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 December 2018.
Melbourne has been crowned the world’s most liveable city for an historic sixth year running by the Economist Intelligence Unit (EIU).
| Suburb | Mar-19 Median | Dec-18 Median | Quarterly Change |
| ELTHAM | $950,000 | $885,000 | 7.30% |
| NARRE WARREN SOUTH | $677,500 | $632,500 | 7.10% |
| GREENSBOROUGH | $808,000 | $762,000 | 6.00% |
| MULGRAVE | $810,000 | $774,000 | 4.70% |
| POINT COOK | $665,000 | $635,000 | 4.70% |
| KEYSBOROUGH | $830,000 | $795,000 | 4.40% |
| GLEN IRIS | $1,820,000 | $1,745,000 | 4.30% |
| GLEN WAVERLEY | $1,224,944 | $1,174,500 | 4.30% |
| BALWYN NORTH | $1,565,000 | $1,502,500 | 4.20% |
| MOUNT ELIZA | $1,200,000 | $1,175,000 | 2.10% |
| MOUNT WAVERLEY | $1,233,000 | $1,208,500 | 2.00% |
| RYE | $675,000 | $666,000 | 1.40% |
| DONCASTER EAST | $1,115,000 | $1,101,500 | 1.20% |
| ROSEBUD | $590,000 | $586,500 | 0.60% |
| Suburb | Dec-18 Median | Sep-18 Median | Quarterly Change |
| OFFICER | $625,000 | $550,000 | 13.60% |
| MALVERN EAST | $1,760,000 | $1,550,000 | 13.50% |
| THORNBURY | $1,297,500 | $1,152,500 | 12.60% |
| TAYLORS HILL | $803,750 | $739,750 | 8.70% |
| MOUNT MARTHA | $1,102,500 | $1,015,000 | 8.60% |
| HAWTHORN | $2,217,500 | $2,058,000 | 7.80% |
| BERWICK | $720,000 | $671,000 | 7.30% |
| CROYDON | $770,000 | $730,000 | 5.50% |
| ROWVILLE | $838,000 | $800,000 | 4.80% |
| FERNTREE GULLY | $730,000 | $700,050 | 4.30% |
| DIAMOND CREEK | $786,550 | $757,500 | 3.80% |
| CRANBOURNE EAST | $575,500 | $557,800 | 3.20% |
| GREENVALE | $778,750 | $760,000 | 2.50% |
| BRUNSWICK | $1,024,500 | $1,001,000 | 2.30% |
| CRANBOURNE NORTH | $605,000 | $591,600 | 2.30% |
| MOOROOLBARK | $705,500 | $690,000 | 2.20% |
| CRAIGIEBURN | $571,500 | $560,000 | 2.10% |
| RINGWOOD | $880,000 | $862,900 | 2.00% |
| MORNINGTON | $775,000 | $765,000 | 1.30% |
| ROSEBUD | $590,000 | $585,500 | 0.80% |
| Suburb | Sep-18 Median | Jun-18 Median | Quarterly Change |
| MOUNT ELIZA | $1,437,500 | $1,222,500 | 17.60% |
| ESSENDON | $1,700,000 | $1,500,000 | 13.30% |
| KEYSBOROUGH | $872,750 | $780,000 | 11.90% |
| COBURG | $1,050,000 | $965,000 | 8.80% |
| GREENVALE | $760,000 | $715,000 | 6.30% |
| NARRE WARREN SOUTH | $660,000 | $630,000 | 4.80% |
| WHEELERS HILL | $1,116,500 | $1,068,000 | 4.50% |
| EPPING | $632,500 | $605,000 | 4.50% |
| CAROLINE SPRINGS | $646,500 | $625,500 | 3.40% |
| SUNBURY | $577,750 | $560,000 | 3.20% |
| CRANBOURNE NORTH | $611,000 | $593,000 | 3.00% |
| HOPPERS CROSSING | $581,000 | $565,000 | 2.80% |
| CARRUM DOWNS | $590,000 | $575,000 | 2.60% |
| LILYDALE | $727,525 | $712,000 | 2.20% |
| BRIGHTON EAST | $1,940,000 | $1,905,000 | 1.80% |
| RINGWOOD EAST | $881,250 | $870,000 | 1.30% |
| CRANBOURNE WEST | $548,500 | $542,000 | 1.20% |
| WYNDHAM VALE | $485,000 | $480,000 | 1.00% |
| POINT COOK | $677,500 | $672,000 | 0.80% |
| ST ALBANS | $638,500 | $636,500 | 0.30% |
| Suburb | Jun-18 Median | Mar-18 Median | Quarterly Change |
| BRIGHTON | $2,850,000 | $2,460,000 | 15.90% |
| MORNINGTON | $882,000 | $765,000 | 15.30% |
| KEILOR EAST | $930,000 | $835,000 | 11.40% |
| DROMANA | $830,000 | $750,000 | 10.70% |
| THORNBURY | $1,300,000 | $1,192,000 | 9.10% |
| MULGRAVE | $931,500 | $863,000 | 7.90% |
| CHELTENHAM | $1,130,000 | $1,050,000 | 7.60% |
| RICHMOND | $1,384,000 | $1,295,000 | 6.90% |
| DONCASTER | $1,414,811 | $1,327,500 | 6.60% |
| HILLSIDE | $675,000 | $638,000 | 5.80% |
| MOUNT EVELYN | $687,500 | $652,000 | 5.40% |
| MOUNT MARTHA | $1,165,000 | $1,108,000 | 5.10% |
| CAROLINE SPRINGS | $630,000 | $600,000 | 5.00% |
| CLYDE NORTH | $620,000 | $595,000 | 4.20% |
