAM	$1,196,580	$1,040,000	15.1%
CAULFIELD NORTH	$2,145,500	$1,910,000	12.3%
PASCOE VALE SOUTH	$1,133,000	$1,015,000	11.6%
CROYDON	$807,500	$723,750	11.6%

Jun 2020

JUNE – Top Growth Suburbs by Median House Price

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

CAMBERWELL	$2,300,000	$2,067,500	11.2%
MORNINGTON	$980,000	$900,000	8.9%
MALVERN EAST	$2,015,000	$1,862,500	8.2%
ELTHAM	$1,022,000	$958,750	6.6%
MOUNT ELIZA	$1,365,000	$1,297,500	5.2%
MOUNT WAVERLEY	$1,365,000	$1,304,750	4.6%
FRANKSTON SOUTH	$868,000	$835,000	4.0%
PRESTON	$1,037,898	$1,010,000	2.8%
GREENSBOROUGH	$857,000	$833,750	2.8%
KEW	$2,180,000	$2,150,000	1.4%
WOLLERT	$552,000	$545,500	1.2%
MOUNT MARTHA	$1,220,000	$1,210,000	0.8%
BERWICK	$729,000	$726,000	0.4%

Mar 2020

MARCH – Top Growth Suburbs by Median House Price

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb	Mar-20 Median	Dec-19 Median	Quarterly Change
BRIGHTON	$2,900,000	$2,635,000	10.1%
RINGWOOD	$920,000	$845,525	8.8%
KILSYTH	$719,000	$661,000	8.8%
PORT MELBOURNE	$1,810,000	$1,670,000	8.4%
MORNINGTON	$896,500	$828,000	8.3%
LANGWARRIN	$684,000	$636,500	7.5%
THORNBURY	$1,335,000	$1,250,000	6.8%
LILYDALE	$777,500	$730,000	6.5%
GREENVALE	$779,000	$734,000	6.1%
CRAIGIEBURN	$571,250	$540,000	5.8%
PAKENHAM	$537,000	$510,500	5.2%
CARRUM DOWNS	$581,500	$555,000	4.8%
FRANKSTON	$632,500	$604,000	4.7%
EPPING	$617,500	$590,000	4.7%
WERRIBEE	$532,000	$510,000	4.3%
BENTLEIGH EAST	$1,252,500	$1,202,500	4.2%
MOUNT ELIZA	$1,277,500	$1,230,000	3.9%
RESERVOIR	$850,000	$818,500	3.8%
BORONIA	$756,250	$730,000	3.6%
MERNDA	$576,000	$562,000	2.5%

Dec 2019

DECEMBER – Top Growth Suburbs by Median House Price

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb	Sep-19 Median	Jun-19 Median	Quarterly Change
PRESTON	$1,110,000	$883,000	25.7%
COBURG	$1,020,500	$845,000	20.8%
BEAUMARIS	$1,825,000	$1,520,000	20.1%
MULGRAVE	$881,000	$740,000	19.1%
MOUNT MARTHA	$1,115,000	$954,250	16.8%
CHELTENHAM	$1,050,000	$900,000	16.7%
CAMBERWELL	$2,210,000	$1,904,000	16.1%
BORONIA	$702,000	$613,000	14.5%
LANGWARRIN	$682,000	$595,500	14.5%
DONCASTER	$1,277,500	$1,120,000	14.1%
KEYSBOROUGH	$758,000	$665,000	14.0%
RINGWOOD	$865,500	$762,500	13.5%
BUNDOORA	$770,000	$680,000	13.2%
BALWYN NORTH	$1,725,000	$1,529,000	12.8%
GLEN IRIS	$2,075,000	$1,847,000	12.3%
GLENROY	$718,000	$641,250	12.0%
KEILOR EAST	$895,000	$810,000	10.5%
BENTLEIGH EAST	$1,165,000	$1,060,444	9.9%
ROWVILLE	$860,000	$785,000	9.6%
TEMPLESTOWE LOWER	$1,095,000	$1,000,000	9.5%

FREE: Our founder Mark Ribarsky discusses Melbourne’s fastest growing suburbs in the March 2022 quarter and how rising interest will affect the property market.

