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

By Cassidy Knowlton
Friday, 13 July 2012

Affluent Melbourne suburbs showed the greatest increase in house prices in the June quarter, according to the Real Estate Institute of Victoria.

House prices increased the most in the suburbs of Toorak, Middle Park, Hampton, Collingwood, Clifton Hill, Carlton North, Yarra Junction, Malvern East, Balwyn and Blackburn South during the quarter.

It's not likely that the 54.9% hike in the median price in Toorak, for example, represented an actual shift in prices, but rather the predominance of pricey unit sales within the fewer than 30 actual sales. The same goes with significant downwards shifts, which again reflect the dominence of a particular market segment amid limited sales activity, rather than a dramatic price shift.

Overall Melbourne house prices rebounded 2.9% in the June quarter.

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	Jun-12 Median	Quarterly Change	Annual Change
ABBOTSFORD*	$720,000	0.70%	-3.00%
ABERFELDIE*	$862,500		-11.30%
AIRPORT WEST*	$498,050	-7.80%	-14.10%
ALBERT PARK*	$1,015,000	-21.30%	-27.50%
ALBION*	$389,750		2.60%
ALTONA MEADOWS*	$403,500	5.10%	-5.40%
ALTONA NORTH*	$515,500	5.20%	-1.70%
ALTONA*	$590,000	0.90%	-8.50%
ARDEER*	$326,000	-5.00%	-14.70%
ARMADALE	$1,370,000	-8.70%	-0.60%
ASCOT VALE*	$750,000	0.00%	-4.50%
ASHBURTON*	$900,000	5.90%	5.00%
ASPENDALE GARDENS*	$550,000	-4.70%	3.30%
ASPENDALE*	$611,000	2.70%	-7.40%
ATTWOOD*	$565,000
AVONDALE HEIGHTS*	$519,000	-9.40%	-17.30%
BALNARRING*	$602,500
BALWYN	$1,540,000	26.20%	20.30%
BALWYN NORTH	$1,038,000	5.60%	-5.60%
BAYSWATER NORTH*	$444,750	4.00%	-5.50%
BAYSWATER*	$416,250	-7.60%	-9.00%
BEACONSFIELD*	$552,500	1.40%	0.50%
BEAUMARIS	$910,000	-19.80%	-10.80%
BENTLEIGH	$808,000	1.00%	-9.30%
BENTLEIGH EAST	$679,500	3.70%	-7.20%
BERWICK	$450,000	-5.90%	-10.90%
BLACK ROCK*	$1,125,000	-5.30%	-3.00%
BLACKBURN NORTH*	$575,000	-10.90%	-11.30%
BLACKBURN SOUTH*	$676,400	22.40%	4.50%
BLACKBURN*	$806,000	-8.90%	0.80%
BLAIRGOWRIE*	$653,500	1.30%	2.80%
BORONIA	$430,000	5.50%	-0.60%
BOX HILL NORTH*	$608,000	-5.30%	-11.90%
BOX HILL SOUTH*	$720,000	-1.40%	0.60%
BOX HILL*	$802,500	-4.40%	-16.40%
BRAYBROOK*	$370,000		-14.80%
BRIGHTON	$1,535,000	-0.80%	-14.20%
BRIGHTON EAST	$1,030,000	-3.50%	-1.90%
BROADMEADOWS*	$320,000	4.00%	-13.60%
BROOKFIELD*	$330,000		1.10%
BRUNSWICK	$675,000	0.00%	-0.40%
BRUNSWICK EAST*	$728,250	5.50%	-13.30%
BRUNSWICK WEST*	$740,000	3.90%	0.00%
BULLEEN*	$710,000	3.40%	-4.20%
BUNDOORA	$485,000	0.80%	-4.20%
BURNSIDE HEIGHTS*	$420,000	-4.50%	3.70%
BURWOOD	$772,500	9.60%	-4.00%
BURWOOD EAST*	$601,000	-12.00%	-4.60%
