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

The latest data from the Real Estate Institute of Victoria shows housing prices fell the deepest in more affluent suburbs of Victoria in the past year. The 10 suburbs where house prices fell the most during the year are Ivanhoe, Malvern East, Middle Park, Fitzroy, Hampton, Toorak, Ivanhoe East and Carnegie, and Maribyrmong.

The 10 suburbs where house prices fell the most during the March quarter are Lilydale, St Kilda, Sorrento, Fitzroy, Hurstbridge, Flinders, Albert Park, Hampton, Toorak, Ivanhoe and Somers.

The 10 suburbs where house prices rose the most during the past year are Healesville, Albert Park, McCrae, Caulfield North, Chelsea, Wonga Park, Greenvale, South Yarra, Dromana and Seddon.

The 10 suburbs where house prices rose the most during the March quarter are Blairgowrie, Healesville, Portsea, Hawthorn East, Park Orchards, Patterson Lakes, Delahey, Warburton, Lysterfield and Edithvale.

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.

Suburb

Mar-12 Median

Quarterly Change

Annual Change

ABBOTSFORD*

$715,000

-10.6%

-6.0%

AIRPORT WEST*

$565,000

5.4%

-1.5%

ALBERT PARK*

$1,289,000

-28.6%

29.5%

Alphington*

$1,110,000

16.8%

HIP V*

$490,000

0.5%

-9.7%

ALTONA*

$580,000

1.8%

-9.9%

ARMADALE*

$1,500,000

14.7%

-15.7%

ASCOT VALE*

$750,000

9.1%

-3.2%

ASHBURTON*

$847,500

-3.1%

-10.6%

ASHWOOD*

$650,000

-15.6%

-7.5%

Aspendale GARDENS*

$577,000

12.6%

2.8%

Aspendale*

$600,000

-13.7%

-4.9%

AVONDALE HEIGHTS*

$565,500

8.8%

2.7%

Balwyn

$1,230,000

-1.2%

-16.8%

HIP V

$980,000

-12.7%

-10.9%

BAYSWATER NORTH*

$427,500

0.2%

-9.4%

BAYSWATER*

$457,750

13.9%

-10.2%

BEACONSFIELD*

$545,000

7.4%

BEAUMARIS*

$1,135,000

7.8%

-0.1%

BELGRAVE*

$390,750

6.7%

8.5%

Bentleigh EAST

$658,500

-2.4%

-8.5%

Bentleigh*

$800,000

4.2%

-8.7%

BERWICK

$460,000

5.7%

-1.1%

BLACK ROCK*

$1,187,500

-0.4%

-4.8%

BLACKBURN NORTH*

$645,000

11.2%

7.1%

HIP V*

$552,500

-11.5%

-10.7%

BLACKBURN*

$854,500

10.1%

-5.4%

BLAIRGOWRIE

$657,500

39.9%

8.1%

BONBEACH*

$495,000

2.9%

-0.4%

BORONIA

$405,000

-6.2%

-4.7%

BOX HILL NORTH*

$648,000

5.8%

-9.4%

HIP V*

$730,000

-11.5%

-6.2%

BOX HILL*

$928,000

-6.7%

9.8%

BRIGHTON

$1,520,000

-2.9%

3.3%

BRIGHTON EAST

$1,067,500

-7.3%

-13.6%

BROADMEADOWS*

$300,500

-11.8%

-21.0%

BRUNSWICK

$675,000

3.1%

-3.2%

HIP V*

$687,500

-5.8%

-12.1%

BRUNSWICK WEST*

$712,500

6.0%

-10.2%

BULLEEN*

$685,000

8.3%

2.2%

Bundoora

$483,000

-4.8%

-5.7%

BURNSIDE HEIGHTS*

$440,000

3.8%

0.1%

BURNSIDE*

$420,000

-6.7%

HIP V*

$716,000

18.3%

10.2%

BURWOOD*

$710,000

2.9%

-11.3%

CAMBERWELL