Interested in rental vacancy rates? Check out rental vacancy rates Melbourne.

Top 20 Growth Suburbs (UNITS).

Dec QTR 2023

Suburb	Dec-23 Median	Sep-23 Median	Quarterly Change
WANTIRNA SOUTH	$700,000	$510,000	37.3%
TEMPLESTOWE	$880,000	$690,000	27.5%
MALVERN EAST	$630,500	$495,000	27.4%
MURRUMBEENA	$700,000	$562,000	24.6%
BALWYN	$1,050,000	$850,000	23.5%
NORTHCOTE	$705,000	$575,000	22.6%
CAULFIELD NORTH	$802,500	$655,000	22.5%
IVANHOE	$895,500	$733,000	22.2%
ESSENDON	$572,500	$470,000	21.8%
EPPING	$509,000	$425,000	19.8%
NEWPORT	$860,000	$730,000	17.8%
ASCOT VALE	$630,000	$540,000	16.7%
MELBOURNE	$526,000	$452,000	16.4%
CAMBERWELL	$899,000	$775,000	16.0%
BOX HILL	$555,000	$479,500	15.7%
FRANKSTON	$525,000	$455,000	15.4%
ST KILDA	$600,000	$524,000	14.5%
BRIGHTON EAST	$1,511,250	$1,325,000	14.1%
PORT MELBOURNE	$827,500	$726,000	14.0%
SANDRINGHAM	$1,012,500	$900,000	12.5%

Sep QTR 2023

Top Growth in Median Unit Prices

Note: Only quarterly median prices from suburb with at least 25 sales in the relevant quarter are included

Suburb	Sep-23 Median	Jun-23 Median	Quarterly Change
TOORAK	$1,292,500	$930,000	39.0%
WINDSOR	$629,750	$457,000	37.8%
ARMADALE	$842,500	$640,000	31.6%
HIGHETT	$840,000	$650,000	29.2%
BRUNSWICK WEST	$535,000	$420,000	27.4%
PRAHRAN	$601,000	$480,000	25.2%
CARLTON	$497,000	$400,000	24.3%
CAULFIELD NORTH	$643,000	$518,000	24.1%
COLLINGWOOD	$672,500	$560,000	20.1%
BLACKBURN	$761,000	$640,000	18.9%
SURREY HILLS	$953,000	$815,000	16.9%
ABBOTSFORD	$575,000	$502,750	14.4%
CHELSEA	$715,000	$625,000	14.4%
NORTH MELBOURNE	$567,400	$525,000	8.1%
DONCASTER	$680,000	$630,000	7.9%
MARIBYRNONG	$550,000	$510,000	7.8%
MORNINGTON	$870,000	$810,000	7.4%
FERNTREE GULLY	$693,000	$655,000	5.8%
BENTLEIGH EAST	$1,290,000	$1,222,000	5.6%
CROYDON	$683,250	$650,000	5.1%

June QTR 2023

Suburb	Jun-23 Median	Mar-23 Median	Quarterly Change
BENTLEIGH	$1,060,000	$745,000	42.3%
SANDRINGHAM	$937,500	$670,000	39.9%
IVANHOE	$910,000	$690,000	31.9%
GLEN IRIS	$800,000	$637,500	25.5%
KEW	$855,000	$683,500	25.1%
CLAYTON	$824,000	$660,000	24.8%
FOOTSCRAY	$517,500	$417,500	24.0%
MOUNT WAVERLEY	$1,245,000	$1,011,000	23.1%
ST KILDA EAST	$658,500	$547,875	20.2%
HAMPTON	$1,105,000	$920,000	20.1%
WEST MELBOURNE	$550,000	$460,000	19.6%
CLAYTON SOUTH	$725,000	$609,000	19.0%
MOONEE PONDS	$551,500	$467,500	18.0%
ABBOTSFORD	$502,750	$426,500	17.9%
COBURG	$657,500	$557,500	17.9%
PORT MELBOURNE	$785,000	$674,000	16.5%
BRIGHTON EAST	$1,402,500	$1,220,750	14.9%
BURWOOD	$886,000	$772,500	14.7%
HAWTHORN EAST	$666,000	$583,000	14.2%
BENTLEIGH EAST	$1,200,000	$1,058,500	13.4%

