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

Cassidy KnowltonDecember 8, 2020

Affluent Melbourne suburbs showed the greatest increase in house prices in the June quarter, according to the Real Estate Institute of Victoria. 

House prices increased the most in the suburbs of Toorak, Middle Park, Hampton, Collingwood, Clifton Hill, Carlton North, Yarra Junction, Malvern East, Balwyn and Blackburn South during the quarter.

It's not likely that the 54.9% hike in the median price in Toorak, for example, represented an actual shift in prices, but rather the predominance of pricey unit sales within the fewer than 30 actual sales. The same goes with significant downwards shifts, which again reflect the dominence of a  particular market segment amid limited sales activity, rather than a dramatic price shift.

Overall Melbourne house prices rebounded 2.9% in the June quarter.

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.

SuburbJun-12 MedianQuarterly ChangeAnnual Change
ABBOTSFORD*$720,0000.70%-3.00%
Aberfeldie*$862,500-11.30%
AIRPORT WEST*$498,050-7.80%-14.10%
ALBERT PARK*$1,015,000-21.30%-27.50%
ALBION*$389,7502.60%
ALTONA MEADOWS*$403,5005.10%-5.40%
Altona North*$515,5005.20%-1.70%
ALTONA*$590,0000.90%-8.50%
ARDEER*$326,000-5.00%-14.70%
ARMADALE$1,370,000-8.70%-0.60%
ASCOT VALE*$750,0000.00%-4.50%
ASHBURTON*$900,0005.90%5.00%
ASPENDALE GARDENS*$550,000-4.70%3.30%
Aspendale*$611,0002.70%-7.40%
ATTWOOD*$565,000
AVONDALE HEIGHTS*$519,000-9.40%-17.30%
BALNARRING*$602,500
Balwyn$1,540,00026.20%20.30%
Balwyn NORTH$1,038,0005.60%-5.60%
BAYSWATER NORTH*$444,7504.00%-5.50%
BAYSWATER*$416,250-7.60%-9.00%
BEACONSFIELD*$552,5001.40%0.50%
BEAUMARIS$910,000-19.80%-10.80%
Bentleigh$808,0001.00%-9.30%
Bentleigh EAST$679,5003.70%-7.20%
BERWICK$450,000-5.90%-10.90%
BLACK ROCK*$1,125,000-5.30%-3.00%
BLACKBURN NORTH*$575,000-10.90%-11.30%
Blackburn South*$676,40022.40%4.50%
BLACKBURN*$806,000-8.90%0.80%
BLAIRGOWRIE*$653,5001.30%2.80%
BORONIA$430,0005.50%-0.60%
BOX HILL NORTH*$608,000-5.30%-11.90%
BOX HILL SOUTH*$720,000-1.40%0.60%
BOX HILL*$802,500-4.40%-16.40%
BRAYBROOK*$370,000-14.80%
BRIGHTON$1,535,000-0.80%-14.20%
BRIGHTON EAST$1,030,000-3.50%-1.90%
BROADMEADOWS*$320,0004.00%-13.60%
BROOKFIELD*$330,0001.10%
BRUNSWICK$675,0000.00%-0.40%
BRUNSWICK EAST*$728,2505.50%-13.30%
BRUNSWICK WEST*$740,0003.90%0.00%
BULLEEN*$710,0003.40%-4.20%
Bundoora$485,0000.80%-4.20%
BURNSIDE HEIGHTS*$420,000-4.50%3.70%
BURWOOD$772,5009.60%-4.00%
BURWOOD EAST*$601,000-12.00%-4.60%
