InvestingMelbourne unit prices – how your suburb went in the 2012 March quarter: REIVMelbourne unit prices – how your suburb went in the 2012 March quarter: REIV
The 10 suburbs where house prices fell the most during the past year are Williamstown, Beaumaris, Flemington, Windsor, Balwyn North, Tullamarine, Moonee Ponds, Brunswick East, Brighton and Prahran, according to the Real Estate Institute of Victoria.
The 10 suburbs where unit prices fell the most during the March quarter are Fitzroy, South Melbourne, Flemington, Windsor, Heidelberg Heights, Richmond, St Albans, West Footscray, Mornington, Caulfield North.
The 10 suburbs where unit prices rose the most during the past year are Canterbury, Maidstone, Black Rock, Bentleigh East, West Melbourne, Abbotsford, Bentleigh, Malvern, Caulfield South and Malvern East.
The 10 suburbs where unit prices rose the most during the March quarter are Blackburn, Balwyn, Donvale, Mount Eliza, Bentleigh, Greensborough, Malvern, Brighton, Niddrie and Kensington.
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.
| Mar-12 Median | Quarterly Change | Annual Change | |
| ABBOTSFORD* | $665,000 | 11.4% | 27.9% |
| AIRPORT WEST* | $443,000 | -0.7% | -10.0% |
| ALTONA NORTH* | $480,000 | 4.3% | -12.7% |
| ALTONA* | $400,000 | -8.0% | -12.9% |
| ARMADALE* | $592,000 | -0.8% | 11.1% |
| ASCOT VALE* | $435,000 | -1.7% | -11.7% |
| ASPENDALE* | $595,000 | 12.1% | |
| AVONDALE HEIGHTS* | $448,250 | ||
| BALWYN NORTH* | $675,000 | -22.4% | |
| BALWYN* | $743,000 | 22.3% | 2.8% |
| BAYSWATER NORTH* | $312,500 | -2.6% | -9.9% |
| BAYSWATER* | $390,000 | 9.9% | 1.3% |
| BEAUMARIS* | $678,000 | 0.9% | -30.3% |
| BENTLEIGH EAST* | $673,500 | -3.8% | 21.4% |
| BENTLEIGH* | $671,250 | 23.6% | 29.1% |
| BLACK ROCK* | $739,000 | 7.9% | 21.1% |
| BLACKBURN SOUTH* | $569,000 | ||
| BLACKBURN* | $632,000 | 20.8% | 13.7% |
| BONBEACH* | $355,000 | -9.0% | -7.9% |
| BORONIA | $362,000 | 2.0% | -0.5% |
| BOX HILL NORTH* | $525,000 | 5.0% | -5.1% |
| BOX HILL SOUTH* | $564,750 | 9.2% | |
| BOX HILL* | $409,400 | 3.2% | -7.5% |
| BRIGHTON | $876,000 | 30.7% | -18.5% |
| BRIGHTON EAST* | $767,000 | -5.9% | 12.4% |
| BRUNSWICK | $438,250 | 10.3% | -2.6% |
| BRUNSWICK EAST | $399,000 | -3.9% | -18.6% |
| BRUNSWICK WEST | $395,000 | 1.3% | 12.9% |
| BUNDOORA* | $378,000 | 11.7% | 7.2% |
| CAMBERWELL | $600,000 | -11.8% | -7.7% |
| CANTERBURY* | $750,000 | 12.8% | 20.0% |
| CARLTON | $275,000 | -11.3% | -10.6% |
| CARNEGIE | $430,000 | -4.4% | -4.9% |
| CARRUM* | $409,500 | 8.5% | -3.6% |
| CAULFIELD NORTH* | $473,500 | -14.3% | -2.7% |
| CAULFIELD SOUTH* | $751,000 | 1.7% | 39.1% |
| CAULFIELD* | $515,850 | -1.7% | |
| CHADSTONE* | $470,000 | -8.2% | -14.5% |
| CHELSEA* | $415,000 | 19.4% | 5.1% |
| CHELTENHAM | $462,750 | 5.5% | -1.0% |
| CLAYTON SOUTH* | $435,500 | 42.7% | |
| CLAYTON* | $435,000 | 13.7% | -5.4% |
| COBURG* | $451,000 | -8.9% | 1.1% |
| CRAIGIEBURN* | $335,000 | ||
| CROYDON | $363,500 | 1.0% | -1.2% |
| DANDENONG NORTH* | $332,250 | -3.4% | |
| DANDENONG* | $300,000 | -3.8% | -10.4% |
| DEER PARK* | $342,000 | ||
| DOCKLANDS | $645,000 | -9.3% | -8.5% |
| DONCASTER EAST | $600,000 | 9.3% | 16.1% |
| DONCASTER* | $532,500 | -11.8% | -0.5% |
| DONVALE* | $542,510 | 22.9% | -4.4% |
| EAST MELBOURNE* | $445,500 | -5.0% | -12.6% |
| ELSTERNWICK* | $520,000 | 7.9% | 7.7% |
| ELTHAM* | $440,000 | -8.3% | -5.4% |
| ELWOOD | $531,500 | 3.2% | -5.9% |
| EPPING* | $300,000 | -3.6% | -15.5% |
| ESSENDON | $464,000 | 3.1% | 10.6% |
| FAIRFIELD* | $405,000 | -8.0% | 8.2% |
