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Fastest Growing Suburbs In Melbourne

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

SuburbMar-22 MedianDec-21 MedianQuarterly Change
MORNINGTON$1,367,000$1,151,00018.8%
RYE$1,300,000$1,100,00018.2%
BRIGHTON$3,500,000$3,037,50015.2%
CHELTENHAM$1,472,500$1,322,00011.4%
MOUNT MARTHA$2,000,000$1,815,00010.2%
MOUNT ELIZA$2,030,000$1,850,0009.7%
BERWICK$966,750$897,5007.7%
WANTIRNA SOUTH$1,335,500$1,250,0006.8%
GLENROY$937,500$877,5006.8%
TARNEIT$660,000$618,0006.8%
ESSENDON$1,990,000$1,867,5006.6%
NEWPORT$1,390,000$1,312,5005.9%
OFFICER$720,000$682,5005.5%
ELWOOD$2,490,000$2,369,0005.1%
WOLLERT$740,000$705,0005.0%
CRANBOURNE$682,000$650,0004.9%
RESERVOIR$1,010,000$964,0004.8%
DIAMOND CREEK$1,101,000$1,053,5004.5%
HOPPERS CROSSING$642,500$615,0004.5%
MALVERN EAST$2,410,000$2,315,0004.1%

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

SuburbDec-21 MedianSep-21 MedianQuarterly Change
IVANHOE$2,100,000$1,665,00026.1%
CAULFIELD NORTH$2,703,000$2,151,75025.6%
WEST FOOTSCRAY$1,184,250$943,50025.5%
ASHBURTON$2,220,000$1,867,50018.9%
SORRENTO$2,801,000$2,357,50018.8%
MELTON SOUTH$510,000$430,75018.4%
ROSEBUD$940,000$795,00018.2%
PORT MELBOURNE$1,935,000$1,651,00017.2%
KEW$2,584,400$2,215,00016.7%
NORTH MELBOURNE$1,400,000$1,225,00014.3%
HAWTHORN$2,955,000$2,615,00013.0%
BRUNSWICK EAST$1,420,500$1,262,50012.5%
MACLEOD$1,300,000$1,156,00012.5%
MALVERN EAST$2,282,500$2,030,00012.4%
BULLEEN$1,525,000$1,360,00012.1%
CHADSTONE$1,410,000$1,260,00011.9%
SEAFORD$895,000$803,00011.5%
MOUNT ELIZA$1,855,000$1,670,00011.1%
FITZROY NORTH$1,907,500$1,720,00010.9%
CAROLINE SPRINGS$826,500$745,00010.9%

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$902,00022.0%
BEAUMARIS$2,270,000$1,947,50016.6%
FRANKSTON SOUTH$1,250,000$1,080,00015.7%
FERNTREE GULLY$968,000$840,00015.2%
KEILOR EAST$1,050,000$927,00013.3%
CAMBERWELL$2,876,000$2,565,00012.1%
MOUNT MARTHA$1,822,500$1,630,00011.8%
RICHMOND$1,655,000$1,480,00011.8%
BRIGHTON EAST$2,525,000$2,265,00011.5%
WANTIRNA SOUTH$1,305,000$1,180,00010.6%
PRESTON$1,310,000$1,190,00010.1%
GREENVALE$885,000$811,5009.1%
ELTHAM$1,295,000$1,187,9009.0%
COBURG$1,410,000$1,295,0008.9%
NARRE WARREN$760,750$702,0008.4%
BALWYN$2,865,000$2,650,0008.1%
DOREEN$775,000$717,5008.0%
BALWYN NORTH$2,350,000$2,180,0007.8%
ESSENDON$1,941,000$1,801,0007.8%
YARRAVILLE$1,240,000$1,150,0007.8%