$1,426,000

11.4%

1.0%

CANTERBURY*

$1,676,250

6.1%

-8.5%

HIP V*

$837,250

-12.3%

-21.8%

CARLTON*

$870,000

CARNEGIE*

$677,500

-15.3%

-22.3%

CAROLINE SPRINGS

$425,000

-6.6%

-7.6%

CARRUM DOWNS*

$344,250

3.4%

-1.6%

HIP V*

$1,255,000

17.8%

25.1%

HIP V*

$870,000

6.9%

-7.9%

Chadstone*

$600,000

-1.8%

-21.1%

CHELSEA*

$620,000

13.8%

23.5%

CHELTENHAM

$563,500

-3.8%

-13.3%

CHIRNSIDE PARK*

$465,000

6.5%

-5.7%

HIP V*

$457,500

-5.2%

-14.1%

CLAYTON*

$634,000

9.7%

0.2%

CLIFTON HILL*

$780,000

-4.9%

COBURG

$645,000

4.9%

1.4%

HIP V*

$492,500

1.2%

-15.8%

COCKATOO*

$336,000

2.6%

-9.2%

COLLINGWOOD*

$685,000

2.2%

CRAIGIEBURN

$340,500

2.4%

-8.0%

CRANBOURNE

$320,000

2.6%

-3.0%

CRANBOURNE EAST*

$345,000

-6.8%

-7.1%

HIP V*

$325,000

-8.5%

-3.3%

HIP V*

$300,000

-3.2%

-8.7%

CROYDON

$455,000

5.8%

-0.7%

CROYDON HILLS*

$517,500

-6.7%

-0.7%

HIP V*

$520,000

13.0%

0.0%

CROYDON SOUTH*

$450,000

7.3%

0.4%

DANDENONG NORTH*

$405,000

6.6%

-2.6%

DEER PARK*

$350,000

-0.1%

-7.1%

DELAHEY*

$417,500

21.0%

9.9%

DERRIMUT*

$420,000

-8.2%

-12.5%

DIAMOND CREEK*

$577,725

13.8%

10.6%

HIP V

$520,000

-0.8%

-3.7%

DONCASTER

$741,250

10.6%

-5.1%

HIP V

$668,500

-4.5%

-9.0%

Donvale*

$737,500

0.1%

-3.6%

DOREEN

$490,000

0.8%

2.1%

DROMANA

$510,000

-3.1%

14.4%

EAGLEMONT*

$1,170,000

-12.0%

Edithvale*

$643,000

19.1%

6.3%

Elsternwick*

$1,185,000

0.6%

-6.7%

ELTHAM

$615,000

-5.0%

-2.4%

ELTHAM NORTH*

$631,125

1.4%

ELWOOD*

$1,156,750

-2.1%

-8.2%

EMERALD*

$427,800

-15.5%

-19.7%

HIP V

$415,000

1.2%

0.5%

EPPING

$368,500

-1.1%

-7.9%

ESSENDON*

$999,000

11.3%

11.0%

Fawkner*

$414,000

2.2%

-17.6%

FERNTREE GULLY

$430,000

1.4%

-1.4%

HIP V*

$790,000

-7.1%

-11.5%

FITZROY*

$792,250

-20.9%

-29.9%

FLEMINGTON*

$671,250

4.9%

2.2%

FLINDERS*

$710,000

-26.7%

-20.2%

Footscray

$560,000

13.1%

-10.8%

FOREST HILL*

$507,500

-7.1%

-14.3%

FRANKSTON

$357,000

1.3%

-0.8%

FRANKSTON NORTH*

$246,225

-2.3%

-15.6%

FRANKSTON SOUTH

$553,750

1.0%

-4.1%

GLADSTONE PARK*

$395,000

3.7%

-1.3%

HIP V

$1,310,000

15.9%

8.9%

GLEN WAVERLEY

$690,000

-4.3%

-5.9%

GLENROY*

$460,000

1.1%

-4.2%

GOWANBRAE*

$594,000

GREENSBOROUGH

$500,000

4.2%

-9.1%

GREENVALE*

$651,500

-3.2%

22.9%

HALLAM*

$360,000

-5.2%

-0.4%

HIP V*

$710,125

-2.7%

HAMPTON*

$940,000

-28.7%

-27.0%

HAWTHORN EAST*

$1,355,000

29.0%

-0.4%

HAWTHORN*

$1,387,500

6.1%

-9.0%

HEALESVILLE*

$580,000

37.9%

37.8%

HEATHERTON*

$628,000

HEATHMONT*

$535,000

8.1%

5.4%

HIP V*

$558,000

17.0%

1.6%

HEIDELBERG WEST*

$367,500

-12.5%

-7.2%

HEIDELBERG*

$831,000

7.9%

