Elwood heads Melbourne's best 20 performing unit markets

Elwood heads Melbourne's best 20 performing unit markets
Elwood heads Melbourne's best 20 performing unit markets

There were 20 Melbourne suburbs with at least 25 unit sales in the June quarter included in the list of the best performing, according to the REIV.

Elwood headed the list jumping to a $709,000 median.

Property Observer found four Elwood apartment offerings and sales around the median price.

Suburb Jun-16 Median Mar-16 Median Quarterly Change
ELWOOD $709,000 $575,000 23.30%
Bentleigh EAST $920,000 $755,000 21.90%
HAWTHORN EAST $701,000 $575,000 21.90%
KENSINGTON $530,000 $435,000 21.80%
GLEN WAVERLEY $813,500 $682,000 19.30%
CARNEGIE $590,000 $501,000 17.80%
BRIGHTON $953,000 $815,000 16.90%
ARMADALE $643,500 $551,000 16.80%
CARLTON $405,500 $347,500 16.70%
South Melbourne $692,000 $600,000 15.30%
HIGHETT $712,500 $625,000 14.00%
DANDENONG $352,500 $310,000 13.70%
Caulfield North $652,500 $585,000 11.50%
COLLINGWOOD $686,000 $617,500 11.10%
THORNBURY $507,500 $460,000 10.30%
KEW $760,000 $690,000 10.10%
Brunswick East $575,000 $524,500 9.60%
MELBOURNE $440,000 $403,000 9.20%
PRAHRAN $541,000 $500,000 8.20%
ST ALBANS $340,000 $316,000 7.60%

A northern block apartment, 14/135-137 Brighton Road Elwood (above) recently sold for $580,000.

Apartment 3/145 Glen Huntly Road Elwood (below) recently sold for $670,000.

Elwood heads Melbourne's best 20 performing unit markets

 

The two bedroom apartment at 5/15 Dickens Street Elwood (below) recently sold for $686,000

Elwood heads Melbourne's best 20 performing unit markets

An apartment with city views, 26/125 Ormond Road Elwood (below) sold for $690,000

 Elwood heads Melbourne's best 20 performing unit markets

Tags: 
Apartment Sales Residential Market

Comments

Be the first one to comment on this article
What would you like to say about this project?