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

SuburbMar-21 MedianDec-20 MedianQuarterly Change
TOORAK$5,650,000$4,455,00026.8%
HAWTHORN$2,655,000$2,160,00022.9%
BULLEEN$1,360,000$1,108,50022.7%
KEW$2,884,500$2,355,00022.5%
WANTIRNA SOUTH$1,193,250$1,000,00019.3%
HAMPTON$2,580,500$2,172,50018.8%
MOUNT MARTHA$1,640,000$1,385,00018.4%
MITCHAM$1,257,500$1,072,50017.2%
TEMPLESTOWE$1,650,000$1,410,00017.0%
BRUNSWICK$1,310,000$1,120,00017.0%
BENTLEIGH$1,677,750$1,437,00016.8%
PORT MELBOURNE$1,900,000$1,630,50016.5%
MOUNT EVELYN$825,000$708,00016.5%
CAMBERWELL$2,435,000$2,100,00016.0%
WILLIAMSTOWN$1,507,500$1,300,00016.0%
PASCOE VALE$1,101,250$950,00015.9%
SUNBURY$652,000$570,00014.4%
SURREY HILLS$2,208,250$1,932,50014.3%
MOUNT WAVERLEY$1,500,000$1,312,00014.3%
RESERVOIR$930,000$815,50014.0%

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

SuburbDec-20 MedianSep-20 MedianQuarterly Change
MALVERN EAST$2,185,000$1,700,00028.5%
MOUNT ELIZA$1,710,000$1,340,00027.6%
ESSENDON$1,657,500$1,307,50026.8%
FITZROY NORTH$1,596,000$1,300,00022.8%
SORRENTO$2,000,000$1,645,00021.6%
CAMBERWELL$2,120,000$1,751,54521.0%
BENTLEIGH EAST$1,322,000$1,100,00020.2%
BALWYN$2,300,000$1,930,00019.2%
MITCHAM$1,075,000$902,00019.2%
CANTERBURY$3,250,000$2,749,00018.2%
MOUNT MARTHA$1,400,000$1,195,00017.2%
BURWOOD$1,300,000$1,110,00017.1%
BLACKBURN$1,550,000$1,335,00016.1%
BRUNSWICK$1,131,000$975,00016.0%
MOONEE PONDS$1,342,500$1,162,00015.5%
CHIRNSIDE PARK$866,250$750,00015.5%
CHELTENHAM$1,196,580$1,040,00015.1%
CAULFIELD NORTH$2,145,500$1,910,00012.3%
PASCOE VALE SOUTH$1,133,000$1,015,00011.6%
CROYDON$807,500$723,75011.6%

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$2,067,50011.2%
MORNINGTON$980,000$900,0008.9%
MALVERN EAST$2,015,000$1,862,5008.2%
ELTHAM$1,022,000$958,7506.6%
MOUNT ELIZA$1,365,000$1,297,5005.2%
MOUNT WAVERLEY$1,365,000$1,304,7504.6%
FRANKSTON SOUTH$868,000$835,0004.0%
PRESTON$1,037,898$1,010,0002.8%
GREENSBOROUGH$857,000$833,7502.8%
KEW$2,180,000$2,150,0001.4%
WOLLERT$552,000$545,5001.2%
MOUNT MARTHA$1,220,000$1,210,0000.8%
BERWICK$729,000$726,0000.4%

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

SuburbMar-20 MedianDec-19 MedianQuarterly Change
BRIGHTON$2,900,000$2,635,00010.1%
RINGWOOD$920,000$845,5258.8%
KILSYTH$719,000$661,0008.8%
PORT MELBOURNE$1,810,000$1,670,0008.4%
MORNINGTON$896,500$828,0008.3%
LANGWARRIN$684,000$636,5007.5%
THORNBURY$1,335,000$1,250,0006.8%
LILYDALE$777,500$730,0006.5%
GREENVALE$779,000$734,0006.1%
CRAIGIEBURN$571,250$540,0005.8%
PAKENHAM$537,000$510,5005.2%
CARRUM DOWNS$581,500$555,0004.8%
FRANKSTON$632,500$604,0004.7%
EPPING$617,500$590,0004.7%
WERRIBEE$532,000$510,0004.3%
BENTLEIGH EAST$1,252,500$1,202,5004.2%
MOUNT ELIZA$1,277,500$1,230,0003.9%
RESERVOIR$850,000$818,5003.8%
BORONIA$756,250$730,0003.6%
MERNDA$576,000$562,0002.5%

