Melbourne house prices – how your suburb went in the 2012 March quarter: REIV
The latest data from the Real Estate Institute of Victoria shows housing prices fell the deepest in more affluent suburbs of Victoria in the past year. The 10 suburbs where house prices fell the most during the year are Ivanhoe, Malvern East, Middle Park, Fitzroy, Hampton, Toorak, Ivanhoe East and Carnegie, and Maribyrmong.
The 10 suburbs where house prices fell the most during the March quarter are Lilydale, St Kilda, Sorrento, Fitzroy, Hurstbridge, Flinders, Albert Park, Hampton, Toorak, Ivanhoe and Somers.
The 10 suburbs where house prices rose the most during the past year are Healesville, Albert Park, McCrae, Caulfield North, Chelsea, Wonga Park, Greenvale, South Yarra, Dromana and Seddon.
The 10 suburbs where house prices rose the most during the March quarter are Blairgowrie, Healesville, Portsea, Hawthorn East, Park Orchards, Patterson Lakes, Delahey, Warburton, Lysterfield and Edithvale.
The REIV suggests more than 30 sales are necessary in order to get an informed view of the suburb's median house price, but even with that number there will be distortions in quarterly median prices given the composition of sales during the period.
Suburb | Mar-12 Median | Quarterly Change | Annual Change |
ABBOTSFORD* | $715,000 | -10.6% | -6.0% |
$565,000 | 5.4% | -1.5% | |
ALBERT PARK* | $1,289,000 | -28.6% | 29.5% |
$1,110,000 | 16.8% | ||
$490,000 | 0.5% | -9.7% | |
ALTONA* | $580,000 | 1.8% | -9.9% |
ARMADALE* | $1,500,000 | 14.7% | -15.7% |
$750,000 | 9.1% | -3.2% | |
$847,500 | -3.1% | -10.6% | |
$650,000 | -15.6% | -7.5% | |
ASPENDALE GARDENS* | $577,000 | 12.6% | 2.8% |
$600,000 | -13.7% | -4.9% | |
$565,500 | 8.8% | 2.7% | |
$1,230,000 | -1.2% | -16.8% | |
Balwyn NORTH | $980,000 | -12.7% | -10.9% |
$427,500 | 0.2% | -9.4% | |
BAYSWATER* | $457,750 | 13.9% | -10.2% |
BEACONSFIELD* | $545,000 | 7.4% | |
BEAUMARIS* | $1,135,000 | 7.8% | -0.1% |
BELGRAVE* | $390,750 | 6.7% | 8.5% |
Bentleigh EAST | $658,500 | -2.4% | -8.5% |
$800,000 | 4.2% | -8.7% | |
$460,000 | 5.7% | -1.1% | |
BLACK ROCK* | $1,187,500 | -0.4% | -4.8% |
Blackburn NORTH* | $645,000 | 11.2% | 7.1% |
$552,500 | -11.5% | -10.7% | |
$854,500 | 10.1% | -5.4% | |
BLAIRGOWRIE | $657,500 | 39.9% | 8.1% |
$495,000 | 2.9% | -0.4% | |
$405,000 | -6.2% | -4.7% | |
$648,000 | 5.8% | -9.4% | |
$730,000 | -11.5% | -6.2% | |
BOX HILL* | $928,000 | -6.7% | 9.8% |
BRIGHTON | $1,520,000 | -2.9% | 3.3% |
$1,067,500 | -7.3% | -13.6% | |
BROADMEADOWS* | $300,500 | -11.8% | -21.0% |
BRUNSWICK | $675,000 | 3.1% | -3.2% |
