Growth Suburbs Melbourne

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).

 

Top 20 Growth Suburbs (HOUSES).

SuburbMar-19 MedianDec-18 MedianQuarterly Change
ELTHAM$950,000$885,0007.30%
NARRE WARREN SOUTH$677,500$632,5007.10%
GREENSBOROUGH$808,000$762,0006.00%
MULGRAVE$810,000$774,0004.70%
POINT COOK$665,000$635,0004.70%
KEYSBOROUGH$830,000$795,0004.40%
GLEN IRIS$1,820,000$1,745,0004.30%
GLEN WAVERLEY$1,224,944$1,174,5004.30%
BALWYN NORTH$1,565,000$1,502,5004.20%
MOUNT ELIZA$1,200,000$1,175,0002.10%
MOUNT WAVERLEY$1,233,000$1,208,5002.00%
RYE$675,000$666,0001.40%
DONCASTER EAST$1,115,000$1,101,5001.20%
ROSEBUD$590,000$586,5000.60%
SuburbDec-18 MedianSep-18 MedianQuarterly Change
OFFICER$625,000$550,00013.60%
MALVERN EAST$1,760,000$1,550,00013.50%
THORNBURY$1,297,500$1,152,50012.60%
TAYLORS HILL$803,750$739,7508.70%
MOUNT MARTHA$1,102,500$1,015,0008.60%
HAWTHORN$2,217,500$2,058,0007.80%
BERWICK$720,000$671,0007.30%
CROYDON$770,000$730,0005.50%
ROWVILLE$838,000$800,0004.80%
FERNTREE GULLY$730,000$700,0504.30%
DIAMOND CREEK$786,550$757,5003.80%
CRANBOURNE EAST$575,500$557,8003.20%
GREENVALE$778,750$760,0002.50%
BRUNSWICK$1,024,500$1,001,0002.30%
CRANBOURNE NORTH$605,000$591,6002.30%
MOOROOLBARK$705,500$690,0002.20%
CRAIGIEBURN$571,500$560,0002.10%
RINGWOOD$880,000$862,9002.00%
MORNINGTON$775,000$765,0001.30%
ROSEBUD$590,000$585,5000.80%
SuburbSep-18 MedianJun-18 MedianQuarterly Change
MOUNT ELIZA$1,437,500$1,222,50017.60%
ESSENDON$1,700,000$1,500,00013.30%
KEYSBOROUGH$872,750$780,00011.90%
COBURG$1,050,000$965,0008.80%
GREENVALE$760,000$715,0006.30%
NARRE WARREN SOUTH$660,000$630,0004.80%
WHEELERS HILL$1,116,500$1,068,0004.50%
EPPING$632,500$605,0004.50%
CAROLINE SPRINGS$646,500$625,5003.40%
SUNBURY$577,750$560,0003.20%
CRANBOURNE NORTH$611,000$593,0003.00%
HOPPERS CROSSING$581,000$565,0002.80%
CARRUM DOWNS$590,000$575,0002.60%
LILYDALE$727,525$712,0002.20%
BRIGHTON EAST$1,940,000$1,905,0001.80%
RINGWOOD EAST$881,250$870,0001.30%
CRANBOURNE WEST$548,500$542,0001.20%
WYNDHAM VALE$485,000$480,0001.00%
POINT COOK$677,500$672,0000.80%
ST ALBANS$638,500$636,5000.30%
SuburbJun-18 MedianMar-18 MedianQuarterly Change
BRIGHTON$2,850,000$2,460,00015.90%
MORNINGTON$882,000$765,00015.30%
KEILOR EAST$930,000$835,00011.40%
DROMANA$830,000$750,00010.70%
THORNBURY$1,300,000$1,192,0009.10%
MULGRAVE$931,500$863,0007.90%
CHELTENHAM$1,130,000$1,050,0007.60%
RICHMOND$1,384,000$1,295,0006.90%
DONCASTER$1,414,811$1,327,5006.60%
HILLSIDE$675,000$638,0005.80%
MOUNT EVELYN$687,500$652,0005.40%
MOUNT MARTHA$1,165,000$1,108,0005.10%
CAROLINE SPRINGS$630,000$600,0005.00%
CLYDE NORTH$620,000$595,0004.20%
MERNDA$617,000$592,5004.10%
DONCASTER EAST$1,300,400$1,250,3004.00%
GLENROY$762,000$735,0003.70%
SUNBURY$558,750$540,0003.50%
WANTIRNA$965,000$939,0002.80%
WILLIAMSTOWN$1,570,000$1,530,0002.60%