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

SuburbSep-19 MedianJun-19 MedianQuarterly Change
PRESTON$1,110,000$883,00025.7%
COBURG$1,020,500$845,00020.8%
BEAUMARIS$1,825,000$1,520,00020.1%
MULGRAVE$881,000$740,00019.1%
MOUNT MARTHA$1,115,000$954,25016.8%
CHELTENHAM$1,050,000$900,00016.7%
CAMBERWELL$2,210,000$1,904,00016.1%
BORONIA$702,000$613,00014.5%
LANGWARRIN$682,000$595,50014.5%
DONCASTER$1,277,500$1,120,00014.1%
KEYSBOROUGH$758,000$665,00014.0%
RINGWOOD$865,500$762,50013.5%
BUNDOORA$770,000$680,00013.2%
BALWYN NORTH$1,725,000$1,529,00012.8%
GLEN IRIS$2,075,000$1,847,00012.3%
GLENROY$718,000$641,25012.0%
KEILOR EAST$895,000$810,00010.5%
BENTLEIGH EAST$1,165,000$1,060,4449.9%
ROWVILLE$860,000$785,0009.6%
TEMPLESTOWE LOWER$1,095,000$1,000,0009.5%

Top 20 Growth Suburbs (UNITS).

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. 

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    SuburbMar-22 MedianDec-21 MedianQuarterly Change
    HAMPTON$1,281,250$1,005,00027.5%
    TOORAK$1,268,000$1,042,50021.6%
    MORNINGTON$980,500$850,00015.4%
    MELBOURNE$580,000$503,00015.3%
    HIGHETT$960,000$841,00014.1%
    GLEN WAVERLEY$1,215,000$1,077,00012.8%
    MARIBYRNONG$605,000$547,00010.6%
    BRUNSWICK$650,000$596,0009.1%
    HEIDELBERG$700,000$645,0008.5%
    CHELSEA$722,750$680,0006.3%
    PRAHRAN$650,000$620,0004.8%
    SEAFORD$645,000$617,0004.5%
    IVANHOE$820,000$786,0004.3%
    GLEN IRIS$730,000$701,5004.1%
    CHELTENHAM$830,000$798,0004.0%
    CROYDON$695,000$668,5004.0%
    PASCOE VALE$717,000$700,5002.4%
    CARNEGIE$634,500$621,0002.2%
    DOCKLANDS$555,000$545,0001.8%
    ST KILDA EAST$630,000$620,5001.5%