December QTR 2022

Suburb	Dec-22 Median	Sep-22 Median	Quarterly Change
ESSENDON	$646,500	$496,500	30.2%
HIGHETT	$840,000	$667,500	25.8%
DONCASTER	$710,000	$588,500	20.6%
BRUNSWICK WEST	$549,500	$465,000	18.2%
HAMPTON	$1,120,000	$957,000	17.0%
BUNDOORA	$520,000	$458,750	13.4%
GLEN IRIS	$745,000	$659,000	13.1%
FITZROY	$850,000	$758,000	12.1%
CAMBERWELL	$900,000	$811,000	11.0%
PRESTON	$632,500	$572,500	10.5%
BRIGHTON	$1,312,500	$1,193,750	9.9%
ELSTERNWICK	$625,000	$570,000	9.6%
BENTLEIGH	$1,023,500	$940,000	8.9%
PRAHRAN	$615,000	$567,500	8.4%
MOUNT WAVERLEY	$1,086,666	$1,003,000	8.3%
MELBOURNE	$530,000	$490,000	8.2%
ST KILDA	$555,500	$515,000	7.9%
NORTHCOTE	$656,500	$610,000	7.6%
FOOTSCRAY	$500,000	$465,000	7.5%
SOUTH YARRA	$620,000	$579,400	7.0%

Sep QTR 2022

Suburb	Sep-22 Median	Jun-22 Median	Quarterly Change
TOORAK	$1,450,000	$905,000	60.2%
ARMADALE	$930,000	$615,000	51.2%
MALVERN	$1,052,500	$711,500	47.9%
DONCASTER EAST	$1,084,000	$841,000	28.9%
BENTLEIGH	$915,000	$810,000	13.0%
IVANHOE	$790,000	$700,000	12.9%
BOX HILL	$600,000	$556,000	7.9%
BRUNSWICK	$629,000	$590,000	6.6%
KEW	$860,000	$825,500	4.2%
FRANKSTON	$550,000	$532,500	3.3%
GLEN WAVERLEY	$1,010,500	$980,000	3.1%
COBURG	$652,500	$635,000	2.8%
RINGWOOD	$610,000	$600,000	1.7%
BRUNSWICK WEST	$470,000	$462,500	1.6%
MARIBYRNONG	$572,500	$571,250	0.2%
CLAYTON	$777,889	$780,000	-0.3%
RESERVOIR	$630,000	$632,000	-0.3%
LANGWARRIN	$597,500	$600,500	-0.5%
PASCOE VALE	$645,000	$650,000	-0.8%
DONCASTER	$590,000	$596,944	-1.2%

June QTR 2022

NORTH MELBOURNE	$666,500	$465,000	43.3%
ORMOND	$709,000	$530,000	33.8%
COLLINGWOOD	$906,000	$690,000	31.3%
HAWTHORN EAST	$657,250	$520,000	26.4%
SANDRINGHAM	$871,000	$737,256	18.1%
CARLTON	$589,000	$505,000	16.6%
ASCOT VALE	$629,000	$541,000	16.3%
BENTLEIGH EAST	$1,300,000	$1,125,000	15.6%
MOONEE PONDS	$680,000	$590,000	15.3%
BENTLEIGH	$888,250	$785,000	13.2%
FOOTSCRAY	$559,500	$505,000	10.8%
MENTONE	$743,500	$675,000	10.1%
ELSTERNWICK	$700,000	$638,000	9.7%
DOCKLANDS	$600,000	$550,000	9.1%
FERNTREE GULLY	$700,000	$644,500	8.6%
HAWTHORN	$635,000	$585,000	8.5%
WINDSOR	$641,500	$591,000	8.5%
DONCASTER	$608,888	$570,500	6.7%
THORNBURY	$728,500	$685,000	6.4%
PORT MELBOURNE	$870,000	$819,000	6.2%

