Inner, Middle, Outer - which Melbourne suburbs have the highest annual price growth?
Melbourne's buoyant inner city property market secured 13.6% annual price growth, according to REIV chief executive officer Enzo Raimondo who said the market continued to reach new levels during the current boom.
The overall metro Melbourne median house price of $706,000 was up 6.3% annually, he said.
Growth within inner suburbs recorded an increase of 6.2% just in the recent quarter.
He said that the number of million dollar suburbs across the city skyrocketed to 78 this quarter – 16 more than in the previous (March) quarter
Regional Victoria also had smaller price increases, with the median price of a home in regional Victoria increasing in the June quarter, up 1.5% to $346,000.
June Quarter 2015 Metropolitan Median Prices
| Metro Melbourne | Jun-15 Quarter | Quarterly change | Mar-15 Quarter | Annual change |
| House | $706,000 | 5.2% | $671,000 | 6.30% |
| Unit | $520,000 | 1.3% | $513,500 | 4.10% |
| Inner | Jun-15 Quarter | Quarterly change | Mar-15 Quarter | Annual change |
| House | $1,239,500 | 6.2% | $1,167,500 | 13.60% |
| Unit | $545,500 | 0.3% | $544,000 | 1.90% |
| Middle | Jun-15 Quarter | Quarterly change | Mar-15 Quarter | Annual change |
| House | $827,500 | 5.1% | $787,500 | 11.20% |
| Unit | $574,000 | -0.3% | $576,000 | 8.70% |
| Outer | Jun-15 Quarter | Quarterly change | Mar-15 Quarter | Annual change |
| House | $525,500 | 5.0% | $500,500 | 5.80% |
| Unit | $399,000 | 1.9% | $391,500 | 3.70% |
Note: median prices are seasonally adjusted and annual change are based on rolling annual change
Click here to find out what a median is, what seasonal adjustment is and why the REIV uses them.
Median prices over time
This graph shows median house and unit prices in Melbourne over the past decade in seasonally adjusted terms.
