The Melbourne suburbs that declined in value over the last 12 months

The Melbourne suburbs that declined in value over the last 12 months
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.

The Melbourne suburbs that declined in value over the last 12 months 

Source: Google Maps 2011, RP Data (statistics to determine locations)

Suburbs where houses decreased in value over past 12 months: A to M

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

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

Tags: 
Melbourne

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