HIGHETT*

$700,000

-3.0%

-1.8%

HILLSIDE

$420,000

2.8%

-9.4%

HOPPERS CROSSING

$310,000

-6.2%

-5.8%

HUGHESDALE*

$719,500

-2.8%

HURSTBRIDGE*

$417,000

-22.4%

HIP V*

$1,075,000

-14.0%

-24.6%

IVANHOE*

$780,000

-37.9%

-39.1%

KEILOR DOWNS*

$421,250

5.8%

0.4%

KEILOR EAST

$540,000

0.9%

-15.6%

KENSINGTON*

$650,000

-10.3%

-3.3%

KEW

$1,530,000

-4.4%

-21.3%

HIP V*

$1,210,000

16.9%

1.0%

Keysborough*

$387,500

-9.7%

-15.8%

KILSYTH*

$412,000

-0.2%

-2.4%

KINGS PARK*

$325,000

-1.5%

-5.8%

KINGSBURY*

$441,500

Kingsville*

$576,875

-8.7%

-14.9%

KNOXFIELD*

$482,500

2.5%

-1.2%

KURUNJANG*

$315,000

8.6%

7.5%

LALOR*

$355,000

-3.4%

-17.4%

LANGWARRIN

$383,750

-2.5%

-10.8%

LILYDALE

$425,000

-17.0%

-8.1%

LOWER PLENTY*

$640,000

2.4%

LYNDHURST*

$420,000

-7.7%

LYSTERFIELD*

$662,125

19.3%

-0.2%

MACLEOD*

$545,050

-5.4%

-20.2%

Maidstone*

$550,000

2.2%

5.8%

HIP V

$926,250

-13.0%

-34.3%

MALVERN*

$1,585,000

11.6%

-2.8%

MARIBYRNONG*

$641,250

-10.3%

-27.9%

MCCRAE*

$680,000

-12.8%

25.7%

MCKINNON*

$875,000

-1.2%

-4.4%

MELTON

$298,500

1.2%

4.7%

MELTON SOUTH*

$236,750

-0.3%

-6.2%

Mentone*

$625,000

-3.5%

-15.5%

MERNDA*

$420,000

-0.2%

2.4%

MIDDLE PARK*

$1,240,500

0.9%

-31.1%

MILL PARK

$408,000

-2.9%

-0.5%

MILLGROVE*

$255,000

MITCHAM

$579,000

0.0%

-1.0%

HIP V NORTH*

$758,750

0.2%

-22.3%

HIP V*

$1,227,500

-9.6%

0.7%

MONTMORENCY*

$550,000

2.4%

-14.9%

MONTROSE*

$420,000

-7.7%

-6.7%

MOONEE PONDS*

$861,000

2.5%

8.6%

MOORABBIN*

$622,500

0.2%

-15.3%

MOOROOLBARK

$431,500

3.4%

-4.2%

Mordialloc*

$661,000

-2.8%

1.1%

MORNINGTON

$500,000

0.0%

-5.4%

HIP V

$725,000

-8.8%

0.0%

MOUNT EVELYN*

$400,747

-4.6%

5.5%

MOUNT MARTHA

$595,500

-0.7%

-7.0%

MOUNT WAVERLEY

$722,000

-2.5%

-6.8%

Mulgrave*

$485,000

-3.0%

-10.4%

MURRUMBEENA*

$782,500

-4.6%

-13.1%

NARRE WARREN

$348,000

-3.3%

-4.9%

HIP V*

$685,000

-17.6%

NARRE WARREN SOUTH

$397,500

-8.6%

-4.2%

NEWPORT

$581,000

-7.0%

-22.3%

NIDDRIE*

$735,250

18.6%

-12.6%

HIP V*

$362,550

-6.5%

-11.4%

HIP V*

$395,000

1.9%

-11.2%

NORTH MELBOURNE*

$792,500

-12.9%

11.6%

NORTHCOTE

$830,250

5.1%

1.3%

NUNAWADING*

$595,000

1.7%

1.5%

OAK PARK*

$560,000

0.0%

-8.9%

HIP V*

$622,500

12.6%

HIP V*

$593,000

-1.2%

-14.5%

OAKLEIGH*

$648,500

-2.1%

-6.0%

ORMOND*

$855,000

-6.3%

-15.6%

PAKENHAM

$340,000

0.0%

-4.0%

PARK ORCHARDS*

$1,100,000

28.1%

Parkdale*

$705,000

-6.0%

-9.6%

HIP V*

$647,500

6.6%

-7.5%

PASCOE VALE*

$550,000

3.7%

-13.0%

HIP V*

$646,000

25.4%

5.9%

PEARCEDALE*

$410,000

-18.0%

POINT COOK

$471,000

4.7%

-5.8%

PORT MELBOURNE*