| FERNTREE GULLY* | $378,000 | -8.4% | 3.9% |
| FITZROY* | $532,500 | -25.0% | -4.8% |
| FLEMINGTON* | $308,000 | -21.5% | -30.0% |
| FOOTSCRAY | $342,500 | 8.4% | -15.4% |
| FOREST HILL* | $419,000 | ||
| GLEN HUNTLY* | $561,000 | 16.9% | 18.1% |
| GLEN WAVERLEY* | $563,800 | 9.5% | -10.5% |
| GREENSBOROUGH* | $457,500 | 26.4% | 4.5% |
| HAMPTON | $700,000 | 16.9% | 9.4% |
| HAWTHORN | $490,000 | 5.6% | -3.9% |
| HAWTHORN EAST* | $541,550 | -10.2% | 3.0% |
| HEIDELBERG HEIGHTS* | $406,000 | -18.1% | -8.8% |
| HIGHETT* | $460,000 | -7.8% | -12.0% |
| HILLSIDE* | $330,000 | -7.6% | |
| HUGHESDALE* | $470,000 | -1.1% | -7.8% |
| IVANHOE* | $551,000 | -3.3% | -10.7% |
| KEILOR EAST* | $535,500 | 2.0% | -17.6% |
| KENSINGTON | $527,000 | 35.1% | 16.7% |
| KEW | $609,750 | 8.2% | 8.9% |
| LANGWARRIN* | $310,000 | 1.6% | -4.6% |
| MACLEOD* | $437,500 | ||
| MAIDSTONE* | $503,500 | 8.9% | 20.6% |
| MALVERN EAST* | $655,000 | 6.0% | 74.7% |
| MALVERN* | $678,500 | 30.4% | 37.1% |
| MARIBYRNONG* | $460,000 | 3.7% | 6.7% |
| MELBOURNE | $420,000 | -3.0% | -7.7% |
| MENTONE | $480,000 | 3.2% | 2.2% |
| MILL PARK* | $312,500 | -12.0% | |
| MITCHAM* | $461,000 | 1.3% | -8.6% |
| MONTMORENCY* | $429,000 | -15.5% | |
| MOONEE PONDS* | $439,000 | -2.6% | -19.4% |
| MOORABBIN* | $492,500 | 11.4% | 2.0% |
| MORDIALLOC* | $470,500 | -0.9% | 4.6% |
| MORNINGTON | $387,500 | -15.3% | -2.3% |
| MOUNT ELIZA* | $392,500 | 23.1% | |
| MOUNT MARTHA* | $410,500 | -16.2% | |
| MOUNT WAVERLEY | $558,750 | -6.0% | -12.8% |
| MULGRAVE* | $402,000 | ||
| MURRUMBEENA* | $570,000 | 9.6% | 4.9% |
| NEWPORT* | $514,000 | -7.5% | -10.0% |
| NIDDRIE* | $685,000 | 34.3% | |
| NOBLE PARK | $284,950 | -3.8% | -7.3% |
| NORTH MELBOURNE | $485,500 | -1.9% | 9.3% |
| NORTHCOTE* | $515,000 | 4.1% | -8.8% |
| OAK PARK* | $425,000 | -5.3% | |
| OAKLEIGH EAST* | $521,559 | -5.0% | |
| OAKLEIGH SOUTH* | $460,000 | 0.7% | |
| OAKLEIGH* | $399,950 | ||
| ORMOND* | $500,000 | -1.8% | -13.9% |
| PARKDALE* | $485,000 | 6.6% | 4.5% |
| PASCOE VALE | $426,000 | -2.1% | 3.2% |
| POINT COOK* | $361,500 | ||
| PORT MELBOURNE | $690,000 | 3.0% | -2.4% |
| PRAHRAN | $445,000 | 0.2% | -18.2% |
| PRESTON* | $380,000 | -5.0% | -11.6% |
| RESERVOIR | $365,500 | 1.5% | -6.5% |
| RICHMOND | $493,500 | -16.7% | 0.3% |
| RINGWOOD | $385,500 | 5.6% | -6.4% |
| RINGWOOD EAST* | $385,000 | 2.4% | -1.3% |
| ROSANNA* | $466,500 | -11.1% | |
| ROSEBUD* | $308,000 | ||
| ROWVILLE* | $420,100 | -10.2% | 3.7% |
| SANDRINGHAM* | $610,000 | 8.0% | -15.3% |
| SEAFORD* | $320,000 | -1.5% | -11.7% |
| SOUTH MELBOURNE* | $555,250 | -23.9% | -2.6% |
| SOUTH YARRA | $565,000 | 2.7% | 1.8% |
| SOUTHBANK | $540,000 | 4.9% | -0.5% |
| ST ALBANS* | $275,000 | -15.8% | -8.9% |
| ST KILDA | $476,000 | 1.9% | -0.8% |
| ST KILDA EAST | $452,000 | -3.4% | -5.6% |
| ST KILDA WEST* | $440,000 | 1.1% | -10.4% |
| SUNBURY* | $277,500 | -14.9% | |
| SUNSHINE* | $263,000 | -6.1% | -2.6% |
| SURREY HILLS* | $635,000 | 9.7% | 0.2% |
| SYDENHAM* | $320,000 | -5.0% | -4.9% |
| TEMPLESTOWE LOWER* | $604,500 | 12.9% | -0.1% |
| TEMPLESTOWE* | $570,000 | ||
| THORNBURY* | $432,000 | 13.2% | 7.1% |
| TOORAK | $652,750 | -2.6% | -7.1% |
| TULLAMARINE* | $292,500 | -14.1% | -19.9% |
| WERRIBEE* | $250,000 | -1.0% | -10.1% |
| WEST FOOTSCRAY* | $354,000 | -15.7% | 1.1% |
| WEST MELBOURNE* | $598,250 | -6.5% | 24.4% |
| WILLIAMSTOWN* | $445,000 | 5.1% | -32.4% |
| WINDSOR* | $400,000 | -19.4% | -29.8% |
| YARRAVILLE* | $530,000 | 1.0% | 12.1% |
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.
