monthly research bulletin - master advocates...reiv monthly research bulletin february 2017 expanded...

MONTHLYRESEARCHBULLETINEXPANDED EDITIONINCLUDES DECEMBER QUARTER 2016 RESULTS

FEBRUARY 2017

REIV Monthly Research Bulletin • February 2017 • Expanded Edition 12

ABOUT REIVThe Real Estate Institute of Victoria has been the peak professional association for the Victorian real estate industry since 1936.

Over 2,000 real estate agencies in Victoria are Members of the REIV. These Members are located in city, rural and regional areas.

Members specialise in all facets of real estate, including: residential sales, commercial and industrial sales, auctions, business broking, buyers agency, property management, owners’ corporations management and valuations.

REIV Monthly Research Bulletin • February 2017 • Expanded Edition 1 3

CONTENTS

CONTENTS

FEBRUARY MONTHLY RESEARCH BULLETIN

MARKET OVERVIEW 4

ECONOMY 5

PRICES 6

AUCTION MARKET 7

RENTAL MARKET 8

TRANSACTIONS 9

DECEMBER QUARTER COMMERCIAL MARKET 10

DECEMBER QUARTER RESULTS

DECEMBER QUARTER MEDIAN PRICES 15

Overview 16

Melbourne house prices 18

Melbourne unit prices 26

Regional Victoria house prices 31

DECEMBER QUARTER MEDIAN RENTS 37

Melbourne median rents 38

Regional Victoria median rents 63

GLOSSARY/ABOUT REIV DATA 64

CREDITS/DISCLAIMER 65


MONTHLY RESEARCH BULLETIN

Following the Reserve Bank meeting in February, the cash rate was left unchanged at 1.5 per cent. The chance of a rate cut to 1.25 per cent in March was at 5.0 per cent as of 13 February according to the ASX RBA Rate indicator.

The 2016 year finished strongly with a record 3,871 auctions held, and a 76 per cent clearance rate in December, compared to 3,804 auctions in December 2015. The local government areas of Darebin (206 auctions), Monash (194 auctions), Boroondara (189 auctions) and Moreland (188 auctions) had the highest number of auctions in December 2016, with Monash reporting a clearance rate of 85 per cent. There were about 39,100 auctions held in Victoria in 2016 with 75 per cent selling. The middle Melbourne region recorded the highest number of properties sold by auction in 2016, with around 11,900 sales, and a clearance rate of 77 per cent.

Victoria’s vacancy rate stands at 2.4 per cent in January 2017. The weekly median rent for houses in metropolitan Melbourne rose to $436 in January supported by solid increases in middle Melbourne. In regional Victoria, the weekly median rent for houses remained at $310 per week in January. The weekly median rent for units rose slightly in metropolitan Melbourne to $405 per week while the median rent for units in regional Victoria fell by 1.0 per cent to $260 per week.

The REIV House Price Index (HPI) for Melbourne rose 0.7 per cent over January to 190.9, and the index is currently 4.3 per cent higher than its value a year ago. The HPI for regional Victoria is 1.7 per cent higher than its value a year ago, now at 139.8.

There were an estimated 10,600 house and unit sales in Victoria in December 2016, and about 131,080 sales in 2016. Based on these estimates, the share of auctions sold as a percentage of overall sales was 22.4per cent in 2016.

House Prices The REIV House Price Index for Melbourne rose 0.7 per cent to 190.9 in January and has increased by 4.3per cent from January 2016.

The HPI for regional Victoria is 1.7 per cent higher than its value a year ago, now at 139.8.

Clearance RateThe clearance rate remained high in December, at 76 per cent. The rolling 12 month clearance rate is 75 per cent.

Auctions HeldAuctions closed strongly in 2016 with a December record of 3,871 auctions held. There were about 39,100 auctions held in Victoria in 2016 with 75 per cent selling.

Days on MarketProperties in Melbourne spent on average 32 days on market in January, the same as in December and five days less than in January 2016.

For regional Victoria, the median days on market rose two days to 60 days on market in January 2017.

Vacancy RateThe proportion of vacant properties in metro Melbourne fell slightly in January to 2.3 per cent, while rising slightly to 2.5 per cent in regional Victoria.

SentimentConsumer Sentiment in Victoria fell 2.9 per cent to 100.7 in February and is 3.4 per cent lower than in February 2016.

Nationally, consumer sentiment rose by 2.3 per cent in February to 99.6.

Market Overview

0.7% 76% 3.9K 32 2.3% -2.9%

Overview

Interested in purchasing any of the statistics on this page?

Simply email [email protected]



Economy

The cash rate was left unchanged at 1.5 per cent in February, maintained at a record low by the Reserve Bank of Australia.

Unemployment has fallen from a peak of 6.8 per cent in mid-2014 to 6.0 per cent in December 2016 in Victoria. Since November 2014, employment has increased by over 199,000 people, and just over 120,000 new full-time jobs have been created. Employment rose modestly in the December quarter. All of the increase was in the full-time component, reversing the pattern of the previous few quarters.

GDP growth in the major advanced economies is likely to remain above potential over the next couple of years according to the RBA. Near-term growth in China is expected and while considerable uncertainty remains about the economic policies of the new US administration, reductions in personal and corporate taxes are likely.

The prices of bulk commodities increased significantly over the past year. Australia’s terms of trade have consequently risen by more than 15 per cent since mid-2016. The price rises have a range of causes including domestic supply disruptions, higher than expected Chinese steel production and cuts to the production of bulk commodities in China.

The December quarter underlying inflation outcome was broadly in line with expectations. Measures of underlying inflation are forecast to pick up gradually, to be around 1.5 to 2.5 per cent by the end of 2017.

Real GDP declined in the September quarter, a weaker outcome than was anticipated. This weakness is not expected to continue however and real GDP looks to have increased in the December quarter. GDP growth is expected to pick up over 2017 to 2.5 to 3.5 per cent. Liquefied natural gas exports are projected to add around 0.5 percentage points to GDP growth in each of 2017 and 2018.

Consumer sentiment dipped slightly in Victoria, dropping 2.9 per cent in February to 100.7. Nationally, consumer sentiment rose by 2.3 per cent to 99.6 in February.

Consumer Sentiment Indices v Time to Buy a Dwelling Index

Interest Rates

Consumer Price Index, Melbourne v National

Consumer Price Index Components, Melbourne




Prices

REIV House and Unit Price Index, Melbourne

REIV House Price Index, Metropolitan Melbourne

REIV House and Unit Price Index, Regional Victoria

REIV House Price Index, Regional Centres

The REIV House Price Index (HPI) for Melbourne rose 0.7 per cent over January to 190.9, and the index is currently 4.3 per cent higher than its value a year ago. The HPI for regional Victoria is 1.7 per cent higher than its value a year ago, now at 139.8.

Annual HPI growth is highest in inner Melbourne, with an increase of 8.9 per cent since January 2016 compared to 8.4 per cent for outer Melbourne and 4.2 per cent for middle Melbourne. Outer Melbourne experienced the largest monthly growth at 0.7 per cent.

Year on year, REIV Unit Price Index (UPI) has increased by 3.6 per cent in Melbourne and is now at 166.2. Annually, UPI growth in outer Melbourne is the strongest with an increase of 7.3 per cent since January 2016, followed by inner Melbourne at 2.9 per cent and middle Melbourne at 2.6 per cent. The UPI rose by 1.1 per cent in January for outer Melbourne while rising by 0.8 per cent and 0.4 per cent respectively for middle and inner Melbourne.

The HPI for regional Victoria rose by 0.3 per cent over January and is now 139.8 while UPI for regional Victoria remained stable at 129.4. Over the year, HPI growth in regional Victoria has been strongest in Geelong, where it has increased by 5.7 per cent since January 2016.

Annual UPI growth is also strongest in Geelong, where it has increased 0.4 per cent since January 2016.

It should be noted that the HPI and UPI are a different measure from the quarterly median prices. It provides an additional measure of market activity that can be monitored on a monthly basis using sales.

In the coming months the REIV will be introducing a new housing price index, the RMX, in order to better reflect real price change in dwellings in Victoria.





Auction Market

December 2016 represented a strong close to the year with a record 3,871 auctions held, with 76 per cent selling, compared to 3,804 auctions in December 2015. The local government areas of Darebin (206 auctions), Monash (194 auctions), Boroondara (189 auctions) and Moreland (188 auctions) had the highest number of auctions in December 2016, with Monash reporting a clearance rate of 85 per cent.

There were about 39,100 auctions held in Victoria in 2016 with 75 per cent selling. The middle Melbourne region recorded the highest number of properties sold by auction of any region in 2016, with around 11,900 sales, and a clearance rate of 77 per cent.

At the suburb level, Reservoir had the most auctions for the month, with 56 auctions held in December 2016 followed by Craigieburn (54), Glen Waverley (52), Mount Waverley (48) and Richmond (48).

Craigieburn (46 sales), Reservoir (45 sales), Glen Waverley (42 sales) and Mount Waverley (41 sales) had the highest number of properties sold by auction in December.

Clayton and Ferntree Gully had the highest clearance rates in December, with clearance rates of 100 per cent.

It should be noted that the REIV continues to receive results several weeks after the date of auction which may lead to revisions in auction data.

House Price Growth v Clearance Rate, Rolling Annual Highest Clearance Rates (December 2016)

Highest Number of Auction Sales (December 2016)Auctions v Clearance Rate, Victoria

CLAYTON 18 100%

FERNTREE GULLY 16 100%

NORTHCOTE 26 96%

FRANKSTON 21 95%

MITCHAM 17 94%

MILL PARK 31 94%

KEILOR EAST 15 94%

DONVALE 14 93%

SOUTH MELBOURNE 14 93%

WANTIRNA SOUTH 14 93%

CRAIGIEBURN 46 85%

RESERVOIR 45 81%

GLEN WAVERLEY 42 81%

MOUNT WAVERLEY 41 85%

RICHMOND 38 81%

BUNDOORA 34 77%

EPPING 34 76%

LALOR 32 86%

MILL PARK 31 94%

BENTLEIGH EAST 29 85%

SUBURB SOLD CLEARANCE RATE

SUBURB SOLD CLEARANCE RATE

NOTE: Includes sales from 1 Dec 2016 to 31 Dec 2016 for suburbs with 15 or more auctions

NOTE: Includes sales from 1 Dec 2016 to 31 Dec 2016 for suburbs with 15 or more auctions





Rental Market

Victoria’s vacancy rate stands at 2.4 per cent in January 2017. The weekly median rent for houses in metropolitan Melbourne rose to $436 in January on the back of a rise in middle Melbourne. In regional Victoria, the weekly median rent for houses remained at $310 per week in January. The weekly median rent for units rose slightly to $405 per week in metropolitan Melbourne while the median rent for units in regional Victoria fell by 1.0 per cent to $260 per week.

Vacant space across metropolitan Melbourne dropped slightly to 2.3 per cent in January. Within Melbourne’s sub-regions, vacancy rates in the inner suburbs remained at 2.2 per cent in January while the middle suburbs fell ten basis points to 2.7 per cent and the outer suburbs remained at 1.9 per cent. The continuing lower vacancy rates in outer Melbourne suggest pressure on family housing in these areas, which are relatively affordable compared to areas closer to the CBD.

The vacancy rate in regional Victoria rose slightly to 2.5 per cent in January. The vacancy rates in the Geelong region dropped slightly to 2.8 per cent while vacancy rates in the Bendigo region remained stable at 1.8 per cent and those in the Ballarat region rose 10 basis points to 1.9 per cent. Rents for houses in Geelong and Ballarat fell $10 per week to $350 and $290 per week respectively in January while rents for Bendigo rose $23 to $305 per week.

Vacancy Rates, Melbourne & Regional Victoria Vacancy Rates, 6-month average trend

Vacancy Rates, Metropolitan Melbourne

Inner Total 2.2 2.2

Inner (0-4Km) 2.6 2.7

Inner (4-10Km) 2.2 2.1

Middle (10-20Km) 2.7 2.8

Outer Total 1.9 1.9

Outer (20+Km Exc. Mornington Pen.) 1.9 1.9

Outer (Mornington Pen.) 1.7 2.1

Melbourne Total 2.3 2.4

Geelong 2.8 2.9

Bendigo 1.8 1.8

Ballarat 1.9 1.8

Regional Victoria Region 2.5 2.4

Victoria Total 2.4 2.4

Inner $580 $580

Middle $430 $420

Outer $380 $380

Metro Melbourne $436 $427

Geelong $350 $360

Ballarat $290 $300

Bendigo $305 $283

Regional Victoria $310 $310

Inner $420 $420

Middle $400 $380

Outer $340 $331

Metro Melbourne $405 $400

Geelong $310 $310

Ballarat $240 $265

Bendigo $250 $250

Regional Victoria $260 $263

VACANCY RATES JAN 2017 DEC 2016

MEDIAN HOUSE RENTS

MEDIAN UNIT RENTS





Transactions

There were an estimated 10,600 house and unit sales in Victoria in December 2016, and about 131,080 sales in 2016. Based on these estimates, the share of auctions sold as a percentage of overall sales was 22.4per cent in 2016.

In the 12 months ending December 2016, there were approximately 110,040 housing finance commitments (excluding refinancing) in Victoria. This is a growth of 0.8 per cent from last year. The share of first home buyers was at 15.3 per cent for the year to December 2016. The continued rise in housing finance commitments is a leading indicator of future transactions and as more consumers are readying to buy.

Properties in Melbourne spent on average 32 days on market in January, the same as in December and five days less than in January 2016. For regional Victoria, the median days on market rose two days to 60 days on market in January 2017.

Inner Melbourne properties spent 38 days on market in January 2017, two days down from December, while middle Melbourne remained at 34 days on market and outer Melbourne fell by one day to 28 days on market.

The total number of building approvals rose by 17.0 per cent in December in seasonally adjusted terms, with approximately 6,343 dwelling units approved and 68,230 dwelling units approved in the past 12 months in Victoria. December saw a rise in the proportion of building approvals attained for units or apartments, with 52.9 per cent of building approvals in December attained for houses compared to 40.4 per cent in October and 45.1 per cent in November.

Building Approvals, Victoria

Credit Growth, Australia

Housing Finance Commitments, Victoria

Median Days on Market, Private Sales





DECEMBER 2016 QUARTER COMMERCIAL MARKET


CBD total sales greater than $2 million in value totalled $1.19 billion in the 12 months to December 2016 across 17 sales; down by 57 per cent from the previous 12 months according to Savills’ Office Market Report. This represents the lowest sales volume since December 2012. This represents the lack of prime assets offered for sale, rather than diminishing investment appetite.

The Australian dollar has depreciated by 31 per cent against the US dollar from its peak in March 2013, boosting property investment from foreign investors. Foreign investors for the period accounted for 73 per cent of total sales by value for the 12 months to December 2016.

For the Melbourne Fringe market (Southbank, St Kilda Road and Docklands), Savills recorded $1.39 billion of transactions greater than $2 million in value over the 12 months to December 2016 across 11 properties; up by 88 per cent from the previous 12 months. Southbank dominated Fringe sales activity in the 12 months with 74 per cent of the total sales value. Foreign investment was strong, accounting for 84 per cent of the total transactions by value in Southbank, St Kilda Road and the Docklands.

Commercial Office



Commercial Office

COMMERCIAL LOWER MEDIAN UPPER LOWER MEDIAN UPPER MONTHOFFICE QUARTILE JAN-17 QUARTILE QUARTILE DEC-16 QUARTILE CHANGE

Capital values ($/sqm) $3,503 $4,714 $6,957 $3,240 $4,599 $6,858 2.5%

Net face rents ($/sqm) $183 $257 $350 $181 $250 $349 2.8%

Net Rental Yield (% pa) 4.5% 5.5% 7.2% 4.4% 5.4% 7.2% 0.1ppts

Note: Data is based on 12 months ending the relevant month

ADDRESS SALE DATE PROPERTY TYPE SALE METHOD SALE PRICE

457 St Kilda Rd, Melbourne Nov-16 Office Sale $60,499,999

115 Batman St, West Melbourne Nov-16 Office Sale $16,049,999

263 William St, Melbourne Oct-16 Hotel Sale $8,610,000

96-98 Morang Rd, Hawthorn Oct-16 Office Auction Sale $5,850,000

33 Balmain St, Cremorne Oct-16 Car Park Sale $5,830,000

67 Maroondah Hwy, Ringwood Oct-16 Office Sale $5,808,000

391-399 Clarendon St, South Melbourne Oct-16 Office Auction Sale $4,705,000

123 Moray St, South Melbourne Oct-16 Office Sale $4,400,000

93&93a Paisley St, Footscray Oct-16 Office Sale $3,625,000

366-368 Boundary Rd, Dingley Village Oct-16 Office Auction Sale $3,210,000

Top 10 Commercial Sales, December Quarter 2016

DECEMBER QUARTER COMMERCIAL MARKET


Factory/Warehouse

FACTORY LOWER MEDIAN UPPER LOWER MEDIAN UPPER MONTHWAREHOUSE QUARTILE JAN-17 QUARTILE QUARTILE DEC-16 QUARTILE CHANGE

Capital values ($/sqm) $1,179 $1,408 $1,802 $1,179 $1,423 $1,818 -1.1%

Net face rents ($/sqm) $73 $85 $107 $74 $86 $108 -1.2%

Net Rental Yield (% pa) 5.6% 6.0% 6.7% 5.6% 6.0% 6.7% 0.0ppts

Industrial

40 Station St, Korumburra Oct-16 Food Processing Sale $35,000,000

2 Roussos Pl, Truganina Oct-16 Warehouse Sale $32,330,212

66 Dunmore Dr, Truganina Oct-16 Warehouse Sale $25,869,322

41 Mills Rd, Braeside Oct-16 Warehouse Sale $19,994,636

36 Graham Rd, Highett Nov-16 Warehouse Sale $18,888,890

81 Gateway Blvd, Epping Dec-16 Cold Storage Sale $15,554,292

150 Arthurton Rd, Northcote Dec-16 Self Storage Sale $13,449,999

8 Vulcan Dr, Truganina Oct-16 Warehouse Sale $13,158,255

1651 Centre Rd, Springvale Oct-16 Warehouse Sale $12,975,000

26 The Crescent, Mildura Oct-16 Warehouse Sale $9,250,000


Top 10 Industrial Sales, December Quarter 2016




Melbourne’s industrial sales (>$2 million) totalled $2.27 billion in the 12 months to December 2016 from 114 assets; a record high and 9 per cent higher than the same period last year.

Funds remained the dominant buyers accounting for 40 percent of transactions by value, spending $922.04 million in the past year. Foreign investors accounted for 30 percent of the sales value over the past year.

Owner occupiers were the dominant vendor category accounting for 33 percent of total sales over the past year.

Sales in the price range greater than $30 million made up 70 percent of total sales activity by value. A total of $1.58 billion was exchanged in this price bracket across 16 assets.

The North West region accounted for 43 percent of all industrial sales (by value) with total sales at $972 million across 46 assets in the past year. The South Eastern region saw total sales of $780 million in the past 12 months across 63 buildings.

According to The Property Council / IPD Australia All Property Index, Victorian industrial property returned a total return of 11 per cent, down from 12.1 per cent a year ago.




Retail


239 High St, Kangaroo Flat Oct-16 Shopping Centre Sale $35,000,000

251 Maroondah Hwy, Healesville Oct-16 Shopping Centre Sale $29,900,000

39 Gordon Av, Geelong West Oct-16 Retail Sale $4,880,000

45 Toorak Rd, South Yarra Nov-16 Retail Sale $3,750,000

313 North Rd, Caulfield South Oct-16 Retail Sale $3,050,000

740 Glenferrie Rd, Hawthorn Oct-16 Retail Sale $3,000,000

33 Victoria St, Warragul Oct-16 Retail Sold Before Auction $2,920,000

1021 Mt Alexander Rd, Essendon Oct-16 Retail Sale $2,900,000

1 Tripovich St, Brunswick Oct-16 Retail Auction Sale $2,800,000

333a Clayton Rd, Clayton Nov-16 Restaurant Private Sale $2,620,000

Top 10 Retail Sales, December Quarter 2016

General Retail

GENERAL LOWER MEDIAN UPPER LOWER MEDIAN UPPER MONTHRETAIL QUARTILE JAN-17 QUARTILE QUARTILE DEC-16 QUARTILE CHANGE

Capital values ($/sqm) $2,248 $4,188 $6,439 $2,218 $4,150 $6,428 0.9%

Net face rents ($/sqm) $141 $261 $434 $140 $267 $435 -2.2%

Net Rental Yield (% pa) 3.8% 6.2% 6.5% 4.0% 6.4% 6.6% -0.2ppts



Victorian retail investment sales (greater than $5 million) totalled $1.74 billion in the 12 months to December 2016 from 42 sales; down from $2.28 billion in the previous year. Approximately 60 per cent of the total value of retail properties transacted were valued in the >$100 million price range.

Capital values for the retail sector increased over the month by 0.9 per cent to $4,188/sqm in January from $4,150/sqm in December, while net face rent fell by 2.2 per cent to $261/sqm. Net rental yields decreased by 0.2 percentage points over January to 6.2 per cent.


REIV Monthly Research Bulletin • February 2017 • Expanded Edition 114 REIV Monthly Research Bulletin • Expanded Issue 1 • Febraury 2013 14

DECEMBER 2016 QUARTER RESULTS

REIV Monthly Research Bulletin • February 2017 • Expanded Edition 1 15REIV Property Update - June Quarter 2013 - reiv.com.au15

DECEMBER 2016 QUARTER MEDIAN PRICES


DECEMBER QUARTER MEDIAN PRICES

Melbourne Market Continues to Deliver Strong Price Growth

Melbourne’s median house price has surged over $750,000 for the first time, new data from the REIV shows.

In the three months to December 31, Melbourne’s median house price increased 5.0 per cent to a record high $770,000.

Growth was widespread across Melbourne and the market – from Toorak and Brighton to Moonee Ponds and Macleod. Double-digit growth was experienced in 43 of suburbs with more than 30 sales.

Growth was also recorded in the outer, more affordable suburbs, including Cranbourne in the south-east, and Hoppers Crossing and Wyndham Vale in the west. The median house price in all three suburbs remains below $450,000.

Units and apartments also increased in price over the December quarter in Melbourne, rising 3.0 per cent to $563,500.

And in regional Victoria, house prices experienced growth of 2.0 per cent to $358,000, while the unit and apartment median was slightly lower than the September quarter at $269,000.

It was a very strong closing quarter with the number of sales increasing, along with solid price results.

Transaction numbers in the inner and middle suburbs of Melbourne were up more than 20 per cent from the September quarter.

The ongoing interest from investors and homebuyers in the Victorian market looks likely to continue well into this year.

