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Fastest Growing Suburbs In Melbourne

Suburb Mar-24 Median Dec-23 Median Quarterly Change
MALVERN $3,265,000 $2,365,000 38.1%
BRIGHTON $4,135,000 $3,062,500 35.0%
KEW $2,980,000 $2,521,000 18.2%
HEALESVILLE $885,000 $766,000 15.5%
RICHMOND $1,579,500 $1,380,000 14.5%
DIAMOND CREEK $1,120,500 $990,000 13.2%
CAULFIELD NORTH $2,487,500 $2,214,000 12.4%
MOUNT WAVERLEY $1,775,000 $1,582,500 12.2%
BRUNSWICK $1,435,000 $1,290,000 11.2%
RINGWOOD $1,095,000 $1,000,000 9.5%
CAULFIELD SOUTH $1,809,250 $1,660,000 9.0%
THOMASTOWN $753,000 $695,000 8.3%
BRIGHTON EAST $2,475,000 $2,300,000 7.6%
NOBLE PARK $798,000 $748,000 6.7%
YARRAVILLE $1,155,500 $1,085,000 6.5%
HAMPTON PARK $690,000 $651,500 5.9%
CHELTENHAM $1,336,000 $1,262,500 5.8%
CAMBERWELL $2,700,000 $2,555,500 5.7%
MOUNT MARTHA $1,638,000 $1,550,000 5.7%
MOUNT EVELYN $877,000 $830,600 5.6%

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%

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%
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%
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%
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%
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%

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%

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%

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%

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%

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%

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%

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%

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. 

Property Investor Podcast

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%

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%
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%
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%
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%
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%
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%

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%
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%
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%
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%
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%
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%
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%
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%
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%
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%
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%
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%

 

Suburb Mar-24 Median Dec-23 Median Quarterly Change
CLAYTON SOUTH $840,800 $582,500 44.3%
ALTONA NORTH $940,000 $751,000 25.2%
BRUNSWICK EAST $620,500 $497,500 24.7%
GLEN HUNTLY $645,000 $518,500 24.4%
BRIGHTON $1,400,000 $1,130,000 23.9%
CAULFIELD SOUTH $1,213,000 $987,500 22.8%
PRESTON $624,000 $527,500 18.3%
DONCASTER EAST $1,130,000 $962,500 17.4%
GLEN WAVERLEY $1,210,250 $1,030,500 17.4%
DANDENONG $500,001 $430,000 16.3%
SURREY HILLS $1,100,000 $955,000 15.2%
TOORAK $962,500 $871,740 10.4%
HAWTHORN $590,000 $540,000 9.3%
ST ALBANS $520,000 $477,000 9.0%
MOONEE PONDS $581,000 $535,000 8.6%
HAWTHORN EAST $615,000 $573,800 7.2%
CAMBERWELL $953,000 $899,000 6.0%
CLAYTON $760,000 $722,500 5.2%
CHELTENHAM $760,000 $725,000 4.8%
BENTLEIGH EAST $1,275,000 $1,217,500 4.7%
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