$687,500 | -5.8% | -12.1% | |
$712,500 | 6.0% | -10.2% | |
$685,000 | 8.3% | 2.2% | |
BUNDOORA | $483,000 | -4.8% | -5.7% |
$440,000 | 3.8% | 0.1% | |
BURNSIDE* | $420,000 | -6.7% | |
$716,000 | 18.3% | 10.2% | |
BURWOOD* | $710,000 | 2.9% | -11.3% |
$1,426,000 | 11.4% | 1.0% | |
CANTERBURY* | $1,676,250 | 6.1% | -8.5% |
$837,250 | -12.3% | -21.8% | |
CARLTON* | $870,000 | ||
$677,500 | -15.3% | -22.3% | |
$425,000 | -6.6% | -7.6% | |
$344,250 | 3.4% | -1.6% | |
$1,255,000 | 17.8% | 25.1% | |
$870,000 | 6.9% | -7.9% | |
$600,000 | -1.8% | -21.1% | |
$620,000 | 13.8% | 23.5% | |
CHELTENHAM | $563,500 | -3.8% | -13.3% |
$465,000 | 6.5% | -5.7% | |
$457,500 | -5.2% | -14.1% | |
$634,000 | 9.7% | 0.2% | |
$780,000 | -4.9% | ||
$645,000 | 4.9% | 1.4% | |
$492,500 | 1.2% | -15.8% | |
COCKATOO* | $336,000 | 2.6% | -9.2% |
COLLINGWOOD* | $685,000 | 2.2% | |
$340,500 | 2.4% | -8.0% | |
$320,000 | 2.6% | -3.0% | |
$345,000 | -6.8% | -7.1% | |
$325,000 | -8.5% | -3.3% | |
$300,000 | -3.2% | -8.7% | |
CROYDON | $455,000 | 5.8% | -0.7% |
CROYDON HILLS* | $517,500 | -6.7% | -0.7% |
$520,000 | 13.0% | 0.0% | |
CROYDON SOUTH* | $450,000 | 7.3% | 0.4% |
Dandenong NORTH* | $405,000 | 6.6% | -2.6% |
$350,000 | -0.1% | -7.1% | |
DELAHEY* | $417,500 | 21.0% | 9.9% |
$420,000 | -8.2% | -12.5% | |
$577,725 | 13.8% | 10.6% | |
$520,000 | -0.8% | -3.7% | |
$741,250 | 10.6% | -5.1% | |
$668,500 | -4.5% | -9.0% | |
$737,500 | 0.1% | -3.6% | |
DOREEN | $490,000 | 0.8% | 2.1% |
$510,000 | -3.1% | 14.4% | |
$1,170,000 | -12.0% | ||
$643,000 | 19.1% | 6.3% | |
$1,185,000 | 0.6% | -6.7% | |
ELTHAM | $615,000 | -5.0% | -2.4% |
$631,125 | 1.4% | ||
$1,156,750 | -2.1% | -8.2% | |
EMERALD* | $427,800 | -15.5% | -19.7% |
$415,000 | 1.2% | 0.5% | |
EPPING | $368,500 | -1.1% | -7.9% |
$999,000 | 11.3% | 11.0% | |
$414,000 | 2.2% | -17.6% | |
FERNTREE GULLY | $430,000 | 1.4% | -1.4% |
$790,000 | -7.1% | -11.5% | |
FITZROY* | $792,250 | -20.9% | -29.9% |
$671,250 | 4.9% | 2.2% | |
FLINDERS* | $710,000 | -26.7% | -20.2% |
$560,000 | 13.1% | -10.8% | |
FOREST HILL* | $507,500 | -7.1% | -14.3% |
$357,000 | 1.3% | -0.8% | |
Frankston NORTH* | $246,225 | -2.3% | -15.6% |
$553,750 | 1.0% | -4.1% | |
GLADSTONE PARK* | $395,000 | 3.7% | -1.3% |
$1,310,000 | 15.9% | 8.9% | |
$690,000 | -4.3% | -5.9% | |
GLENROY* | $460,000 | 1.1% | -4.2% |
$594,000 | |||
$500,000 | 4.2% | -9.1% | |
GREENVALE* | $651,500 | -3.2% | 22.9% |
$360,000 | -5.2% | -0.4% | |
$710,125 | -2.7% | ||
HAMPTON* | $940,000 | -28.7% | -27.0% |
Hawthorn EAST* | $1,355,000 | 29.0% | -0.4% |
$1,387,500 | 6.1% | -9.0% | |
$580,000 | 37.9% | 37.8% | |