March QTR 2022

Suburb	Mar-22 Median	Dec-21 Median	Quarterly Change
HAMPTON	$1,281,250	$1,005,000	27.5%
TOORAK	$1,268,000	$1,042,500	21.6%
MORNINGTON	$980,500	$850,000	15.4%
MELBOURNE	$580,000	$503,000	15.3%
HIGHETT	$960,000	$841,000	14.1%
GLEN WAVERLEY	$1,215,000	$1,077,000	12.8%
MARIBYRNONG	$605,000	$547,000	10.6%
BRUNSWICK	$650,000	$596,000	9.1%
HEIDELBERG	$700,000	$645,000	8.5%
CHELSEA	$722,750	$680,000	6.3%
PRAHRAN	$650,000	$620,000	4.8%
SEAFORD	$645,000	$617,000	4.5%
IVANHOE	$820,000	$786,000	4.3%
GLEN IRIS	$730,000	$701,500	4.1%
CHELTENHAM	$830,000	$798,000	4.0%
CROYDON	$695,000	$668,500	4.0%
PASCOE VALE	$717,000	$700,500	2.4%
CARNEGIE	$634,500	$621,000	2.2%
DOCKLANDS	$555,000	$545,000	1.8%
ST KILDA EAST	$630,000	$620,500	1.5%

December Qtr 2021

Top Growth in Median Unit Prices

Note: Only quarterly median prices from suburb with at least 25 sales in the relevant quarter are included

Suburb	Dec-21 Median	Sep-21 Median	Quarterly Change
CAULFIELD SOUTH	$1,230,000	$712,500	72.6%
EAST MELBOURNE	$851,000	$555,777	53.1%
MOORABBIN	$1,065,000	$728,500	46.2%
BRIGHTON	$1,547,500	$1,090,000	42.0%
MOONEE PONDS	$760,500	$570,000	33.4%
BALACLAVA	$661,000	$503,000	31.4%
NEWPORT	$880,000	$680,000	29.4%
BEAUMARIS	$1,665,000	$1,320,000	26.1%
PARKDALE	$1,162,500	$942,500	23.3%
ELSTERNWICK	$818,000	$670,000	22.1%
BULLEEN	$715,500	$590,000	21.3%
DONCASTER	$715,000	$598,000	19.6%
WEST FOOTSCRAY	$682,500	$573,500	19.0%
BUNDOORA	$560,000	$472,500	18.5%
FRANKSTON	$588,000	$499,900	17.6%
ASCOT VALE	$742,250	$635,000	16.9%
ESSENDON	$735,000	$631,500	16.4%
SOUTHBANK	$603,500	$520,000	16.1%
MENTONE	$788,000	$682,500	15.5%
BURWOOD	$968,500	$842,000	15.0%

June QTR 2021

MALVERN EAST	$1,170,000	$720,000	62.5%
KENSINGTON	$863,000	$600,000	43.8%
BENTLEIGH	$1,385,000	$965,000	43.5%
HAWTHORN EAST	$695,000	$591,054	17.6%
DONCASTER EAST	$1,062,500	$921,500	15.3%
MOUNT WAVERLEY	$1,227,500	$1,107,500	10.8%
TOORAK	$1,050,000	$950,000	10.5%
COBURG	$740,000	$670,000	10.4%
ELWOOD	$733,000	$665,500	10.1%
CHELTENHAM	$795,000	$725,000	9.7%
ESSENDON	$636,000	$590,000	7.8%
KEW	$856,000	$800,000	7.0%
NOBLE PARK	$553,000	$520,000	6.3%
RESERVOIR	$694,000	$655,000	6.0%
PASCOE VALE	$701,500	$667,000	5.2%
BRUNSWICK	$625,000	$595,000	5.0%
BRUNSWICK EAST	$620,000	$601,000	3.2%
HIGHETT	$842,500	$816,500	3.2%
CARNEGIE	$706,000	$687,500	2.7%
BOX HILL	$656,750	$640,000	2.6%