$921,250

1.1%

-17.0%

PORTSEA*

$1,532,500

29.9%

-7.4%

PRAHRAN

$940,000

-5.8%

-6.9%

PRESTON

$587,000

-0.5%

-0.4%

RESERVOIR

$445,000

-6.8%

-19.1%

RICHMOND

$795,000

-10.2%

-3.6%

RINGWOOD

$510,000

8.3%

-9.2%

RINGWOOD EAST*

$460,000

-4.6%

-11.5%

RINGWOOD NORTH*

$587,500

1.1%

-5.3%

ROSANNA*

$653,000

0.5%

-16.8%

ROSEBUD

$357,500

-8.3%

-8.1%

ROSEBUD WEST*

$332,000

-0.9%

-20.5%

ROWVILLE

$550,000

7.3%

1.2%

ROXBURGH PARK*

$364,000

1.1%

1.0%

RYE

$430,000

2.4%

-4.4%

SAFETY BEACH*

$495,000

-12.5%

-4.3%

SANDHURST*

$651,500

7.2%

SANDRINGHAM*

$1,092,000

-5.0%

-9.0%

SCORESBY*

$482,900

6.4%

0.6%

SEABROOK*

$400,000

7.4%

SEAFORD

$375,000

-10.4%

-12.8%

SEDDON*

$722,000

8.6%

13.4%

SEVILLE*

$385,000

SKYE*

$382,000

-0.2%

11.5%

SOMERS*

$500,000

-38.7%

SOMERVILLE*

$365,500

-3.8%

-6.3%

SORRENTO*

$767,500

-18.4%

-8.4%

HIP V*

$967,000

-2.0%

-12.1%

SOUTH MORANG

$425,000

3.7%

1.2%

HIP V*

$1,070,000

-6.6%

19.0%

SPOTSWOOD*

$600,000

12.6%

-11.9%

SPRINGVALE*

$426,000

-0.2%

-11.0%

ST ALBANS

$346,500

-5.3%

-10.7%

HIP V*

$875,000

-8.1%

-22.2%

ST KILDA*

$940,000

-18.3%

10.6%

STRATHMORE*

$867,000

2.6%

-6.0%

SUNBURY

$345,000

-1.4%

-8.0%

SUNSHINE NORTH*

$420,000

3.1%

-12.5%

SUNSHINE WEST

$358,000

-3.9%

-14.3%

SUNSHINE*

$392,500

-8.7%

-9.2%

SURREY HILLS

$1,130,000

-6.8%

-6.8%

SYDENHAM*

$416,500

3.5%

-0.8%

TARNEIT

$387,500

11.0%

-1.9%

TAYLORS HILL*

$490,000

16.7%

8.9%

TAYLORS LAKES*

$480,000

-4.4%

-5.9%

Templestowe

$900,000

7.4%

12.5%

Templestowe LOWER*

$630,000

-8.0%

-15.7%

THE BASIN*

$402,000

-8.6%

-4.3%

Thomastown*

$368,750

-2.3%

-17.2%

THORNBURY

$728,000

5.9%

0.1%

TOORAK*

$1,860,000

-31.1%

-25.9%

TOOTGAROOK*

$356,500

-3.0%

-12.0%

TRUGANINA*

$360,000

-0.7%

-6.5%

UPWEY*

$460,000

-4.2%

2.2%

VERMONT SOUTH*

$680,000

3.8%

0.0%

VERMONT*

$542,000

-4.8%

-2.0%

VIEWBANK*

$610,000

6.1%

-5.6%

HIP V*

$530,000

-1.7%

-12.6%

WANTIRNA*

$520,000

1.3%

-4.6%

WARBURTON*

$370,000

19.4%

WARRANDYTE*

$795,000

16.5%

-1.2%

WATSONIA*

$447,500

-8.7%

-10.5%

WERRIBEE

$290,000

-1.9%

-7.9%

HIP V*

$541,000

6.3%

-1.6%

HIP V

$663,000

16.0%

-3.1%

WILLIAMSTOWN

$901,000

-1.8%

-1.5%

WONGA PARK*

$835,000

6.0%

23.0%

WYNDHAM VALE

$307,500

2.5%

-3.9%

YALLAMBIE*

$480,000

YARRA JUNCTION*

$360,000

-0.3%

-20.0%

YARRAVILLE

$576,100

-5.6%

-4.0%

Source: Real Estate Institute of Victoria

*Indicates that fewer than 30 sales were recorded during the quarter

For more property research and latest sales, visit the REIV website.

 

 

 


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