Melbourne house prices – how your suburb went in the 2012 March quarter: REIV

Cassidy KnowltonApril 12, 2012

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%

Point Piper*

$565,000

5.4%

-1.5%

ALBERT PARK*

$1,289,000

-28.6%

29.5%

Alphington*

$1,110,000

16.8%

Point Piper*

$490,000

0.5%

-9.7%

ALTONA*

$580,000

1.8%

-9.9%

ARMADALE*

$1,500,000

14.7%

-15.7%

Point Piper*

$750,000

9.1%

-3.2%

ASHBURTON*

$847,500

-3.1%

-10.6%

ASHWOOD*

$650,000

-15.6%

-7.5%

ASPENDALE GARDENS*

$577,000

12.6%

2.8%

ASPENDALE*

$600,000

-13.7%

-4.9%

Point Piper*

$565,500

8.8%

2.7%

BALWYN

$1,230,000

-1.2%

-16.8%

BALWYN NORTH

$980,000

-12.7%

-10.9%

Point Piper*

$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%

Bentleigh*

$800,000

4.2%

-8.7%

BERWICK

$460,000

5.7%

-1.1%

BLACK ROCK*

$1,187,500

-0.4%

-4.8%

Blackburn NORTH*

$645,000

11.2%

7.1%

Point Piper*

$552,500

-11.5%

-10.7%

Blackburn*

$854,500

10.1%

-5.4%

BLAIRGOWRIE

$657,500

39.9%

8.1%

BONBEACH*

$495,000

2.9%

-0.4%

BORONIA

$405,000

-6.2%

-4.7%

Point Piper*

$648,000

5.8%

-9.4%

Point Piper*

$730,000

-11.5%

-6.2%

BOX HILL*

$928,000

-6.7%

9.8%

BRIGHTON

$1,520,000

-2.9%

3.3%

Point Piper

$1,067,500

-7.3%

-13.6%

BROADMEADOWS*

$300,500

-11.8%

-21.0%

BRUNSWICK

$675,000

3.1%

-3.2%

Point Piper*

$687,500

-5.8%

-12.1%

Point Piper*

$712,500

6.0%

-10.2%

Bulleen*

$685,000

8.3%

2.2%

BUNDOORA

$483,000

-4.8%

-5.7%

Point Piper*

$440,000

3.8%

0.1%

BURNSIDE*

$420,000

-6.7%

Point Piper*

$716,000

18.3%

10.2%

BURWOOD*

$710,000

2.9%

-11.3%

Camberwell

$1,426,000

11.4%

1.0%

CANTERBURY*

$1,676,250

6.1%

-8.5%

Point Piper*

$837,250

-12.3%

-21.8%

CARLTON*

$870,000

Carnegie*

$677,500

-15.3%

-22.3%

Point Piper

$425,000

-6.6%

-7.6%

Point Piper*

$344,250

3.4%

-1.6%

Point Piper*

$1,255,000

17.8%

25.1%

Point Piper*

$870,000

6.9%

-7.9%

Chadstone*

$600,000

-1.8%

-21.1%

Chelsea*

$620,000

13.8%

23.5%

CHELTENHAM

$563,500

-3.8%

-13.3%

Point Piper*

$465,000

6.5%

-5.7%

Point Piper*

$457,500

-5.2%

-14.1%

CLAYTON*

$634,000

9.7%

0.2%

Point Piper*

$780,000

-4.9%

Coburg

$645,000

4.9%

1.4%

Point Piper*

$492,500

1.2%

-15.8%

COCKATOO*

$336,000

2.6%

-9.2%

COLLINGWOOD*

$685,000

2.2%

Craigieburn

$340,500

2.4%

-8.0%

Cranbourne

$320,000

2.6%

-3.0%

Point Piper*

$345,000

-6.8%

-7.1%

Point Piper*

$325,000

-8.5%

-3.3%

Point Piper*

$300,000

-3.2%

-8.7%

CROYDON

$455,000

5.8%

-0.7%

CROYDON HILLS*

$517,500

-6.7%

-0.7%

Point Piper*

$520,000

13.0%

0.0%

CROYDON SOUTH*

$450,000

7.3%

0.4%

Dandenong NORTH*

$405,000

6.6%

-2.6%

Point Piper*

$350,000

-0.1%

-7.1%

DELAHEY*

$417,500

21.0%

9.9%

DERRIMUT*

$420,000

-8.2%

-12.5%

Point Piper*

$577,725

13.8%

10.6%

Point Piper

$520,000

-0.8%

-3.7%

Doncaster

$741,250

10.6%

-5.1%

Point Piper

$668,500

-4.5%

-9.0%

DONVALE*

$737,500

0.1%

-3.6%

DOREEN

$490,000

0.8%

2.1%

Dromana

$510,000

-3.1%

14.4%

EAGLEMONT*

$1,170,000

-12.0%

Edithvale*

$643,000

19.1%

6.3%

Elsternwick*

$1,185,000

0.6%