Overview

Median House and Unit Price, Melbourne

Median House and Unit Price, Regional Victoria


December Quarter 2016 Median PricesMETROPOLITAN MELBOURNE AND REGIONAL VICTORIA MEDIAN PRICES, SEASONALLY ADJUSTEDMetropolitan Melbourne Dec-16 Quarter % chg to last q Sep-16 Quarter Annual Change

House $770,000 5.0% $733,000 4.6%

Unit and Apartment $563,500 3.0% $547,000 3.8%

Regional Victoria Dec-16 Quarter % chg to last q Sep-16 Quarter Annual Change

House $358,000 2.0% $351,000 1.4%

Unit and Apartment $269,000 -1.1% $272,000 1.3%

INNER, MIDDLE, OUTER MELBOURNE MEDIAN PRICES, SEASONALLY ADJUSTED Inner Melbourne Dec-16 Quarter % chg to last q Sep-16 Quarter Annual Change

House $1,405,000 4.6% $1,343,000 8.1%


Middle Melbourne Dec-16 Quarter % chg to last q Sep-16 Quarter Annual Change

House $900,500 4.3% $863,500 3.6%


Outer Melbourne Dec-16 Quarter % chg to last q Sep-16 Quarter Annual Change

House $605,500 5.8% $572,500 8.7%


AUCTION AND PRIVATE SALE MEDIAN PRICES, SEASONALLY ADJUSTED Auctions Dec-16 Quarter % chg to last q Sep-16 Quarter Annual Change

House $910,000 2.5% $888,000 1.6%


Private Sale Dec-16 Quarter % chg to last q Sep-16 Quarter Annual Change

House $636,500 5.3% $604,500 10.1%

Unit and Apartment $467,000 -3.1% $482,000 3.7%


* Annual change is based on rolling annual figures


Suburbs

Municipalities

STONNINGTON $2,100,000 MELTON $447,500 MORNINGTON PENINSULA 709

BOROONDARA $2,020,000 CARDINIA $450,000 WYNDHAM 605

PORT PHILLIP $1,750,000 HUME $471,000 WHITTLESEA 596

BAYSIDE $1,610,000 WYNDHAM $475,800 BRIMBANK 560

GLEN EIRA $1,403,000 CASEY $515,500 YARRA RANGES 538

MELBOURNE $1,350,000 WHITTLESEA $550,000 WHITEHORSE 523

YARRA $1,315,000 BRIMBANK $600,000 BANYULE 516

MANNINGHAM $1,290,000 FRANKSTON $601,500 CASEY 505

MONASH $1,220,000 YARRA RANGES $620,000 MONASH 501

WHITEHORSE $1,200,000 GREATER DANDENONG $670,000 BOROONDARA 484

House Prices

Lower Quartile $466,000 -4.2% $486,500 8.9%

Upper Quartile $815,500 -1.5% $828,000 4.3%

85th Percentile $970,500 -2.1% $991,000 3.3%

95th Percentile $1,401,000 2.4% $1,368,500 3.4%

HOUSE PRICES DEC-16 QUARTER % CHG TO LAST QTR SEP-16 QUARTER YEAR-ON-YEAR CHANGE

MOST EXPENSIVE MOST AFFORDABLE HIGHEST TURNOVER


TOORAK $4,762,500 MELTON SOUTH $285,000 PAKENHAM 194

CANTERBURY $2,775,000 KURUNJANG $309,000 POINT COOK 163

BRIGHTON $2,740,000 MELTON WEST $352,000 CRAIGIEBURN 151

HAWTHORN $2,470,000 PAKENHAM $410,000 FRANKSTON 147

ARMADALE $2,460,000 SUNBURY $412,000 GLEN WAVERLEY 135

BALWYN $2,367,500 WERRIBEE $415,000 RESERVOIR 131

MALVERN $2,300,000 WYNDHAM VALE $415,000 HOPPERS CROSSING 123

CAULFIELD NORTH $2,280,000 HAMPTON PARK $430,000 MOUNT WAVERLEY 117

CAMBERWELL $2,072,500 CRANBOURNE $442,000 MOUNT MARTHA 107

GLEN IRIS $2,010,000 HOPPERS CROSSING $445,000 MOUNT ELIZA 105

* Only suburbs with a minimum of 30 sales recorded during the quarter are included Turnover figures are current as of publication date

* Only metropolitan municipalities with a minimum of 30 sales recorded during the quarter are included Turnover figures are current as of publication date

Melbourne house prices (Original)



ABBOTSFORD* 16 $1,180,000 $1,350,000 $1,511,000 $1,153,750 17.0% 25.3%

ABERFELDIE* 10 $1,300,000 $1,346,000 $1,705,000 - - 4.7%

AIRPORT WEST* 11 $738,000 $820,000 $900,000 $885,000 -7.3% 19.8%

ALBANVALE* 13 $460,000 $500,000 $550,000 $439,000 13.9% 28.6%

ALBERT PARK* 27 $1,525,000 $1,885,000 $2,485,000 $1,660,000 13.6% 6.8%

ALBION* 10 $644,500 $675,625 $730,000 - - 20.6%

ALPHINGTON* 13 $1,250,000 $1,782,500 $2,100,000 $1,485,000 20.0% 16.5%

ALTONA* 26 $850,000 $900,000 $1,150,000 $765,750 17.5% 10.4%

ALTONA MEADOWS* 28 $505,500 $551,750 $700,154 $535,000 3.1% 5.1%

ALTONA NORTH* 28 $698,900 $767,000 $902,750 $781,000 -1.8% 10.3%

ARDEER* 14 $540,000 $573,000 $695,000 $543,000 5.5% 36.0%

ARMADALE 31 $2,050,000 $2,460,000 $3,512,500 $2,020,000 21.8% 5.1%

ASCOT VALE 37 $917,500 $1,130,000 $1,295,000 $1,094,000 3.3% 23.2%

ASHBURTON* 26 $1,449,000 $1,615,000 $1,678,500 $1,650,000 -2.1% 7.2%

ASHWOOD* 23 $1,150,000 $1,270,000 $1,510,000 $1,350,000 -5.9% 7.1%

ASPENDALE* 14 $757,500 $930,000 $985,000 $891,500 4.3% 6.2%

ASPENDALE GARDENS* 11 $720,000 $793,000 $872,000 $805,000 -1.5% 5.0%

ATTWOOD* 12 $710,000 $750,000 $771,500 - - 15.2%

AVONDALE HEIGHTS 33 $750,000 $801,000 $860,000 $802,500 -0.2% 16.9%

BALNARRING* 11 $681,000 $821,000 $1,685,000 - - 6.6%

BALWYN 50 $2,038,500 $2,367,500 $2,840,000 $2,090,000 13.3% -3.6%

BALWYN NORTH 71 $1,550,000 $1,728,000 $2,190,000 $1,667,500 3.6% -6.3%

BAYSWATER* 26 $635,000 $742,000 $816,000 $696,000 6.6% 10.5%

BAYSWATER NORTH* 21 $575,500 $659,000 $706,000 $605,000 8.9% 6.1%

BEACONSFIELD* 7 $595,000 $657,000 $790,000 $636,000 3.3% 9.6%

BEAUMARIS 47 $1,355,000 $1,592,500 $1,765,000 $1,545,000 3.1% 7.1%

BELGRAVE* 14 $566,000 $633,000 $685,000 $536,000 18.1% 10.1%

BELLFIELD* 8 $799,000 $870,000 $890,000 - - 12.1%

BENTLEIGH 37 $1,255,000 $1,377,500 $1,450,000 $1,329,000 3.6% 9.8%

BENTLEIGH EAST 80 $1,020,000 $1,170,000 $1,293,000 $1,158,750 1.0% 15.6%

BERWICK 81 $550,000 $645,000 $730,500 $600,000 7.5% 7.7%

BLACK ROCK* 19 $1,490,000 $1,695,000 $2,370,000 $1,610,000 5.3% 14.6%

BLACKBURN 40 $1,285,000 $1,400,000 $1,670,000 $1,241,000 12.8% 5.0%

BLACKBURN NORTH* 24 $1,069,000 $1,115,000 $1,240,000 $969,750 15.0% 14.9%

BLACKBURN SOUTH 39 $1,073,000 $1,195,000 $1,300,000 $1,059,000 12.8% 13.3%

BLAIRGOWRIE* 21 $630,000 $760,000 $900,000 - - 11.9%

BONBEACH* 15 $758,000 $821,000 $1,100,000 $767,500 7.0% 12.5%

BORONIA 57 $600,000 $656,000 $735,000 $626,000 4.8% 6.3%

BOTANIC RIDGE* 8 $570,000 $581,000 $590,000 $645,000 -9.9% 12.6%

BOX HILL* 25 $1,125,000 $1,500,000 $1,888,888 $1,600,000 -6.3% -0.7%

BOX HILL NORTH 44 $980,000 $1,175,000 $1,360,000 $1,150,000 2.2% 5.6%

BOX HILL SOUTH 32 $1,250,000 $1,316,000 $1,600,000 $1,101,000 19.5% 6.3%

BRAYBROOK* 17 $645,000 $660,000 $734,000 $669,000 -1.3% 15.6%

BRIAR HILL* 8 $650,000 $690,250 $790,000 $606,000 13.9% 3.3%

BRIGHTON 104 $1,830,000 $2,740,000 $3,400,000 $2,245,000 22.0% 4.8%

BRIGHTON EAST 60 $1,496,250 $1,702,500 $2,097,500 $1,700,000 0.1% 7.3%

BROADMEADOWS 30 $448,500 $481,000 $506,666 $397,000 21.2% 7.0%

BROOKFIELD* 26 $319,000 $348,750 $398,000 $327,500 6.5% 4.3%

BROOKLYN* 8 $707,000 $738,750 $890,000 - - 8.3%

BRUNSWICK 60 $900,000 $1,125,000 $1,329,000 $1,050,000 7.1% 14.1%

BRUNSWICK EAST* 22 $1,280,000 $1,340,000 $1,511,017 $1,067,000 25.6% 20.5%

BRUNSWICK WEST* 21 $988,000 $1,133,500 $1,270,000 $1,006,000 12.7% 10.4%

BULLEEN 38 $1,014,444 $1,207,500 $1,302,000 $1,140,000 5.9% 3.1%

BUNDOORA 92 $605,500 $661,500 $752,000 $645,000 2.6% 5.6%

BUNYIP* 8 $360,000 $450,000 $677,500 - - 4.7%

BURNSIDE* 9 $530,000 $611,000 $713,000 $491,000 24.4% 1.7%

BURNSIDE HEIGHTS* 10 $522,000 $571,000 $620,000 $525,500 8.7% 14.6%

BURWOOD 35 $1,170,000 $1,307,944 $1,521,000 $1,242,500 5.3% 0.0%

Median house prices by suburb

*Indicates that less than 30 sales were recorded during the quarter Year on year change is based on rolling annual figures

SUBURB SALES LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL DEC-2016 QUARTILE DEC-2016 QUARTILE SEP-2016 CHANGE CHANGE






BURWOOD EAST 31 $1,005,000 $1,100,000 $1,223,888 $1,003,000 9.7% 2.6%

CAIRNLEA* 10 $610,000 $615,000 $682,500 $638,888 -3.7% 7.6%

CAMBERWELL 68 $1,735,000 $2,072,500 $2,616,500 $2,125,000 -2.5% 2.7%

CAMPBELLFIELD* 9 $417,500 $432,500 $487,500 - - 18.5%

CANTERBURY 37 $2,450,000 $2,775,000 $3,205,000 $2,496,500 11.2% 4.1%

CAPEL SOUND* 22 $440,000 $530,000 $605,000 $436,000 21.6% 13.2%

CARLTON NORTH* 22 $1,300,000 $1,415,000 $2,100,000 $1,400,000 1.1% 19.9%

CARNEGIE* 16 $1,275,000 $1,400,000 $1,583,000 $1,400,000 0.0% 4.1%

CAROLINE SPRINGS 70 $471,000 $575,350 $638,500 $515,250 11.7% 11.1%

CARRUM* 16 $597,000 $765,000 $812,500 $773,250 -1.1% 24.2%

CARRUM DOWNS 50 $445,500 $474,500 $498,250 $440,000 7.8% 19.9%

CAULFIELD NORTH 34 $1,726,000 $2,280,000 $2,680,000 $2,137,500 6.7% 23.3%

CAULFIELD SOUTH 50 $1,173,000 $1,807,500 $1,947,500 $1,450,000 24.7% 13.9%

CHADSTONE* 18 $958,000 $1,071,000 $1,460,000 $1,002,000 6.9% 9.1%

CHELSEA* 23 $805,000 $902,500 $1,022,500 $886,500 1.8% 21.8%

CHELSEA HEIGHTS* 18 $662,000 $698,000 $750,000 $665,500 4.9% 12.4%

CHELTENHAM 64 $895,000 $1,003,000 $1,191,000 $982,500 2.1% 11.8%

CHIRNSIDE PARK 51 $620,000 $690,000 $831,000 $641,000 7.6% 12.6%

CLARINDA* 12 $751,000 $805,000 $830,000 - - 9.6%

CLAYTON* 27 $1,030,000 $1,276,000 $1,410,000 $1,160,000 10.0% 8.0%

CLAYTON SOUTH* 27 $739,000 $851,500 $890,000 $762,500 11.7% 10.0%

CLIFTON HILL* 24 $1,209,000 $1,417,500 $1,650,000 $1,270,000 11.6% 14.7%

CLYDE NORTH* 28 $440,500 $454,000 $510,500 $419,500 8.2% 1.1%

COBURG 65 $816,000 $948,500 $1,117,500 $889,444 6.6% 11.4%

COBURG NORTH* 25 $760,000 $820,000 $895,000 $801,000 2.4% 16.6%

COCKATOO* 19 $397,000 $467,500 $588,000 $456,000 2.5% 12.6%

COLLINGWOOD* 13 $905,000 $1,007,500 $1,270,000 $1,019,000 -1.1% 8.8%

CRAIGIEBURN 151 $405,000 $450,000 $545,000 $440,000 2.3% 10.1%

CRANBOURNE 35 $390,000 $442,000 $515,500 $390,000 13.3% 11.0%

CRANBOURNE EAST* 29 $465,000 $480,000 $521,212 $462,000 3.9% 7.4%

CRANBOURNE NORTH 45 $412,119 $453,500 $520,250 $441,000 2.8% 11.3%

CRANBOURNE WEST* 29 $384,000 $435,000 $455,000 $395,000 10.1% 12.2%

CREMORNE* 7 $895,000 $1,220,000 $1,380,000 - - -2.9%

CROYDON 102 $620,000 $730,000 $830,000 $700,000 4.3% 8.2%

CROYDON HILLS* 17 $811,000 $858,616 $938,500 - - 7.8%

CROYDON NORTH 40 $680,000 $815,600 $902,575 $737,500 10.6% 5.6%

CROYDON SOUTH 30 $620,500 $708,500 $774,500 $690,000 2.7% 12.3%

DALLAS* 16 $339,500 $354,000 $380,000 $335,000 5.7% 6.8%

DANDENONG 32 $495,500 $599,950 $692,500 $700,000 -14.3% 21.3%

DANDENONG NORTH 39 $550,500 $603,000 $681,000 $565,000 6.7% 12.0%

DEER PARK 62 $450,000 $486,000 $551,500 $445,000 9.2% 16.2%

DELAHEY* 17 $452,500 $508,000 $538,000 $470,000 8.1% 11.9%

DERRIMUT* 24 $486,000 $550,000 $624,000 $525,000 4.8% 15.3%

DIAMOND CREEK 38 $686,000 $730,000 $810,000 $693,875 5.2% 12.9%

DINGLEY VILLAGE 30 $690,000 $791,000 $905,000 $857,500 -7.8% 13.3%

DONCASTER 53 $1,202,000 $1,398,000 $1,580,000 $1,202,500 16.3% 4.1%

DONCASTER EAST 73 $1,220,000 $1,312,900 $1,490,500 $1,234,000 6.4% 10.2%

DONVALE 46 $960,000 $1,160,000 $1,535,000 $1,027,500 12.9% 1.3%

DOREEN 94 $459,000 $550,000 $620,000 $530,000 3.8% 8.4%

DOVETON* 27 $408,000 $425,000 $475,000 $424,000 0.2% 19.9%

DROMANA 47 $523,000 $659,000 $740,000 $566,750 16.3% 3.4%

EAGLEMONT* 17 $1,816,000 $2,012,000 $2,550,000 $1,901,000 5.8% 17.6%

EDITHVALE* 19 $818,500 $1,002,500 $1,101,000 $846,000 18.5% 15.4%

ELSTERNWICK* 27 $1,450,000 $1,550,000 $1,655,000 $1,755,000 -11.7% 11.9%

ELTHAM 69 $770,000 $890,000 $1,001,000 $845,000 5.3% 11.9%

ELTHAM NORTH 33 $785,000 $850,600 $930,000 $772,500 10.1% 15.8%

ELWOOD 36 $1,480,000 $1,772,000 $2,350,000 $2,192,500 -19.2% 16.8%

EMERALD* 24 $480,000 $594,000 $691,000 $602,500 -1.4% 12.3%




SUBURB SALES LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL DEC-2016 QUARTILE DEC-2016 QUARTILE SEP-2016 CHANGE CHANGE ENDEAVOUR HILLS 30 $550,000 $603,000 $690,000 $581,000 3.8% 14.5%