CAIRNLEA*	$490,000	4.30%	-8.10%
CAMBERWELL	$1,390,000	-2.50%	11.20%
CANTERBURY*	$1,728,000	3.10%	-0.10%
CARLTON NORTH*	$1,042,000	29.80%	18.70%
CARNEGIE*	$785,000	9.70%	-13.50%
CAROLINE SPRINGS	$425,000	0.00%	-4.50%
CARRUM DOWNS*	$320,000	-6.80%	-7.20%
CAULFIELD NORTH*	$1,275,000	8.70%	-8.90%
CAULFIELD SOUTH*	$765,000	-11.20%	-15.50%
CAULFIELD*	$1,252,500
CHADSTONE*	$592,000	-4.80%	-4.90%
CHELSEA HEIGHTS*	$451,632		-14.00%
CHELSEA*	$633,750	2.20%	26.80%
CHELTENHAM	$634,000	10.10%	5.50%
CHIRNSIDE PARK	$421,500	-12.20%	-10.30%
CLAYTON*	$589,975	-6.40%	-0.20%
CLIFTON HILL*	$1,020,750	30.90%	22.70%
COBURG	$655,250	1.20%	-1.00%
COBURG NORTH*	$502,500	2.00%	2.60%
COCKATOO*	$400,000	18.30%	11.10%
COLLINGWOOD*	$880,000	32.80%	19.10%
CRAIGIEBURN	$350,000	2.90%	-2.80%
CRANBOURNE	$300,050	-3.50%	-6.90%
CRANBOURNE EAST*	$358,500	2.40%	-9.90%
CRANBOURNE NORTH*	$340,000	3.00%	-4.30%
CRANBOURNE WEST*	$313,000	1.00%	-0.60%
CROYDON	$427,500	-9.00%	-5.10%
CROYDON HILLS*	$516,125	-1.50%	-6.90%
CROYDON NORTH*	$525,000	3.10%	4.00%
CROYDON SOUTH*	$437,250	-2.80%	0.50%
DALLAS*	$295,500
DANDENONG NORTH*	$403,000	-0.50%	-8.90%
DANDENONG*	$420,000	-0.60%	-5.20%
DEER PARK	$346,000	-1.10%	-0.10%
DELAHEY*	$365,500	-4.10%	-4.30%
DERRIMUT*	$388,000	-8.70%	-19.30%
DIAMOND CREEK*	$546,625	-3.30%	8.70%
DIGGERS REST*	$308,750		4.00%
DINGLEY VILLAGE*	$513,750	-1.40%	-9.10%
DONCASTER	$720,000	-2.90%	-9.20%
DONCASTER EAST	$650,000	-2.80%	-7.90%
DONVALE*	$712,500	-3.70%	-16.20%
DOREEN	$485,000	-1.00%	-4.60%
DOVETON*	$279,750	-5.20%	-16.50%
DROMANA*	$473,000	-11.50%	2.70%
EAGLEMONT*	$1,278,500	9.30%	-15.90%
EDITHVALE*	$629,050	0.50%	13.30%
ELSTERNWICK*	$1,125,000	-5.30%	-9.70%
ELTHAM	$630,000	4.00%	-2.20%
ELTHAM NORTH*	$608,000	-3.70%	8.10%
ELWOOD*	$971,500	-17.90%	-36.00%
EMERALD*	$411,000	-3.90%	-5.50%
ENDEAVOUR HILLS*	$380,000	-8.40%	-10.60%
EPPING	$381,500	4.00%	0.50%
ESSENDON	$961,500	-3.80%	-8.70%
FAIRFIELD*	$830,000		-20.60%
FAWKNER	$405,000	-0.90%	-10.00%
FERNTREE GULLY	$417,600	-3.30%	-8.90%
FITZROY NORTH*	$846,500	5.80%	-3.80%
FITZROY*	$960,500	21.20%	16.20%
FLEMINGTON*	$767,500	14.30%	14.50%
FOOTSCRAY	$570,000	1.80%	-5.80%
FOREST HILL*	$587,750	12.50%	11.20%
FRANKSTON	$330,500	-7.20%	-10.70%
FRANKSTON NORTH*	$238,750	-3.50%	-16.80%
FRANKSTON SOUTH	$516,250	-5.70%	-3.70%
GLADSTONE PARK*	$410,000	3.80%	5.10%
GLEN IRIS	$1,097,250	-15.70%	-12.20%
GLEN WAVERLEY	$736,500	5.20%	2.00%
GLENROY	$425,000	-7.60%	-13.90%
GREENSBOROUGH	$480,000	-4.00%	-8.70%
GREENVALE*	$580,000	-11.00%	7.90%
HADFIELD*	$420,000		-18.70%
HALLAM*	$373,500	3.80%
HAMPTON EAST*	$738,000	3.90%	-1.50%
HAMPTON*	$1,260,000	33.00%	-10.00%
HASTINGS*	$300,000	-14.90%	-11.20%
HAWTHORN	$1,350,000	0.00%	1.50%
