Elwood heads Melbourne's best 20 performing unit markets
Staff ReporterJuly 24, 2016
There were 20 Melbourne suburbs with at least 25 unit sales in the June quarter included in the list of the best performing, according to the REIV.
Elwood headed the list jumping to a $709,000 median.
Property Observer found four Elwood apartment offerings and sales around the median price.
| Suburb | Jun-16 Median | Mar-16 Median | Quarterly Change |
| ELWOOD | $709,000 | $575,000 | 23.30% |
| Bentleigh EAST | $920,000 | $755,000 | 21.90% |
| Hawthorn EAST | $701,000 | $575,000 | 21.90% |
| KENSINGTON | $530,000 | $435,000 | 21.80% |
| GLEN WAVERLEY | $813,500 | $682,000 | 19.30% |
| CARNEGIE | $590,000 | $501,000 | 17.80% |
| BRIGHTON | $953,000 | $815,000 | 16.90% |
| ARMADALE | $643,500 | $551,000 | 16.80% |
| CARLTON | $405,500 | $347,500 | 16.70% |
| South Melbourne | $692,000 | $600,000 | 15.30% |
| HIGHETT | $712,500 | $625,000 | 14.00% |
| DANDENONG | $352,500 | $310,000 | 13.70% |
| Caulfield NORTH | $652,500 | $585,000 | 11.50% |
| COLLINGWOOD | $686,000 | $617,500 | 11.10% |
| THORNBURY | $507,500 | $460,000 | 10.30% |
| Kew | $760,000 | $690,000 | 10.10% |
| BRUNSWICK EAST | $575,000 | $524,500 | 9.60% |
| Melbourne | $440,000 | $403,000 | 9.20% |
| PRAHRAN | $541,000 | $500,000 | 8.20% |
| ST ALBANS | $340,000 | $316,000 | 7.60% |
A northern block apartment, 14/135-137 Brighton Road Elwood (above) recently sold for $580,000.
Apartment 3/145 Glen Huntly Road Elwood (below) recently sold for $670,000.
The two bedroom apartment at 5/15 Dickens Street Elwood (below) recently sold for $686,000
An apartment with city views, 26/125 Ormond Road Elwood (below) sold for $690,000