March QTR 2021

Suburb	Mar-21 Median	Dec-20 Median	Quarterly Change
BOX HILL	$749,000	$487,500	53.6%
HAMPTON	$1,230,000	$889,500	38.3%
BRIGHTON	$1,155,000	$940,000	22.9%
THORNBURY	$725,000	$621,250	16.7%
PORT MELBOURNE	$865,000	$743,750	16.3%
COBURG	$765,000	$664,000	15.2%
CHELTENHAM	$805,000	$700,000	15.0%
ELWOOD	$750,000	$653,000	14.9%
CHELSEA	$775,000	$685,500	13.1%
CAMBERWELL	$880,000	$779,000	13.0%
CROYDON	$675,000	$605,000	11.6%
PRESTON	$705,000	$632,000	11.6%
FOOTSCRAY	$533,055	$480,000	11.1%
BONBEACH	$809,500	$736,000	10.0%
BRUNSWICK EAST	$620,000	$570,000	8.8%
GLEN WAVERLEY	$1,052,500	$967,000	8.8%
CARNEGIE	$758,500	$698,000	8.7%
RINGWOOD	$658,000	$610,000	7.9%
RICHMOND	$675,000	$628,000	7.5%
DANDENONG	$366,000	$341,000	7.3%

Dec QTR 2020

Suburb	Dec-20 Median	Sep-20 Median	Quarterly Change
DONCASTER	$885,000	$641,000	38.1%
MOUNT WAVERLEY	$1,108,250	$897,500	23.5%
BENTLEIGH	$850,000	$699,000	21.6%
FOOTSCRAY	$471,000	$392,500	20.0%
CROYDON	$605,000	$505,000	19.8%
BRUNSWICK EAST	$616,000	$518,750	18.7%
ESSENDON	$632,000	$535,000	18.1%
PRAHRAN	$632,500	$537,500	17.7%
RICHMOND	$662,750	$570,000	16.3%
CHELTENHAM	$700,000	$602,000	16.3%
GLEN IRIS	$825,000	$725,000	13.8%
SOUTHBANK	$595,000	$527,500	12.8%
KEW	$853,000	$762,500	11.9%
RESERVOIR	$612,500	$550,000	11.4%
AIRPORT WEST	$671,500	$607,500	10.5%
PORT MELBOURNE	$702,000	$643,750	9.0%
COBURG	$640,000	$588,000	8.8%
NOBLE PARK	$510,500	$470,000	8.6%
MENTONE	$740,000	$683,750	8.2%
SANDRINGHAM	$850,000	$787,500	7.9%

June Qtr 2020

HIGHETT	$795,000	$652,000	21.9%
HAWTHORN	$677,000	$587,500	15.2%
TOORAK	$951,000	$832,500	14.2%
BRIGHTON	$1,172,500	$1,080,000	8.6%
DOCKLANDS	$617,000	$575,000	7.3%
DONCASTER EAST	$932,500	$900,000	3.6%
DONCASTER	$626,000	$615,750	1.7%
RESERVOIR	$568,500	$560,000	1.5%
SOUTH YARRA	$595,000	$594,505	0.1%