    Top Growth in Median Unit Prices

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

    SuburbDec-21 MedianSep-21 MedianQuarterly Change
    CAULFIELD SOUTH$1,230,000$712,50072.6%
    EAST MELBOURNE$851,000$555,77753.1%
    MOORABBIN$1,065,000$728,50046.2%
    BRIGHTON$1,547,500$1,090,00042.0%
    MOONEE PONDS$760,500$570,00033.4%
    BALACLAVA$661,000$503,00031.4%
    NEWPORT$880,000$680,00029.4%
    BEAUMARIS$1,665,000$1,320,00026.1%
    PARKDALE$1,162,500$942,50023.3%
    ELSTERNWICK$818,000$670,00022.1%
    BULLEEN$715,500$590,00021.3%
    DONCASTER$715,000$598,00019.6%
    WEST FOOTSCRAY$682,500$573,50019.0%
    BUNDOORA$560,000$472,50018.5%
    FRANKSTON$588,000$499,90017.6%
    ASCOT VALE$742,250$635,00016.9%
    ESSENDON$735,000$631,50016.4%
    SOUTHBANK$603,500$520,00016.1%
    MENTONE$788,000$682,50015.5%
    BURWOOD$968,500$842,00015.0%
    MALVERN EAST$1,170,000$720,00062.5%
    KENSINGTON$863,000$600,00043.8%
    BENTLEIGH$1,385,000$965,00043.5%
    HAWTHORN EAST$695,000$591,05417.6%
    DONCASTER EAST$1,062,500$921,50015.3%
    MOUNT WAVERLEY$1,227,500$1,107,50010.8%
    TOORAK$1,050,000$950,00010.5%
    COBURG$740,000$670,00010.4%
    ELWOOD$733,000$665,50010.1%
    CHELTENHAM$795,000$725,0009.7%
    ESSENDON$636,000$590,0007.8%
    KEW$856,000$800,0007.0%
    NOBLE PARK$553,000$520,0006.3%
    RESERVOIR$694,000$655,0006.0%
    PASCOE VALE$701,500$667,0005.2%
    BRUNSWICK$625,000$595,0005.0%
    BRUNSWICK EAST$620,000$601,0003.2%
    HIGHETT$842,500$816,5003.2%
    CARNEGIE$706,000$687,5002.7%
    BOX HILL$656,750$640,0002.6%
    SuburbMar-21 MedianDec-20 MedianQuarterly Change
    BOX HILL$749,000$487,50053.6%
    HAMPTON$1,230,000$889,50038.3%
    BRIGHTON$1,155,000$940,00022.9%
    THORNBURY$725,000$621,25016.7%
    PORT MELBOURNE$865,000$743,75016.3%
    COBURG$765,000$664,00015.2%
    CHELTENHAM$805,000$700,00015.0%
    ELWOOD$750,000$653,00014.9%
    CHELSEA$775,000$685,50013.1%
    CAMBERWELL$880,000$779,00013.0%
    CROYDON$675,000$605,00011.6%
    PRESTON$705,000$632,00011.6%
    FOOTSCRAY$533,055$480,00011.1%
    BONBEACH$809,500$736,00010.0%
    BRUNSWICK EAST$620,000$570,0008.8%
    GLEN WAVERLEY$1,052,500$967,0008.8%
    CARNEGIE$758,500$698,0008.7%
    RINGWOOD$658,000$610,0007.9%
    RICHMOND$675,000$628,0007.5%
    DANDENONG$366,000$341,0007.3%
    SuburbDec-20 MedianSep-20 MedianQuarterly Change
    DONCASTER$885,000$641,00038.1%
    MOUNT WAVERLEY$1,108,250$897,50023.5%
    BENTLEIGH$850,000$699,00021.6%
    FOOTSCRAY$471,000$392,50020.0%
    CROYDON$605,000$505,00019.8%
    BRUNSWICK EAST$616,000$518,75018.7%
    ESSENDON$632,000$535,00018.1%
    PRAHRAN$632,500$537,50017.7%
    RICHMOND$662,750$570,00016.3%
    CHELTENHAM$700,000$602,00016.3%
    GLEN IRIS$825,000$725,00013.8%
