Over the last three months to September 2023, the Reserve Bank of Australia (RBA) retained interest rates on hold while we witnessed a few suburbs within metropolitan Melbourne achieving double digit returns in median property prices. This was seen in both housing and unit prices.
Here we focus and share the latest quarterly figures within the Melbourne property market.
Top growth suburbs by median house price
Here is a current list of the suburbs that have seen some capital appreciation from June 2023 to September (3 month period):
Note: Only quarterly median prices from suburbs with at least 30 sales in the relevant quarter are included.
Top growth in median unit prices
Here is a current list of the suburbs that have seen some capital appreciation from June 2023 to September (3 month period):
Note: Only quarterly median prices from suburbs with at least 25 sales in the relevant quarter are included
Source – This information has been collected by the Real Estate Institute of Victoria Ltd (REIV). The most authoritative source for information on the Victorian property market. * denotes less than 30 sales in the quarter
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more, please contact us. We welcome the opportunity to assist you.