March Qtr 2020

Suburb	Mar-20 Median	Dec-19 Median	Quarterly Change
DANDENONG	$452,500	$307,500	47.2%
NORTHCOTE	$745,000	$562,500	32.4%
BRUNSWICK EAST	$616,000	$525,000	17.3%
ELSTERNWICK	$730,000	$625,000	16.8%
ESSENDON	$665,000	$571,750	16.3%
BRUNSWICK WEST	$508,000	$437,500	16.1%
CHELTENHAM	$787,500	$700,000	12.5%
GLENROY	$607,000	$545,000	11.4%
BENTLEIGH	$910,000	$820,000	11.0%
PORT MELBOURNE	$835,500	$757,500	10.3%
CAULFIELD NORTH	$727,000	$660,000	10.2%
CARLTON	$451,750	$417,500	8.2%
GLEN IRIS	$690,000	$640,000	7.8%
BUNDOORA	$500,000	$470,000	6.4%
CROYDON	$600,000	$566,827	5.9%
MOUNT WAVERLEY	$1,070,000	$1,017,400	5.2%
ST KILDA	$620,000	$593,500	4.5%
GLEN WAVERLEY	$940,000	$905,500	3.8%
SOUTH MELBOURNE	$650,000	$630,000	3.2%
KENSINGTON	$535,000	$519,000	3.1%

September QTR 2019

Suburb	Mar-20 Median	Dec-19 Median	Quarterly Change
DANDENONG	$452,500	$307,500	47.2%
NORTHCOTE	$745,000	$562,500	32.4%
BRUNSWICK EAST	$616,000	$525,000	17.3%
ELSTERNWICK	$730,000	$625,000	16.8%
ESSENDON	$665,000	$571,750	16.3%
BRUNSWICK WEST	$508,000	$437,500	16.1%
CHELTENHAM	$787,500	$700,000	12.5%
GLENROY	$607,000	$545,000	11.4%
BENTLEIGH	$910,000	$820,000	11.0%
PORT MELBOURNE	$835,500	$757,500	10.3%
CAULFIELD NORTH	$727,000	$660,000	10.2%
CARLTON	$451,750	$417,500	8.2%
GLEN IRIS	$690,000	$640,000	7.8%
BUNDOORA	$500,000	$470,000	6.4%
CROYDON	$600,000	$566,827	5.9%
MOUNT WAVERLEY	$1,070,000	$1,017,400	5.2%
ST KILDA	$620,000	$593,500	4.5%
GLEN WAVERLEY	$940,000	$905,500	3.8%
SOUTH MELBOURNE	$650,000	$630,000	3.2%
KENSINGTON	$535,000	$519,000	3.1%

March Qtr 2019

Suburb	Mar-19 Median	Dec-18 Median	Quarterly Change
CARNEGIE	$621,250	$555,000	11.90%
CHELTENHAM	$665,000	$607,500	9.50%
BENTLEIGH EAST	$1,000,000	$915,000	9.30%
MOUNT WAVERLEY	$900,000	$862,500	4.30%
GLENROY	$535,000	$516,750	3.50%
ABBOTSFORD	$610,000	$590,000	3.40%
ST KILDA EAST	$555,088	$544,500	1.90%
ESSENDON	$540,000	$536,000	0.70%

Dec Qtr 2018

DANDENONG	$415,000	$340,000	22.10%
KEW	$830,250	$696,000	19.30%
BRUNSWICK EAST	$576,000	$510,000	12.90%
BRUNSWICK	$540,000	$485,000	11.30%
ESSENDON	$530,000	$485,000	9.30%
CROYDON	$597,500	$550,000	8.60%
MORDIALLOC	$703,500	$648,500	8.50%
ABBOTSFORD	$630,000	$587,500	7.20%
CARNEGIE	$552,500	$516,500	7.00%
BENTLEIGH	$835,000	$785,500	6.30%
PRESTON	$560,000	$533,500	5.00%
SOUTH YARRA	$587,000	$560,000	4.80%
RICHMOND	$647,500	$620,000	4.40%
BRUNSWICK WEST	$500,000	$480,000	4.20%
SOUTHBANK	$572,500	$550,000	4.10%
DONCASTER EAST	$770,000	$750,000	2.70%
TOORAK	$809,000	$795,000	1.80%
NORTH MELBOURNE	$624,000	$620,000	0.60%
PASCOE VALE	$619,000	$616,000	0.50%
DOCKLANDS	$621,500	$619,250	0.40%