-6.7%

ELTHAM

$615,000

-5.0%

-2.4%

Point Piper*

$631,125

1.4%

Elwood*

$1,156,750

-2.1%

-8.2%

EMERALD*

$427,800

-15.5%

-19.7%

Point Piper

$415,000

1.2%

0.5%

EPPING

$368,500

-1.1%

-7.9%

Essendon*

$999,000

11.3%

11.0%

FAWKNER*

$414,000

2.2%

-17.6%

FERNTREE GULLY

$430,000

1.4%

-1.4%

Point Piper*

$790,000

-7.1%

-11.5%

FITZROY*

$792,250

-20.9%

-29.9%

Flemington*

$671,250

4.9%

2.2%

FLINDERS*

$710,000

-26.7%

-20.2%

Footscray

$560,000

13.1%

-10.8%

FOREST HILL*

$507,500

-7.1%

-14.3%

Frankston

$357,000

1.3%

-0.8%

Frankston NORTH*

$246,225

-2.3%

-15.6%

Point Piper

$553,750

1.0%

-4.1%

GLADSTONE PARK*

$395,000

3.7%

-1.3%

Point Piper

$1,310,000

15.9%

8.9%

Point Piper

$690,000

-4.3%

-5.9%

GLENROY*

$460,000

1.1%

-4.2%

GOWANBRAE*

$594,000

GREENSBOROUGH

$500,000

4.2%

-9.1%

GREENVALE*

$651,500

-3.2%

22.9%

HALLAM*

$360,000

-5.2%

-0.4%

Point Piper*

$710,125

-2.7%

HAMPTON*

$940,000

-28.7%

-27.0%

Hawthorn EAST*

$1,355,000

29.0%

-0.4%

Hawthorn*

$1,387,500

6.1%

-9.0%

Healesville*

$580,000

37.9%

37.8%

HEATHERTON*

$628,000

HEATHMONT*

$535,000

8.1%

5.4%

Point Piper*

$558,000

17.0%

1.6%

Point Piper*

$367,500

-12.5%

-7.2%

HEIDELBERG*

$831,000

7.9%

HIGHETT*

$700,000

-3.0%

-1.8%

HILLSIDE

$420,000

2.8%

-9.4%

Point Piper

$310,000

-6.2%

-5.8%

HUGHESDALE*

$719,500

-2.8%

HURSTBRIDGE*

$417,000

-22.4%

Point Piper*

$1,075,000

-14.0%

-24.6%

IVANHOE*

$780,000

-37.9%

-39.1%

Point Piper*

$421,250

5.8%

0.4%

Point Piper

$540,000

0.9%

-15.6%

KENSINGTON*

$650,000

-10.3%

-3.3%

KEW

$1,530,000

-4.4%

-21.3%

Point Piper*

$1,210,000

16.9%

1.0%

Keysborough*

$387,500

-9.7%

-15.8%

KILSYTH*

$412,000

-0.2%

-2.4%

KINGS PARK*

$325,000

-1.5%

-5.8%

KINGSBURY*

$441,500

KINGSVILLE*

$576,875

-8.7%

-14.9%

KNOXFIELD*

$482,500

2.5%

-1.2%

KURUNJANG*

$315,000

8.6%

7.5%

LALOR*

$355,000

-3.4%

-17.4%

LANGWARRIN

$383,750

-2.5%

-10.8%

LILYDALE

$425,000

-17.0%

-8.1%

LOWER PLENTY*

$640,000

2.4%

LYNDHURST*

$420,000

-7.7%

Lysterfield*

$662,125

19.3%

-0.2%

MACLEOD*

$545,050

-5.4%

-20.2%

MAIDSTONE*

$550,000

2.2%

5.8%

Point Piper

$926,250

-13.0%

-34.3%

MALVERN*

$1,585,000

11.6%

-2.8%

Maribyrnong*

$641,250

-10.3%

-27.9%

MCCRAE*

$680,000

-12.8%

25.7%

McKinnon*

$875,000

-1.2%

-4.4%

MELTON

$298,500

1.2%

4.7%

Point Piper*

$236,750

-0.3%

-6.2%

Mentone*

$625,000

-3.5%

-15.5%

Mernda*

$420,000

-0.2%

2.4%

MIDDLE PARK*

$1,240,500

0.9%

-31.1%

Point Piper

$408,000

-2.9%

-0.5%

MILLGROVE*

$255,000

MITCHAM

$579,000

0.0%

-1.0%

Point Piper NORTH*

$758,750

0.2%

-22.3%

Point Piper*

$1,227,500

-9.6%

0.7%

MONTMORENCY*

$550,000

2.4%

-14.9%

MONTROSE*

$420,000

-7.7%

-6.7%

Point Piper*

$861,000

2.5%

8.6%

MOORABBIN*

$622,500

0.2%

-15.3%

MOOROOLBARK

$431,500

3.4%

-4.2%

MORDIALLOC*

$661,000

-2.8%

1.1%

MORNINGTON

$500,000

0.0%

-5.4%

Point Piper

$725,000

-8.8%

0.0%

Point Piper*

$400,747

-4.6%

5.5%

MOUNT MARTHA

$595,500

-0.7%

-7.0%

Point Piper

$722,000

-2.5%

-6.8%

