Doncaster houses top list of 2017 Melbourne property hotspots

Doncaster takes the top spot as Melbourne's 2016/2017 hotspot for investing in houses with an expected increase of seven percent over the next 12 months.

The median price at Doncaster is currently $1,250,000 according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.

An example would be a four bedroom home currently on sale for $1,200,000 at 7 Grange Park Avenue, (below) which is $50,000 below the median price.

Similarly a four bedroom at 9 Lauer Street (below) sold for $1,416,000 earlier this month, some $150,000 above the median price for the suburb.

The Smart Investor magazine, published by Fairfax Media, ranked Mount Waverley as second best hotspot.

Suburb                  Postcode           Median price            12 month forecast

Doncaster            3108                   $1,250,000                 7%

Mount Waverley     3149                   $1,225,000                 6%

Glen Waverly       3150                   $1,220,000                  5%

Hawthorn            3122                   $1,850,000                  5%

Ashwood             3147                   $1,164,444                  5%

Ashburton            3147                  $1,500,000                  5%

Parkville               3052                  $1,280,000                  4%

South Yarra          3141                  $1,470,000                  4%

Prahran                3181                 $1,306,500                   4%

South Melbourne   3205                 $1,230,000                   3%