CAIRNLEA*$490,0004.30%-8.10%
Camberwell$1,390,000-2.50%11.20%
CANTERBURY*$1,728,0003.10%-0.10%
Carlton North*$1,042,00029.80%18.70%
CARNEGIE*$785,0009.70%-13.50%
CAROLINE SPRINGS$425,0000.00%-4.50%
Carrum DOWNS*$320,000-6.80%-7.20%
Caulfield North*$1,275,0008.70%-8.90%
CAULFIELD SOUTH*$765,000-11.20%-15.50%
Caulfield*$1,252,500
Chadstone*$592,000-4.80%-4.90%
CHELSEA HEIGHTS*$451,632-14.00%
CHELSEA*$633,7502.20%26.80%
CHELTENHAM$634,00010.10%5.50%
CHIRNSIDE PARK$421,500-12.20%-10.30%
CLAYTON*$589,975-6.40%-0.20%
CLIFTON HILL*$1,020,75030.90%22.70%
Coburg$655,2501.20%-1.00%
Coburg North*$502,5002.00%2.60%
COCKATOO*$400,00018.30%11.10%
COLLINGWOOD*$880,00032.80%19.10%
CRAIGIEBURN$350,0002.90%-2.80%
CRANBOURNE$300,050-3.50%-6.90%
CRANBOURNE EAST*$358,5002.40%-9.90%
CRANBOURNE NORTH*$340,0003.00%-4.30%
CRANBOURNE WEST*$313,0001.00%-0.60%
CROYDON$427,500-9.00%-5.10%
CROYDON HILLS*$516,125-1.50%-6.90%
CROYDON NORTH*$525,0003.10%4.00%
CROYDON SOUTH*$437,250-2.80%0.50%
DALLAS*$295,500
DANDENONG NORTH*$403,000-0.50%-8.90%
DANDENONG*$420,000-0.60%-5.20%
DEER PARK$346,000-1.10%-0.10%
DELAHEY*$365,500-4.10%-4.30%
DERRIMUT*$388,000-8.70%-19.30%
DIAMOND CREEK*$546,625-3.30%8.70%
DIGGERS REST*$308,7504.00%
DINGLEY VILLAGE*$513,750-1.40%-9.10%
DONCASTER$720,000-2.90%-9.20%
DONCASTER EAST$650,000-2.80%-7.90%
DONVALE*$712,500-3.70%-16.20%
DOREEN$485,000-1.00%-4.60%
Doveton*$279,750-5.20%-16.50%
DROMANA*$473,000-11.50%2.70%
EAGLEMONT*$1,278,5009.30%-15.90%
EDITHVALE*$629,0500.50%13.30%
ELSTERNWICK*$1,125,000-5.30%-9.70%
ELTHAM$630,0004.00%-2.20%
ELTHAM NORTH*$608,000-3.70%8.10%
ELWOOD*$971,500-17.90%-36.00%
EMERALD*$411,000-3.90%-5.50%
ENDEAVOUR HILLS*$380,000-8.40%-10.60%
EPPING$381,5004.00%0.50%
ESSENDON$961,500-3.80%-8.70%
FAIRFIELD*$830,000-20.60%
FAWKNER$405,000-0.90%-10.00%
FERNTREE GULLY$417,600-3.30%-8.90%
FITZROY NORTH*$846,5005.80%-3.80%
FITZROY*$960,50021.20%16.20%
FLEMINGTON*$767,50014.30%14.50%
Footscray$570,0001.80%-5.80%
FOREST HILL*$587,75012.50%11.20%
FRANKSTON$330,500-7.20%-10.70%
FRANKSTON NORTH*$238,750-3.50%-16.80%
FRANKSTON SOUTH$516,250-5.70%-3.70%
GLADSTONE PARK*$410,0003.80%5.10%
Glen Iris$1,097,250-15.70%-12.20%
GLEN WAVERLEY$736,5005.20%2.00%
GLENROY$425,000-7.60%-13.90%
GREENSBOROUGH$480,000-4.00%-8.70%
GREENVALE*$580,000-11.00%7.90%
HADFIELD*$420,000-18.70%
HALLAM*$373,5003.80%
HAMPTON EAST*$738,0003.90%-1.50%
HAMPTON*$1,260,00033.00%-10.00%
HASTINGS*$300,000-14.90%-11.20%
Hawthorn$1,350,0000.00%1.50%
Hawthorn EAST$1,133,500-21.10%-7.70%
