The Melbourne suburbs that declined in value over the last 12 months
Not every suburb increases in value and while Melbourne has seen significant gains over the past 12 months, some areas have notably declined when looking at their median prices.
Property Observer looked at RP Data's 12 month growth statistics, which is the change in the median price over that period, to identify the areas that saw decreases across Melbourne. They are alphabetised below.
We note that these values are for houses. Keep an eye on Property Observer for the units data soon.
Source: Google Maps 2011, RP Data (statistics to determine locations)
Suburbs where houses decreased in value over past 12 months: A to M
- Armadale
12 month growth: -14.55% - Botanic Ridge
12 month growth: -3.92% - Brighton
12 month growth: -4.09% - Carlton North
12 month growth: -0.55% - Doreen
12 month growth: -5.68% - Elwood
12 month growth: 7.08% - Eumemmerring
12 month growth: -4.23% - Jacana
12 month growth: -1.54% - Kealba
12 month growth: -5.26% - Kingsbury
12 month growth: -1.15% - Mccrae
12 month growth: -10.70% - Melton West
12 month growth: -0.74%
See over page for suburbs where houses decreased in value over past 12 months: N onwards
Suburbs where houses decreased in value over past 12 months: N onwards
- North Melbourne
12 month growth: -2.26% - North Warrandyte
12 month growth: -1.70% - Officer
12 month growth: -14.82% - Safety Beach
12 month growth: -2.83% - Selby
12 month growth: -3.44% - South Melbourne
12 month growth: -6.99% - South Yarra
12 month growth: -4.76% - St Kilda West
12 month growth: -18.20% - Sunshine North
12 month growth: -0.76% - Sunshine West
12 month growth: -1.07% - Toorak
12 month growth: -10.87% - Tullamarine
12 month growth: -1.89% - Tyabb
12 month growth: -2.14% - Warranwood
12 month growth: -1.99% - Waterways
12 month growth: -1.42% - Wattle Glen
12 month growth: -4.48% - West Melbourne
12 month growth: -10.19% - Williamstown
12 month growth: -1.81%