EPPING 85 $450,000 $496,500 $570,500 $486,000 2.2% 16.1%

ESSENDON 62 $1,155,000 $1,463,000 $1,650,000 $1,426,000 2.6% 12.9%

EYNESBURY* 12 $400,000 $492,500 $518,000 - - 3.6%

FAIRFIELD* 10 $1,205,500 $1,520,500 $2,291,000 $1,250,000 21.6% 3.3%

FAWKNER 43 $582,000 $650,000 $691,000 $619,000 5.0% 14.2%

FERNTREE GULLY 76 $642,000 $702,944 $746,500 $655,000 7.3% 10.0%

FITZROY* 14 $1,042,000 $1,565,000 $2,550,000 $1,300,000 20.4% -2.0%

FITZROY NORTH 39 $1,222,500 $1,400,000 $2,120,000 $1,325,000 5.7% 6.4%

FLEMINGTON* 20 $855,000 $962,500 $1,180,000 $918,000 4.8% 15.8%

FLINDERS* 10 $1,300,000 $1,465,000 $2,225,000 - - 36.4%

FOOTSCRAY 36 $794,000 $895,625 $1,100,000 $845,000 6.0% 11.0%

FOREST HILL 38 $900,000 $1,002,500 $1,099,000 $905,000 10.8% 0.7%

FRANKSTON 147 $470,000 $515,000 $600,000 $505,000 2.0% 9.2%

FRANKSTON NORTH* 20 $400,500 $415,600 $427,000 $353,500 17.6% 19.1%

FRANKSTON SOUTH 89 $654,000 $755,000 $961,000 $727,500 3.8% 11.0%

GEMBROOK* 8 $500,000 $642,500 $740,000 $607,500 5.8% 9.4%

GLADSTONE PARK* 28 $550,000 $566,500 $596,250 $525,000 7.9% 15.0%

GLEN IRIS 83 $1,735,000 $2,010,000 $2,510,000 $1,872,500 7.3% 4.4%

GLEN WAVERLEY 135 $1,111,000 $1,321,000 $1,535,000 $1,260,000 4.8% 2.2%

GLENROY 75 $583,000 $670,000 $717,000 $623,000 7.5% 7.2%

GREENSBOROUGH 80 $677,500 $743,806 $839,000 $728,750 2.1% 11.7%

GREENVALE 42 $565,000 $645,000 $757,500 $628,500 2.6% 6.9%

HADFIELD 30 $600,000 $680,000 $732,000 $647,500 5.0% 12.5%

HALLAM* 18 $452,500 $482,000 $510,000 $440,000 9.5% 9.6%

HAMPTON 46 $1,460,000 $1,682,000 $2,140,000 $2,170,000 -22.5% 8.3%

HAMPTON EAST* 13 $1,082,500 $1,265,000 $1,465,000 $1,270,000 -0.4% 24.8%

HAMPTON PARK 33 $396,500 $430,000 $480,000 $429,000 0.2% 10.4%

HASTINGS* 28 $342,500 $383,000 $425,000 $352,500 8.7% 1.5%

HAWTHORN 47 $1,820,000 $2,470,000 $3,125,000 $2,080,000 18.8% 11.0%

HAWTHORN EAST* 28 $1,582,000 $1,790,000 $2,450,000 $1,700,000 5.3% -4.7%

HEALESVILLE* 27 $420,000 $485,000 $555,000 $470,000 3.2% 0.0%

HEATHERTON* 9 $775,000 $885,000 $1,002,500 $900,000 -1.7% 11.5%

HEATHMONT 39 $810,000 $860,000 $950,000 $858,000 0.2% 7.5%

HEIDELBERG* 15 $1,027,500 $1,085,000 $1,400,000 $1,155,000 -6.1% 8.5%

HEIDELBERG HEIGHTS* 26 $725,000 $910,000 $994,000 $760,000 19.7% 15.2%

HEIDELBERG WEST 32 $550,000 $680,000 $735,000 $649,000 4.8% 7.8%

HIGHETT 39 $1,050,000 $1,300,000 $1,400,000 $1,160,000 12.1% 20.2%

HILLSIDE 38 $539,000 $595,000 $695,000 $536,000 11.0% 12.2%

HOPPERS CROSSING 123 $405,500 $445,000 $489,000 $417,000 6.7% 14.1%

HUGHESDALE* 19 $1,055,000 $1,284,000 $1,455,000 $1,263,000 1.7% 12.0%

HURSTBRIDGE* 14 $620,000 $660,000 $955,000 $637,500 3.5% 6.3%

IVANHOE* 29 $1,156,000 $1,412,500 $1,605,000 $1,465,000 -3.6% 11.4%

IVANHOE EAST* 19 $1,750,000 $1,952,750 $3,150,000 - - 12.6%

JACANA* 11 $482,000 $500,000 $510,000 - - 22.4%

KALORAMA* 7 $590,000 $655,000 $730,000 $506,250 29.4% 8.3%

KEALBA* 14 $486,000 $541,500 $740,000 $522,500 3.6% 18.7%

KEILOR* 10 $660,000 $846,000 $1,000,000 $720,000 17.5% 22.9%

KEILOR DOWNS* 18 $565,000 $604,000 $665,100 $599,000 0.8% 13.6%

KEILOR EAST 37 $680,000 $799,000 $920,000 $777,500 2.8% 8.4%

KEILOR PARK* 9 $570,000 $621,000 $720,000 - - 13.5%

KENSINGTON 30 $952,000 $1,120,000 $1,260,000 $1,165,000 -3.9% 7.5%

KEW 72 $1,511,000 $1,920,000 $2,715,000 $2,177,000 -11.8% 0.2%

KEW EAST* 19 $1,700,000 $1,900,000 $2,110,000 $1,580,000 20.3% 4.1%

KEYSBOROUGH 52 $645,000 $687,000 $820,000 $687,500 -0.1% 8.4%

KILSYTH 50 $560,000 $610,000 $710,000 $620,500 -1.7% 11.0%

KINGS PARK* 19 $440,000 $455,000 $485,000 $426,000 6.8% 17.2%

KINGSBURY* 11 $610,000 $652,000 $780,000 $597,750 9.1% 4.9%







KINGSVILLE* 15 $840,000 $925,500 $1,340,000 $988,000 -6.3% 14.2%

KNOXFIELD* 23 $720,000 $790,000 $895,000 $686,000 15.2% 5.7%

KOO WEE RUP* 11 $400,000 $490,500 $767,000 - - 15.4%

KURUNJANG 31 $295,000 $309,000 $345,000 $307,500 0.5% 3.0%

LALOR 75 $497,500 $560,000 $624,000 $487,000 15.0% 12.6%

LANG LANG* 7 $360,000 $390,000 $465,000 $345,000 13.0% -

LANGWARRIN 58 $530,000 $591,000 $692,000 $560,500 5.4% 13.6%

LAUNCHING PLACE* 11 $440,000 $526,000 $610,000 - - 25.0%

LAVERTON* 12 $430,000 $453,000 $476,600 $440,000 3.0% 13.2%

LILYDALE 54 $580,500 $684,350 $789,000 $643,000 6.4% 13.3%

LOWER PLENTY* 11 $955,000 $1,020,000 $1,530,000 $925,000 10.3% 8.6%

LYNBROOK* 7 $535,000 $581,500 $636,500 $570,000 2.0% 6.3%

LYNDHURST* 7 $649,939 $730,000 $830,000 $542,500 34.6% 8.9%

LYSTERFIELD* 16 $712,500 $908,000 $1,270,000 $916,000 -0.9% 8.4%

MACLEOD 30 $720,500 $925,000 $1,050,000 $775,000 19.4% 12.6%

MAIDSTONE* 22 $741,000 $840,000 $1,000,000 $755,500 11.2% 3.8%

MALVERN 38 $1,680,000 $2,300,000 $2,750,000 $2,777,000 -17.2% 3.6%

MALVERN EAST 65 $1,486,750 $1,885,000 $2,276,500 $1,967,000 -4.2% 10.2%

MARIBYRNONG* 24 $870,000 $990,000 $1,320,000 $980,000 1.0% 12.6%

MCCRAE* 24 $670,000 $752,000 $940,000 $670,500 12.2% 17.9%

MCKINNON* 17 $1,306,000 $1,652,750 $1,850,000 $1,805,000 -8.4% 10.2%

MEADOW HEIGHTS* 13 $324,000 $415,000 $421,000 $338,000 22.8% 4.3%

MELTON* 27 $260,000 $291,000 $408,000 $287,000 1.4% 9.8%

MELTON SOUTH 33 $265,000 $285,000 $314,000 $270,000 5.6% 5.6%

MELTON WEST 52 $307,750 $352,000 $381,500 $345,500 1.9% 7.6%

MENTONE 35 $900,000 $1,127,500 $1,295,000 $1,064,000 6.0% 6.9%

MERNDA 59 $420,000 $490,000 $580,000 $445,000 10.1% 5.4%

MICKLEHAM* 7 $369,000 $434,500 $490,000 - - -32.1%

MIDDLE PARK* 16 $1,945,000 $2,250,000 $3,120,000 $1,800,000 25.0% -14.7%

MILL PARK 96 $533,000 $582,500 $661,000 $565,000 3.1% 14.8%

MILLGROVE* 7 $250,000 $295,000 $309,500 $300,000 -1.7% 5.1%

MITCHAM 55 $925,000 $1,010,000 $1,160,500 $898,500 12.4% 6.9%

MONBULK* 13 $602,700 $655,000 $676,750 $527,732 24.1% 10.5%

MONT ALBERT* 13 $1,815,000 $2,160,000 $2,240,000 $2,158,000 0.1% 10.1%

MONT ALBERT NORTH* 25 $1,130,000 $1,395,000 $2,070,000 $1,485,500 -6.1% 1.2%

MONTMORENCY* 29 $758,000 $850,000 $975,000 $768,500 10.6% 5.4%

MONTROSE* 21 $599,999 $632,500 $745,000 $590,000 7.2% 9.2%

MOONEE PONDS 38 $1,030,000 $1,235,000 $1,630,000 $1,030,000 19.9% 16.5%

MOORABBIN* 20 $931,000 $1,025,000 $1,191,000 $975,000 5.1% 14.7%

MOOROOLBARK 81 $585,000 $652,500 $725,000 $625,500 4.3% 7.0%

MORDIALLOC* 23 $890,000 $1,076,500 $1,275,000 $915,000 17.7% 21.6%

MORNINGTON 95 $602,000 $773,000 $1,137,500 $730,000 5.9% 12.2%

MOUNT ELIZA 105 $850,000 $1,100,000 $1,390,000 $990,000 11.1% 11.8%

MOUNT EVELYN 32 $525,777 $593,500 $750,000 $550,750 7.8% 7.8%

MOUNT MARTHA 107 $750,000 $945,000 $1,220,000 $825,000 14.5% 9.8%

MOUNT WAVERLEY 117 $1,181,000 $1,335,000 $1,575,000 $1,287,500 3.7% -0.4%

MULGRAVE 64 $790,000 $840,000 $990,000 $778,250 7.9% 1.6%

MURRUMBEENA* 20 $1,101,000 $1,370,000 $1,610,000 $1,350,000 1.5% 8.3%

NARRE WARREN 37 $490,000 $549,500 $612,500 $495,000 11.0% 15.0%

NARRE WARREN NORTH* 12 $947,500 $980,250 $1,056,000 $1,180,000 -16.9% 10.9%

NARRE WARREN SOUTH 56 $520,000 $577,500 $695,000 $500,000 15.5% 8.8%

NEWPORT 48 $930,000 $1,030,000 $1,185,000 $909,000 13.3% 15.3%

NIDDRIE* 10 $710,000 $1,155,000 $1,290,000 $1,015,000 13.8% 9.4%

NOBLE PARK 59 $600,000 $635,000 $712,500 $612,000 3.8% 12.1%

NOBLE PARK NORTH* 14 $580,500 $612,500 $741,500 $570,000 7.5% 14.1%

NORTH MELBOURNE* 18 $1,150,000 $1,200,000 $1,325,000 $1,292,500 -7.2% 12.7%

NORTHCOTE 72 $1,075,000 $1,317,500 $1,610,000 $1,300,000 1.3% 19.6%

NUNAWADING 40 $920,000 $1,026,500 $1,218,000 $995,000 3.2% 12.2%






OAK PARK* 17 $805,000 $920,000 $1,115,000 $855,333 7.6% 19.3%

OAKLEIGH* 14 $1,076,000 $1,175,000 $1,310,000 $1,003,000 17.1% 7.2%

OAKLEIGH EAST* 12 $1,052,000 $1,132,000 $1,165,000 $1,026,500 10.3% 5.8%

OAKLEIGH SOUTH 32 $862,750 $985,500 $1,090,000 $991,000 -0.6% 9.0%

OFFICER 30 $440,000 $460,000 $476,000 $480,000 -4.2% 10.7%

ORMOND 37 $1,333,500 $1,525,000 $1,722,500 $1,877,000 -18.8% 19.2%

PAKENHAM 194 $370,000 $410,000 $477,500 $410,500 -0.1% 8.1%

PARK ORCHARDS* 16 $1,420,000 $1,500,000 $1,765,000 $1,442,500 4.0% 10.9%

PARKDALE* 29 $1,175,000 $1,340,000 $1,565,000 $1,182,500 13.3% 25.5%

PARKVILLE* 7 $1,300,000 $1,607,500 $2,200,000 - - 27.9%

PASCOE VALE 43 $770,000 $850,500 $975,000 $803,500 5.8% 5.4%

PASCOE VALE SOUTH 35 $850,000 $900,000 $928,000 $833,000 8.0% 15.0%

PATTERSON LAKES* 10 $730,000 $855,000 $1,063,000 $848,000 0.8% 13.6%

PLUMPTON* 8 $440,000 $490,000 $540,000 - - 8.3%

POINT COOK 163 $513,000 $580,000 $665,000 $550,000 5.5% 6.6%

PORT MELBOURNE 40 $1,150,000 $1,450,000 $1,916,000 $1,427,500 1.6% 9.7%

PRAHRAN 43 $1,201,888 $1,685,000 $1,950,000 $1,394,000 20.9% 18.4%

PRESTON 85 $756,000 $900,000 $1,065,000 $890,000 1.1% 10.1%

RESEARCH* 12 $796,000 $968,000 $1,451,000 $933,200 3.7% 9.9%

RESERVOIR 131 $680,000 $780,000 $890,000 $705,000 10.6% 15.2%

RICHMOND 78 $1,145,000 $1,300,000 $1,600,000 $1,193,750 8.9% 4.3%

RINGWOOD 50 $770,000 $860,000 $1,023,000 $795,003 8.2% 4.5%

RINGWOOD EAST 49 $715,500 $900,000 $1,020,000 $717,000 25.5% 5.3%

RINGWOOD NORTH 36 $811,000 $950,500 $1,220,000 $815,000 16.6% 4.2%

ROSANNA* 27 $915,000 $1,100,000 $1,265,000 $935,000 17.6% 5.2%

ROSEBUD 63 $439,000 $506,000 $590,000 $461,000 9.8% 10.0%

ROWVILLE 76 $753,000 $833,000 $895,000 $782,000 6.5% 9.7%

ROXBURGH PARK 45 $385,500 $450,000 $530,000 $454,000 -0.9% 7.8%

RYE 48 $453,000 $582,500 $757,500 $530,000 9.9% 6.8%

SAFETY BEACH* 29 $636,000 $707,500 $820,000 $690,000 2.5% 11.5%

SANDHURST* 11 $700,000 $760,000 $765,000 $735,000 3.4% 11.5%

SANDRINGHAM* 27 $1,656,000 $2,142,000 $2,450,000 $1,820,000 17.7% 15.1%

SCORESBY* 12 $715,000 $773,000 $800,000 $721,000 7.2% 3.9%

SEAFORD 60 $573,000 $648,000 $698,500 $608,000 6.6% 21.4%

SEDDON* 19 $970,000 $1,055,000 $1,201,000 $910,000 15.9% 13.5%

SEVILLE* 13 $502,837 $582,000 $860,000 - - 10.8%

SOMERVILLE* 18 $455,000 $507,000 $1,200,000 $540,000 -6.1% 11.2%

SORRENTO* 16 $1,165,000 $1,350,000 $1,525,000 $1,243,500 8.6% 3.3%

SOUTH KINGSVILLE* 7 $817,000 $952,750 $1,045,000 - - 14.8%

SOUTH MELBOURNE* 29 $1,355,000 $1,620,000 $2,180,000 $1,600,000 1.3% 29.2%

SOUTH MORANG 72 $496,000 $570,500 $625,000 $550,750 3.6% 15.4%

SOUTH YARRA* 26 $1,700,000 $2,285,000 $2,870,000 $1,780,000 28.4% -0.9%

SPOTSWOOD* 14 $932,500 $1,028,000 $1,070,000 $917,500 12.0% 27.1%

SPRINGVALE 34 $665,000 $727,500 $812,500 $635,000 14.6% 6.1%

SPRINGVALE SOUTH* 18 $660,000 $715,000 $775,000 $655,000 9.2% 16.8%

ST ALBANS 92 $515,000 $600,000 $673,000 $526,000 14.1% 25.1%

ST ANDREWS BEACH* 15 $677,000 $770,000 $1,000,000 - - 37.4%

ST HELENA* 8 $721,000 $769,050 $807,000 $823,000 -6.6% 6.1%

ST KILDA* 19 $1,840,000 $1,907,500 $3,900,000 $1,424,000 34.0% 7.2%

ST KILDA EAST* 13 $1,402,000 $1,586,250 $2,007,500 $1,500,000 5.8% 16.7%

STRATHMORE* 21 $920,000 $1,321,000 $2,010,000 $1,100,000 20.1% 10.2%

SUNBURY 43 $353,000 $412,000 $500,000 $427,000 -3.5% 11.9%

SUNSHINE 43 $650,000 $755,000 $910,000 $691,000 9.3% 24.6%

SUNSHINE NORTH 32 $605,000 $640,000 $725,000 $610,500 4.8% 20.6%

SUNSHINE WEST 44 $490,000 $577,500 $640,000 $545,000 6.0% 9.7%

SURREY HILLS 41 $1,570,000 $1,812,500 $2,180,000 $1,793,000 1.1% 0.1%

SYDENHAM* 17 $507,000 $535,500 $595,625 $536,250 -0.1% 13.3%

TARNEIT 87 $442,500 $482,500 $552,500 $453,000 6.5% 9.6%



TAYLORS HILL 31 $560,000 $630,000 $726,000 $664,500 -5.2% 10.9%

TAYLORS LAKES 36 $630,000 $660,000 $735,000 $657,500 0.4% 9.7%

TEMPLESTOWE 52 $1,115,000 $1,325,000 $1,613,000 $1,330,000 -0.4% 8.6%

TEMPLESTOWE LOWER 55 $1,065,000 $1,110,000 $1,250,000 $1,150,000 -3.5% 5.6%

THE BASIN* 16 $603,500 $625,500 $716,500 $605,000 3.4% 9.2%

THOMASTOWN 58 $499,000 $567,000 $635,000 $477,500 18.7% 15.9%

THORNBURY 33 $920,000 $1,164,000 $1,310,000 $1,050,000 10.9% 17.4%

TOORAK 48 $3,040,000 $4,762,500 $7,254,000 $3,900,000 22.1% 31.7%

TOOTGAROOK* 18 $440,000 $537,000 $635,000 $485,000 10.7% 11.5%

TRUGANINA 54 $422,000 $473,500 $530,000 $443,500 6.8% 8.6%

TULLAMARINE* 21 $507,500 $595,000 $676,500 $562,750 5.7% 19.7%

UPWEY 30 $567,500 $645,000 $705,000 $555,000 16.2% 10.0%

VERMONT 43 $875,000 $962,500 $1,082,500 $895,000 7.5% 3.9%

VERMONT SOUTH* 23 $1,060,000 $1,142,000 $1,385,000 $1,138,000 0.4% 8.2%

VIEWBANK* 23 $880,000 $966,500 $1,072,500 $965,000 0.2% 9.2%

WANDIN NORTH* 9 $495,000 $600,000 $811,000 $491,000 22.2% 7.8%

WANTIRNA 48 $816,000 $895,000 $1,013,000 $802,500 11.5% 3.1%

WANTIRNA SOUTH 48 $891,000 $985,000 $1,071,000 $866,000 13.7% 3.5%

WARBURTON* 26 $360,000 $416,800 $440,000 $392,000 6.3% 11.8%

WARRANDYTE* 21 $885,000 $1,120,000 $1,693,500 $1,435,000 -22.0% 4.0%

WARRANWOOD* 15 $840,000 $907,500 $978,000 $894,950 1.4% 11.4%

WATERWAYS* 7 $1,045,000 $1,135,500 $1,475,000 - - 23.4%

WATSONIA* 18 $648,000 $675,000 $725,000 $721,000 -6.4% 6.2%

WATSONIA NORTH* 10 $630,000 $674,000 $740,000 $720,000 -6.4% 11.0%

WERRIBEE 92 $380,000 $415,000 $525,000 $390,000 6.4% 21.9%

WEST FOOTSCRAY 36 $798,000 $891,000 $991,000 $865,000 3.0% 12.2%

WESTMEADOWS* 16 $390,000 $470,000 $560,000 $522,500 -10.0% 18.9%

WHEELERS HILL 56 $999,194 $1,083,500 $1,297,500 $1,069,400 1.3% 10.3%

WHITTLESEA* 20 $455,000 $500,000 $645,000 $442,000 13.1% 10.3%

WILLIAMS LANDING* 11 $560,000 $600,000 $648,000 $661,000 -9.2% 11.6%

WILLIAMSTOWN 55 $1,085,000 $1,297,500 $1,560,000 $1,330,000 -2.4% 11.4%

WINDSOR* 15 $1,337,500 $1,500,000 $1,643,500 $1,410,000 6.4% 30.3%

WOLLERT 38 $457,500 $493,200 $585,000 $485,000 1.7% 11.5%

WONGA PARK* 17 $1,020,500 $1,425,000 $2,047,500 $1,310,000 8.8% 56.3%

WOORI YALLOCK* 9 $431,500 $640,500 $780,197 - - 11.3%

WYNDHAM VALE 79 $361,000 $415,000 $460,000 $390,000 6.4% 11.7%

YALLAMBIE* 18 $715,000 $800,000 $845,000 $720,000 11.1% 7.0%

YARRA JUNCTION* 15 $385,000 $422,500 $460,000 $380,000 11.2% -0.6%

YARRAMBAT* 7 $1,100,000 $1,400,000 $1,500,000 - - 13.3%

YARRAVILLE 52 $890,000 $1,035,000 $1,401,000 $925,500 11.8% 9.9%






BANYULE 516 $709,000 845,000 1,060,000 785,000 7.6% 12.7%

BAYSIDE 383 $1,215,000 1,610,000 2,310,000 1,635,000 -1.5% 6.8%

BOROONDARA 484 $1,650,000 2,020,000 2,620,000 1,864,000 8.4% 6.3%

BRIMBANK 560 $513,000 600,000 694,000 546,000 9.9% 22.4%

CARDINIA 325 $385,000 450,000 549,500 452,000 -0.4% 11.1%

CASEY 505 $443,000 515,500 613,000 469,000 9.9% 13.0%

DAREBIN 365 $753,000 900,000 1,202,750 875,000 2.9% 11.1%

FRANKSTON 480 $495,250 601,500 760,000 560,000 7.4% 20.3%

GLEN EIRA 358 $1,170,000 1,403,000 1,770,000 1,354,000 3.6% 7.9%

GREATER DANDENONG 250 $600,000 670,000 746,000 615,000 8.9% 16.5%

HOBSONS BAY 230 $750,000 945,000 1,200,000 817,500 15.6% 22.6%

HUME 437 $401,000 471,000 570,000 450,000 4.7% 9.5%

KINGSTON 358 $771,000 900,000 1,115,000 883,250 1.9% 12.4%

KNOX 389 $671,000 771,000 891,350 730,000 5.6% 8.6%

MANNINGHAM 360 $1,100,000 1,290,000 1,495,000 1,202,190 7.3% 10.3%

MARIBYRNONG 220 $800,000 925,000 1,100,000 865,000 6.9% 18.6%

MAROONDAH 464 $680,000 811,500 940,000 738,000 10.0% 11.9%

MELBOURNE 79 $1,173,000 1,350,000 2,325,000 1,291,000 4.6% 4.9%

MELTON 334 $330,000 447,500 585,000 449,000 -0.3% 6.5%

MONASH 501 $1,005,000 1,220,000 1,415,000 1,120,000 8.9% 14.8%

MOONEE VALLEY 293 $900,000 1,152,500 1,430,000 980,200 17.6% 25.5%

MORELAND 465 $693,000 840,000 1,075,500 810,000 3.7% 13.5%

MORNINGTON PENINSULA 709 $552,000 743,500 1,087,500 655,000 13.5% 14.4%

NILLUMBIK 177 $680,000 788,000 1,000,000 797,500 -1.2% 8.7%

PORT PHILLIP 191 $1,354,000 1,750,000 2,350,000 1,570,000 11.5% 19.0%

STONNINGTON 280 $1,626,000 2,100,000 3,025,000 1,932,500 8.7% 17.6%

WHITEHORSE 523 $1,005,000 1,200,000 1,438,888 1,071,000 12.0% 15.6%

WHITTLESEA 596 $472,000 550,000 620,000 510,000 7.8% 16.3%

WYNDHAM 605 $410,000 475,800 560,000 446,000 6.7% 13.3%

YARRA 190 $1,140,000 1,315,000 1,655,000 1,270,000 3.5% 8.7%

YARRA RANGES 538 $508,500 620,000 745,000 572,500 8.3% 14.8%


Median house prices by municipality, metropolitan Melbourne

*Indicates that less than 30 sales were recorded during the quarter Year on Year change is based on rolling annual figures



Suburbs

Municipalities

BAYSIDE $901,500 CARDINIA $334,950 PORT PHILLIP 480

MONASH $782,000 MELTON $338,000 MELBOURNE 479

GLEN EIRA $746,000 HUME $340,000 GLEN EIRA 346

MANNINGHAM $746,000 WYNDHAM $342,500 MORELAND 341

WHITEHORSE $724,250 WHITTLESEA $351,500 STONNINGTON 302

BOROONDARA $702,500 CASEY $355,000 BOROONDARA 292

STONNINGTON $650,000 FRANKSTON $365,000 DAREBIN 284

YARRA $640,000 BRIMBANK $407,500 KINGSTON 279

KINGSTON $630,000 GREATER DANDENONG $429,000 MOONEE VALLEY 257

HOBSONS BAY $626,500 MARIBYRNONG $485,250 BAYSIDE 235

Overall

Lower Quartile $370,000 1.0% $366,500 2.5%

Upper Quartile $656,500 3.8% $632,500 4.0%

85th Percentile $784,000 2.8% $763,000 4.8%

95th Percentile $1,205,000 2.2% $1,179,500 4.4%

UNIT & APARTMENT PRICES DEC-16 QUARTER % CHG TO LAST QTR SEP-16 QUARTER ANNUAL



TOORAK $1,072,500 PAKENHAM $330,000 MELBOURNE 202

BRIGHTON $1,005,000 BUNDOORA $330,000 ST KILDA 138

BALWYN $942,500 DANDENONG $343,000 RESERVOIR 116

BENTLEIGH EAST $925,500 FRANKSTON $360,000 SOUTH YARRA 113

MOUNT WAVERLEY $902,500 ST ALBANS $379,000 RICHMOND 89

GLEN WAVERLEY $901,000 CARLTON $419,000 HAWTHORN 83

HAMPTON $896,000 BRUNSWICK WEST $420,000 SOUTHBANK 79

SANDRINGHAM $880,000 NOBLE PARK $424,000 ELWOOD 79

BLACKBURN $820,000 SEAFORD $430,000 PORT MELBOURNE 79

DONCASTER EAST $810,250 PRESTON $445,000 FRANKSTON 77

*Only suburbs with a minimum of 25 sales recorded are included Turnover figures are current as of publication date

*Only municipalities with a minimum of 30 sales recorded are included Turnover figures are current as of publication date

Melbourne unit prices (Original)



