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

Cassidy KnowltonInvalid Date

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%

ALTONA NORTH*

$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%

BALWYN NORTH

$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%

BLACKBURN SOUTH*

$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%

BOX HILL SOUTH*

$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%

BRUNSWICK EAST*

$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%

BURWOOD EAST*

$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%

CARLTON NORTH*

$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%

CAULFIELD NORTH*

$1,255,000

17.8%

25.1%

CAULFIELD SOUTH*

$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%

CLAYTON SOUTH*

$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%

COBURG NORTH*

$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%

CRANBOURNE NORTH*

$325,000

-8.5%

-3.3%

CRANBOURNE WEST*

$300,000

-3.2%

-8.7%

CROYDON

$455,000

5.8%

-0.7%

CROYDON HILLS*

$517,500

-6.7%

-0.7%

CROYDON NORTH*

$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%

DINGLEY VILLAGE

$520,000

-0.8%

-3.7%

DONCASTER

$741,250

10.6%

-5.1%

DONCASTER EAST

$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%

ENDEAVOUR HILLS

$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%

FITZROY NORTH*

$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%

GLEN IRIS

$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%

HAMPTON EAST*

$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%

HEIDELBERG HEIGHTS*

$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%

IVANHOE EAST*

$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%

KEW EAST*

$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%

MALVERN EAST

$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%

MONT ALBERT NORTH*

$758,750

0.2%

-22.3%

MONT ALBERT*

$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%

MOUNT ELIZA

$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%

NARRE WARREN NORTH*

$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%

NOBLE PARK NORTH*

$362,550

-6.5%

-11.4%

NOBLE PARK*

$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%

OAKLEIGH EAST*

$622,500

12.6%

OAKLEIGH SOUTH*

$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%

PASCOE VALE SOUTH*

$647,500

6.6%

-7.5%

PASCOE VALE*

$550,000

3.7%

-13.0%

PATTERSON LAKES*

$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%

SOUTH MELBOURNE*

$967,000

-2.0%

-12.1%

SOUTH MORANG

$425,000

3.7%

1.2%

SOUTH YARRA*

$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%

ST KILDA EAST*

$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%

WANTIRNA SOUTH*

$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%

WEST FOOTSCRAY*

$541,000

6.3%

-1.6%

WHEELERS HILL

$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.