March Qtr.2018

 

SuburbMar-18 MedianDec-17 MedianQuarterly Change
KEW$2,710,000$2,135,00026.90%
NORTHCOTE$1,610,000$1,350,00019.30%
DROMANA$750,000$632,50018.60%
BRIGHTON EAST$2,200,000$1,880,00017.00%
YARRAVILLE$1,101,000$966,50013.90%
MOUNT MARTHA$1,103,000$982,50012.30%
ELTHAM$1,092,500$985,50010.90%
WHEELERS HILL$1,289,000$1,165,00010.60%
TARNEIT$587,000$532,50010.20%
FRANKSTON SOUTH$934,350$849,44410.00%
CRANBOURNE WEST$580,000$531,0009.20%
KEYSBOROUGH$965,000$885,0009.00%
SOUTH MORANG$697,000$645,0008.10%
ENDEAVOUR HILLS$702,000$650,0008.00%
SUNBURY$555,000$521,2506.50%
MELTON WEST$468,000$440,0006.40%
MALVERN EAST$1,965,000$1,850,5006.20%
RINGWOOD$988,000$939,0005.20%
MOUNT ELIZA$1,275,000$1,217,5004.70%
DOREEN$640,000$612,0004.60%

December Qtr.2017

 

SuburbDec-17 MedianSep-17 MedianQuarterly Change
TOORAK$4,600,000$3,210,00043.30%
SOUTH YARRA$2,280,500$1,799,50026.70%
MENTONE$1,200,000$1,002,50019.70%
SURREY HILLS$2,285,000$1,930,00018.40%
ESSENDON$1,715,000$1,450,00018.30%
HAWTHORN$2,718,000$2,300,00018.20%
MALVERN$2,370,000$2,014,00017.70%
KEYSBOROUGH$885,000$760,50016.40%
CANTERBURY$3,300,000$2,875,00014.80%
ROSEBUD$624,000$552,00013.00%
WILLIAMSTOWN$1,650,000$1,470,00012.20%
GREENVALE$765,500$685,00011.80%
LANGWARRIN$671,000$599,99911.80%
DONVALE$1,337,500$1,207,90010.70%
DANDENONG$657,500$595,00010.50%
CLYDE NORTH$594,134$538,00010.40%
WOLLERT$593,500$538,50010.20%
MORNINGTON$810,000$740,0009.50%
ROXBURGH PARK$576,250$529,0008.90%
FOREST HILL$1,105,000$1,015,5008.80%

September Qtr.2017

 

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%

June Qtr.2017

 

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 (UNITS).

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%

 

Speak With One Of Our Expert Buyers Agents. Click here to book your complimentary, no-obligation phone call.

Property Buyers Guide

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.

Negotiating On Property Price – How to negotiate a property deal like a real estate agent. It’s time to look at the ins & outs of getting the best deal when buying a property.

Subdividing Property In Melbourne – Free advice & tips on marking money using property subdivision. Build your portfolio by positive gearing property with Wise Real Estate Advice.

 

Buying A House In Melbourne – Buying a house in Melbourne presents a number of challenges, Wise Real Estate Advice offers a few tips that will help you get into the market sooner.

Google Rating
4.9