Median Unit & Apartment Prices by Suburb

ABBOTSFORD* 20 $376,250 $477,500 $700,000 $490,000 -2.6% -28.9%

ABERFELDIE* 10 $660,000 $688,500 $795,000 - - 11.2%

AIRPORT WEST* 15 $515,000 $718,500 $805,000 $532,500 34.9% 7.9%

ALPHINGTON* 9 $525,250 $580,000 $877,500 $650,000 -10.8% 3.0%

ALTONA 31 $405,000 $546,250 $657,500 $622,500 -12.2% 4.2%

ALTONA NORTH* 14 $550,000 $647,000 $695,000 $630,000 2.7% 8.1%

ARMADALE 35 $592,500 $704,000 $1,205,000 $555,500 26.7% -3.1%

ASCOT VALE* 23 $440,000 $504,000 $685,000 $455,000 10.8% -3.5%

ASHBURTON* 9 $900,000 $1,295,000 $1,710,000 - - 21.5%

ASHWOOD* 16 $610,000 $714,000 $955,000 $780,000 -8.5% 16.8%

ASPENDALE* 7 $685,000 $845,000 $1,157,000 $715,000 18.2% 7.6%

BALACLAVA* 23 $472,000 $623,000 $745,000 $538,750 15.6% 14.9%

BALWYN 27 $662,500 $942,500 $1,205,000 $1,053,000 -10.5% -2.9%

BALWYN NORTH* 15 $705,000 $916,500 $1,137,000 $1,232,500 -25.6% -13.9%

BAYSWATER* 20 $415,000 $430,000 $510,000 $515,500 -16.6% 4.5%

BEAUMARIS* 14 $870,000 $1,150,000 $1,550,000 $990,750 16.1% 0.9%

BENTLEIGH 44 $502,500 $744,250 $1,156,250 $760,000 -2.1% -4.6%

BENTLEIGH EAST 61 $713,000 $925,500 $1,177,500 $975,000 -5.1% -1.5%

BLACK ROCK* 20 $850,000 $940,000 $1,185,000 - - 10.4%

BLACKBURN 30 $620,000 $820,000 $980,000 $729,500 12.4% 9.5%

BLACKBURN NORTH* 9 $715,000 $778,000 $805,000 $772,000 0.8% 6.6%

BLACKBURN SOUTH* 11 $550,000 $850,000 $915,000 $682,500 24.5% 0.0%

BONBEACH 25 $510,000 $592,000 $675,000 $511,500 15.7% 12.7%

BORONIA 29 $450,000 $485,000 $570,000 $495,000 -2.0% 7.8%

BOX HILL* 21 $425,000 $485,000 $750,000 $530,800 -8.6% -1.1%

BOX HILL NORTH* 16 $657,000 $779,000 $922,000 $671,000 16.1% -16.6%

BOX HILL SOUTH* 12 $698,500 $801,000 $854,500 $758,500 5.6% -0.9%

BRAYBROOK* 17 $416,000 $465,000 $565,000 $530,000 -12.3% -4.6%

BRIGHTON 58 $672,000 $1,005,000 $1,585,000 $988,350 1.7% 2.7%

BRIGHTON EAST* 24 $905,000 $1,185,000 $1,450,000 $1,250,000 -5.2% -2.3%

BROADMEADOWS* 17 $320,000 $335,000 $369,000 $305,000 9.8% -0.4%

BRUNSWICK 53 $385,000 $505,000 $625,000 $599,500 -15.8% 6.0%

BRUNSWICK EAST 28 $435,000 $638,000 $839,000 $505,000 26.3% -3.1%

BRUNSWICK WEST 41 $372,500 $420,000 $552,500 $378,750 10.9% 1.8%

BULLEEN* 9 $801,250 $893,000 $1,158,000 $930,000 -4.0% 5.1%

BUNDOORA 31 $250,000 $330,000 $388,000 $345,000 -4.3% -9.7%

BURWOOD* 22 $600,000 $802,000 $920,600 $841,000 -4.6% 4.0%

CAMBERWELL 32 $550,000 $785,000 $1,190,000 $796,500 -1.4% -5.1%

CANTERBURY* 7 $722,000 $815,000 $1,680,000 $1,016,000 -19.8% 5.8%

CAPEL SOUND* 8 $385,000 $437,500 $556,845 - - 12.4%

CARLTON 34 $270,000 $419,000 $655,000 $355,000 18.0% 12.6%

CARNEGIE 52 $347,500 $515,975 $800,000 $497,000 3.8% 2.1%

CAROLINE SPRINGS* 14 $395,000 $400,000 $435,000 $385,000 3.9% 3.5%

CARRUM* 21 $486,000 $564,000 $628,000 $560,500 0.6% 8.7%

CARRUM DOWNS* 12 $325,000 $340,000 $367,500 $346,000 -1.7% 6.5%

CAULFIELD* 10 $710,000 $852,500 $1,411,250 $710,000 20.1% -19.6%

CAULFIELD NORTH 32 $530,500 $585,000 $1,050,000 $568,000 3.0% -4.2%

CAULFIELD SOUTH* 17 $599,000 $997,500 $1,301,000 $760,000 31.3% 30.1%

CHADSTONE* 20 $780,000 $820,000 $865,000 $811,144 1.1% 13.1%

CHELSEA 26 $449,000 $603,000 $782,500 $480,500 25.5% 3.9%

CHELTENHAM 43 $560,000 $647,000 $910,000 $599,999 7.8% 2.4%

CLAYTON 35 $405,000 $538,000 $685,000 $610,500 -11.9% -1.8%

CLAYTON SOUTH* 14 $390,000 $635,000 $673,000 $552,500 14.9% -8.5%

CLIFTON HILL* 13 $527,000 $750,000 $930,000 $590,000 27.1% -15.7%

COBURG 40 $393,750 $572,500 $698,500 $575,000 -0.4% 12.6%

COBURG NORTH* 14 $506,000 $523,000 $591,000 $605,000 -13.6% 17.4%

COLLINGWOOD* 17 $417,000 $615,000 $655,000 $677,500 -9.2% 8.2%

CRAIGIEBURN* 14 $312,500 $320,000 $350,000 $320,000 0.0% 3.2%







CRANBOURNE* 8 $280,000 $300,000 $306,000 $287,500 4.3% -4.0%

CROYDON 54 $410,000 $498,000 $630,000 $493,056 1.0% 10.9%

CROYDON NORTH* 11 $500,000 $565,000 $650,000 $550,000 2.7% 5.5%

DANDENONG 35 $310,000 $343,000 $373,500 $330,000 3.9% 8.2%

DANDENONG NORTH* 8 $442,000 $475,000 $520,000 $456,500 4.1% 0.4%

DEER PARK* 7 $340,000 $356,250 $405,000 $330,000 8.0% 7.7%

DOCKLANDS 62 $500,500 $630,000 $870,000 $595,000 5.9% 1.7%

DONCASTER 38 $508,000 $717,500 $786,000 $660,000 8.7% 9.1%

DONCASTER EAST 41 $630,751 $810,250 $1,050,000 $794,500 2.0% 0.3%

DONVALE* 8 $731,500 $769,750 $841,500 $815,000 -5.6% -8.3%

DROMANA* 7 $435,000 $558,250 $670,000 - - -7.8%

EAST MELBOURNE* 19 $510,000 $841,000 $1,160,000 $752,500 11.8% 9.0%

EDITHVALE* 17 $645,000 $742,500 $836,000 $601,000 23.5% 6.3%

ELSTERNWICK* 22 $565,500 $700,000 $1,080,000 $900,000 -22.2% 14.7%

ELTHAM* 15 $545,000 $610,000 $725,000 $560,000 8.9% 7.1%

ELWOOD 79 $487,500 $591,000 $780,000 $660,500 -10.5% 6.7%

EPPING* 10 $295,000 $355,500 $379,000 $355,000 0.1% 9.2%

ESSENDON 65 $411,000 $515,000 $660,000 $552,000 -6.7% 2.7%

FAIRFIELD* 12 $459,500 $602,000 $730,000 $665,500 -9.5% 33.3%

FAWKNER* 13 $360,000 $428,000 $485,000 $449,500 -4.8% 15.4%

FERNTREE GULLY* 14 $450,000 $540,000 $560,000 $530,000 1.9% 16.3%

FITZROY* 22 $465,000 $691,000 $1,210,000 $715,000 -3.4% 7.4%

FITZROY NORTH* 18 $598,000 $655,000 $1,015,000 $655,000 0.0% -5.0%

FLEMINGTON* 19 $305,000 $433,500 $761,000 $490,500 -11.6% -3.5%

FOOTSCRAY 51 $370,000 $455,000 $670,000 $359,000 26.7% 11.8%

FOREST HILL* 11 $646,000 $690,750 $744,000 $768,500 -10.1% 5.3%

FRANKSTON 77 $300,000 $360,000 $410,250 $347,500 3.6% 11.9%

GLEN HUNTLY 30 $490,000 $605,000 $775,125 $470,000 28.7% 7.0%

GLEN IRIS 46 $470,000 $680,000 $1,220,000 $550,000 23.6% 7.7%

GLEN WAVERLEY 35 $645,000 $901,000 $1,156,000 $820,000 9.9% -5.4%

GLENROY 62 $413,500 $460,000 $526,000 $471,000 -2.3% 6.9%

GREENSBOROUGH 36 $459,500 $600,000 $685,500 $505,000 18.8% 13.7%

HADFIELD* 18 $455,000 $565,000 $622,500 $500,000 13.0% 32.0%

HAMPTON 31 $700,000 $896,000 $1,530,000 $797,500 12.4% 8.9%

HAMPTON EAST* 20 $637,750 $905,000 $1,205,250 $1,062,500 -14.8% 9.5%

HAWTHORN 83 $425,000 $550,000 $708,000 $560,000 -1.8% -1.0%

HAWTHORN EAST 44 $455,000 $594,375 $865,000 $730,000 -18.6% 12.5%

HEIDELBERG* 10 $435,000 $546,500 $620,000 $670,000 -18.4% -2.1%

HEIDELBERG HEIGHTS* 14 $412,500 $557,500 $699,750 $517,000 7.8% 12.9%

HEIDELBERG WEST* 9 $477,500 $505,000 $625,000 - - 6.3%

HIGHETT 32 $618,750 $733,500 $1,045,000 $691,500 6.1% 0.4%

HILLSIDE* 8 $386,000 $405,000 $415,000 $346,000 17.1% 9.6%

HOPPERS CROSSING* 12 $291,000 $316,000 $345,000 $309,000 2.3% 6.9%

HUGHESDALE* 10 $441,300 $535,000 $717,500 $754,500 -29.1% -1.5%

IVANHOE 33 $460,000 $632,000 $826,000 $690,000 -8.4% 2.6%

KEILOR EAST* 21 $471,500 $690,000 $815,000 $594,500 16.1% 15.6%

KENSINGTON 35 $425,000 $551,000 $723,500 $455,000 21.1% -5.7%

KEW 43 $585,000 $730,000 $900,000 $672,000 8.6% 3.7%

KILSYTH* 13 $465,000 $500,000 $630,000 $467,500 7.0% 18.3%

KINGSBURY* 8 $460,000 $482,500 $550,000 $407,500 18.4% 20.1%

KINGSVILLE* 11 $388,500 $440,000 $568,250 $352,000 25.0% 7.8%

LALOR* 17 $367,000 $383,750 $416,750 $425,000 -9.7% 15.6%

LANGWARRIN* 9 $350,000 $357,000 $370,000 $348,500 2.4% 12.9%

LAVERTON* 7 $390,000 $410,000 $487,000 $415,000 -1.2% -2.7%

LILYDALE* 10 $467,250 $482,500 $500,500 $460,225 4.8% 19.6%

LOWER PLENTY* 12 $429,000 $520,000 $735,000 $690,000 -24.6% 26.1%

MACLEOD* 9 $520,000 $580,000 $680,000 $582,000 -0.3% -7.0%

MAIDSTONE 25 $375,000 $550,000 $685,000 $502,500 9.5% -2.3%





SUBURB SALES LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL DEC-2016 QUARTILE DEC-2016 QUARTILE SEP-2016 CHANGE CHANGE MALVERN 26 $603,000 $651,250 $937,500 $640,000 1.8% 1.4%

MALVERN EAST 34 $443,500 $590,750 $972,500 $775,000 -23.8% -1.4%

MARIBYRNONG 44 $365,000 $495,000 $660,000 $459,000 7.8% 4.7%

MCKINNON* 19 $651,000 $780,000 $1,085,000 $612,500 27.3% -29.9%

MELBOURNE 202 $370,000 $475,000 $635,000 $479,000 -0.8% -3.9%

MENTONE 46 $493,000 $661,500 $797,500 $636,000 4.0% 19.3%

MERNDA* 7 $305,500 $353,000 $408,000 - - -3.1%

MIDDLE PARK* 8 $605,000 $712,500 $975,000 - - 16.0%

MILL PARK* 8 $376,000 $426,250 $450,000 - - 14.0%

MITCHAM 33 $509,750 $650,000 $758,750 $642,000 1.2% -6.1%

MONT ALBERT* 16 $665,000 $763,500 $1,150,000 $734,500 3.9% 19.0%

MONTMORENCY* 19 $560,000 $742,500 $856,000 $592,500 25.3% 10.4%

MOONEE PONDS* 23 $369,000 $466,500 $624,500 $500,500 -6.8% 0.2%

MOORABBIN* 16 $605,000 $658,250 $776,000 $710,000 -7.3% 2.6%

MOOROOLBARK* 10 $490,000 $512,000 $612,000 $525,000 -2.5% 10.9%

MORDIALLOC 27 $458,500 $605,250 $706,000 $690,500 -12.3% 15.6%

MORNINGTON 42 $540,000 $735,000 $995,000 $602,000 22.1% 29.8%

MOUNT WAVERLEY 42 $825,000 $902,500 $1,121,600 $945,000 -4.5% 13.1%

MULGRAVE* 10 $623,500 $640,000 $727,000 $631,000 1.4% -0.4%

MURRUMBEENA* 22 $405,000 $525,000 $825,000 $572,250 -8.3% 20.8%

NEWPORT* 21 $725,000 $765,000 $798,500 $826,000 -7.4% 10.8%

NIDDRIE* 16 $647,000 $746,000 $880,000 $780,000 -4.4% 12.4%

NOBLE PARK 46 $387,500 $424,000 $495,000 $400,000 6.0% 13.0%

NORTH MELBOURNE 49 $445,000 $550,000 $665,500 $496,000 10.9% 7.6%

NORTHCOTE 40 $565,000 $725,000 $880,000 $615,000 17.9% 12.2%

NUNAWADING* 20 $646,750 $715,500 $790,000 $690,000 3.7% 10.6%

OAK PARK* 16 $465,000 $518,000 $647,000 $600,000 -13.7% 2.3%

OAKLEIGH* 14 $600,000 $740,313 $885,000 $580,000 27.6% 0.5%

OAKLEIGH EAST* 16 $770,000 $795,000 $880,000 $715,000 11.2% 3.5%

OAKLEIGH SOUTH* 12 $383,000 $655,000 $805,000 $737,000 -11.1% 2.5%

ORMOND* 19 $461,000 $666,250 $1,123,000 $562,000 18.5% 19.3%

PAKENHAM 25 $275,000 $330,000 $422,500 $295,000 11.9% 13.2%

PARKDALE 26 $506,000 $650,000 $951,000 $660,000 -1.5% 8.5%

PARKVILLE* 14 $350,000 $448,000 $1,360,000 $560,000 -20.0% 2.2%

PASCOE VALE 41 $455,000 $510,000 $600,000 $510,000 0.0% 4.2%

PATTERSON LAKES* 10 $395,000 $420,000 $545,000 $517,500 -18.8% 10.1%

POINT COOK* 8 $359,000 $400,000 $412,000 - - 9.2%

PORT MELBOURNE 79 $532,000 $747,500 $1,379,000 $670,000 11.6% 9.0%

PRAHRAN 40 $428,000 $523,500 $595,000 $600,000 -12.8% -6.5%

PRESTON 48 $379,500 $445,000 $585,000 $496,000 -10.3% 2.8%

RESERVOIR 116 $385,000 $460,000 $541,000 $436,250 5.4% 10.0%

RICHMOND 89 $401,500 $646,000 $952,500 $520,000 24.2% 3.4%

RINGWOOD 48 $463,900 $530,125 $627,550 $535,000 -0.9% 13.6%

RINGWOOD EAST* 24 $465,500 $495,000 $625,000 $497,500 -0.5% 2.9%

ROSANNA* 13 $600,000 $695,000 $760,000 $670,000 3.7% 12.0%

ROSEBUD* 16 $470,000 $479,000 $520,000 $382,500 25.2% 26.1%

ROWVILLE* 11 $380,000 $652,500 $735,000 $568,000 14.9% 24.3%

SAFETY BEACH* 8 $463,500 $610,000 $725,000 $420,000 45.2% -18.8%

SANDRINGHAM 26 $735,000 $880,000 $1,337,000 $886,250 -0.7% 10.3%

SEAFORD 33 $355,000 $430,000 $501,500 $449,500 -4.3% -1.6%

SEDDON* 9 $462,000 $587,500 $740,000 $595,000 -1.3% -2.5%

SOUTH MELBOURNE 27 $430,000 $587,500 $695,000 $593,000 -0.9% -7.7%

SOUTH MORANG* 12 $312,000 $390,000 $460,000 $342,500 13.9% -3.0%

SOUTH YARRA 113 $420,000 $606,000 $865,000 $540,000 12.2% 0.4%

SOUTHBANK 79 $462,000 $560,000 $665,000 $600,000 -6.7% 4.6%

SPRINGVALE* 11 $440,000 $460,000 $612,000 $475,000 -3.2% 9.3%

SPRINGVALE SOUTH* 11 $402,500 $552,500 $581,250 - - 9.2%

ST ALBANS 36 $324,500 $379,000 $415,000 $369,000 2.7% 12.9%




BANYULE 183 $460,000 $600,000 $751,950 $600,000 0.0% 2.9%

BAYSIDE 235 $653,000 $901,500 $1,255,000 $912,750 -1.2% 7.4%

BOROONDARA 292 $525,000 $702,500 $1,000,000 $706,000 -0.5% 2.0%

BRIMBANK 130 $340,000 $407,500 $485,500 $360,000 13.2% 1.4%

CARDINIA* 29 $280,000 $334,950 $391,250 $300,000 11.7% 9.5%

CASEY 43 $303,000 $355,000 $417,500 $360,000 -1.4% 7.5%

DAREBIN 284 $401,000 $491,000 $606,500 $462,500 6.2% 3.9%

FRANKSTON 144 $325,000 $365,000 $440,000 $362,000 0.8% -0.8%

GLEN EIRA 346 $525,000 $746,000 $1,031,000 $692,500 7.7% 6.5%

GREATER DANDENONG 117 $371,253 $429,000 $506,250 $392,000 9.4% 8.1%

HOBSONS BAY 112 $447,000 $626,500 $770,000 $607,500 3.1% 7.3%

HUME 64 $317,000 $340,000 $405,000 $341,000 -0.3% 3.3%

KINGSTON 279 $506,000 $630,000 $787,000 $600,000 5.0% 8.0%

KNOX 88 $428,500 $530,000 $604,000 $535,000 -0.9% 11.5%

MANNINGHAM 134 $620,000 $746,000 $892,000 $805,000 -7.3% 8.5%

MARIBYRNONG 190 $365,000 $485,250 $646,500 $480,000 1.1% 6.7%

MAROONDAH 176 $465,000 $533,000 $645,000 $511,000 4.3% 4.8%

MELBOURNE 479 $425,000 $576,500 $750,000 $529,000 9.0% -0.2%

MELTON 38 $229,000 $338,000 $400,000 $337,500 0.1% 23.2%

MONASH 217 $610,000 $782,000 $901,000 $730,000 7.1% 2.1%

MOONEE VALLEY 257 $435,000 $565,000 $745,000 $521,750 8.3% 0.3%

MORELAND 341 $412,000 $500,000 $627,000 $510,000 -2.0% 10.3%

MORNINGTON PENINSULA 104 $449,313 $545,000 $770,000 $470,000 16.0% 0.0%

NILLUMBIK* 26 $520,000 $610,000 $680,000 $547,500 11.4% 0.0%

PORT PHILLIP 480 $447,000 $570,000 $745,000 $585,000 -2.6% -1.7%

STONNINGTON 302 $475,000 $650,000 $1,150,000 $600,000 8.3% -3.2%

WHITEHORSE 233 $581,000 $724,250 $870,000 $702,000 3.2% 4.5%

WHITTLESEA 89 $290,000 $351,500 $416,750 $368,500 -4.6% 6.5%

WYNDHAM 58 $310,000 $342,500 $412,000 $310,550 10.3% -1.1%

YARRA 175 $412,500 $640,000 $922,500 $593,350 7.9% -1.1%

YARRA RANGES 37 $465,000 $506,000 $575,000 $453,000 11.7% 6.6%

Median Unit & Apartment Prices by MunicipalitySUBURB SALES LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL

DEC-2016 QUARTILE DEC-2016 QUARTILE SEP-2016 CHANGE CHANGE


Median Unit & Apartment Prices by SuburbSUBURB SALES LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL

DEC-2016 QUARTILE DEC-2016 QUARTILE SEP-2016 CHANGE CHANGE ST KILDA 138 $422,750 $540,000 $692,500 $465,500 16.0% 7.3%

ST KILDA EAST 52 $447,000 $527,500 $650,000 $545,000 -3.2% -2.3%

ST KILDA WEST* 19 $370,000 $750,000 $870,000 $628,625 19.3% 6.4%

STRATHMORE* 8 $627,500 $765,000 $810,000 - - -3.8%

SUNSHINE* 11 $425,500 $480,000 $600,000 $390,000 23.1% 28.2%

SURREY HILLS 28 $627,500 $765,000 $1,327,750 $805,000 -5.0% 1.7%

SYDENHAM* 12 $322,500 $342,500 $382,500 $337,750 1.4% 11.8%

TEMPLESTOWE* 22 $700,000 $824,500 $930,000 $982,500 -16.1% 10.7%

TEMPLESTOWE LOWER* 16 $602,000 $650,000 $669,500 $888,500 -26.8% -1.4%

THOMASTOWN* 12 $256,000 $270,000 $348,000 $305,000 -11.5% 0.6%

THORNBURY 43 $383,000 $512,500 $630,000 $469,250 9.2% 3.5%

TOORAK 64 $620,500 $1,072,500 $2,025,000 $1,327,500 -19.2% 17.7%

TRAVANCORE* 14 $325,000 $350,000 $445,000 $337,000 3.9% 2.9%

TULLAMARINE* 9 $340,000 $418,000 $420,250 $412,000 1.5% 9.5%

VERMONT* 17 $610,500 $700,250 $825,750 $770,000 -9.1% 3.3%

VIEWBANK* 7 $546,000 $556,000 $810,000 - - -2.4%

WERRIBEE* 24 $290,000 $322,750 $430,000 $306,500 5.3% 14.8%

WEST FOOTSCRAY* 16 $300,000 $353,500 $450,000 $500,750 -29.4% -0.3%

WEST MELBOURNE* 16 $615,000 $659,500 $1,030,000 $482,000 36.8% -3.0%

WILLIAMSTOWN* 24 $507,500 $694,500 $980,000 $553,750 25.4% -6.7%

WINDSOR* 20 $422,000 $608,000 $830,000 $590,000 3.1% 5.8%

YARRAVILLE* 17 $460,000 $570,500 $780,000 $596,500 -4.4% -9.9%




Regional Victoria House Prices (Original)Median house prices by municipality and suburb

* Indicates that less than 50 sales were recorded during the 12 month period

Regional median prices are for 12 months ending the quarter

ALPINE $290,000 $340,000 $460,100 $379,500 -10.4% -1.4%

BRIGHT* $300,000 $378,750 $475,000 $390,000 -2.9% -2.9%

MYRTLEFORD $184,000 $255,000 $370,000 $254,000 0.4% 1.8%

POREPUNKAH* $290,000 $315,000 $340,000 $320,000 -1.6% -17.1%

ARARAT* $174,500 $220,000 $308,750 $238,750 -7.9% -20.0%

ARARAT* $220,000 $245,000 $315,000 $267,500 -8.4% 8.9%

CITY OF BALLARAT $255,000 $320,000 $405,000 $320,000 0.0% 0.0%

ALFREDTON $323,000 $382,500 $459,500 $370,000 3.4% 1.5%

BALLARAT CENTRAL $260,000 $341,000 $447,000 $345,000 -1.2% -1.7%

BALLARAT EAST $235,000 $277,000 $345,500 $290,000 -4.5% -4.5%

BALLARAT NORTH $302,500 $365,000 $448,500 $350,000 4.3% 15.9%

BLACK HILL* $245,000 $260,000 $340,000 $268,750 -3.3% -16.3%

BROWN HILL* $283,000 $360,000 $515,000 $355,000 1.4% 7.5%

BUNINYONG $351,000 $430,000 $530,000 $417,500 3.0% 5.5%

CANADIAN* $305,000 $345,000 $370,000 $362,250 -4.8% -2.0%

CARDIGAN* $510,000 $607,500 $935,000 $607,500 0.0% -

CARDIGAN VILLAGE* $440,000 $470,000 $475,000 $461,000 2.0% 2.8%

DELACOMBE $291,000 $334,000 $370,000 $327,000 2.1% 4.4%

GOLDEN POINT* $240,000 $300,000 $345,000 $295,000 1.7% 14.3%

INVERMAY PARK* $330,000 $385,400 $398,500 $375,000 2.8% -15.3%

LAKE GARDENS* $425,000 $490,000 $587,000 $490,000 0.0% 3.2%

LAKE WENDOUREE $525,000 $660,000 $845,000 $657,500 0.4% -11.1%

MINERS REST $315,000 $332,500 $376,000 $327,500 1.5% -2.2%

MOUNT CLEAR $275,000 $312,500 $365,000 $315,000 -0.8% -4.6%

MOUNT HELEN $322,000 $355,000 $449,000 $385,000 -7.8% -6.3%

MOUNT PLEASANT* $225,000 $263,750 $325,000 $270,000 -2.3% -13.5%

NERRINA* $300,000 $459,500 $630,000 $475,000 -3.3% -12.1%

NEWINGTON* $320,000 $347,500 $458,500 $342,500 1.5% 2.2%

REDAN $215,000 $240,000 $300,000 $245,000 -2.0% -8.7%

SEBASTOPOL $217,000 $250,000 $290,000 $247,750 0.9% 1.7%

SOLDIERS HILL $270,000 $322,375 $431,000 $342,500 -5.9% -0.8%

WENDOUREE $215,000 $242,000 $275,000 $248,000 -2.4% -3.2%

BASS COAST $260,000 $340,000 $447,500 $332,500 2.3% -0.6%

CAPE PATERSON* $280,000 $362,000 $442,000 $360,000 0.6% 3.4%

CAPE WOOLAMAI* $339,000 $419,000 $570,000 $395,750 5.9% 22.9%

CORONET BAY* $270,000 $325,000 $360,000 $320,000 1.6% -

COWES $323,000 $389,000 $462,500 $389,000 0.0% 5.1%

DALYSTON* $219,000 $257,500 $289,000 - - -

GRANTVILLE* $300,000 $485,000 $540,000 - - -

INVERLOCH $365,000 $481,250 $549,500 $455,000 5.8% 9.4%

KILCUNDA* $363,500 $490,250 $565,000 $390,000 25.7% -

SAN REMO* $476,250 $502,125 $710,000 $500,000 0.4% 19.8%

SILVERLEAVES* $410,000 $510,000 $530,000 - - 3.2%

SMITHS BEACH* $372,500 $425,050 $560,050 - - -

VENTNOR* $410,000 $743,000 $780,000 $743,000 0.0% -

WONTHAGGI $229,000 $272,750 $340,000 $259,500 5.1% 5.9%

BAW BAW $300,000 $365,000 $455,000 $337,000 8.3% 1.4%

DROUIN $310,000 $365,000 $430,000 $365,000 0.0% 8.5%

LONGWARRY* $311,500 $336,500 $365,000 $327,500 2.7% 10.3%

NEERIM SOUTH* $365,000 $400,000 $435,000 $415,000 -3.6% 28.6%

TOONGABBIE* $215,000 $377,500 $388,500 $377,500 0.0% -

MUNICIPALITY & SUBURB LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL QUARTILE DEC-2016 QUARTILE SEP-2016 CHANGE CHANGE


REIV Monthly Research Bulletin • February 2017 • Expanded Edition 132* Indicates that less than 50 sales were recorded during the 12 month period


Median house prices by municipality and suburbMUNICIPALITY & SUBURB LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL QUARTILE DEC-2016 QUARTILE SEP-2016 CHANGE CHANGETRAFALGAR* $303,000 $327,500 $385,000 $320,000 2.3% 7.4%

