Malvern East tops REIV unit median price growth with 24 percent

Malvern East tops REIV unit median price growth with 24 percent
Malvern East tops REIV unit median price growth with 24 percent

Malvern East has the highest growth for unit prices in Victoria according to the REIV.

Over the March quarter, Malvern East’s unit median price has risen by 24.1 percent from $621,500 to $771,000.

This is followed by Brighton with 23.50 percent and Reservoir with 21.40 percent.

Suburb Mar-17 Median Dec-16 Median Quarterly Change
Malvern East $771,000 $621,500 24.10%
BRIGHTON $1,300,000 $1,052,500 23.50%
RESERVOIR $555,000 $457,000 21.40%
Bundoora $400,000 $334,250 19.70%
BORONIA $571,000 $485,000 17.70%
BOX HILL $571,000 $485,000 17.70%
MELBOURNE $532,500 $455,000 17.00%
PRESTON $512,000 $442,500 15.70%
CARNEGIE $620,000 $539,950 14.80%
HAWTHORN EAST $706,000 $614,750 14.80%
Doncaster East $929,000 $824,000 12.70%
MARIBYRNONG $510,000 $453,500 12.50%
RINGWOOD $596,000 $530,125 12.40%
PRAHRAN $587,500 $523,500 12.20%
MITCHAM $731,500 $660,000 10.80%
PASCOE VALE $565,000 $510,000 10.80%
CROYDON $542,000 $494,500 9.60%
Bentleigh $842,500 $770,000 9.40%
BRIGHTON EAST $1,205,000 $1,101,000 9.40%
BRUNSWICK $530,000 $498,500 6.30%

A three bedroom unit at 9/602-606 Waverley Road, Malvern East (above) has been listed for between $750,000 to $825,000.

Similarly a two bedroom unit at 1/29 Grant Street, Malvern East (below) has been listed for within the median price range.

Malvern East tops REIV unit median price growth with 24 percent

A two bedroom unit at 1/48 Serell Street (below) was recently sold in March this year for $785,000.

Malvern East tops REIV unit median price growth with 24 percent

Similarly a two bedroom unit at 4/5 Ellison Street, Malvern East (below) was recently sold in February this year for $771,000.

Malvern East tops REIV unit median price growth with 24 percent

*Only suburbs with at least 25 sales in the relevant quarter are included

Tags: 
Reiv Malvern East

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