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.

 

SuburbSep-17 MedianJun-17 MedianQuarterly Change
DROMANA$790,250$687,00015.00%
SUNBURY$518,000$452,50014.50%
BALWYN NORTH$2,105,000$1,850,00013.80%
RINGWOOD EAST$1,030,000$910,00013.20%
LALOR$682,500$605,00012.80%
DIAMOND CREEK$813,100$726,44411.90%
BENTLEIGH$1,610,000$1,440,50011.80%
RICHMOND$1,442,000$1,301,00010.80%
ELTHAM$945,000$861,0009.80%
BROADMEADOWS$595,000$542,5009.70%
DANDENONG NORTH$680,000$621,0009.50%
CRAIGIEBURN$540,000$495,0009.10%
HEATHMONT$952,000$875,0008.80%
PRAHRAN$1,653,000$1,520,0008.70%
MOUNT MARTHA$948,500$875,0008.40%
MELTON WEST$425,000$392,5008.30%
CRANBOURNE WEST$523,000$484,2508.00%
MERNDA$562,500$521,2507.90%
HAMPTON PARK$525,000$486,5007.90%
BUNDOORA$800,000$744,2507.50%
SuburbJun-17 MedianMar-17 MedianQuarterly Change
CROYDON$810,000$672,50020.40%
DONCASTER EAST$1,441,000$1,210,00019.10%
MALVERN EAST$2,025,000$1,725,00017.40%
BROADMEADOWS$540,000$460,00017.40%
DEER PARK$590,550$505,00016.90%
BEAUMARIS$1,690,000$1,475,00014.60%
ROXBURGH PARK$513,500$450,00014.10%
MELTON WEST$397,000$348,00014.10%
TEMPLESTOWE LOWER$1,330,000$1,170,75013.60%
MERNDA$521,250$460,00013.30%
FRANKSTON NORTH$470,000$416,50012.80%
RINGWOOD$947,500$847,00011.90%
TOORAK$4,750,000$4,250,00011.80%
KEILOR EAST$860,000$770,00011.70%
DONCASTER$1,500,000$1,346,75011.40%
WHEELERS HILL$1,130,000$1,017,50011.10%
GLENROY$793,000$714,00011.10%
WYNDHAM VALE$450,000$406,00010.80%
DANDENONG$625,000$565,00010.60%
SEAFORD$731,000$662,50010.30%

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.