WARRAGUL $295,000 $375,000 $470,000 $367,500 2.0% 10.6%

YARRAGON* $227,500 $307,500 $380,000 $310,000 -0.8% -0.8%

BENALLA $180,500 $240,000 $307,500 $240,850 -0.4% 1.3%

BENALLA $181,000 $245,000 $315,000 $244,000 0.4% 1.0%

CAMPASPE $215,000 $274,500 $364,050 $285,000 -3.7% -1.3%

ECHUCA $257,500 $327,000 $405,000 $328,500 -0.5% 0.6%

KYABRAM $195,000 $235,000 $325,000 $240,000 -2.1% -2.1%

ROCHESTER* $191,500 $229,000 $264,000 $264,000 -13.3% -23.0%

TONGALA* $157,000 $190,000 $265,000 $177,500 7.0% -16.5%

CENTRAL GOLDFIELDS $170,000 $215,000 $280,000 $210,000 2.4% 2.4%

CARISBROOK* $142,500 $230,000 $295,000 $230,000 0.0% -

DUNOLLY* $160,000 $198,000 $216,000 $167,500 18.2% 8.5%

MARYBOROUGH $170,000 $220,000 $280,000 $217,500 1.1% 3.8%

COLAC-OTWAY $251,500 $390,000 $550,250 $360,000 8.3% 18.5%

APOLLO BAY* $455,000 $532,500 $615,000 $490,500 8.6% 15.8%

COLAC $190,000 $243,750 $300,000 $247,000 -1.3% -4.4%

ELLIMINYT* $276,250 $354,500 $446,250 $447,500 -20.8% -10.3%

MARENGO* $515,000 $622,000 $730,000 $599,000 3.8% -

WINCHELSEA* $227,500 $281,500 $421,000 $327,500 -14.0% -

CORANGAMITE* $148,000 $185,000 $225,000 $193,000 -4.1% -3.6%

EAST GIPPSLAND $225,000 $290,000 $385,000 $289,000 0.3% 0.3%

BAIRNSDALE $207,500 $252,000 $320,000 $250,000 0.8% 2.9%

BRUTHEN* $230,000 $250,000 $260,000 $225,000 11.1% -

EASTWOOD* $285,000 $322,000 $362,000 $335,000 -3.9% -1.7%

LAKES ENTRANCE* $280,000 $308,000 $460,000 $302,225 1.9% 10.0%

LUCKNOW* $210,000 $240,000 $259,000 $247,500 -3.0% -

METUNG* $355,000 $420,000 $425,000 $393,500 6.7% 12.0%

NEWLANDS ARM* $272,500 $315,000 $380,000 $335,000 -6.0% -

PAYNESVILLE* $263,000 $310,000 $460,000 $305,000 1.6% 10.7%

WY YUNG* $349,000 $373,500 $457,500 $377,000 -0.9% 9.9%

GANNAWARRA $112,500 $183,500 $240,000 $183,000 0.3% 1.9%

COHUNA* $110,000 $167,500 $220,000 $195,000 -14.1% -22.8%

KERANG* $91,000 $136,000 $172,500 $117,000 16.2% -

GLENELG $188,500 $330,000 $387,500 $297,500 10.9% 7.3%

PORTLAND* $191,250 $236,250 $323,750 $223,250 5.8% -4.3%

GOLDEN PLAINS $340,000 $395,000 $470,000 $370,000 6.8% 3.3%

BANNOCKBURN* $360,000 $395,000 $456,000 $381,000 3.7% 2.6%

ENFIELD* $305,000 $336,000 $362,000 $310,000 8.4% 19.6%

HADDON* $375,000 $435,000 $511,000 $430,000 1.2% 2.4%

LINTON* $202,500 $272,500 $338,000 $299,000 -8.9% 11.2%

SCARSDALE* $247,500 $295,000 $405,000 $270,000 9.3% 3.5%

SMYTHES CREEK* $470,000 $490,000 $545,000 $485,000 1.0% -6.7%

SMYTHESDALE* $295,000 $380,000 $455,000 $425,000 -10.6% 15.9%

CITY OF GREATER BENDIGO $267,000 $332,500 $408,000 $340,000 -2.2% -1.8%

ASCOT* $350,000 $370,000 $495,000 $396,000 -6.6% 0.8%

BENDIGO $295,000 $395,000 $530,000 $365,000 8.2% 5.8%

CALIFORNIA GULLY* $230,000 $245,000 $290,000 $245,000 0.0% -7.5%

EAGLEHAWK $253,500 $289,500 $338,500 $290,000 -0.2% 2.7%

EAST BENDIGO* $275,000 $300,000 $346,000 $313,750 -4.4% -18.9%

EPSOM $310,000 $345,000 $382,000 $340,000 1.5% 4.5%

FLORA HILL* $282,500 $325,000 $385,000 $327,010 -0.6% 0.0%

GOLDEN SQUARE $258,000 $323,000 $386,500 $329,500 -2.0% 1.7%

HEATHCOTE $220,000 $300,000 $365,000 $280,000 7.1% 5.3%

HUNTLY* $330,000 $345,000 $475,000 $337,500 2.2% 8.7%

IRONBARK* $188,000 $262,500 $565,000 $258,000 1.7% 4.9%

JUNORTOUN* $445,000 $540,000 $670,000 $576,250 -6.3% 5.9%

KANGAROO FLAT $252,500 $302,500 $345,000 $306,000 -1.1% -2.4%

KENNINGTON $270,000 $318,800 $385,000 $327,500 -2.7% -5.5%



Median house prices by municipality and suburb



LONG GULLY* $212,500 $237,500 $267,500 $231,500 2.6% -3.3%

MAIDEN GULLY* $400,000 $475,000 $550,000 $423,000 12.3% 12.4%

NORTH BENDIGO* $235,000 $290,625 $347,000 $295,500 -1.6% 0.2%

QUARRY HILL* $312,000 $450,000 $490,000 $482,500 -6.7% 19.9%

SPRING GULLY* $291,000 $340,000 $394,750 $340,000 0.0% -6.8%

STRATHDALE $329,000 $409,500 $506,000 $415,000 -1.3% 1.7%

STRATHFIELDSAYE $385,000 $435,000 $477,000 $435,000 0.0% 2.4%

WHITE HILLS* $262,000 $314,500 $377,500 $315,000 -0.2% 13.5%

CITY OF GREATER GEELONG $360,750 $450,000 $600,000 $425,000 5.9% 2.9%

ARMSTRONG CREEK* $390,000 $450,000 $505,000 $437,500 2.9% 2.4%

BARWON HEADS $735,000 $916,250 $1,085,000 $875,000 4.7% 13.4%

BELL PARK $310,000 $356,000 $385,000 $360,000 -1.1% 6.0%

BELL POST HILL $332,250 $375,500 $431,500 $355,000 5.8% 10.1%

BELMONT $365,000 $430,000 $515,000 $405,000 6.2% 4.6%

CLIFTON SPRINGS $320,000 $370,000 $450,000 $358,500 3.2% 7.6%

CORIO $225,000 $250,000 $282,500 $245,000 2.0% 6.3%

CURLEWIS* $390,000 $405,000 $410,000 $390,500 3.7% 4.2%

DRYSDALE $357,500 $422,500 $535,750 $425,000 -0.6% -6.9%

EAST GEELONG $445,000 $530,000 $620,000 $480,500 10.3% 23.3%

GEELONG $521,000 $680,000 $800,000 $668,000 1.8% 11.0%

GEELONG WEST $470,000 $552,000 $665,000 $525,000 5.1% 11.5%

GROVEDALE $360,000 $400,000 $435,000 $385,000 3.9% 6.4%

HAMLYN HEIGHTS $380,000 $427,250 $507,000 $395,000 8.2% 13.6%

HERNE HILL* $366,000 $400,000 $440,000 $390,000 2.6% 8.4%

HIGHTON $500,000 $565,000 $700,000 $550,000 2.7% 13.0%

INDENTED HEAD* $327,000 $418,000 $637,000 $395,000 5.8% 9.4%

LARA $355,000 $414,250 $479,000 $395,000 4.9% 9.7%

LEOPOLD $367,000 $420,000 $470,000 $410,000 2.4% 9.1%

LUCAS* $327,000 $352,000 $399,000 $352,000 0.0% -4.9%

MANIFOLD HEIGHTS* $461,600 $563,500 $740,000 $538,500 4.6% 9.1%

MARSHALL* $350,000 $390,000 $425,000 $379,000 2.9% 2.6%

NEWCOMB* $277,500 $311,250 $345,000 $304,000 2.4% 3.8%

NEWTOWN $565,800 $680,000 $805,000 $688,500 -1.2% 8.8%

NORLANE $210,000 $237,000 $266,000 $225,005 5.3% 7.7%

NORTH GEELONG* $305,000 $350,000 $406,000 $326,000 7.4% 10.4%

OCEAN GROVE $480,000 $573,000 $675,000 $550,000 4.2% 8.1%

POINT LONSDALE* $580,000 $600,000 $630,000 $601,000 -0.2% -6.5%

PORTARLINGTON $424,000 $490,000 $577,500 $480,000 2.1% 11.4%

SOUTH GEELONG* $493,000 $590,000 $612,000 $594,000 -0.7% 35.0%

ST ALBANS PARK* $285,000 $330,000 $350,000 $325,000 1.5% 4.4%

ST LEONARDS $365,000 $478,750 $575,000 $480,000 -0.3% 25.2%

WALLINGTON* $743,000 $760,000 $779,000 - - -21.6%

WANDANA HEIGHTS* $572,500 $655,000 $710,000 $638,000 2.7% 7.4%

WAURN PONDS $440,000 $510,000 $552,600 $484,000 5.4% 1.7%

WHITTINGTON* $246,000 $272,000 $320,000 $275,000 -1.1% -11.5%

GREATER SHEPPARTON $227,000 $275,000 $341,000 $265,000 3.8% 0.0%

KIALLA* $282,000 $360,000 $400,000 $341,000 5.6% -5.3%

MOOROOPNA* $170,000 $227,500 $306,250 $239,000 -4.8% -13.3%

SHEPPARTON $240,000 $270,500 $332,500 $275,000 -1.6% 8.2%

TATURA* $186,500 $235,000 $264,000 $224,500 4.7% -2.1%

HEPBURN $340,000 $425,000 $525,000 $385,000 10.4% 0.0%

CLUNES* $260,000 $327,500 $377,000 $302,500 8.3% 34.8%

CRESWICK* $253,000 $307,500 $360,000 $308,750 -0.4% 4.9%

DAYLESFORD $375,000 $480,000 $620,000 $481,000 -0.2% 6.7%

HEPBURN SPRINGS* $400,000 $470,000 $536,000 $475,000 -1.1% 8.7%

MALMSBURY* $347,500 $447,500 $527,500 $478,750 -6.5% -4.3%

TRENTHAM* $442,500 $502,500 $612,500 $465,000 8.1% -3.6%

HINDMARSH* $82,750 $97,750 $146,375 $113,500 -13.9% -15.0%

HORSHAM $206,000 $260,000 $340,500 $250,000 4.0% 2.0%




Median house prices by municipality and suburb

HORSHAM $206,000 $259,500 $330,000 $252,500 2.8% 7.6%

INDIGO $228,000 $295,000 $460,000 $340,000 -13.2% -7.2%

BEECHWORTH* $303,000 $314,250 $330,000 $330,000 -4.8% -11.2%

CHILTERN* $195,000 $226,500 $260,000 $225,000 0.7% 1.8%

RUTHERGLEN* $232,000 $265,000 $350,000 $265,000 0.0% -

CITY OF LA TROBE $165,000 $240,000 $323,000 $234,000 2.6% 0.4%

CHURCHILL $150,000 $195,000 $260,000 $195,000 0.0% 8.3%

HAZELWOOD NORTH* $380,000 $455,000 $568,000 $425,000 7.1% 3.4%

MOE $144,750 $169,000 $244,500 $169,000 0.0% -8.2%

MORWELL $124,200 $165,000 $217,000 $160,000 3.1% 10.0%

NEWBOROUGH $205,250 $234,500 $276,250 $239,000 -1.9% 2.4%

TRARALGON $230,000 $285,000 $374,000 $295,000 -3.4% -4.4%

YALLOURN NORTH* $130,000 $170,500 $257,000 $152,000 12.2% 20.9%

YINNAR* $172,000 $265,000 $350,000 $300,000 -11.7% -29.3%

LODDON* $147,000 $185,000 $190,000 - - 7.2%

MACEDON RANGES $460,000 $590,000 $770,000 $551,000 7.1% 4.4%

GISBORNE $550,000 $662,500 $795,000 $628,000 5.5% 13.5%

GISBORNE SOUTH* $845,000 $1,020,000 $1,185,000 $950,000 7.4% 6.8%

KYNETON $395,000 $483,250 $582,500 $473,250 2.1% 1.7%

LANCEFIELD* $370,000 $400,000 $668,000 $409,500 -2.3% -2.4%

MACEDON* $547,500 $626,750 $1,025,000 $720,000 -13.0% 5.3%

MOUNT MACEDON* $632,175 $830,000 $1,334,000 $802,500 3.4% 16.5%

NEW GISBORNE* $500,000 $590,000 $660,000 $535,000 10.3% 1.7%

RIDDELLS CREEK* $512,500 $611,250 $780,000 $560,000 9.2% 6.8%

ROMSEY* $412,500 $460,000 $602,500 $450,000 2.2% 4.5%

TYLDEN* $380,000 $417,500 $665,000 - - -

WOODEND $462,500 $590,000 $730,000 $585,000 0.9% -4.1%

MANSFIELD $220,000 $240,000 $314,000 $222,500 7.9% 0.0%

MILDURA $185,000 $255,000 $320,000 $249,000 2.4% 0.0%

CARDROSS* $132,500 $272,000 $320,000 - - -

IRYMPLE $215,111 $260,000 $328,000 $257,500 1.0% 1.0%

MERBEIN* $160,000 $180,000 $232,000 $185,000 -2.7% 0.0%

MILDURA $202,500 $260,000 $320,000 $260,000 0.0% 3.9%

NICHOLS POINT* $285,500 $396,500 $475,000 $460,500 -13.9% -6.4%

RED CLIFFS $145,000 $197,000 $301,000 $197,000 0.0% 3.7%

MITCHELL $305,000 $365,000 $455,000 $348,750 4.7% 1.4%

AVENEL* $145,000 $367,500 $590,000 - - -

BEVERIDGE* $420,000 $457,500 $530,000 $470,000 -2.7% -7.6%

BROADFORD* $275,000 $297,500 $345,000 $283,500 4.9% 12.3%

KILMORE $289,000 $358,025 $435,200 $356,500 0.4% 6.9%

SEYMOUR* $169,000 $265,000 $302,800 $262,750 0.9% 4.4%

WALLAN $325,000 $375,000 $430,000 $375,000 0.0% 4.0%

MOIRA $197,500 $305,000 $397,000 $270,000 13.0% 6.6%

NATHALIA* $138,000 $185,000 $250,000 $185,000 0.0% -8.6%

NUMURKAH* $195,000 $255,000 $378,000 $240,000 6.3% -0.5%

YARRAWONGA $280,000 $356,500 $465,000 $355,000 0.4% 9.0%

MOORABOOL $330,000 $402,500 $520,000 $395,000 1.9% 0.0%

BACCHUS MARSH* $316,250 $420,000 $500,000 $440,000 -4.5% 13.8%

BALLAN* $300,000 $403,250 $455,000 $427,500 -5.7% -2.1%

DARLEY* $340,000 $370,000 $495,000 $370,000 0.0% -6.3%

MOUNT ALEXANDER $349,000 $425,000 $535,000 $399,000 6.5% 2.4%

CAMPBELLS CREEK* $280,000 $432,500 $480,000 $420,000 3.0% 6.8%

CASTLEMAINE $350,000 $425,000 $560,000 $400,000 6.3% 11.8%

CHEWTON* $325,000 $423,500 $500,000 $407,000 4.1% -5.8%

HARCOURT* $335,000 $380,000 $550,000 $430,000 -11.6% -

MALDON* $315,000 $357,000 $435,000 $435,000 -17.9% 5.2%

NEWSTEAD* $349,000 $390,000 $400,000 $353,000 10.5% -0.5%

MOYNE $215,000 $272,000 $340,000 $292,500 -7.0% -9.3%

MURRINDINDI $258,500 $346,000 $475,000 $400,000 -13.5% -5.2%






Median house prices by municipality and suburbMUNICIPALITY & SUBURB LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL QUARTILE DEC-2016 QUARTILE SEP-2016 CHANGE CHANGEALEXANDRA* $235,000 $264,250 $315,000 $264,250 0.0% -11.9%

