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.
A two bedroom unit at 1/48 Serell Street (below) was recently sold in March this year for $785,000.
Similarly a two bedroom unit at 4/5 Ellison Street, Malvern East (below) was recently sold in February this year for $771,000.
*Only suburbs with at least 25 sales in the relevant quarter are included