HAWTHORN EAST	$1,133,500	-21.10%	-7.70%
HEALESVILLE*	$427,500	-25.70%	2.80%
HEATHMONT	$519,750	-3.30%	-5.50%
HEIDELBERG HEIGHTS*	$530,000	-5.00%	1.00%
HEIDELBERG WEST*	$412,000	12.10%	-4.60%
HEIDELBERG*	$770,000	-7.30%	0.70%
HIGHETT*	$650,000	-7.10%	-11.60%
HILLSIDE (MELTON)	$430,000	4.90%	-2.30%
HOPPERS CROSSING	$315,000	1.60%	-4.50%
HUGHESDALE*	$690,000	-4.10%	4.90%
HURSTBRIDGE*	$475,000	14.90%	5.60%
IVANHOE EAST*	$1,204,250	2.10%	-10.80%
IVANHOE*	$855,000	9.60%	-24.80%
KEILOR DOWNS*	$411,000	-2.40%	-4.40%
KEILOR EAST*	$515,000	-5.20%	-13.40%
KEILOR*	$515,000		-11.70%
KENSINGTON*	$715,000	10.00%	-6.20%
KEW	$1,348,750	-13.50%	0.30%
KEW EAST*	$1,130,000	-6.60%	-10.00%
KEYSBOROUGH	$433,000	7.60%	-1.10%
KILSYTH	$415,000	0.40%	-8.10%
KNOXFIELD*	$447,528	-7.20%	-7.20%
KURUNJANG*	$262,500	-16.70%	-6.10%
LALOR*	$368,500	3.80%	-8.00%
LANGWARRIN	$426,300	11.50%	6.60%
LAVERTON*	$332,750		1.10%
LILYDALE	$410,000	-2.40%	-7.30%
LYNDHURST*	$448,000	1.20%	-18.50%
LYSTERFIELD*	$595,300	-12.70%	-5.90%
MACLEOD*	$557,500	2.30%	-7.90%
MAIDSTONE*	$544,000	-1.10%	-2.90%
MALVERN	$1,651,000	4.20%	-7.50%
MALVERN EAST	$1,173,500	26.70%	6.70%
MARIBYRNONG*	$597,500	-6.80%	-28.70%
MCCRAE*	$439,000	-35.40%	-37.30%
MCKINNON*	$947,000	8.20%
MEADOW HEIGHTS*	$295,000		-8.50%
MELTON	$274,000	-8.20%	-13.00%
MELTON SOUTH*	$242,250	2.30%	0.90%
MENTONE*	$695,000	8.60%	-4.50%
MERNDA*	$355,000	-16.50%	-11.40%
MIDDLE PARK*	$1,700,000	37.00%	46.00%
MILL PARK	$410,000	0.50%	-0.20%
MITCHAM*	$597,500	3.20%	-2.00%
MONT ALBERT NORTH*	$765,000	-3.00%	-14.80%
MONT ALBERT*	$1,180,000	-3.90%	-3.50%
MONTMORENCY*	$530,000	-3.60%	-7.20%
MONTROSE*	$450,000	2.70%	-14.30%
MOONEE PONDS*	$761,000	-11.60%	-0.90%
MOORABBIN*	$540,000	-13.30%	-12.20%
MOOROOLBARK	$440,500	2.40%	-0.50%
MORDIALLOC*	$631,000	-4.50%	-11.40%
MORNINGTON	$501,250	1.30%	-7.70%
MOUNT ELIZA	$677,500	-3.60%	-12.90%
MOUNT EVELYN*	$442,750	12.70%	3.00%
MOUNT MARTHA	$612,500	0.40%	-9.50%
MOUNT WAVERLEY	$735,000	2.30%	1.40%
MULGRAVE	$511,250	5.40%	-3.10%
MURRUMBEENA*	$756,000	-3.40%	-6.10%
NARRE WARREN	$363,750	2.50%	-5.50%
NARRE WARREN SOUTH	$405,000	2.50%	2.50%
NEWPORT	$630,000	8.40%	-3.80%
NIDDRIE*	$619,750	-15.70%	-29.10%
NOBLE PARK	$374,250	-3.80%	-10.60%
NOBLE PARK NORTH*	$385,500	6.30%	6.80%
NORTH MELBOURNE*	$822,750	3.80%	6.90%
NORTH WARRANDYTE*	$787,500		9.70%
NORTHCOTE	$827,500	-0.30%	-6.40%
NUNAWADING	$566,500	-5.30%	-7.10%
OAK PARK*	$615,000	9.80%	3.80%
OAKLEIGH EAST*	$575,666	-3.20%
OAKLEIGH SOUTH*	$610,000	2.90%	-1.60%
OAKLEIGH*	$606,000	-4.90%	-13.40%
OFFICER*	$465,000	1.30%
ORMOND*	$855,000	-0.60%	1.10%
PAKENHAM	$355,000	7.30%	-0.40%
PARK ORCHARDS*	$885,000	-19.50%	-14.20%