BUXTON* $306,000 $352,500 $420,000 $400,000 -11.9% -11.9%

EILDON* $160,000 $223,000 $280,000 $221,500 0.7% -

KINGLAKE* $320,000 $373,500 $463,000 $440,000 -15.1% -11.8%

MARYSVILLE* $335,000 $352,500 $370,000 $370,000 -4.7% -

NORTHERN GRAMPIANS $165,000 $222,500 $282,000 $186,000 19.6% 4.7%

HALLS GAP* $235,000 $263,500 $355,000 $318,500 -17.3% -

STAWELL $155,000 $215,000 $280,000 $192,000 12.0% 18.1%

PYRENEES $174,000 $225,000 $317,500 $221,000 1.8% -4.3%

AVOCA* $154,750 $179,250 $224,000 $195,000 -8.1% -6.9%

BEAUFORT* $170,000 $225,000 $277,000 $240,000 -6.3% -13.5%

SKIPTON* $167,000 $185,000 $192,000 $192,000 -3.6% -

SNAKE VALLEY* $225,000 $251,000 $325,000 $251,000 0.0% -

QUEENSCLIFFE $610,000 $675,000 $840,000 $715,000 -5.6% 0.2%

QUEENSCLIFF* $631,250 $752,500 $840,000 $705,000 6.7% 0.3%

SOUTH GIPPSLAND $230,000 $298,000 $408,750 $307,500 -3.1% 3.1%

FOSTER* $270,000 $270,000 $270,000 $270,000 0.0% -12.9%

KORUMBURRA* $225,000 $335,000 $432,500 $356,000 -5.9% 8.9%

NYORA* $436,000 $540,000 $612,500 $540,000 0.0% -

POOWONG* $225,000 $355,000 $455,000 $251,000 41.4% 5.2%

VENUS BAY* $220,000 $251,250 $295,500 $255,500 -1.7% 0.5%

SOUTHERN GRAMPIANS $153,000 $217,000 $315,000 $230,000 -5.7% 0.0%

COLERAINE* $90,000 $120,000 $140,000 $124,000 -3.2% -18.6%

HAMILTON $200,000 $263,750 $338,000 $241,500 9.2% 7.7%

STRATHBOGIE $215,000 $252,000 $382,500 $303,500 -17.0% -0.6%

NAGAMBIE* $195,000 $345,000 $410,000 $345,000 0.0% -5.5%

SURF COAST $582,500 $688,000 $795,750 $645,000 6.7% 1.0%

AIREYS INLET* $650,000 $675,000 $900,000 $675,000 0.0% -12.9%

ANGLESEA* $565,000 $670,000 $770,000 $685,000 -2.2% 6.3%

JAN JUC* $610,000 $710,000 $795,000 $641,000 10.8% 11.8%

LORNE* $660,000 $730,000 $910,000 $742,500 -1.7% -21.3%

TORQUAY $590,000 $695,000 $799,000 $690,000 0.7% 11.0%

SWAN HILL $175,000 $255,000 $306,000 $245,605 3.8% 0.0%

ROBINVALE* $175,000 $180,000 $6,000,000 $175,000 2.9% 4.0%

SWAN HILL* $209,500 $262,000 $307,000 $266,000 -1.5% -4.7%

TOWONG* $140,000 $239,850 $320,000 $220,000 9.0% 25.2%

WANGARATTA $272,000 $336,000 $380,000 $299,000 12.4% 8.7%

WANGARATTA $259,000 $327,000 $372,000 $300,000 9.0% 10.8%

WARRNAMBOOL $269,000 $318,000 $382,000 $361,125 -11.9% -3.8%

WARRNAMBOOL $265,000 $317,500 $385,000 $330,000 -3.8% -10.3%

WEST WIMMERA* $33,000 $90,000 $175,000 $87,500 2.9% -10.0%

WELLINGTON $220,000 $295,000 $376,000 $288,500 2.3% 3.5%

GLENGARRY* $282,500 $360,000 $460,000 $335,000 7.5% 23.7%

HEYFIELD* $180,000 $315,000 $455,000 $308,750 2.0% 2.9%

LOCH SPORT* $133,750 $187,500 $225,000 $185,000 1.4% 17.2%

MAFFRA $220,000 $257,000 $337,500 $253,500 1.4% 2.8%

ROSEDALE* $230,000 $345,000 $430,000 $339,000 1.8% -

SALE $235,000 $295,000 $375,000 $305,000 -3.3% -6.3%

STRATFORD* $254,000 $305,000 $340,000 $270,500 12.8% 10.9%

WODONGA $251,000 $295,000 $355,000 $311,500 -5.3% -6.3%

WEST WODONGA* $272,000 $293,000 $326,000 $306,500 -4.4% -4.9%

WODONGA $245,000 $288,500 $349,000 $310,000 -6.9% -3.0%

YARRIAMBIACK* $62,000 $90,000 $131,000 $81,500 10.4% -4.0%





CITY OF BALLARAT $189,000 $230,000 $270,000 $241,500 -4.8% -7.6%

CITY OF GREATER BENDIGO* $225,000 $250,000 $280,000 $221,000 13.1% -9.1%

CITY OF GREATER GEELONG $289,000 $335,000 $470,000 $335,000 0.0% -2.2%

MUNICIPALITY & SUBURB LOWER MEDIAN UPPER MEDIAN QUARTERLY ANNUAL QUARTILE DEC-2016 QUARTILE DEC-2016 CHANGE CHANGE

Median unit prices by municipality





DECEMBER 2016 QUARTER MEDIAN RENTS


Melbourne Median Rents

Inner 2 $440 $500 $582 0.0% 1.0%

3 $500 $600 $740 0.1% 0.9%

4 $650 $800 $995 0.0% 0.0%

Middle 2 $320 $360 $401 2.6% 2.9%

3 $350 $396 $470 0.3% 2.9%

4 $431 $520 $680 2.0% 4.0%

Outer 2 $290 $320 $350 1.6% 3.2%

3 $330 $360 $395 1.4% 2.9%

4 $370 $410 $470 0.0% 2.5%

Total Melbourne 2 $340 $420 $520 1.2% 2.4%

3 $350 $390 $490 0.9% 2.6%

4 $390 $450 $590 0.0% 0.0%

AREA BEDROOM LOWER MEDIAN RENT UPPER QUARTER ANNUAL QUARTILE DEC-16 QUARTILE % CHANGE % CHANGE


Median Weekly House Rents by Bedroom, Metropolitan Melbourne

Source: REIV, realestateview.com.au

Median rents are for 12 months ending the quarter

Inner 1 $301 $351 $400 0.0% 0.4%

2 $390 $450 $532 0.1% 0.1%

3 $510 $625 $745 2.3% 4.2%

Middle 1 $270 $300 $341 0.0% 3.4%

2 $330 $370 $420 0.0% 2.8%

3 $400 $470 $555 2.1% 4.4%

Outer 1 $215 $240 $280 0.0% 4.2%

2 $290 $320 $350 0.0% 3.2%

3 $345 $380 $425 0.0% 5.5%

Total Melbourne 1 $296 $350 $395 0.0% 2.9%

2 $350 $401 $495 0.3% 0.3%

3 $395 $490 $620 2.1% 4.3%

Median Weekly Unit and Apartment Rents by Bedroom, Metropolitan Melbourne

DECEMBER QUARTER MEDIAN RENTS


Median weekly rents, 1 Bedroom Unit or Apartment, Victoria

ABBOTSFORD $350 $380 $390 2.3% 2.7%

ALBERT PARK* $286 $316 $351 5.5% -0.2%

ALPHINGTON* $260 $290 $300 3.6% 7.4%

ALTONA* $245 $280 $306 3.8% 7.8%

ALTONA NORTH* $241 $250 $273 - -

ARMADALE $301 $330 $360 3.0% 4.4%

ASCOT VALE* $239 $250 $293 0.2% -7.3%

BALACLAVA* $240 $320 $363 3.2% 3.2%

BALLARAT CENTRAL* $165 $175 $199 2.9% 6.1%

BALWYN* $320 $360 $377 1.4% -

BENDIGO* $160 $180 $196 0.0% 16.1%

BENTLEIGH* $270 $296 $312 0.2% -

BENTLEIGH EAST* $325 $340 $350 1.5% -

BLACKBURN* $304 $340 $350 0.0% 10.6%

BOX HILL $210 $250 $350 -2.0% -12.3%

BOX HILL SOUTH* $250 $280 $350 - -

BRIGHTON $370 $390 $400 0.0% 8.2%

BRUNSWICK $293 $340 $365 0.0% 6.3%

BRUNSWICK EAST $293 $345 $360 -1.4% 0.0%

BRUNSWICK WEST $250 $275 $295 0.0% 7.8%

BUNDOORA $295 $315 $321 1.6% 5.0%

CAMBERWELL* $345 $360 $380 0.0% 2.9%

CARLTON $330 $370 $420 0.0% 1.4%

CARLTON NORTH* $306 $330 $366 0.0% -6.1%

CARNEGIE $275 $300 $350 3.4% 7.1%

CAULFIELD* $258 $295 $350 5.2% 13.7%

CAULFIELD EAST* $290 $328 $361 4.0% 12.9%

CAULFIELD NORTH $259 $283 $380 2.9% 4.8%

CAULFIELD SOUTH* $250 $280 $300 0.9% 3.7%

CHELTENHAM* $264 $315 $335 3.3% 5.0%

CLAYTON* $310 $331 $358 0.2% 12.1%

CLIFTON HILL* $316 $340 $360 6.3% 9.7%

COBURG* $291 $310 $320 2.9% 3.3%

COLLINGWOOD $370 $390 $401 0.0% 0.0%

DANDENONG* $215 $230 $251 0.0% 4.4%

DOCKLANDS $401 $450 $500 0.0% 0.0%

DONCASTER $330 $350 $360 0.0% -0.4%

EAST MELBOURNE $350 $380 $418 0.0% 1.0%

ECHUCA* $135 $135 $160 0.0% -

ELSTERNWICK $265 $290 $343 3.3% 0.0%

ELWOOD $290 $310 $351 0.0% 3.3%

EPPING* $270 $280 $280 0.9% 0.0%

ESSENDON $263 $300 $330 0.0% 7.1%

ESSENDON NORTH* $260 $310 $330 -1.6% 14.8%

FAIRFIELD $262 $285 $308 0.0% 1.4%

FITZROY $320 $390 $450 0.0% 5.4%

FITZROY NORTH $308 $340 $366 3.0% 5.9%

FLEMINGTON $238 $273 $320 6.9% 5.0%

FOOTSCRAY $200 $280 $320 7.7% 18.7%

FRANKSTON* $185 $213 $235 6.3% 11.8%

GARDENVALE* $260 $280 $285 0.0% 3.7%

GLEN HUNTLY* $260 $265 $284 -0.1% -3.8%

GLEN IRIS $275 $300 $350 2.4% 0.0%

GLEN WAVERLEY* $363 $380 $390 0.0% 8.6%

GLENROY* $210 $240 $275 -3.0% -4.1%

HAMPTON* $320 $350 $400 -2.8% -1.4%

HAWTHORN $295 $330 $370 0.0% 1.5%

HAWTHORN EAST $320 $351 $385 0.2% 0.2%

HEIDELBERG* $280 $300 $340 -3.2% -6.3%

SUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGE

Suburb rents are based on data for the 12 months ending the quarter

* denotes less than 50 leases in the year







HERNE HILL* $183 $200 $220 0.0% 5.3%

IVANHOE* $348 $371 $383 3.9% -

KENSINGTON* $330 $350 $365 0.0% 2.6%

KEW* $316 $353 $388 0.7% 3.7%

KINGSVILLE* $220 $240 $265 4.3% 9.0%

MALVERN $300 $350 $380 3.1% 0.0%

MALVERN EAST $315 $346 $360 1.6% 7.0%

MARIBYRNONG* $254 $275 $330 5.0% 4.6%

MCKINNON* $300 $345 $370 0.0% 0.0%

MELBOURNE $370 $400 $440 0.0% 1.3%

MENTONE $250 $283 $320 2.7% 2.7%

MIDDLE PARK* $321 $351 $393 0.4% 3.0%

MITCHAM* $310 $320 $340 0.0% 3.2%

MOONEE PONDS* $270 $296 $340 -1.3% 5.7%

MORDIALLOC* $273 $300 $336 -4.8% -9.1%

MURRUMBEENA* $251 $280 $300 0.0% 1.4%

NEWPORT* $266 $295 $346 10.3% 13.5%

NOBLE PARK $210 $215 $230 -2.3% 0.0%

NORTH MELBOURNE $299 $350 $390 3.7% 6.1%

NORTHCOTE $265 $320 $356 -3.0% 3.2%

NOTTING HILL* $299 $320 $340 0.0% 0.0%

OAKLEIGH* $303 $340 $345 5.9% 7.9%

ORMOND* $259 $270 $295 0.8% 0.0%

PARKDALE* $250 $295 $320 1.7% 3.5%

PARKVILLE $320 $340 $370 0.0% 2.7%

PASCOE VALE* $255 $265 $280 - -

PORT MELBOURNE $400 $430 $452 0.4% 2.4%

PRAHRAN $300 $345 $390 0.0% -1.4%

PRESTON $273 $300 $334 0.0% 4.9%

RESERVOIR $271 $290 $300 0.0% 0.0%

RICHMOND $320 $380 $420 2.7% 5.6%

SALE* $160 $178 $215 4.4% 4.4%

SANDRINGHAM* $320 $331 $365 -1.1% -1.1%

SEAFORD* $230 $248 $265 - 2.3%

SEBASTOPOL* $140 $165 $195 10.0% -

SEDDON* $220 $250 $270 4.3% -

SHEPPARTON* $165 $180 $191 4.3% 10.8%

SOUTH MELBOURNE $380 $400 $425 0.0% 0.0%

SOUTH YARRA $330 $370 $400 0.0% 2.4%

SOUTHBANK $395 $430 $460 0.0% 0.0%

SPRINGVALE* $210 $230 $245 0.0% 1.8%

ST ALBANS* $210 $241 $298 - -

ST KILDA $295 $350 $386 0.0% 6.1%

ST KILDA EAST $275 $300 $340 0.0% 1.7%

ST KILDA WEST $320 $346 $363 1.5% 3.7%

STAWELL* $104 $110 $120 - -

THORNBURY $260 $280 $300 0.0% 1.8%

TOORAK $300 $326 $356 -0.6% 1.6%

TRAVANCORE* $249 $315 $338 - -

WENDOUREE* $150 $160 $170 3.2% 3.2%

WEST FOOTSCRAY* $214 $240 $285 0.0% 4.3%

WEST MELBOURNE $359 $385 $420 2.7% 1.3%

WILLIAMSTOWN* $265 $290 $348 0.8% 0.0%

WINDSOR $311 $370 $400 2.8% 5.7%

YARRAVILLE* $250 $303 $338 -3.2% 7.6%





ABBOTSFORD $420 $480 $531 2.1% 2.1%

ABERFELDIE* $331 $361 $400 -3.3% -

AIRPORT WEST* $350 $363 $384 -0.9% 3.8%

ALBERT PARK* $479 $560 $626 -1.3% 16.2%

ALFREDTON* $200 $220 $240 0.0% -4.3%

ALPHINGTON* $370 $396 $465 -1.1% 6.6%

ALTONA* $300 $340 $356 0.0% 6.3%

ALTONA NORTH* $288 $320 $383 -3.0% 6.7%

ARMADALE $380 $420 $460 2.4% 4.6%

ASCOT VALE $340 $370 $400 0.0% -2.6%

ASHWOOD* $384 $410 $449 - 7.9%

ASPENDALE* $321 $340 $420 -8.2% -11.1%

AVONDALE HEIGHTS* $293 $346 $396 -5.3% 7.4%

BAIRNSDALE* $210 $220 $260 -4.3% -10.2%

BALACLAVA* $350 $380 $400 1.3% -1.9%

BALLARAT CENTRAL $233 $250 $280 0.0% 4.2%

BALLARAT NORTH* $226 $255 $268 -1.9% 5.2%

BALWYN $356 $395 $460 0.0% 5.0%

BALWYN NORTH* $350 $380 $430 -3.9% -5.0%

BARWON HEADS* $310 $340 $406 3.0% 9.7%

BAYSWATER* $311 $335 $350 -1.5% 1.5%

BAYSWATER NORTH* $299 $328 $346 2.3% 4.0%

BEAUMARIS* $400 $480 $600 3.2% 4.3%

BELMONT* $260 $285 $310 -2.6% 0.9%

BENDIGO $211 $250 $278 0.0% 3.1%

BENTLEIGH $350 $400 $450 -0.2% 5.3%

BENTLEIGH EAST $350 $390 $420 2.5% 5.4%

BERWICK* $284 $300 $328 -3.2% 0.0%

BLACK ROCK* $398 $450 $495 0.0% 0.0%

BLACKBURN $360 $391 $419 0.6% 2.8%

BONBEACH* $300 $340 $400 0.0% 11.5%

BORONIA $320 $340 $360 1.4% 3.0%

BOX HILL $340 $391 $440 0.2% 8.1%

BOX HILL NORTH* $355 $380 $411 0.0% 1.3%

BOX HILL SOUTH* $360 $400 $420 6.7% 0.0%

BRIGHT* $195 $205 $223 2.5% 5.1%

BRIGHTON $450 $523 $580 0.7% 4.7%

BRIGHTON EAST* $430 $465 $496 3.3% 4.5%

BROADMEADOWS* $290 $318 $330 2.3% 5.8%

BROWN HILL* $195 $250 $265 -2.0% 4.2%

BRUNSWICK $380 $420 $460 0.0% 0.0%

BRUNSWICK EAST $400 $450 $500 0.0% 2.3%

BRUNSWICK WEST $320 $355 $395 1.4% 2.9%

BULLEEN* $379 $395 $425 1.3% 9.7%

BUNDOORA $325 $351 $380 0.3% 0.3%

BURWOOD* $370 $400 $430 -0.8% 0.9%

BURWOOD EAST* $328 $368 $396 4.9% -

CAMBERWELL $395 $440 $491 2.3% 7.3%

CANADIAN* $205 $250 $260 0.0% -

CANTERBURY* $383 $400 $440 0.0% 1.3%

CARLTON $482 $526 $577 -0.8% 5.2%

CARLTON NORTH $430 $460 $490 1.1% 2.2%

CARNEGIE $370 $405 $460 1.3% 1.3%

CAROLINE SPRINGS* $340 $360 $370 0.0% 0.7%

CARRUM* $328 $375 $434 4.2% 10.1%

CARRUM DOWNS* $320 $320 $330 0.0% 6.7%

CASTLEMAINE* $251 $280 $300 1.8% 3.7%

CAULFIELD $419 $450 $500 0.0% 9.1%

CAULFIELD EAST* $362 $425 $464 3.8% 15.2%






SUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGECAULFIELD NORTH $396 $432 $482 2.8% 7.5%

CAULFIELD SOUTH $360 $428 $500 7.1% 12.7%

CHADSTONE* $350 $403 $450 1.1% 3.2%

CHELSEA $323 $350 $380 0.0% 6.1%

CHELTENHAM $330 $365 $420 1.1% 4.3%

CLAYTON $340 $370 $400 0.0% 5.7%

CLAYTON SOUTH* $330 $351 $372 1.6% 0.2%

CLIFTON HILL $399 $451 $511 0.1% 6.6%

COBURG $347 $371 $410 0.4% 0.4%

COBURG NORTH* $318 $370 $403 0.0% 4.2%

COLAC* $210 $220 $240 0.0% 0.0%

COLLINGWOOD $498 $540 $600 2.9% 8.0%

CRAIGIEBURN* $299 $305 $320 1.7% 1.7%

CROYDON $320 $340 $360 0.0% 3.0%

DANDENONG $255 $280 $320 0.0% 3.6%

DANDENONG NORTH* $270 $285 $310 -1.8% -0.2%

DANDENONG SOUTH* $278 $305 $315 -0.8% -0.7%

DOCKLANDS $510 $561 $628 -0.1% -1.9%

DONCASTER $395 $430 $460 2.2% 3.6%

DONCASTER EAST $370 $390 $440 0.0% 0.0%

DONVALE* $350 $375 $412 0.0% 2.4%

DROMANA* $265 $325 $385 12.1% 19.3%

DROUIN* $241 $265 $268 6.0% 6.0%

EAGLEHAWK* $170 $240 $250 9.1% 9.1%

EAST GEELONG* $283 $300 $340 0.0% -

EAST MELBOURNE $488 $531 $601 4.1% 6.9%

ECHUCA* $200 $240 $260 -4.0% 4.2%

EDITHVALE* $350 $365 $390 0.7% -1.4%

ELSTERNWICK $374 $418 $450 4.4% 4.4%

ELTHAM* $350 $381 $421 5.5% 8.5%

ELWOOD $390 $440 $495 1.1% 9.6%

EPPING* $300 $310 $320 3.1% 3.3%

ESSENDON $320 $360 $400 0.0% 2.9%

ESSENDON NORTH* $330 $350 $380 -1.6% 4.1%

FAIRFIELD $336 $396 $458 1.5% 1.1%

FAWKNER* $350 $356 $368 1.8% 14.9%

FERNTREE GULLY* $314 $333 $350 0.8% 0.8%

FITZROY $502 $552 $625 0.4% 0.4%

FITZROY NORTH $418 $481 $533 -1.8% -1.2%

FLEMINGTON* $335 $375 $438 -0.7% 3.2%

FLORA HILL* $185 $220 $245 0.0% -8.3%

FOOTSCRAY $329 $370 $400 1.5% 2.9%

FOREST HILL* $340 $360 $400 -5.3% 0.0%

FRANKSTON $250 $290 $310 0.0% 5.5%

FRANKSTON SOUTH* $335 $345 $350 0.7% 11.2%

GEELONG* $320 $380 $410 1.4% 7.0%

GEELONG WEST* $250 $278 $315 -0.9% -2.6%

GISBORNE* $290 $310 $326 0.0% 3.3%

GLEN HUNTLY $370 $400 $468 1.1% 4.9%

GLEN IRIS $380 $400 $460 0.0% 0.0%

GLEN WAVERLEY* $380 $400 $410 0.9% 2.4%

GLENROY $300 $330 $351 0.1% 0.1%

GOLDEN SQUARE* $191 $238 $258 8.0% 3.3%

GREENSBOROUGH $311 $330 $350 0.0% 0.0%

GROVEDALE* $283 $300 $308 0.8% 5.3%

HADFIELD* $323 $340 $345 3.0% 4.6%

HALLAM* $270 $300 $318 0.0% 0.0%

HAMLYN HEIGHTS* $248 $300 $321 0.0% -

HAMPTON $400 $450 $500 0.0% 2.3%






SUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGEHAMPTON EAST* $350 $390 $435 0.0% 2.6%

HASTINGS* $250 $270 $310 0.1% 0.1%

HAWTHORN $380 $420 $470 0.0% 2.4%

HAWTHORN EAST $375 $400 $453 -1.8% 0.0%

HEATHMONT* $330 $345 $370 2.6% -

HEIDELBERG $348 $380 $416 0.0% 3.7%

HEIDELBERG HEIGHTS* $350 $373 $396 -1.9% 6.6%

HERNE HILL* $215 $260 $295 -3.7% -3.7%

HIGHETT $361 $395 $424 -0.6% 4.0%

HIGHTON* $260 $270 $310 -0.1% -0.1%

HOPPERS CROSSING* $270 $280 $285 0.0% 7.7%

HUGHESDALE $376 $401 $450 0.0% 1.6%

IVANHOE $351 $401 $470 0.3% 4.6%

IVANHOE EAST* $366 $395 $400 2.4% -

KANGAROO FLAT* $230 $240 $260 0.0% -1.0%

KEILOR EAST* $320 $360 $395 1.2% 9.1%

KENNINGTON* $215 $248 $269 11.2% 10.0%

KENSINGTON $375 $405 $450 -2.0% -2.7%

KEW $365 $400 $450 0.0% 0.0%

KEW EAST* $353 $390 $445 0.0% -3.9%

KEYSBOROUGH* $343 $380 $380 0.0% 11.8%

KINGSBURY* $304 $348 $360 0.7% 1.9%

KINGSVILLE* $298 $315 $350 4.6% 8.6%

KYABRAM* $161 $193 $224 -4.9% -2.5%

LAKE WENDOUREE* $250 $285 $348 0.0% 2.7%

LALOR* $300 $310 $333 0.0% 0.0%

LANGWARRIN* $295 $300 $320 0.0% 1.7%

LARA* $251 $280 $290 0.0% 9.8%

LILYDALE* $300 $343 $360 0.7% 2.1%

LOWER PLENTY* $320 $340 $351 -0.7% -

MACLEOD* $320 $350 $386 0.0% -0.2%

MAFFRA* $213 $228 $239 - -2.2%

MAIDSTONE $340 $360 $385 0.0% 2.9%

MALVERN $400 $450 $480 0.9% 4.7%

MALVERN EAST $370 $400 $450 0.0% 0.0%

MARIBYRNONG $330 $365 $400 1.4% 4.3%

MCKINNON* $400 $450 $482 1.9% 16.1%

MELBOURNE $497 $550 $600 0.0% 3.8%

MENTONE $340 $380 $403 0.0% 0.0%

MIDDLE PARK* $464 $550 $616 5.4% 9.8%

MILDURA $190 $200 $235 0.0% 0.0%

MILL PARK* $310 $320 $325 3.2% 3.2%

MITCHAM $325 $365 $397 -1.4% 0.0%

MOE* $150 $190 $265 0.0% 13.4%

MONT ALBERT* $375 $400 $430 0.0% -0.1%

MONT ALBERT NORTH* $395 $410 $431 0.0% -

MONTMORENCY* $310 $341 $390 0.0% -

MOONEE PONDS $350 $390 $431 1.1% 4.0%

MOORABBIN $380 $420 $450 2.4% 16.7%

MOOROOLBARK* $318 $350 $368 9.4% 17.6%

MOOROOPNA* $194 $220 $230 1.1% 15.8%

MORDIALLOC $345 $380 $410 4.1% 6.3%

MORNINGTON $304 $340 $355 1.5% 5.3%

MORWELL* $145 $200 $210 5.3% 5.3%

MOUNT CLEAR* $244 $250 $265 0.0% 8.7%

MOUNT ELIZA* $296 $310 $320 -0.3% -7.6%

MOUNT WAVERLEY $380 $396 $426 0.2% 2.5%

MURRUMBEENA $353 $420 $460 1.6% 5.0%

MYRTLEFORD* $190 $200 $220 -4.8% 0.0%




REIV Monthly Research Bulletin • February 2017 • Expanded Edition 144Suburb rents are based on data for the 12 months ending the quarter


NAGAMBIE* $194 $200 $249 - -

NEWCOMB* $270 $280 $310 0.0% 3.7%

NEWPORT* $301 $393 $458 3.3% 3.3%

NEWTOWN (GEELONG)* $268 $303 $350 2.5% 4.3%

NIDDRIE* $336 $356 $391 -3.2% 1.6%

NOBLE PARK $280 $310 $340 0.0% 3.3%

NORLANE* $250 $260 $265 - -

NORTH MELBOURNE $400 $470 $520 4.1% 11.5%

NORTHCOTE $400 $452 $500 2.2% 4.2%

NOTTING HILL* $351 $370 $400 0.0% -1.3%

NUNAWADING* $330 $350 $370 0.0% -3.4%

OAK PARK* $300 $340 $365 0.0% 3.0%

OAKLEIGH $370 $410 $436 2.6% 5.1%

OAKLEIGH EAST* $340 $363 $380 3.4% 3.6%

OAKLEIGH SOUTH* $310 $330 $398 -1.6% -7.7%

ORMOND $350 $380 $401 0.0% 1.3%

PAKENHAM* $270 $285 $290 1.8% 3.6%

PARKDALE $329 $360 $420 2.9% 0.0%

PARKVILLE $420 $442 $472 -1.9% 2.4%

PASCOE VALE $334 $360 $390 0.0% 5.9%

PASCOE VALE SOUTH* $378 $398 $413 1.9% 0.3%

PATTERSON LAKES* $355 $385 $395 0.0% 5.5%

POINT COOK* $319 $330 $331 0.0% 1.5%

PORT MELBOURNE $497 $571 $661 0.2% 0.2%

PRAHRAN $400 $452 $520 -1.8% 0.3%

PRESTON $350 $380 $403 1.3% 5.5%

RESERVOIR $310 $333 $360 0.9% 0.9%

RICHMOND $480 $522 $590 0.4% 3.2%

RINGWOOD $320 $343 $360 0.8% 0.8%

RINGWOOD EAST $320 $330 $350 -0.2% -0.4%

ROCHESTER* $140 $145 $165 0.0% -

ROSANNA* $330 $336 $388 0.4% 1.5%

ROSEBUD* $275 $320 $350 - -

SAFETY BEACH* $320 $393 $613 - -

SALE $210 $240 $294 0.0% -4.0%

SANDRINGHAM $400 $450 $495 0.0% 1.1%

SEAFORD* $275 $295 $320 0.0% 1.7%

SEBASTOPOL $220 $233 $250 1.1% -3.1%

SEDDON* $353 $380 $390 0.0% 5.7%

SHEPPARTON $200 $250 $270 7.5% 6.4%

SOMERVILLE* $293 $310 $335 - 6.9%

SOUTH KINGSVILLE* $300 $330 $360 -4.3% -5.6%

SOUTH MELBOURNE $490 $515 $575 -1.0% 0.0%

SOUTH MORANG* $300 $315 $330 1.6% 4.8%

SOUTH YARRA $463 $519 $588 3.4% 4.5%

SOUTHBANK $515 $550 $595 0.0% 0.0%

SPOTSWOOD* $285 $380 $450 7.1% 1.4%

SPRINGVALE* $290 $310 $350 2.3% 2.9%

SPRINGVALE SOUTH* $290 $300 $323 -3.2% 0.0%

ST ALBANS $251 $280 $310 0.0% 3.6%

ST KILDA $396 $450 $510 0.0% 4.7%

ST KILDA EAST $375 $401 $450 0.2% 2.7%

ST KILDA WEST* $393 $456 $524 0.9% 1.3%

STAWELL* $141 $158 $190 1.6% 5.0%

STRATHDALE* $195 $230 $260 0.0% -4.2%

STRATHMORE* $350 $360 $393 2.9% -8.9%

SUNBURY* $280 $300 $310 0.0% 0.0%

SUNSHINE* $240 $325 $350 -1.5% 15.9%

SURREY HILLS $351 $385 $420 -1.3% -2.5%






SUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGEABBOTSFORD* $650 $750 $804 0.0% 0.0%

AIRPORT WEST* $380 $440 $470 0.0% 1.1%

ALFREDTON* $300 $300 $320 0.0% 0.0%

ALPHINGTON* $530 $577 $641 0.0% 4.9%

ALTONA* $401 $500 $591 -3.8% 4.2%

ALTONA NORTH* $424 $469 $500 2.0% 2.0%

ARMADALE* $560 $640 $773 0.0% 7.6%

ASCOT VALE* $425 $575 $610 -0.4% 4.5%

ASHBURTON* $649 $710 $763 - 13.4%

ASHWOOD* $460 $530 $595 -3.6% 5.5%

ASPENDALE* $503 $550 $638 0.0% 2.3%

AVONDALE HEIGHTS* $388 $425 $479 0.0% 14.1%

BALLARAT CENTRAL* $269 $285 $303 -1.7% -1.7%

BALLARAT EAST* $271 $285 $323 1.8% -

BALWYN* $498 $591 $686 -1.2% 7.4%

BALWYN NORTH* $501 $581 $671 -6.4% 5.7%

BAYSWATER* $365 $400 $430 0.0% 11.1%

BEAUMARIS* $600 $700 $800 -2.1% -4.1%

BENDIGO* $288 $310 $400 3.3% -

BENTLEIGH $541 $650 $718 0.8% 9.2%

BENTLEIGH EAST $508 $600 $660 2.2% 7.1%

BERWICK* $365 $385 $410 3.4% 8.5%

BLACK ROCK* $565 $770 $835 1.3% 11.6%

BLACKBURN* $420 $498 $549 2.1% 4.2%

BLACKBURN SOUTH* $450 $462 $553 0.2% -11.6%

BONBEACH* $395 $450 $540 2.3% 7.1%

BORONIA* $350 $390 $425 2.6% 2.6%



TARNEIT* $290 $300 $305 0.0% 3.4%

TEMPLESTOWE* $350 $371 $390 1.3% 2.6%

TEMPLESTOWE LOWER* $333 $385 $400 -1.3% -

THOMASTOWN* $298 $320 $330 0.8% 3.2%

THORNBURY $340 $375 $430 -1.3% -1.3%

TOORAK $416 $450 $515 0.0% 0.0%

TORQUAY* $340 $400 $450 11.1% 11.1%

TRAFALGAR* $220 $220 $260 0.0% -

TRARALGON* $210 $230 $265 0.0% 0.0%

TRAVANCORE* $363 $380 $400 0.0% 0.0%

TULLAMARINE* $290 $310 $329 0.0% 6.9%

VERMONT* $324 $350 $373 6.1% 6.1%

WANGARATTA* $175 $185 $210 2.8% -7.5%

WANTIRNA SOUTH* $360 $375 $380 -0.7% 0.7%

WARRAGUL* $234 $260 $266 -1.9% 4.0%

WARRNAMBOOL* $243 $260 $295 0.0% 4.0%

WENDOUREE* $165 $200 $230 2.6% 0.0%

WERRIBEE* $250 $260 $285 0.0% 0.0%

WEST FOOTSCRAY $301 $340 $380 6.3% 6.4%

WEST MELBOURNE $450 $480 $510 0.0% 0.0%

WILLIAMSTOWN $300 $360 $450 0.7% 4.4%

WINDSOR $430 $495 $560 2.6% 1.7%

WODONGA* $204 $223 $243 1.1% 1.1%

WOLLERT* $295 $300 $300 0.0% -

YARRAVILLE $335 $400 $455 1.4% -4.7%

YARRAWONGA* $200 $215 $239 2.4% -

Median weekly rents, 2 Bedroom Unit or Apartment, VictoriaSUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGE





BOX HILL* $440 $500 $550 3.1% -3.8%

BOX HILL NORTH* $466 $485 $501 0.0% -1.0%

BOX HILL SOUTH* $420 $501 $590 3.2% -8.9%

BRAYBROOK* $370 $385 $423 1.4% -3.7%

BRIGHTON $690 $775 $1,000 0.0% 10.7%

BRIGHTON EAST* $520 $643 $764 -1.9% -1.2%

BROADMEADOWS* $330 $343 $368 -4.9% -0.7%

BRUNSWICK $558 $620 $725 3.3% 3.8%

BRUNSWICK EAST* $555 $623 $690 3.8% 3.8%

BRUNSWICK WEST* $485 $580 $665 5.5% 7.4%

BULLEEN* $413 $500 $545 1.0% 16.2%

BUNDOORA* $356 $390 $440 0.0% -2.5%

BURWOOD* $440 $500 $560 0.6% 3.1%

BURWOOD EAST* $420 $500 $560 -2.1% -9.1%

CAMBERWELL* $519 $634 $711 1.4% 15.2%

CARLTON* $650 $677 $760 -0.4% -0.4%

CARLTON NORTH* $586 $670 $756 - 4.7%

CARNEGIE* $443 $548 $668 -0.5% 3.3%

CAROLINE SPRINGS* $370 $380 $395 -2.6% 1.3%

CARRUM* $410 $450 $550 0.0% 2.9%

CARRUM DOWNS $350 $360 $380 0.0% 5.9%

CAULFIELD* $475 $570 $660 -4.2% 5.2%

CAULFIELD NORTH* $545 $650 $750 11.1% 12.1%

CAULFIELD SOUTH* $510 $630 $680 2.4% 5.0%

CHADSTONE $450 $499 $555 0.0% -5.8%

CHELSEA* $400 $450 $530 -2.2% 13.2%

CHELTENHAM* $489 $522 $580 0.4% 0.4%

CLAYTON $405 $460 $490 0.0% 2.2%

CLAYTON SOUTH* $458 $500 $522 0.0% 11.5%

CLIFTON HILL* $630 $690 $710 0.0% -

COBURG* $450 $483 $530 0.5% 0.5%

COLLINGWOOD* $750 $778 $838 -1.6% 7.2%

CRAIGIEBURN* $320 $340 $350 0.0% 3.0%

CRANBOURNE* $350 $360 $370 0.0% 2.9%

CROYDON $370 $410 $450 0.0% 2.5%

DANDENONG* $353 $373 $390 0.7% 3.1%

DANDENONG NORTH* $330 $355 $370 -1.3% 1.4%

DEER PARK* $310 $325 $360 -5.8% -7.1%

DOCKLANDS* $812 $937 $1,228 -6.3% -1.4%

DONCASTER* $494 $546 $592 4.6% 10.8%

DONCASTER EAST $440 $498 $549 2.6% 8.2%

DONVALE* $460 $480 $540 0.0% 6.7%

DOREEN* $311 $341 $350 -2.7% -

DROUIN* $280 $288 $299 1.8% 0.9%

EDITHVALE* $375 $420 $525 0.0% -2.3%

ELSTERNWICK* $485 $532 $650 -3.3% -3.3%

ELTHAM* $430 $452 $532 0.0% 7.1%

ELWOOD* $540 $598 $756 0.4% 8.6%

EPPING* $326 $355 $370 1.4% 4.4%

ESSENDON $416 $486 $552 2.3% 7.6%

FAIRFIELD* $550 $600 $670 -5.5% -

FAWKNER* $343 $385 $420 1.3% 0.0%

FERNTREE GULLY* $370 $395 $420 0.0% 6.8%

FITZROY NORTH* $580 $750 $758 0.0% 7.9%

FOOTSCRAY* $403 $460 $550 -5.2% -7.1%

FOREST HILL* $400 $452 $548 -4.9% 6.9%

FRANKSTON* $300 $335 $380 3.9% 4.7%

FRANKSTON SOUTH* $388 $410 $450 2.5% 1.2%

GEELONG* $428 $473 $540 - 6.2%







GEELONG WEST* $390 $430 $450 -1.1% 8.9%

GISBORNE* $360 $390 $420 4.0% 6.8%

GLEN HUNTLY* $482 $520 $700 4.0% 11.2%

GLEN IRIS* $491 $593 $751 0.0% 7.2%

GLEN WAVERLEY* $400 $495 $555 7.4% 1.5%

GLENROY $377 $390 $419 0.0% 2.6%

GREENSBOROUGH* $361 $383 $455 0.7% 0.7%

HALLAM* $315 $340 $363 -1.5% 3.8%

HAMLYN HEIGHTS* $380 $395 $400 - -

HAMPTON* $591 $708 $820 0.0% 7.2%

HAMPTON EAST* $488 $623 $801 4.2% -4.2%

HAWTHORN $520 $622 $680 5.1% 7.3%

HAWTHORN EAST* $518 $630 $720 5.0% 16.3%

HEIDELBERG* $418 $480 $520 1.8% 4.3%

HEIDELBERG HEIGHTS* $371 $416 $444 1.2% 9.4%

HIGHETT* $498 $551 $645 -2.5% 0.2%

HILLSIDE (GREATER MELBOURNE)* $331 $360 $379 2.9% 5.9%

HUGHESDALE* $474 $511 $569 -0.2% 6.4%

IVANHOE* $490 $572 $622 -3.0% 4.0%

KEILOR EAST* $360 $420 $448 0.0% 0.0%

KENSINGTON* $508 $555 $625 0.9% 0.9%

KEW $500 $560 $623 1.7% 1.8%

KEW EAST* $493 $567 $673 -5.5% -3.1%

KEYSBOROUGH* $360 $400 $445 2.6% -4.8%

KILSYTH* $349 $393 $420 0.6% -3.1%

KNOXFIELD* $390 $435 $450 1.8% 3.5%

LANGWARRIN* $335 $350 $360 -1.4% 6.1%

LAVERTON* $346 $395 $418 2.6% 3.9%

LILYDALE* $395 $420 $440 2.4% 7.0%

MACLEOD* $403 $450 $524 9.5% 18.0%

MAIDSTONE* $430 $440 $465 0.0% 2.3%

MALVERN* $508 $665 $825 5.6% 9.9%

MALVERN EAST* $528 $600 $700 0.0% 9.1%

MARIBYRNONG $410 $445 $500 0.0% -1.1%

MCKINNON* $569 $655 $730 3.6% 11.5%

MEADOW HEIGHTS* $320 $328 $338 0.0% -

MELBOURNE $665 $750 $864 2.7% 2.7%

MELTON SOUTH* $258 $263 $284 - 1.0%

MENTONE* $475 $580 $650 1.8% 3.6%

MILDURA* $250 $290 $330 3.6% 5.5%

MITCHAM* $420 $440 $473 1.9% 3.5%

MONT ALBERT NORTH* $420 $620 $695 14.8% 14.8%

MOONEE PONDS* $462 $532 $550 1.3% 0.4%

MOORABBIN* $465 $565 $615 5.1% -

MOOROOLBARK* $380 $395 $425 - 3.9%

MORDIALLOC* $443 $495 $570 3.1% 3.1%

MORNINGTON* $360 $412 $540 -2.0% -2.0%

MOUNT CLEAR* $250 $260 $305 -8.0% -11.9%

MOUNT MARTHA* $393 $405 $455 1.9% 1.3%

MOUNT WAVERLEY $446 $495 $568 -1.0% 0.5%

MULGRAVE* $441 $459 $476 0.3% 1.9%

MURRUMBEENA* $507 $550 $668 0.0% 2.4%

NEWPORT* $480 $520 $570 3.9% 3.8%

NEWTOWN (GEELONG)* $384 $445 $491 -6.3% -1.1%

NIDDRIE* $428 $500 $552 0.0% -0.2%

NOBLE PARK $335 $360 $380 -1.4% 2.9%

NORTH MELBOURNE* $598 $655 $750 0.8% 9.2%

NORTHCOTE* $580 $600 $630 0.0% 0.0%

NUNAWADING* $400 $435 $490 0.0% -1.1%







OAK PARK* $406 $430 $480 -2.4% 0.0%

OAKLEIGH* $425 $491 $553 -0.2% 9.1%

OAKLEIGH EAST* $450 $510 $575 0.0% 9.1%

OAKLEIGH SOUTH* $431 $480 $578 6.7% 10.2%

OCEAN GROVE* $329 $375 $405 -6.3% -1.3%

ORMOND* $504 $613 $715 - 30.5%

PAKENHAM* $300 $320 $350 0.0% 3.2%

PARKDALE* $400 $520 $589 0.0% 4.5%

PARKVILLE* $540 $600 $652 0.8% 1.7%

PASCOE VALE $400 $433 $478 1.8% 3.0%


POINT COOK* $350 $366 $390 4.7% -2.2%

PORT MELBOURNE $752 $894 $1,044 1.4% 3.5%

PRAHRAN* $610 $700 $850 0.0% 3.7%

PRESTON $420 $456 $496 0.9% 3.6%

RESERVOIR $368 $400 $440 0.0% 4.9%

RICHMOND $710 $753 $853 0.0% -1.1%

RINGWOOD* $385 $440 $490 2.3% 4.8%

RINGWOOD EAST* $400 $435 $489 -1.1% -1.1%

ROSANNA* $391 $431 $452 0.0% -4.1%

ROSEBUD* $340 $380 $400 - -

ROWVILLE* $400 $420 $430 1.2% 5.1%

SAFETY BEACH* $370 $425 $550 6.3% 11.9%

SALE* $300 $330 $373 0.0% -4.3%

SANDRINGHAM* $545 $700 $773 3.7% 12.3%

SEAFORD* $375 $420 $486 7.0% 11.3%

SEBASTOPOL* $250 $260 $270 0.0% -1.9%

SHEPPARTON* $285 $320 $338 0.0% 4.9%

SOMERVILLE* $365 $365 $385 0.0% 0.0%

SOUTH MELBOURNE* $665 $700 $730 0.0% 0.0%

SOUTH YARRA $634 $748 $850 -0.3% 6.4%

SOUTHBANK $695 $750 $800 1.4% 4.2%

SPRINGVALE* $349 $395 $428 1.5% 9.7%

ST ALBANS $318 $331 $360 0.0% 0.2%

ST KILDA* $525 $650 $761 3.2% 4.8%

ST KILDA EAST* $493 $550 $649 -2.7% -7.2%

STRATHMORE* $450 $498 $550 3.6% 5.9%

SUNBURY* $310 $320 $334 0.0% 0.0%

SURREY HILLS* $449 $600 $695 -3.2% 0.0%

SYDENHAM* $330 $340 $350 0.0% 0.0%

TARNEIT* $320 $320 $330 -3.0% 3.2%

TEMPLESTOWE* $445 $490 $580 0.0% 2.1%

TEMPLESTOWE LOWER* $395 $474 $503 -2.5% -3.3%

THORNBURY* $523 $550 $610 -0.9% 5.8%

TOORAK* $625 $665 $800 2.3% -5.3%

TORQUAY* $420 $450 $482 1.1% 2.3%

TRAFALGAR* $313 $335 $348 -1.5% -

TRUGANINA* $308 $325 $346 0.0% 5.7%

TULLAMARINE* $320 $340 $350 -1.4% -1.4%

VERMONT* $400 $428 $450 0.0% 4.3%

WANTIRNA* $380 $390 $440 0.6% -1.3%

WANTIRNA SOUTH* $400 $420 $458 -3.4% -2.3%

WARRAGUL* $278 $310 $328 - 19.2%

WERRIBEE* $285 $303 $350 0.8% 4.3%

WEST FOOTSCRAY* $395 $440 $490 2.4% -1.0%

WEST MELBOURNE* $650 $700 $735 0.0% -2.1%

WILLIAMSTOWN* $542 $622 $687 14.2% 13.1%

YARRAVILLE* $500 $620 $670 1.2% -1.7%







Median weekly rents, 2 Bedroom House, Victoria

ABBOTSFORD* $493 $550 $608 0.0% 0.0%

ALBERT PARK $515 $601 $700 0.2% 0.7%

ALTONA* $335 $383 $425 0.7% 9.3%

ALTONA MEADOWS* $297 $308 $323 -3.8% -0.8%

ARMADALE* $540 $597 $635 2.9% -0.5%

ASCOT VALE* $420 $450 $510 0.0% 4.3%

ASHBURTON* $380 $401 $445 -2.1% -

ASHWOOD* $350 $391 $450 -0.5% -

BAIRNSDALE* $229 $240 $266 -4.0% -4.0%

BALLARAT CENTRAL $230 $240 $260 0.0% 0.0%

BALWYN* $374 $410 $451 0.0% 0.0%

BARWON HEADS* $330 $350 $360 0.0% -

BAYSWATER* $300 $320 $340 0.0% 0.0%

BELMONT* $289 $328 $353 2.3% 11.9%

BENDIGO* $215 $250 $275 0.0% 0.0%

BENTLEIGH* $395 $420 $475 3.6% -4.5%

BENTLEIGH EAST* $365 $415 $483 0.6% 7.7%

BLACKBURN* $320 $355 $413 1.4% 1.4%

BONBEACH* $361 $383 $404 0.0% -

BORONIA* $315 $350 $358 0.0% -

BOX HILL* $389 $421 $458 - 9.3%

BRIGHTON* $458 $560 $637 8.2% 11.8%

BRIGHTON EAST* $448 $500 $553 8.7% 4.2%

BRUNSWICK $450 $500 $540 1.3% 6.0%

BRUNSWICK EAST* $470 $504 $580 0.5% 0.5%

BRUNSWICK WEST* $380 $430 $495 -5.5% 7.1%

BUNDOORA* $315 $345 $379 1.5% 4.5%

BURWOOD* $380 $386 $408 1.5% -

CAMBERWELL* $445 $498 $554 0.7% 15.9%

CARLTON $481 $536 $582 2.7% 0.9%

CARLTON NORTH $482 $530 $582 -0.9% -3.6%

CARNEGIE* $413 $445 $510 -1.1% 6.0%

CAROLINE SPRINGS* $324 $346 $360 -1.3% 4.5%

CASTLEMAINE* $280 $300 $320 0.0% 4.3%

CAULFIELD NORTH* $398 $450 $487 - -

CAULFIELD SOUTH* $430 $465 $533 0.0% 5.7%

CHADSTONE* $350 $361 $410 0.2% 3.2%

CHELSEA* $332 $365 $396 1.4% 2.8%

CHELTENHAM* $371 $398 $428 0.6% -0.6%

CLAYTON* $356 $361 $380 - 0.3%

CLIFTON HILL* $516 $579 $618 5.2% 5.2%

COBURG $361 $420 $462 4.9% 2.1%

COBURG NORTH* $330 $356 $421 -6.2% 9.6%

COLAC* $221 $230 $244 - 0.0%

COLLINGWOOD* $521 $581 $628 0.4% 1.8%

COWES* $240 $260 $260 - -

CRAIGIEBURN* $300 $310 $323 3.3% 0.0%

CRANBOURNE* $280 $290 $300 0.0% 1.8%

CROYDON* $323 $335 $356 1.3% -1.5%

DANDENONG* $283 $306 $329 -1.5% 1.8%

DONCASTER* $371 $436 $460 10.0% -

DONCASTER EAST* $351 $391 $401 5.8% -

DROMANA* $268 $310 $335 6.9% -

EAGLEHAWK* $205 $225 $240 0.0% -

EAST GEELONG* $276 $310 $330 0.0% 6.9%

ECHUCA* $245 $280 $310 5.8% 14.3%

ELWOOD* $428 $527 $636 9.9% -4.2%

EPPING* $301 $320 $330 0.0% 10.3%










ESSENDON* $335 $370 $420 0.0% -3.9%

FAIRFIELD* $415 $480 $491 0.0% -8.1%

FAWKNER* $300 $320 $369 0.0% -4.5%

FERNTREE GULLY* $320 $335 $345 - 1.5%

FITZROY $550 $595 $650 2.2% -0.8%

FITZROY NORTH $520 $580 $636 3.2% 5.3%

FLEMINGTON* $443 $460 $500 0.0% -3.2%

FOOTSCRAY $370 $400 $425 -0.1% 2.5%

FRANKSTON* $264 $293 $325 -1.9% 1.6%

GEELONG* $295 $320 $360 -5.9% 0.0%

GEELONG WEST* $294 $320 $353 0.0% 0.0%

GISBORNE* $300 $320 $333 0.0% 0.0%

GLEN IRIS* $388 $465 $535 -4.1% 0.0%

GLENROY* $300 $325 $340 0.0% -1.5%

GOLDEN SQUARE* $220 $240 $265 4.3% -4.0%

HAMILTON* $168 $210 $235 0.0% 5.0%

HAMPTON* $450 $511 $591 7.6% 12.7%

HAMPTON EAST* $400 $450 $500 0.0% 7.1%

HAWTHORN* $450 $500 $588 -4.7% 0.1%

HAWTHORN EAST* $462 $525 $578 0.6% 7.1%

HEATHMONT* $333 $361 $380 2.3% 1.7%

HEIDELBERG* $338 $389 $443 0.0% -

HEIDELBERG HEIGHTS* $316 $346 $376 -1.1% 3.3%

HEIDELBERG WEST* $300 $310 $321 2.9% 2.9%

HIGHETT* $400 $405 $416 - 5.9%

HIGHTON* $260 $270 $295 0.0% -1.8%

HOPPERS CROSSING* $275 $286 $301 -1.4% -0.9%

HUGHESDALE* $385 $400 $442 - 1.3%

IVANHOE* $350 $416 $481 6.6% 3.9%

KENNINGTON* $228 $260 $330 - -8.8%

KENSINGTON* $458 $500 $543 0.0% -3.8%

KEW* $480 $545 $594 5.8% 9.0%

LALOR* $280 $311 $320 0.4% 7.3%

LAVERTON* $290 $320 $370 1.6% 6.7%

LILYDALE* $293 $333 $349 0.0% 0.0%

MACLEOD* $281 $330 $370 -2.9% -

MAFFRA* $198 $218 $236 -3.3% -1.1%

MALVERN* $522 $600 $670 3.4% 3.7%

MALVERN EAST* $425 $490 $550 3.2% 11.4%

MARIBYRNONG* $370 $388 $450 - 4.7%

MENTONE* $340 $370 $444 - -

MERNDA* $269 $280 $299 0.0% -6.7%

MIDDLE PARK* $602 $652 $795 1.5% 0.3%

MILDURA $210 $230 $250 0.0% 1.1%

MILL PARK* $300 $320 $340 3.2% 6.7%

MITCHAM* $353 $380 $403 2.7% 2.7%

MOE* $170 $190 $225 - 2.7%

MOONEE PONDS* $395 $450 $480 0.0% 7.0%

MORNINGTON* $320 $350 $384 0.0% 0.0%

MORWELL* $150 $180 $200 0.0% 0.0%

MOUNT WAVERLEY* $380 $396 $428 1.1% -1.1%

MURRUMBEENA* $410 $435 $480 0.0% 3.6%

MYRTLEFORD* $200 $233 $250 1.1% 1.1%

NEWPORT* $370 $410 $450 0.0% 3.9%

NEWTOWN (GEELONG)* $295 $335 $373 1.5% 8.1%

NIDDRIE* $325 $340 $351 - -

NOBLE PARK* $288 $311 $331 0.0% 3.5%

NORLANE* $215 $225 $243 -1.1% 0.0%

NORTH MELBOURNE* $440 $480 $534 0.0% 3.2%





NORTHCOTE $480 $531 $569 5.8% 1.7%

NUNAWADING* $340 $380 $413 1.0% 0.0%

OAKLEIGH* $369 $406 $456 5.2% -

PASCOE VALE* $330 $351 $396 -1.2% 0.3%


POINT COOK* $311 $320 $333 0.1% 1.7%

PORT MELBOURNE $492 $562 $652 0.0% 7.7%

PRAHRAN $493 $597 $695 6.6% 8.5%

PRESTON $350 $390 $420 2.6% 5.3%

RESERVOIR $309 $330 $350 0.0% 0.0%

RICHMOND $520 $572 $640 0.9% 1.8%

RINGWOOD* $321 $346 $365 1.5% 0.0%

RINGWOOD EAST* $322 $338 $363 1.5% -0.6%

ROSANNA* $344 $381 $421 0.3% 16.0%

ROSEBUD* $265 $281 $301 0.0% 4.1%

RYE* $280 $290 $315 0.0% 3.6%

SALE* $200 $260 $285 13.0% 8.3%

SEAFORD* $284 $318 $341 1.4% 7.6%

SEBASTOPOL* $220 $240 $250 0.0% 3.2%

SEDDON* $430 $450 $488 -3.3% 0.0%

SHEPPARTON* $200 $238 $250 -1.0% 3.3%

SOUTH MELBOURNE $502 $588 $652 1.1% 6.6%

SOUTH YARRA* $505 $600 $671 0.3% -0.3%

SPOTSWOOD* $365 $393 $415 0.6% -

SPRINGVALE* $295 $315 $345 4.6% 8.6%

SPRINGVALE SOUTH* $290 $300 $308 3.4% -

ST ALBANS* $268 $286 $320 4.0% 5.7%

ST KILDA* $498 $550 $590 -3.9% 4.8%

ST KILDA EAST* $478 $550 $580 0.0% -0.4%

SUNBURY* $270 $295 $315 0.0% 1.7%

SUNSHINE* $265 $305 $348 -1.6% 4.2%

TARNEIT* $290 $300 $310 -0.2% -

TATURA* $218 $225 $250 2.3% -

THOMASTOWN* $265 $305 $326 1.7% 1.7%

THORNBURY $450 $490 $537 -2.2% 2.4%

TOORAK* $456 $502 $641 -4.1% -

TRARALGON* $210 $240 $270 4.4% 4.4%

WANGARATTA* $195 $215 $245 - -10.5%

WARRAGUL* $243 $250 $280 0.0% 1.6%

WARRNAMBOOL* $245 $280 $298 -2.6% 16.7%

WATSONIA* $335 $350 $360 0.0% -

WENDOUREE* $200 $235 $258 14.6% 17.5%

WERRIBEE* $260 $285 $311 5.2% 9.4%

WEST FOOTSCRAY* $339 $375 $398 1.4% 2.8%

WEST MELBOURNE* $446 $462 $513 0.4% 2.6%

WILLIAMSTOWN* $400 $460 $520 7.0% 2.2%

WINDSOR* $480 $545 $624 3.8% 11.2%

WODONGA* $220 $233 $275 0.0% -1.1%

YARRAVILLE* $400 $443 $494 3.0% 2.8%







ABBOTSFORD* $687 $738 $875 9.3% 13.5%

ABERFELDIE* $390 $473 $538 9.9% -

AIRPORT WEST* $340 $370 $401 2.8% 5.3%

ALBANVALE* $300 $301 $321 -3.0% 0.3%

ALBERT PARK* $827 $953 $1,139 1.2% 5.5%

ALFREDTON $300 $310 $331 0.0% 0.0%

ALPHINGTON* $545 $608 $743 10.1% 10.1%

ALTONA MEADOWS $330 $350 $364 0.0% 2.8%

ALTONA NORTH $364 $390 $443 0.5% -2.4%

ALTONA* $360 $396 $450 -0.5% 1.5%

ARMADALE* $750 $850 $990 6.3% 15.6%

ARMSTRONG CREEK* $345 $350 $380 0.0% -

ASCOT VALE $469 $550 $600 -1.8% 0.0%

ASHBURTON* $453 $525 $658 -1.9% 8.6%

ASHWOOD* $380 $430 $491 -2.3% -10.6%

ASPENDALE GARDENS* $421 $480 $496 0.0% 4.3%

ASPENDALE* $420 $450 $580 -4.8% 0.0%

AVONDALE HEIGHTS* $331 $380 $393 3.2% 5.6%

BAIRNSDALE $260 $290 $330 -1.7% 3.6%

BALLARAT CENTRAL $250 $280 $310 0.0% -0.1%

BALLARAT EAST* $260 $270 $290 0.0% 1.9%

BALLARAT NORTH* $260 $280 $320 0.0% 0.9%

BALWYN NORTH $470 $530 $590 0.0% 6.7%

BALWYN* $490 $530 $682 -1.0% -3.6%

BARWON HEADS* $338 $410 $450 2.5% 7.9%

BAYSWATER $350 $380 $410 0.0% 5.6%

BAYSWATER NORTH* $365 $380 $395 2.7% 2.0%

BEAUMARIS* $543 $650 $850 8.3% 2.8%

BELL POST HILL* $310 $325 $350 -0.8% 0.0%

BELLFIELD (GREATER MELBOURNE)* $331 $360 $391 2.9% 2.9%

BELMONT $313 $350 $370 6.1% 7.7%

BENALLA* $240 $270 $284 3.8% 3.8%

BENDIGO $254 $280 $330 0.0% 0.0%

BENTLEIGH $460 $550 $650 4.8% 14.6%

BENTLEIGH EAST $420 $452 $520 0.0% -0.8%

BERWICK $340 $360 $400 -2.7% 0.7%

BLACK ROCK* $580 $700 $900 7.8% 3.0%

BLACKBURN NORTH* $380 $421 $440 2.6% 8.0%

BLACKBURN SOUTH* $393 $430 $476 2.4% 4.8%

BLACKBURN* $370 $401 $495 -2.3% -2.2%

BONBEACH* $400 $428 $484 0.6% -5.0%

BORONIA $350 $375 $400 0.0% 4.1%

BOX HILL NORTH* $382 $418 $490 1.8% -1.2%

BOX HILL SOUTH* $393 $470 $550 0.0% -3.1%

BOX HILL* $400 $450 $530 -2.9% -5.3%

BRAYBROOK* $315 $360 $395 1.4% 4.3%

BRIGHT* $295 $310 $350 3.3% 12.7%

BRIGHTON $706 $850 $1,000 0.0% 3.0%

BRIGHTON EAST $525 $650 $795 0.0% -3.7%

BROADMEADOWS* $300 $310 $340 -1.6% 0.1%

BROOKFIELD* $290 $300 $320 0.0% 1.5%

BROWN HILL* $270 $288 $309 -2.5% 2.7%

BRUNSWICK $594 $650 $700 2.8% 8.0%

BRUNSWICK EAST* $600 $675 $700 3.8% 12.1%

BRUNSWICK WEST* $490 $550 $612 10.0% 0.0%

BULLEEN* $395 $430 $480 0.0% 4.5%

BUNDOORA $350 $380 $450 1.1% 2.7%

BUNINYONG* $295 $300 $320 -3.2% -10.4%

BURNSIDE HEIGHTS* $380 $385 $400 -0.6% 1.3%








SUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGEBURWOOD EAST $390 $420 $456 0.0% 0.0%