HEALESVILLE*$427,500-25.70%2.80%
HEATHMONT$519,750-3.30%-5.50%
HEIDELBERG HEIGHTS*$530,000-5.00%1.00%
HEIDELBERG WEST*$412,00012.10%-4.60%
HEIDELBERG*$770,000-7.30%0.70%
HIGHETT*$650,000-7.10%-11.60%
HILLSIDE (MELTON)$430,0004.90%-2.30%
HOPPERS CROSSING$315,0001.60%-4.50%
HUGHESDALE*$690,000-4.10%4.90%
HURSTBRIDGE*$475,00014.90%5.60%
IVANHOE EAST*$1,204,2502.10%-10.80%
IVANHOE*$855,0009.60%-24.80%
KEILOR DOWNS*$411,000-2.40%-4.40%
KEILOR EAST*$515,000-5.20%-13.40%
KEILOR*$515,000-11.70%
KENSINGTON*$715,00010.00%-6.20%
Kew$1,348,750-13.50%0.30%
Kew EAST*$1,130,000-6.60%-10.00%
KEYSBOROUGH$433,0007.60%-1.10%
KILSYTH$415,0000.40%-8.10%
KNOXFIELD*$447,528-7.20%-7.20%
KURUNJANG*$262,500-16.70%-6.10%
LALOR*$368,5003.80%-8.00%
LANGWARRIN$426,30011.50%6.60%
LAVERTON*$332,7501.10%
LILYDALE$410,000-2.40%-7.30%
LYNDHURST*$448,0001.20%-18.50%
LYSTERFIELD*$595,300-12.70%-5.90%
MACLEOD*$557,5002.30%-7.90%
Maidstone*$544,000-1.10%-2.90%
MALVERN$1,651,0004.20%-7.50%
Malvern East$1,173,50026.70%6.70%
MARIBYRNONG*$597,500-6.80%-28.70%
MCCRAE*$439,000-35.40%-37.30%
MCKINNON*$947,0008.20%
MEADOW HEIGHTS*$295,000-8.50%
MELTON$274,000-8.20%-13.00%
MELTON SOUTH*$242,2502.30%0.90%
Mentone*$695,0008.60%-4.50%
MERNDA*$355,000-16.50%-11.40%
MIDDLE PARK*$1,700,00037.00%46.00%
MILL PARK$410,0000.50%-0.20%
MITCHAM*$597,5003.20%-2.00%
Mont Albert NORTH*$765,000-3.00%-14.80%
Mont Albert*$1,180,000-3.90%-3.50%
MONTMORENCY*$530,000-3.60%-7.20%
MONTROSE*$450,0002.70%-14.30%
MOONEE PONDS*$761,000-11.60%-0.90%
MOORABBIN*$540,000-13.30%-12.20%
MOOROOLBARK$440,5002.40%-0.50%
MORDIALLOC*$631,000-4.50%-11.40%
MORNINGTON$501,2501.30%-7.70%
MOUNT ELIZA$677,500-3.60%-12.90%
MOUNT EVELYN*$442,75012.70%3.00%
MOUNT MARTHA$612,5000.40%-9.50%
MOUNT WAVERLEY$735,0002.30%1.40%
MULGRAVE$511,2505.40%-3.10%
MURRUMBEENA*$756,000-3.40%-6.10%
NARRE WARREN$363,7502.50%-5.50%
NARRE WARREN SOUTH$405,0002.50%2.50%
NEWPORT$630,0008.40%-3.80%
NIDDRIE*$619,750-15.70%-29.10%
NOBLE PARK$374,250-3.80%-10.60%
NOBLE PARK NORTH*$385,5006.30%6.80%
North Melbourne*$822,7503.80%6.90%
NORTH WARRANDYTE*$787,5009.70%
NORTHCOTE$827,500-0.30%-6.40%
Nunawading$566,500-5.30%-7.10%
OAK PARK*$615,0009.80%3.80%
OAKLEIGH EAST*$575,666-3.20%
OAKLEIGH SOUTH*$610,0002.90%-1.60%
OAKLEIGH*$606,000-4.90%-13.40%
OFFICER*$465,0001.30%
ORMOND*$855,000-0.60%1.10%
PAKENHAM$355,0007.30%-0.40%
PARK ORCHARDS*$885,000-19.50%-14.20%
Parkdale*$610,000-12.90%-22.60%
PASCOE VALE SOUTH*$630,000-2.70%5.00%
PASCOE VALE*$557,5001.40%-4.90%