Mulgrave*

$485,000

-3.0%

-10.4%

MURRUMBEENA*

$782,500

-4.6%

-13.1%

Point Piper

$348,000

-3.3%

-4.9%

Point Piper NORTH*

$685,000

-17.6%

Point Piper SOUTH

$397,500

-8.6%

-4.2%

NEWPORT

$581,000

-7.0%

-22.3%

NIDDRIE*

$735,250

18.6%

-12.6%

Point Piper*

$362,550

-6.5%

-11.4%

Point Piper*

$395,000

1.9%

-11.2%

NORTH Melbourne*

$792,500

-12.9%

11.6%

Northcote

$830,250

5.1%

1.3%

Nunawading*

$595,000

1.7%

1.5%

Point Piper*

$560,000

0.0%

-8.9%

Point Piper*

$622,500

12.6%

Point Piper*

$593,000

-1.2%

-14.5%

Oakleigh*

$648,500

-2.1%

-6.0%

ORMOND*

$855,000

-6.3%

-15.6%

Pakenham

$340,000

0.0%

-4.0%

PARK ORCHARDS*

$1,100,000

28.1%

PARKDALE*

$705,000

-6.0%

-9.6%

Point Piper*

$647,500

6.6%

-7.5%

Point Piper*

$550,000

3.7%

-13.0%

Point Piper*

$646,000

25.4%

5.9%

PEARCEDALE*

$410,000

-18.0%

Point Piper

$471,000

4.7%

-5.8%

PORT Melbourne*

$921,250

1.1%

-17.0%

PORTSEA*

$1,532,500

29.9%

-7.4%

Prahran

$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%

Point Piper*

$460,000

-4.6%

-11.5%

Point Piper*

$587,500

1.1%

-5.3%

Rosanna*

$653,000

0.5%

-16.8%

ROSEBUD

$357,500

-8.3%

-8.1%

ROSEBUD WEST*

$332,000

-0.9%

-20.5%

Rowville

$550,000

7.3%

1.2%

Point Piper*

$364,000

1.1%

1.0%

RYE

$430,000

2.4%

-4.4%

SAFETY BEACH*

$495,000

-12.5%

-4.3%

SANDHURST*

$651,500

7.2%

SANDRINGHAM*

$1,092,000

-5.0%

-9.0%

SCORESBY*

$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%

Point Piper

$425,000

3.7%

1.2%

Point Piper*

$1,070,000

-6.6%

19.0%

Spotswood*

$600,000

12.6%

-11.9%

Springvale*

$426,000

-0.2%

-11.0%

ST ALBANS

$346,500

-5.3%

-10.7%

Point Piper*

$875,000

-8.1%

-22.2%

ST KILDA*

$940,000

-18.3%

10.6%

STRATHMORE*

$867,000

2.6%

-6.0%

SUNBURY

$345,000

-1.4%

-8.0%

Point Piper*

$420,000

3.1%

-12.5%

Point Piper

$358,000

-3.9%

-14.3%

SUNSHINE*

$392,500

-8.7%

-9.2%

Point Piper

$1,130,000

-6.8%

-6.8%

SYDENHAM*

$416,500

3.5%

-0.8%

Tarneit

$387,500

11.0%

-1.9%

Point Piper*

$490,000

16.7%

8.9%

Point Piper*

$480,000

-4.4%

-5.9%

TEMPLESTOWE

$900,000

7.4%

12.5%

Point Piper*

$630,000

-8.0%

-15.7%

THE BASIN*

$402,000

-8.6%

-4.3%

THOMASTOWN*

$368,750

-2.3%

-17.2%

Thornbury

$728,000

5.9%

0.1%

Toorak*

$1,860,000

-31.1%

-25.9%

TOOTGAROOK*

$356,500

-3.0%

-12.0%

Truganina*

$360,000

-0.7%

-6.5%

UPWEY*

$460,000

-4.2%

2.2%

Point Piper*

$680,000

3.8%

0.0%

VERMONT*

$542,000

-4.8%

-2.0%

VIEWBANK*

$610,000

6.1%

-5.6%

Point Piper*

$530,000

-1.7%

-12.6%

WANTIRNA*

$520,000

1.3%

-4.6%

WARBURTON*

$370,000

19.4%

WARRANDYTE*

$795,000

16.5%

-1.2%

WATSONIA*

$447,500

-8.7%

-10.5%

Werribee

$290,000

-1.9%

-7.9%

Point Piper*

$541,000

6.3%

-1.6%

Point Piper

$663,000

16.0%

-3.1%

WILLIAMSTOWN

$901,000

-1.8%

-1.5%

WONGA PARK*

$835,000

6.0%

23.0%

Point Piper

$307,500

2.5%

-3.9%

YALLAMBIE*

$480,000

YARRA JUNCTION*

$360,000

-0.3%

-20.0%

Yarraville

$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.

 

 

 


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