HEATHERTON* | $628,000 | ||
$535,000 | 8.1% | 5.4% | |
$558,000 | 17.0% | 1.6% | |
$367,500 | -12.5% | -7.2% | |
$831,000 | 7.9% | ||
$700,000 | -3.0% | -1.8% | |
HILLSIDE | $420,000 | 2.8% | -9.4% |
$310,000 | -6.2% | -5.8% | |
$719,500 | -2.8% | ||
HURSTBRIDGE* | $417,000 | -22.4% | |
$1,075,000 | -14.0% | -24.6% | |
IVANHOE* | $780,000 | -37.9% | -39.1% |
$421,250 | 5.8% | 0.4% | |
$540,000 | 0.9% | -15.6% | |
KENSINGTON* | $650,000 | -10.3% | -3.3% |
KEW | $1,530,000 | -4.4% | -21.3% |
$1,210,000 | 16.9% | 1.0% | |
$387,500 | -9.7% | -15.8% | |
$412,000 | -0.2% | -2.4% | |
KINGS PARK* | $325,000 | -1.5% | -5.8% |
$441,500 | |||
$576,875 | -8.7% | -14.9% | |
$482,500 | 2.5% | -1.2% | |
KURUNJANG* | $315,000 | 8.6% | 7.5% |
$355,000 | -3.4% | -17.4% | |
$383,750 | -2.5% | -10.8% | |
LILYDALE | $425,000 | -17.0% | -8.1% |
LOWER PLENTY* | $640,000 | 2.4% | |
LYNDHURST* | $420,000 | -7.7% | |
$662,125 | 19.3% | -0.2% | |
MACLEOD* | $545,050 | -5.4% | -20.2% |
$550,000 | 2.2% | 5.8% | |
$926,250 | -13.0% | -34.3% | |
MALVERN* | $1,585,000 | 11.6% | -2.8% |
$641,250 | -10.3% | -27.9% | |
MCCRAE* | $680,000 | -12.8% | 25.7% |
$875,000 | -1.2% | -4.4% | |
MELTON | $298,500 | 1.2% | 4.7% |
$236,750 | -0.3% | -6.2% | |
$625,000 | -3.5% | -15.5% | |
$420,000 | -0.2% | 2.4% | |
MIDDLE PARK* | $1,240,500 | 0.9% | -31.1% |
$408,000 | -2.9% | -0.5% | |
MILLGROVE* | $255,000 | ||
MITCHAM | $579,000 | 0.0% | -1.0% |
Baulkham Hills NORTH* | $758,750 | 0.2% | -22.3% |
$1,227,500 | -9.6% | 0.7% | |
MONTMORENCY* | $550,000 | 2.4% | -14.9% |
MONTROSE* | $420,000 | -7.7% | -6.7% |
$861,000 | 2.5% | 8.6% | |
$622,500 | 0.2% | -15.3% | |
$431,500 | 3.4% | -4.2% | |
$661,000 | -2.8% | 1.1% | |
MORNINGTON | $500,000 | 0.0% | -5.4% |
$725,000 | -8.8% | 0.0% | |
$400,747 | -4.6% | 5.5% | |
MOUNT MARTHA | $595,500 | -0.7% | -7.0% |
$722,000 | -2.5% | -6.8% | |
$485,000 | -3.0% | -10.4% | |
$782,500 | -4.6% | -13.1% | |
$348,000 | -3.3% | -4.9% | |
Baulkham Hills NORTH* | $685,000 | -17.6% | |
Baulkham Hills SOUTH | $397,500 | -8.6% | -4.2% |
NEWPORT | $581,000 | -7.0% | -22.3% |
$735,250 | 18.6% | -12.6% | |
$362,550 | -6.5% | -11.4% | |
$395,000 | 1.9% | -11.2% | |
NORTH Melbourne* | $792,500 | -12.9% | 11.6% |
$830,250 | 5.1% | 1.3% | |
$595,000 | 1.7% | 1.5% | |
$560,000 | 0.0% | -8.9% | |
$622,500 | 12.6% | ||
$593,000 | -1.2% | -14.5% | |
$648,500 | -2.1% | -6.0% | |
$855,000 | -6.3% | -15.6% | |
$340,000 | 0.0% | -4.0% | |
PARK ORCHARDS* | $1,100,000 | 28.1% | |
$705,000 | -6.0% | -9.6% | |
$647,500 | 6.6% | -7.5% | |
$550,000 | 3.7% | -13.0% | |
$646,000 | 25.4% | 5.9% | |
