Coburg apartments top median price growth: REIV
Jonathan ChancellorDecember 7, 2020
The REIV has released details on the suburbs with the top growth in median unit prices in the December Quarter 2015.
| Suburb | Dec-15 Median | Sep-15 Median | Quarterly Change |
| COBURG | $540,000 | $461,000 | 17.1% |
| St Kilda | $530,000 | $455,000 | 16.5% |
| PRAHRAN | $555,000 | $483,000 | 14.9% |
| Balwyn | $892,500 | $781,000 | 14.3% |
| CLAYTON | $622,500 | $547,500 | 13.7% |
| ELSTERNWICK | $589,750 | $531,000 | 11.1% |
| MOUNT WAVERLEY | $795,000 | $727,500 | 9.3% |
| BRIGHTON EAST | $1,005,000 | $925,000 | 8.6% |
| Melbourne | $497,500 | $460,000 | 8.2% |
| RINGWOOD | $502,500 | $465,000 | 8.1% |
| FRANKSTON | $336,000 | $312,000 | 7.7% |
| Bentleigh | $890,000 | $828,750 | 7.4% |
| Mentone | $556,000 | $520,000 | 6.9% |
| FITZROY | $660,000 | $617,500 | 6.9% |
| BRUNSWICK | $504,750 | $472,500 | 6.8% |
| GLENROY | $445,000 | $418,000 | 6.5% |
| CHELTENHAM | $605,000 | $570,000 | 6.1% |
| NORTH MELBOURNE | $548,500 | $518,500 | 5.8% |
| ST KILDA EAST | $555,000 | $526,250 | 5.5% |
| NOBLE PARK | $372,500 | $353,750 | 5.3% |
Only suburbs with at least 25 sales in the relevant quarter are included.
Property Observer went looking for recent unit sales in Victoria's COBURG around the median price and came up with a few:
1. A three-bedroom apartment at 103C/41-43 Stockade Avenue (above) sold in December for $514,750
2. A two-bedroom unit at 7/30 Shaftsbury Street was sold for $553,000.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.