PARKDALE*	$610,000	-12.90%	-22.60%
PASCOE VALE SOUTH*	$630,000	-2.70%	5.00%
PASCOE VALE*	$557,500	1.40%	-4.90%
PATTERSON LAKES*	$716,000	12.00%	-0.60%
POINT COOK	$462,500	0.50%	-7.50%
PORT MELBOURNE	$925,000	0.40%	-8.00%
PRAHRAN*	$1,093,750	14.80%	-0.60%
PRESTON	$552,750	-6.30%	-12.30%
RESERVOIR	$475,500	6.90%	-7.70%
RICHMOND	$808,000	-2.70%	-3.80%
RINGWOOD EAST*	$470,000	0.00%	-10.00%
RINGWOOD NORTH	$583,000	-1.20%	5.60%
RINGWOOD*	$485,000	3.20%	-3.00%
ROSANNA*	$715,000	8.50%	1.00%
ROSEBUD	$380,750	4.70%	2.20%
ROSEBUD WEST*	$324,000	-1.80%	-14.50%
ROWVILLE	$520,000	0.00%	-1.90%
ROXBURGH PARK	$350,000	-2.30%	-8.40%
RYE	$440,000	1.50%	-5.60%
SAFETY BEACH*	$450,000	-9.10%	-20.60%
SANDHURST*	$420,000	-34.70%	-23.90%
SANDRINGHAM*	$1,285,000	17.70%	2.80%
SCORESBY*	$437,500	-6.10%	-7.10%
SEABROOK*	$378,500	-5.40%	-19.50%
SEAFORD	$400,000	3.40%	-3.60%
SEDDON*	$638,500	-11.70%	-0.20%
SKYE*	$363,000	-12.50%	-4.50%
SOMERVILLE	$400,000	9.30%	0.60%
SORRENTO*	$680,000	-11.40%	-22.30%
SOUTH MELBOURNE*	$1,060,000	9.60%	22.00%
SOUTH MORANG	$435,000	2.40%	3.00%
SOUTH YARRA*	$1,240,000	15.90%	20.20%
SPOTSWOOD*	$620,000	3.30%	-1.60%
SPRINGVALE*	$463,000	8.70%	-5.50%
ST ALBANS	$330,000	-5.20%	-25.00%
ST KILDA EAST*	$940,000	7.40%	4.40%
ST KILDA*	$977,000	3.90%	13.20%
STRATHMORE*	$825,000	-3.50%	5.10%
SUNBURY	$360,000	4.00%	-3.60%
SUNSHINE	$380,000	-6.20%	-10.60%
SUNSHINE NORTH*	$418,000	-0.80%	-3.40%
SUNSHINE WEST*	$366,000	0.00%	-2.70%
SURREY HILLS	$1,150,000	1.80%	2.10%
SYDENHAM*	$420,000	0.80%	-1.20%
TARNEIT	$372,000	-3.60%	2.70%
TAYLORS HILL*	$480,000	-1.50%	-5.60%
TAYLORS LAKES*	$520,000	1.00%	-2.30%
TEMPLESTOWE	$840,000	-6.70%	-7.40%
TEMPLESTOWE LOWER*	$650,000	4.00%	-11.60%
THE BASIN*	$417,000	3.70%	3.30%
THOMASTOWN*	$360,000	-2.40%	-12.20%
THORNBURY	$685,500	-5.80%	-5.80%
TOORAK*	$2,881,250	54.90%	30.30%
TOOTGAROOK*	$390,000	9.40%	-2.50%
TRUGANINA	$337,250	-6.30%	-3.60%
TULLAMARINE*	$385,000	-1.30%	-6.10%
UPPER FERNTREE GULLY*	$391,000
UPWEY*	$430,000	-4.40%
VERMONT	$530,000	-2.90%	-5.00%
VERMONT SOUTH*	$662,000	-2.60%	-6.10%
VIEWBANK*	$570,000	-10.20%	-10.90%
WANDIN NORTH*	$539,000
WANTIRNA SOUTH*	$527,000	-0.60%	-10.00%
WANTIRNA*	$580,000	12.20%	10.10%
WARBURTON*	$308,500	-16.60%	-11.90%
WARRANDYTE*	$674,500	-2.20%	-18.30%
WARRANWOOD*	$592,800	-5.50%	-14.40%
WATSONIA NORTH*	$490,000
WATSONIA*	$447,750	-2.30%	-10.50%
WERRIBEE	$290,000	-1.70%	-9.90%
WEST FOOTSCRAY	$507,500	-6.20%	-7.70%
WESTMEADOWS*	$362,500		-11.00%
WHEELERS HILL	$682,000	3.20%	-1.90%
WILLIAMSTOWN	$870,000	-3.50%	0.60%
WONGA PARK*	$835,000	0.00%	1.50%
WYNDHAM VALE	$299,000	-2.00%	-9.40%
YARRA JUNCTION*	$460,000	27.80%
YARRAVILLE	$565,000	-1.90%	-13.10%