PEARCEDALE* | $410,000 | -18.0% | |
$471,000 | 4.7% | -5.8% | |
PORT Melbourne* | $921,250 | 1.1% | -17.0% |
PORTSEA* | $1,532,500 | 29.9% | -7.4% |
$940,000 | -5.8% | -6.9% | |
PRESTON | $587,000 | -0.5% | -0.4% |
RESERVOIR | $445,000 | -6.8% | -19.1% |
RICHMOND | $795,000 | -10.2% | -3.6% |
RINGWOOD | $510,000 | 8.3% | -9.2% |
$460,000 | -4.6% | -11.5% | |
$587,500 | 1.1% | -5.3% | |
$653,000 | 0.5% | -16.8% | |
$357,500 | -8.3% | -8.1% | |
Rosebud WEST* | $332,000 | -0.9% | -20.5% |
$550,000 | 7.3% | 1.2% | |
$364,000 | 1.1% | 1.0% | |
$430,000 | 2.4% | -4.4% | |
SAFETY BEACH* | $495,000 | -12.5% | -4.3% |
SANDHURST* | $651,500 | 7.2% | |
$1,092,000 | -5.0% | -9.0% | |
$482,900 | 6.4% | 0.6% | |
SEABROOK* | $400,000 | 7.4% | |
SEAFORD | $375,000 | -10.4% | -12.8% |
SEDDON* | $722,000 | 8.6% | 13.4% |
SEVILLE* | $385,000 | ||
SKYE* | $382,000 | -0.2% | 11.5% |
SOMERS* | $500,000 | -38.7% | |
SOMERVILLE* | $365,500 | -3.8% | -6.3% |
SORRENTO* | $767,500 | -18.4% | -8.4% |
SOUTH Melbourne* | $967,000 | -2.0% | -12.1% |
$425,000 | 3.7% | 1.2% | |
$1,070,000 | -6.6% | 19.0% | |
$600,000 | 12.6% | -11.9% | |
$426,000 | -0.2% | -11.0% | |
ST ALBANS | $346,500 | -5.3% | -10.7% |
$875,000 | -8.1% | -22.2% | |
ST KILDA* | $940,000 | -18.3% | 10.6% |
STRATHMORE* | $867,000 | 2.6% | -6.0% |
$345,000 | -1.4% | -8.0% | |
$420,000 | 3.1% | -12.5% | |
$358,000 | -3.9% | -14.3% | |
SUNSHINE* | $392,500 | -8.7% | -9.2% |
$1,130,000 | -6.8% | -6.8% | |
SYDENHAM* | $416,500 | 3.5% | -0.8% |
$387,500 | 11.0% | -1.9% | |
$490,000 | 16.7% | 8.9% | |
$480,000 | -4.4% | -5.9% | |
$900,000 | 7.4% | 12.5% | |
$630,000 | -8.0% | -15.7% | |
THE BASIN* | $402,000 | -8.6% | -4.3% |
$368,750 | -2.3% | -17.2% | |
$728,000 | 5.9% | 0.1% | |
$1,860,000 | -31.1% | -25.9% | |
TOOTGAROOK* | $356,500 | -3.0% | -12.0% |
$360,000 | -0.7% | -6.5% | |
UPWEY* | $460,000 | -4.2% | 2.2% |
$680,000 | 3.8% | 0.0% | |
$542,000 | -4.8% | -2.0% | |
$610,000 | 6.1% | -5.6% | |
$530,000 | -1.7% | -12.6% | |
$520,000 | 1.3% | -4.6% | |
WARBURTON* | $370,000 | 19.4% | |
WARRANDYTE* | $795,000 | 16.5% | -1.2% |
$447,500 | -8.7% | -10.5% | |
$290,000 | -1.9% | -7.9% | |
$541,000 | 6.3% | -1.6% | |
$663,000 | 16.0% | -3.1% | |
WILLIAMSTOWN | $901,000 | -1.8% | -1.5% |
WONGA PARK* | $835,000 | 6.0% | 23.0% |
$307,500 | 2.5% | -3.9% | |
YALLAMBIE* | $480,000 | ||
YARRA JUNCTION* | $360,000 | -0.3% | -20.0% |
$576,100 | -5.6% | -4.0% |
Source: Real Estate Institute of Victoria
*Indicates that fewer than 30 sales were recorded during the quarter
For more property research and latest sales, visit the REIV website.