Sep Qtr 2018

Suburb	Sep-18 Median	Jun-18 Median	Quarterly Change
BRUNSWICK EAST	$547,500	$455,000	20.30%
ELSTERNWICK	$762,000	$642,500	18.60%
PRAHRAN	$580,000	$490,000	18.40%
RINGWOOD	$615,900	$521,500	18.10%
PORT MELBOURNE	$830,000	$710,000	16.90%
HIGHETT	$746,000	$645,000	15.70%
NORTH MELBOURNE	$631,000	$555,000	13.70%
MALVERN EAST	$740,000	$661,000	12.00%
MENTONE	$800,000	$720,500	11.00%
ESSENDON	$485,000	$445,500	8.90%
BRIGHTON	$1,237,500	$1,137,500	8.80%
DOCKLANDS	$624,500	$583,000	7.10%
MOUNT WAVERLEY	$920,000	$860,500	6.90%
CAULFIELD NORTH	$758,500	$725,000	4.60%
MITCHAM	$627,500	$607,500	3.30%
HAWTHORN EAST	$639,000	$627,000	1.90%
HAWTHORN	$607,000	$600,000	1.20%
CHELTENHAM	$632,500	$628,000	0.70%
NOBLE PARK	$458,000	$455,000	0.70%
ARMADALE	$751,500	$747,500	0.50%

Jun Qtr 2018

SANDRINGHAM	$920,000	$630,000	46.00%
CARLTON	$606,000	$447,500	35.40%
GLEN HUNTLY	$636,250	$490,000	29.80%
ST KILDA EAST	$610,000	$485,000	25.80%
ABBOTSFORD	$568,000	$454,000	25.10%
THORNBURY	$715,000	$580,000	23.30%
SOUTH YARRA	$655,000	$555,000	18.00%
BRUNSWICK	$590,000	$512,500	15.10%
KEW	$785,000	$687,000	14.30%
ELWOOD	$655,000	$580,000	12.90%
PARKDALE	$793,750	$705,000	12.60%
MENTONE	$675,000	$600,000	12.50%
PRAHRAN	$498,000	$445,000	11.90%
COBURG	$640,000	$572,500	11.80%
CLAYTON	$680,000	$610,500	11.40%
MORNINGTON	$740,000	$675,000	9.60%
BRIGHTON	$1,175,000	$1,080,000	8.80%
WINDSOR	$510,000	$470,000	8.50%
SOUTH MELBOURNE	$660,000	$610,100	8.20%
HAWTHORN	$600,000	$555,000	8.10%

Mar Qtr 2018

Suburb	Mar-18 Median	Dec-17 Median	Quarterly Change
RICHMOND	$680,000	$495,000	37.40%
BENTLEIGH EAST	$1,165,000	$928,750	25.40%
CAMBERWELL	$990,750	$790,000	25.40%
MORNINGTON	$677,000	$570,000	18.80%
CARLTON	$447,500	$385,000	16.20%
HAWTHORN EAST	$690,000	$597,000	15.60%
ARMADALE	$700,000	$622,500	12.40%
DONCASTER	$629,000	$561,000	12.10%
DANDENONG	$410,000	$367,500	11.60%
NOBLE PARK	$510,000	$474,000	7.60%
CROYDON	$622,500	$582,500	6.90%
RINGWOOD	$620,000	$580,000	6.90%
ST KILDA	$577,000	$540,000	6.90%
BUNDOORA	$455,000	$426,500	6.70%
CAULFIELD NORTH	$685,500	$650,000	5.50%
FRANKSTON	$450,000	$432,500	4.00%
GLEN IRIS	$708,000	$689,000	2.80%
BORONIA	$645,944	$629,000	2.70%
PASCOE VALE	$615,000	$602,500	2.10%
DOCKLANDS	$593,000	$585,944	1.20%

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