| MERNDA | $617,000 | $592,500 | 4.10% |
| DONCASTER EAST | $1,300,400 | $1,250,300 | 4.00% |
| GLENROY | $762,000 | $735,000 | 3.70% |
| SUNBURY | $558,750 | $540,000 | 3.50% |
| WANTIRNA | $965,000 | $939,000 | 2.80% |
| WILLIAMSTOWN | $1,570,000 | $1,530,000 | 2.60% |
| Suburb | Mar-18 Median | Dec-17 Median | Quarterly Change |
| KEW | $2,710,000 | $2,135,000 | 26.90% |
| NORTHCOTE | $1,610,000 | $1,350,000 | 19.30% |
| DROMANA | $750,000 | $632,500 | 18.60% |
| BRIGHTON EAST | $2,200,000 | $1,880,000 | 17.00% |
| YARRAVILLE | $1,101,000 | $966,500 | 13.90% |
| MOUNT MARTHA | $1,103,000 | $982,500 | 12.30% |
| ELTHAM | $1,092,500 | $985,500 | 10.90% |
| WHEELERS HILL | $1,289,000 | $1,165,000 | 10.60% |
| TARNEIT | $587,000 | $532,500 | 10.20% |
| FRANKSTON SOUTH | $934,350 | $849,444 | 10.00% |
| CRANBOURNE WEST | $580,000 | $531,000 | 9.20% |
| KEYSBOROUGH | $965,000 | $885,000 | 9.00% |
| SOUTH MORANG | $697,000 | $645,000 | 8.10% |
| ENDEAVOUR HILLS | $702,000 | $650,000 | 8.00% |
| SUNBURY | $555,000 | $521,250 | 6.50% |
| MELTON WEST | $468,000 | $440,000 | 6.40% |
| MALVERN EAST | $1,965,000 | $1,850,500 | 6.20% |
| RINGWOOD | $988,000 | $939,000 | 5.20% |
| MOUNT ELIZA | $1,275,000 | $1,217,500 | 4.70% |
| DOREEN | $640,000 | $612,000 | 4.60% |
| Suburb | Dec-17 Median | Sep-17 Median | Quarterly Change |
| TOORAK | $4,600,000 | $3,210,000 | 43.30% |
| SOUTH YARRA | $2,280,500 | $1,799,500 | 26.70% |
| MENTONE | $1,200,000 | $1,002,500 | 19.70% |
| SURREY HILLS | $2,285,000 | $1,930,000 | 18.40% |
| ESSENDON | $1,715,000 | $1,450,000 | 18.30% |
| HAWTHORN | $2,718,000 | $2,300,000 | 18.20% |
| MALVERN | $2,370,000 | $2,014,000 | 17.70% |
| KEYSBOROUGH | $885,000 | $760,500 | 16.40% |
| CANTERBURY | $3,300,000 | $2,875,000 | 14.80% |
| ROSEBUD | $624,000 | $552,000 | 13.00% |
| WILLIAMSTOWN | $1,650,000 | $1,470,000 | 12.20% |
| GREENVALE | $765,500 | $685,000 | 11.80% |
| LANGWARRIN | $671,000 | $599,999 | 11.80% |
| DONVALE | $1,337,500 | $1,207,900 | 10.70% |
| DANDENONG | $657,500 | $595,000 | 10.50% |
| CLYDE NORTH | $594,134 | $538,000 | 10.40% |
| WOLLERT | $593,500 | $538,500 | 10.20% |
| MORNINGTON | $810,000 | $740,000 | 9.50% |
| ROXBURGH PARK | $576,250 | $529,000 | 8.90% |
| FOREST HILL | $1,105,000 | $1,015,500 | 8.80% |
| Suburb | Sep-17 Median | Jun-17 Median | Quarterly Change |
| DROMANA | $790,250 | $687,000 | 15.00% |
| SUNBURY | $518,000 | $452,500 | 14.50% |
| BALWYN NORTH | $2,105,000 | $1,850,000 | 13.80% |
| RINGWOOD EAST | $1,030,000 | $910,000 | 13.20% |
| LALOR | $682,500 | $605,000 | 12.80% |
| DIAMOND CREEK | $813,100 | $726,444 | 11.90% |
| BENTLEIGH | $1,610,000 | $1,440,500 | 11.80% |
| RICHMOND | $1,442,000 | $1,301,000 | 10.80% |
| ELTHAM | $945,000 | $861,000 | 9.80% |
| BROADMEADOWS | $595,000 | $542,500 | 9.70% |
| DANDENONG NORTH | $680,000 | $621,000 | 9.50% |
| CRAIGIEBURN | $540,000 | $495,000 | 9.10% |
| HEATHMONT | $952,000 | $875,000 | 8.80% |
| PRAHRAN | $1,653,000 | $1,520,000 | 8.70% |
| MOUNT MARTHA | $948,500 | $875,000 | 8.40% |
| MELTON WEST | $425,000 | $392,500 | 8.30% |
| CRANBOURNE WEST | $523,000 | $484,250 | 8.00% |
| MERNDA | $562,500 | $521,250 | 7.90% |
| HAMPTON PARK | $525,000 | $486,500 | 7.90% |
| BUNDOORA | $800,000 | $744,250 | 7.50% |
| 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% |
| 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% |
Download a FREE Home Buyers Guide, an easy to understand booklet designed to help you through the process of buying. Your copy of the property buyer’s guide can be downloaded here.
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