    SOUTHBANK$595,000$527,50012.8%
    KEW$853,000$762,50011.9%
    RESERVOIR$612,500$550,00011.4%
    AIRPORT WEST$671,500$607,50010.5%
    PORT MELBOURNE$702,000$643,7509.0%
    COBURG$640,000$588,0008.8%
    NOBLE PARK$510,500$470,0008.6%
    MENTONE$740,000$683,7508.2%
    SANDRINGHAM$850,000$787,5007.9%
    HIGHETT$795,000$652,00021.9%
    HAWTHORN$677,000$587,50015.2%
    TOORAK$951,000$832,50014.2%
    BRIGHTON$1,172,500$1,080,0008.6%
    DOCKLANDS$617,000$575,0007.3%
    DONCASTER EAST$932,500$900,0003.6%
    DONCASTER$626,000$615,7501.7%
    RESERVOIR$568,500$560,0001.5%
    SOUTH YARRA$595,000$594,5050.1%
    SuburbMar-20 MedianDec-19 MedianQuarterly Change
    DANDENONG$452,500$307,50047.2%
    NORTHCOTE$745,000$562,50032.4%
    BRUNSWICK EAST$616,000$525,00017.3%
    ELSTERNWICK$730,000$625,00016.8%
    ESSENDON$665,000$571,75016.3%
    BRUNSWICK WEST$508,000$437,50016.1%
    CHELTENHAM$787,500$700,00012.5%
    GLENROY$607,000$545,00011.4%
    BENTLEIGH$910,000$820,00011.0%
    PORT MELBOURNE$835,500$757,50010.3%
    CAULFIELD NORTH$727,000$660,00010.2%
    CARLTON$451,750$417,5008.2%
    GLEN IRIS$690,000$640,0007.8%
    BUNDOORA$500,000$470,0006.4%
    CROYDON$600,000$566,8275.9%
    MOUNT WAVERLEY$1,070,000$1,017,4005.2%
    ST KILDA$620,000$593,5004.5%
    GLEN WAVERLEY$940,000$905,5003.8%
    SOUTH MELBOURNE$650,000$630,0003.2%
    KENSINGTON$535,000$519,0003.1%
    SuburbMar-20 MedianDec-19 MedianQuarterly Change
    DANDENONG$452,500$307,50047.2%
    NORTHCOTE$745,000$562,50032.4%
    BRUNSWICK EAST$616,000$525,00017.3%
    ELSTERNWICK$730,000$625,00016.8%
    ESSENDON$665,000$571,75016.3%
    BRUNSWICK WEST$508,000$437,50016.1%
    CHELTENHAM$787,500$700,00012.5%
    GLENROY$607,000$545,00011.4%
    BENTLEIGH$910,000$820,00011.0%
    PORT MELBOURNE$835,500$757,50010.3%
    CAULFIELD NORTH$727,000$660,00010.2%
    CARLTON$451,750$417,5008.2%
    GLEN IRIS$690,000$640,0007.8%
    BUNDOORA$500,000$470,0006.4%
    CROYDON$600,000$566,8275.9%
    MOUNT WAVERLEY$1,070,000$1,017,4005.2%
    ST KILDA$620,000$593,5004.5%
    GLEN WAVERLEY$940,000$905,5003.8%
    SOUTH MELBOURNE$650,000$630,0003.2%
    KENSINGTON$535,000$519,0003.1%
    SuburbMar-19 MedianDec-18 MedianQuarterly Change
    CARNEGIE$621,250$555,00011.90%
    CHELTENHAM$665,000$607,5009.50%
    BENTLEIGH EAST$1,000,000$915,0009.30%
    MOUNT WAVERLEY$900,000$862,5004.30%
    GLENROY$535,000$516,7503.50%
    ABBOTSFORD$610,000$590,0003.40%
    ST KILDA EAST$555,088$544,5001.90%
    ESSENDON$540,000$536,0000.70%
    DANDENONG$415,000$340,00022.10%
    KEW$830,250$696,00019.30%
    BRUNSWICK EAST$576,000$510,00012.90%
    BRUNSWICK$540,000$485,00011.30%
    ESSENDON$530,000$485,0009.30%
    CROYDON$597,500$550,0008.60%
    MORDIALLOC$703,500$648,5008.50%
    ABBOTSFORD$630,000$587,5007.20%
