Coburg apartments top median price growth: REIV

Coburg apartments top median price growth: REIV
Coburg apartments top median price growth: REIV

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:

Coburg apartments top median price growth: REIV

1. A three-bedroom apartment at 103C/41-43 Stockade Avenue (above) sold in December for $514,750 

 Coburg apartments top median price growth: REIV

2. A two-bedroom unit at 7/30 Shaftsbury Street was sold for $553,000.

Jonathan Chancellor

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.

Tags: 
Median Price Residential Property

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