PATTERSON LAKES*$716,00012.00%-0.60%
POINT COOK$462,5000.50%-7.50%
PORT Melbourne$925,0000.40%-8.00%
PRAHRAN*$1,093,75014.80%-0.60%
PRESTON$552,750-6.30%-12.30%
Reservoir$475,5006.90%-7.70%
RICHMOND$808,000-2.70%-3.80%
RINGWOOD EAST*$470,0000.00%-10.00%
RINGWOOD NORTH$583,000-1.20%5.60%
RINGWOOD*$485,0003.20%-3.00%
ROSANNA*$715,0008.50%1.00%
ROSEBUD$380,7504.70%2.20%
ROSEBUD WEST*$324,000-1.80%-14.50%
ROWVILLE$520,0000.00%-1.90%
ROXBURGH PARK$350,000-2.30%-8.40%
RYE$440,0001.50%-5.60%
SAFETY BEACH*$450,000-9.10%-20.60%
SANDHURST*$420,000-34.70%-23.90%
SANDRINGHAM*$1,285,00017.70%2.80%
SCORESBY*$437,500-6.10%-7.10%
SEABROOK*$378,500-5.40%-19.50%
SEAFORD$400,0003.40%-3.60%
SEDDON*$638,500-11.70%-0.20%
SKYE*$363,000-12.50%-4.50%
SOMERVILLE$400,0009.30%0.60%
SORRENTO*$680,000-11.40%-22.30%
South Melbourne*$1,060,0009.60%22.00%
SOUTH MORANG$435,0002.40%3.00%
SOUTH YARRA*$1,240,00015.90%20.20%
SPOTSWOOD*$620,0003.30%-1.60%
Springvale*$463,0008.70%-5.50%
ST ALBANS$330,000-5.20%-25.00%
St Kilda East*$940,0007.40%4.40%
St Kilda*$977,0003.90%13.20%
STRATHMORE*$825,000-3.50%5.10%
SUNBURY$360,0004.00%-3.60%
SUNSHINE$380,000-6.20%-10.60%
SUNSHINE NORTH*$418,000-0.80%-3.40%
SUNSHINE WEST*$366,0000.00%-2.70%
SURREY HILLS$1,150,0001.80%2.10%
SYDENHAM*$420,0000.80%-1.20%
TARNEIT$372,000-3.60%2.70%
TAYLORS HILL*$480,000-1.50%-5.60%
TAYLORS LAKES*$520,0001.00%-2.30%
Templestowe$840,000-6.70%-7.40%
Templestowe LOWER*$650,0004.00%-11.60%
THE BASIN*$417,0003.70%3.30%
Thomastown*$360,000-2.40%-12.20%
THORNBURY$685,500-5.80%-5.80%
Toorak*$2,881,25054.90%30.30%
TOOTGAROOK*$390,0009.40%-2.50%
TRUGANINA$337,250-6.30%-3.60%
Tullamarine*$385,000-1.30%-6.10%
UPPER FERNTREE GULLY*$391,000
UPWEY*$430,000-4.40%
VERMONT$530,000-2.90%-5.00%
VERMONT SOUTH*$662,000-2.60%-6.10%
VIEWBANK*$570,000-10.20%-10.90%
WANDIN NORTH*$539,000
WANTIRNA SOUTH*$527,000-0.60%-10.00%
WANTIRNA*$580,00012.20%10.10%
WARBURTON*$308,500-16.60%-11.90%
WARRANDYTE*$674,500-2.20%-18.30%
WARRANWOOD*$592,800-5.50%-14.40%
WATSONIA NORTH*$490,000
WATSONIA*$447,750-2.30%-10.50%
WERRIBEE$290,000-1.70%-9.90%
WEST Footscray$507,500-6.20%-7.70%
WESTMEADOWS*$362,500-11.00%
WHEELERS HILL$682,0003.20%-1.90%
WILLIAMSTOWN$870,000-3.50%0.60%
WONGA PARK*$835,0000.00%1.50%
WYNDHAM VALE$299,000-2.00%-9.40%
YARRA JUNCTION*$460,00027.80%
YARRAVILLE$565,000-1.90%-13.10%

 

*Indicates that fewer than 30 sales were recorded during the quarter and this can result in greater volatility

Source: REIV

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