    CARNEGIE$552,500$516,5007.00%
    BENTLEIGH$835,000$785,5006.30%
    PRESTON$560,000$533,5005.00%
    SOUTH YARRA$587,000$560,0004.80%
    RICHMOND$647,500$620,0004.40%
    BRUNSWICK WEST$500,000$480,0004.20%
    SOUTHBANK$572,500$550,0004.10%
    DONCASTER EAST$770,000$750,0002.70%
    TOORAK$809,000$795,0001.80%
    NORTH MELBOURNE$624,000$620,0000.60%
    PASCOE VALE$619,000$616,0000.50%
    DOCKLANDS$621,500$619,2500.40%
    SuburbSep-18 MedianJun-18 MedianQuarterly Change
    BRUNSWICK EAST$547,500$455,00020.30%
    ELSTERNWICK$762,000$642,50018.60%
    PRAHRAN$580,000$490,00018.40%
    RINGWOOD$615,900$521,50018.10%
    PORT MELBOURNE$830,000$710,00016.90%
    HIGHETT$746,000$645,00015.70%
    NORTH MELBOURNE$631,000$555,00013.70%
    MALVERN EAST$740,000$661,00012.00%
    MENTONE$800,000$720,50011.00%
    ESSENDON$485,000$445,5008.90%
    BRIGHTON$1,237,500$1,137,5008.80%
    DOCKLANDS$624,500$583,0007.10%
    MOUNT WAVERLEY$920,000$860,5006.90%
    CAULFIELD NORTH$758,500$725,0004.60%
    MITCHAM$627,500$607,5003.30%
    HAWTHORN EAST$639,000$627,0001.90%
    HAWTHORN$607,000$600,0001.20%
    CHELTENHAM$632,500$628,0000.70%
    NOBLE PARK$458,000$455,0000.70%
    ARMADALE$751,500$747,5000.50%
    SANDRINGHAM$920,000$630,00046.00%
    CARLTON$606,000$447,50035.40%
    GLEN HUNTLY$636,250$490,00029.80%
    ST KILDA EAST$610,000$485,00025.80%
    ABBOTSFORD$568,000$454,00025.10%
    THORNBURY$715,000$580,00023.30%
    SOUTH YARRA$655,000$555,00018.00%
    BRUNSWICK$590,000$512,50015.10%
    KEW$785,000$687,00014.30%
    ELWOOD$655,000$580,00012.90%
    PARKDALE$793,750$705,00012.60%
    MENTONE$675,000$600,00012.50%
    PRAHRAN$498,000$445,00011.90%
    COBURG$640,000$572,50011.80%
    CLAYTON$680,000$610,50011.40%
    MORNINGTON$740,000$675,0009.60%
    BRIGHTON$1,175,000$1,080,0008.80%
    WINDSOR$510,000$470,0008.50%
    SOUTH MELBOURNE$660,000$610,1008.20%
    HAWTHORN$600,000$555,0008.10%
    SuburbMar-18 MedianDec-17 MedianQuarterly Change
    RICHMOND$680,000$495,00037.40%
    BENTLEIGH EAST$1,165,000$928,75025.40%
    CAMBERWELL$990,750$790,00025.40%
    MORNINGTON$677,000$570,00018.80%
    CARLTON$447,500$385,00016.20%
    HAWTHORN EAST$690,000$597,00015.60%
    ARMADALE$700,000$622,50012.40%
    DONCASTER$629,000$561,00012.10%
    DANDENONG$410,000$367,50011.60%
    NOBLE PARK$510,000$474,0007.60%
    CROYDON$622,500$582,5006.90%
    RINGWOOD$620,000$580,0006.90%
    ST KILDA$577,000$540,0006.90%
    BUNDOORA$455,000$426,5006.70%
    CAULFIELD NORTH$685,500$650,0005.50%
    FRANKSTON$450,000$432,5004.00%
    GLEN IRIS$708,000$689,0002.80%
    BORONIA$645,944$629,0002.70%
    PASCOE VALE$615,000$602,5002.10%
    DOCKLANDS$593,000$585,9441.20%

     

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