BURWOOD* $396 $430 $499 0.0% 4.9%

CAIRNLEA* $368 $416 $429 6.2% 9.4%

CALIFORNIA GULLY* $254 $265 $278 0.0% -5.4%

CAMBERWELL $538 $625 $754 -2.3% 0.4%

CANADIAN* $273 $310 $345 0.0% 3.3%

CANTERBURY* $637 $718 $816 -4.6% 2.2%

CAPE PATERSON* $250 $261 $296 0.0% -

CAPE WOOLAMAI* $281 $310 $330 3.3% -

CAPEL SOUND* $310 $326 $354 1.7% 8.5%

CARLTON NORTH $632 $686 $751 -0.9% -2.0%

CARLTON* $700 $763 $838 1.3% 1.7%

CARNEGIE* $480 $515 $580 -3.7% -6.4%

CAROLINE SPRINGS $350 $380 $395 2.7% 4.6%

CARRUM DOWNS $340 $355 $375 1.4% 4.4%

CARRUM* $395 $425 $451 0.0% 6.3%

CASTLEMAINE $300 $320 $349 0.0% 3.2%

CAULFIELD NORTH* $620 $700 $750 -6.6% 2.6%

CAULFIELD SOUTH* $556 $645 $743 3.9% 11.2%

CHADSTONE $367 $398 $478 -3.0% -5.7%

CHELSEA* $395 $428 $538 -6.0% -2.8%

CHELTENHAM $420 $460 $550 1.9% 2.2%

CHIRNSIDE PARK* $376 $400 $430 0.0% -0.3%

CHURCHILL* $100 $208 $223 -1.2% -6.7%

CLARINDA* $363 $388 $434 1.8% 3.3%

CLAYTON* $360 $399 $443 2.3% 4.8%

CLIFTON HILL* $688 $728 $826 2.5% 5.9%

CLIFTON SPRINGS* $298 $315 $340 -6.0% -1.6%

CLYDE NORTH* $361 $370 $385 0.0% 2.1%

COBURG $450 $500 $550 1.5% 2.0%

COBURG NORTH* $373 $400 $450 0.5% 0.0%

COCKATOO* $346 $353 $380 -7.2% 0.7%

COLAC $260 $280 $300 0.0% 3.7%

COLLINGWOOD* $616 $720 $829 -1.2% 0.0%

COOLAROO* $300 $315 $331 - 4.9%

CORIO $240 $260 $284 0.0% 2.0%

COWES* $268 $285 $303 -5.0% 5.6%

CRAIGIEBURN $330 $350 $360 2.2% 6.1%

CRANBOURNE $310 $330 $360 0.0% 2.3%

CRANBOURNE EAST* $353 $370 $375 0.7% 4.2%

CRANBOURNE NORTH* $335 $360 $380 0.0% 9.0%

CRANBOURNE WEST* $330 $350 $370 0.0% 2.9%

CRESWICK* $260 $300 $330 3.4% -

CROYDON $368 $395 $440 1.3% 1.3%

CROYDON HILLS* $405 $460 $496 2.2% 2.2%

CROYDON NORTH* $378 $400 $416 0.0% 0.0%

CROYDON SOUTH* $355 $403 $458 -1.8% 8.8%

DALLAS* $300 $310 $330 3.3% 3.3%

DANDENONG $300 $330 $352 0.0% -1.7%

DANDENONG NORTH $321 $350 $375 0.0% 6.0%

DEER PARK $311 $331 $350 1.9% 3.4%

DELACOMBE* $281 $303 $324 4.4% 6.2%

DELAHEY* $341 $350 $361 0.0% 2.9%

DERRIMUT* $360 $383 $401 6.4% 9.5%

DIAMOND CREEK* $401 $421 $471 5.2% 8.0%

DINGLEY VILLAGE* $395 $430 $508 -1.1% -2.3%

DONCASTER $400 $450 $500 0.7% 3.9%

DONCASTER EAST $400 $450 $520 0.7% 1.1%

DONVALE* $380 $400 $430 0.0% -0.2%






SUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGEDOREEN $330 $351 $365 0.0% 0.2%

DOVETON $290 $305 $330 0.0% 5.1%

DROMANA* $335 $370 $405 2.8% 5.0%

DROUIN* $280 $300 $320 0.0% 3.4%

EAGLEHAWK* $240 $270 $300 0.0% 2.4%

EAST GEELONG* $300 $353 $389 10.1% 8.4%

ECHUCA $283 $320 $350 1.6% -2.3%

EDITHVALE* $340 $400 $443 0.0% -10.6%

ELTHAM NORTH* $396 $484 $503 0.0% -5.4%

ELTHAM* $401 $442 $502 2.7% 3.9%

ELWOOD* $706 $803 $950 3.9% 1.9%

ENDEAVOUR HILLS* $340 $351 $370 2.3% 3.1%

EPPING $325 $350 $360 0.0% 2.9%

EPSOM* $300 $320 $350 0.0% 1.6%

ESSENDON $433 $480 $585 5.0% 6.5%

FAIRFIELD* $500 $578 $655 4.8% -0.4%

FAWKNER* $350 $375 $396 3.8% 4.2%

FERNTREE GULLY $360 $380 $408 0.0% 0.0%

FITZROY NORTH $689 $746 $844 3.6% 6.6%

FITZROY* $750 $799 $950 -1.6% 5.6%

FLEMINGTON* $480 $620 $688 13.8% 6.9%

FLORA HILL* $269 $290 $303 0.0% 3.6%

FOOTSCRAY* $430 $460 $520 2.3% 8.3%

FOREST HILL* $380 $400 $414 0.0% 3.9%

FRANKSTON $320 $345 $380 1.5% 2.8%

FRANKSTON NORTH* $278 $285 $300 1.4% 1.8%

FRANKSTON SOUTH* $373 $420 $445 1.2% 10.5%

GEELONG WEST* $340 $398 $463 7.4% 7.4%

GEELONG* $330 $413 $490 -0.6% 3.1%

GISBORNE $360 $390 $440 0.0% 2.6%

GLADSTONE PARK* $330 $360 $380 2.9% 5.9%

GLEN IRIS* $558 $710 $850 2.2% 9.2%

GLEN WAVERLEY $400 $431 $485 0.2% -0.2%

GLENROY $340 $370 $395 2.8% 5.7%

GOLDEN SQUARE* $260 $290 $320 5.9% 0.0%

GOWANBRAE* $395 $425 $445 2.4% 6.3%

GREENSBOROUGH* $381 $400 $450 0.0% 0.0%

GREENVALE* $360 $380 $395 0.0% -1.3%

GROVEDALE* $320 $350 $370 0.0% 2.9%

HALLAM* $325 $350 $360 0.0% 1.4%

HAMILTON $210 $250 $275 0.0% 4.2%

HAMLYN HEIGHTS* $300 $343 $358 -0.7% 3.8%

HAMPTON EAST* $450 $495 $593 0.0% -1.2%

HAMPTON PARK* $315 $328 $350 -2.2% -0.8%

HAMPTON* $565 $683 $822 0.4% 8.3%

HASTINGS* $300 $330 $355 1.5% 6.4%

HAWTHORN $635 $698 $850 -0.4% -0.4%

HAWTHORN EAST* $594 $684 $750 0.9% 0.5%

HEALESVILLE* $350 $380 $393 - 9.8%

HEATHCOTE* $260 $280 $320 -6.7% -

HEATHERTON* $470 $530 $577 6.4% -

HEATHMONT* $380 $400 $431 0.0% 0.9%

HEIDELBERG HEIGHTS* $320 $364 $414 3.5% 0.7%

HEIDELBERG WEST* $321 $336 $354 1.3% 1.5%

HEIDELBERG* $391 $420 $473 -2.6% -6.7%

HERNE HILL* $305 $325 $348 -4.4% 1.6%

HEYFIELD* $203 $240 $258 4.3% 9.1%

HIGHETT* $450 $480 $600 0.0% -4.0%

HIGHTON* $340 $370 $410 0.0% -1.4%






SUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGEHILLSIDE (GREATER MELBOURNE)* $336 $356 $370 -1.2% 0.0%

HOPPERS CROSSING $303 $320 $336 1.2% 3.2%

HUGHESDALE* $405 $450 $538 -0.3% 1.1%

HUNTINGDALE* $371 $390 $470 0.5% -

HURSTBRIDGE* $361 $401 $431 0.0% 0.0%

IVANHOE* $440 $495 $600 2.9% 5.0%

JACANA* $300 $320 $320 0.0% 4.8%

JAN JUC* $400 $450 $495 0.0% 0.0%

KANGAROO FLAT* $275 $295 $320 1.7% 3.5%

KEALBA* $329 $345 $364 4.5% 7.6%

KEILOR DOWNS* $338 $370 $391 5.3% 8.0%

KEILOR EAST $340 $380 $430 -1.3% 4.1%

KENNINGTON* $258 $295 $320 -0.8% -1.7%

KENSINGTON* $550 $600 $650 0.0% -3.2%

KEW $550 $630 $740 0.5% -3.0%

KEW EAST* $595 $632 $652 5.4% 26.4%

KEYSBOROUGH $360 $380 $420 0.0% 2.7%

KILSYTH* $360 $390 $420 0.0% 2.5%

KINGS PARK* $311 $321 $350 0.0% 3.4%

KINGSBURY* $328 $360 $390 0.0% 1.3%

KINGSVILLE* $398 $500 $588 0.4% 6.5%

KNOXFIELD* $360 $380 $400 -0.3% 1.3%

KURUNJANG* $270 $290 $300 3.6% 5.5%

KYABRAM* $229 $260 $300 -7.1% 8.3%

KYNETON* $320 $340 $358 -0.7% -

LAKE GARDENS* $299 $303 $343 -2.4% -0.8%

LAKE WENDOUREE* $263 $300 $385 -3.2% -13.1%

LALOR $304 $333 $350 0.9% 4.1%

LANGWARRIN* $350 $370 $390 2.8% 8.8%

LARA $320 $340 $365 0.0% 3.0%

LAVERTON $300 $320 $350 0.0% 3.2%

LEOPOLD* $350 $370 $380 0.7% 4.9%

LILYDALE* $335 $360 $413 -3.4% -2.9%

LONG GULLY* $250 $265 $280 - 1.9%

LUCAS* $320 $320 $330 - -

LYNBROOK* $365 $380 $388 - -

LYNDHURST* $371 $390 $425 0.6% 2.6%

LYSTERFIELD* $360 $375 $450 -1.9% -

MACLEOD* $361 $391 $445 0.2% 2.8%

MAFFRA $240 $260 $280 0.0% 0.0%

MAIDSTONE* $390 $420 $450 0.0% 13.5%

MALDON* $264 $285 $320 3.6% -

MALVERN EAST $465 $550 $690 1.0% -3.4%

MALVERN* $749 $814 $900 4.4% 8.5%

MARIBYRNONG* $416 $455 $570 -1.1% 7.1%

MARSHALL* $355 $373 $384 0.0% -

MCCRAE* $361 $400 $450 0.7% 2.6%

MCKINNON* $480 $530 $673 -6.4% -3.8%

MEADOW HEIGHTS* $320 $330 $360 0.0% 6.3%

MELTON $260 $280 $290 0.0% 6.7%

MELTON SOUTH $260 $270 $295 0.2% 3.6%

MELTON WEST $275 $295 $311 0.9% 3.5%

MENTONE* $436 $495 $553 -1.0% 0.5%

MERNDA $330 $340 $350 0.0% 2.1%

MIDDLE PARK* $622 $838 $1,062 0.0% 2.8%

MILDURA $260 $290 $330 0.0% 3.6%

MILL PARK $339 $358 $376 2.1% 5.1%

MINERS REST* $310 $330 $340 4.8% 6.5%

MITCHAM $380 $410 $454 0.0% 0.0%





SUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGEMOE* $198 $220 $255 0.0% -4.3%

MONT ALBERT NORTH* $426 $475 $600 -0.5% 5.6%

MONTMORENCY* $386 $421 $492 -2.2% -3.4%

MONTROSE* $343 $383 $400 0.0% -

MOONEE PONDS $475 $530 $600 6.0% 1.9%

MOORABBIN* $433 $460 $493 2.2% 2.2%

MOOROOLBARK $360 $395 $420 3.6% 3.9%

MOOROOPNA* $250 $273 $295 -2.7% 4.8%

MORDIALLOC* $408 $520 $584 0.0% 4.0%

MORNINGTON $350 $400 $450 1.3% 2.6%

MORWELL $169 $200 $233 0.0% -13.0%

MOUNT CLEAR* $265 $300 $330 -3.2% -1.6%

MOUNT ELIZA* $471 $505 $550 -1.0% -4.7%

MOUNT EVELYN* $350 $380 $400 2.7% 1.3%

MOUNT HELEN* $283 $300 $330 0.8% -

MOUNT MARTHA $395 $450 $509 2.1% 2.3%

MOUNT PLEASANT* $255 $280 $300 0.0% -

MOUNT WAVERLEY $399 $444 $495 0.9% 6.4%

MULGRAVE $370 $401 $450 0.4% 2.7%

MURRUMBEENA* $460 $520 $580 3.0% 7.8%

MYRTLEFORD* $255 $270 $295 0.0% 0.0%

NAGAMBIE* $250 $280 $350 -9.7% -12.5%

NARRE WARREN SOUTH* $360 $375 $390 -1.3% 5.6%

NARRE WARREN* $330 $350 $380 0.0% 6.1%

NEWBOROUGH* $250 $275 $285 - 5.8%

NEWCOMB* $280 $300 $329 1.7% 5.2%

NEWINGTON* $278 $320 $338 6.7% 9.4%

NEWPORT* $391 $460 $528 -3.2% -4.2%

NEWTOWN (GEELONG)* $340 $375 $450 1.4% 1.4%

NIDDRIE* $356 $395 $444 1.3% -7.1%

NOBLE PARK $320 $350 $360 0.0% 2.9%

NOBLE PARK NORTH* $340 $350 $365 0.0% 2.9%

NORLANE* $230 $250 $280 2.0% 4.2%

NORTH BENDIGO* $250 $285 $300 0.0% -1.7%

NORTH GEELONG* $280 $300 $330 3.5% -1.6%

NORTH MELBOURNE* $600 $650 $750 2.8% 2.8%

NORTHCOTE $580 $630 $700 -1.6% -0.4%

NOTTING HILL* $365 $401 $483 - -

NUNAWADING* $377 $395 $450 0.0% 1.3%

OAK PARK* $365 $395 $430 0.0% 0.6%

OAKLEIGH EAST* $375 $407 $449 -1.9% -0.9%

OAKLEIGH SOUTH* $406 $450 $466 0.0% 0.0%

OAKLEIGH* $423 $463 $518 0.4% 4.1%

OCEAN GROVE* $365 $393 $424 3.3% 12.2%

OFFICER* $346 $360 $369 0.0% 2.9%

ORMOND* $530 $580 $704 0.0% 5.5%

PAKENHAM $320 $335 $354 1.5% 4.7%

PARKDALE* $469 $538 $628 2.4% 2.4%

PARKVILLE* $625 $740 $785 -1.3% -5.1%

PASCOE VALE $361 $393 $470 2.0% 3.1%


PATTERSON LAKES* $445 $590 $685 - 22.9%

PLUMPTON* $361 $396 $416 4.1% 9.8%

POINT COOK $360 $375 $400 1.4% 4.2%

POINT LONSDALE* $360 $370 $405 0.0% 5.7%

POREPUNKAH* $258 $305 $393 1.7% -

PORT MELBOURNE $703 $825 $903 8.2% 3.4%

PORTLAND* $197 $220 $255 0.0% -4.4%

PRAHRAN $635 $750 $851 1.4% 3.4%






Median weekly rents, 3 Bedroom House, VictoriaSUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGE

PRESTON $400 $450 $480 0.0% 3.3%

QUARRY HILL* $250 $293 $325 1.0% -5.5%

RED CLIFFS* $256 $270 $303 0.0% 1.9%

REDAN* $250 $250 $280 0.0% -2.0%

RESERVOIR $340 $365 $410 1.4% 1.4%

RICHMOND $691 $773 $840 0.8% 6.9%

RIDDELLS CREEK* $314 $358 $400 2.1% -

RINGWOOD $370 $401 $450 0.2% 0.2%

RINGWOOD EAST* $360 $386 $430 1.3% 1.5%

RINGWOOD NORTH* $398 $440 $480 2.2% 2.3%

ROCHESTER* $229 $265 $290 6.0% 6.0%

ROSANNA* $371 $410 $475 -4.7% 10.4%

ROSEBUD $310 $330 $350 0.0% 3.1%

ROWVILLE $380 $400 $440 0.9% 0.0%

ROXBURGH PARK $340 $355 $380 1.4% 1.4%

RYE $300 $330 $360 1.5% 3.1%

SAFETY BEACH* $350 $415 $520 9.2% 11.4%

SALE $260 $290 $333 0.0% 0.0%

SANDRINGHAM* $608 $750 $820 0.0% 7.5%

SCORESBY* $353 $380 $393 0.0% -0.3%

SEABROOK* $320 $350 $380 -1.4% 2.9%

SEAFORD $321 $350 $383 0.0% 0.0%

SEBASTOPOL $236 $265 $280 0.0% 1.9%

SEDDON* $488 $560 $630 7.7% 11.9%

SEYMOUR* $228 $265 $290 -2.8% 1.9%

SHEPPARTON $250 $283 $320 0.0% -0.9%

SKYE* $320 $350 $375 0.0% -2.1%

SOLDIERS HILL* $250 $280 $295 -3.4% -5.1%

SOMERVILLE* $345 $375 $393 0.0% 7.1%

SOUTH MELBOURNE* $727 $816 $902 2.0% 0.8%

SOUTH MORANG* $343 $360 $370 0.0% 1.4%

SOUTH YARRA* $683 $850 $1,177 -9.1% -4.8%

SPOTSWOOD* $399 $445 $483 -5.3% -7.3%

SPRINGVALE $340 $370 $392 0.0% 5.7%

SPRINGVALE SOUTH* $350 $360 $380 1.4% 5.9%

ST ALBANS $301 $321 $348 0.3% 3.4%

ST KILDA EAST* $600 $675 $766 3.8% 3.7%

ST KILDA* $600 $675 $800 0.0% 1.9%

STAWELL* $190 $230 $259 2.2% 4.5%

STRATFORD* $250 $290 $320 -1.7% -

STRATHDALE* $283 $310 $325 0.0% -3.1%

STRATHMORE* $431 $463 $545 2.8% 2.8%

SUNBURY $310 $325 $350 0.0% 1.6%

SUNSHINE NORTH* $320 $330 $348 0.0% 3.1%

SUNSHINE WEST* $300 $330 $361 0.1% 3.1%

SUNSHINE* $300 $360 $390 0.0% 2.8%

SURREY HILLS* $480 $520 $652 -5.5% -11.1%

SYDENHAM* $340 $351 $380 0.1% 0.0%

TARNEIT $330 $350 $360 0.0% 9.0%

TATURA* $255 $280 $290 3.7% -

TAYLORS HILL* $362 $370 $389 0.1% -0.1%

TAYLORS LAKES* $350 $390 $401 2.5% 8.2%

TEMPLESTOWE LOWER* $401 $450 $493 0.0% 2.3%

TEMPLESTOWE* $450 $500 $540 0.0% 6.4%

THOMASTOWN $310 $330 $360 0.0% 0.0%

THORNBURY $520 $570 $650 0.0% 3.6%

TOORAK* $751 $1,050 $1,350 17.3% 16.7%

TOOTGAROOK* $310 $345 $370 4.5% 9.5%

TORQUAY $435 $460 $500 2.2% 8.8%





Median weekly rents, 4 Bedroom House, VictoriaSUBURB LOWER QUARTILE MEDIAN RENT DEC-16 UPPER QUARTILE QUARTER % CHANGE ANNUAL % CHANGEALBERT PARK* $951 $972 $1,179 0.0% -1.9%

ALFREDTON* $325 $360 $428 -8.9% -1.4%

ALTONA MEADOWS* $368 $385 $440 -1.2% -

ARMSTRONG CREEK* $390 $400 $400 1.3% 2.6%

ASCOT VALE* $595 $650 $843 -7.1% -7.1%

ASHBURTON* $658 $875 $1,025 - -

ASHWOOD* $445 $585 $707 7.8% -

BAIRNSDALE* $328 $350 $366 0.0% 1.4%

BALLARAT CENTRAL* $288 $350 $420 6.1% 9.4%

BALWYN* $652 $823 $1,026 2.8% -1.4%

BALWYN NORTH* $534 $660 $895 3.2% 1.6%

BAYSWATER* $400 $420 $440 0.0% 0.0%

BEAUMARIS* $795 $940 $1,250 1.1% 17.9%

BELMONT* $350 $400 $410 8.1% 8.1%

BENDIGO* $278 $350 $370 9.4% 9.4%

BENTLEIGH* $650 $700 $844 -1.4% -14.6%

BENTLEIGH EAST* $491 $617 $699 -1.0% 6.4%

BERWICK $408 $428 $496 1.8% 1.8%

BLACK ROCK* $652 $800 $1,200 -13.0% -

BLACKBURN* $468 $520 $635 -10.3% -3.7%

BLACKBURN NORTH* $443 $478 $544 - -

BLACKBURN SOUTH* $470 $550 $595 2.6% 14.6%

BORONIA* $380 $400 $433 0.0% -5.0%

BOTANIC RIDGE* $486 $505 $539 1.0% -

BOX HILL* $555 $660 $749 4.6% 9.6%

BOX HILL NORTH* $450 $500 $700 8.7% -7.4%

TRAFALGAR* $276 $300 $320 0.0% -1.6%

TRARALGON $250 $280 $310 0.0% 3.7%

TRUGANINA $335 $350 $360 0.0% 2.9%

TULLAMARINE* $325 $380 $398 15.1% 11.8%

VERMONT* $385 $410 $430 2.5% 2.5%

VIEWBANK* $410 $426 $523 -1.2% -2.1%

WANGARATTA* $250 $280 $290 0.0% 3.6%

WANTIRNA $370 $395 $430 0.0% -0.1%

WANTIRNA SOUTH $370 $400 $430 0.0% 2.2%

WARRAGUL $270 $290 $325 0.0% 3.6%

WARRNAMBOOL $300 $340 $360 0.0% 6.3%

WATSONIA* $358 $385 $414 1.3% 5.3%

WAURN PONDS* $348 $375 $396 - -

WENDOUREE $240 $260 $280 0.0% 0.0%

WERRIBEE $290 $310 $330 1.3% 5.1%

WEST FOOTSCRAY* $380 $450 $520 10.5% 7.2%

WESTMEADOWS* $324 $355 $370 4.4% 8.4%

WHEELERS HILL* $376 $400 $447 -4.8% 0.6%

WHITE HILLS* $268 $280 $320 1.8% 3.7%

WILLIAMS LANDING $360 $390 $410 0.0% 2.6%

WILLIAMSTOWN* $485 $577 $670 1.3% -0.5%

WINDSOR* $726 $800 $845 1.6% 14.3%

WODONGA $266 $290 $325 0.0% -6.5%

WOLLERT* $340 $355 $370 -1.4% 4.4%

WONTHAGGI* $250 $271 $291 0.0% 8.0%

WOODEND* $323 $355 $399 6.0% 0.0%

WYNDHAM VALE $300 $310 $331 1.3% 3.3%

YALLAMBIE* $353 $383 $424 -2.6% -1.3%

YARRAVILLE $430 $490 $570 0.0% 2.1%

YARRAWONGA* $275 $315 $350 5.0% -








BRIGHTON $1,200 $1,500 $1,738 0.0% 20.0%

BRIGHTON EAST* $751 $950 $1,200 -3.1% -1.2%

BROOKFIELD $320 $340 $350 0.0% 0.0%

BRUNSWICK* $683 $785 $858 4.5% 2.6%

BRUNSWICK WEST* $578 $640 $743 -1.5% -8.6%

BULLEEN* $416 $495 $578 -1.4% -4.8%

BUNDOORA $420 $460 $522 0.9% 2.2%

BUNINYONG* $300 $343 $419 2.2% -12.2%

BURNSIDE HEIGHTS* $399 $425 $453 1.2% 2.3%

BURWOOD* $450 $670 $720 6.3% 14.8%

BURWOOD EAST* $420 $493 $520 2.8% 10.2%

CAIRNLEA* $420 $451 $479 0.2% 7.2%

CAMBERWELL $775 $898 $1,005 -0.1% 5.7%

CAMPBELLS CREEK* $364 $400 $420 3.9% -

CANADIAN* $360 $395 $484 - -

CANTERBURY* $891 $1,040 $1,225 -1.0% 4.0%

CARLTON NORTH* $861 $903 $1,000 0.4% 0.4%

CARNEGIE* $622 $808 $908 -1.5% 0.9%

CAROLINE SPRINGS $413 $450 $500 0.0% 4.7%

CARRUM DOWNS* $390 $400 $448 0.0% 2.6%

CASTLEMAINE* $350 $385 $435 0.7% -1.3%

CAULFIELD NORTH* $730 $844 $1,088 -6.2% -19.6%

CAULFIELD SOUTH* $740 $813 $938 - 8.2%

CHADSTONE* $465 $538 $674 1.4% 6.4%

CHELTENHAM* $595 $650 $750 2.4% 18.2%

CLAYTON* $380 $460 $543 - 9.7%

CLIFTON SPRINGS* $323 $353 $378 0.7% -0.7%

CLYDE NORTH* $385 $400 $415 0.0% 1.3%

COBURG* $550 $610 $735 5.2% 2.5%

COWES* $340 $350 $380 0.0% 0.0%

CRAIGIEBURN $375 $400 $420 2.6% 5.3%

CRANBOURNE* $360 $370 $420 0.7% -1.3%

CRANBOURNE EAST* $378 $400 $410 2.6% 2.6%

CRANBOURNE NORTH* $380 $400 $420 0.0% 5.3%

CRANBOURNE WEST* $395 $400 $428 0.0% 2.6%

CROYDON* $405 $450 $515 0.0% 0.0%

CROYDON HILLS* $472 $500 $550 -0.2% 0.0%

CURLEWIS* $369 $385 $405 - -

DANDENONG* $354 $400 $436 4.9% 2.2%

DANDENONG NORTH* $360 $401 $452 0.0% -4.6%

DEER PARK* $356 $371 $395 0.4% -1.0%

DELACOMBE* $330 $365 $398 1.4% 3.5%

DERRIMUT* $400 $436 $451 -3.2% 6.3%

DINGLEY VILLAGE* $471 $528 $608 0.5% 3.4%

DONCASTER $480 $524 $609 0.8% 2.5%

DONCASTER EAST $480 $530 $600 4.7% -5.5%

DONVALE* $478 $520 $579 -6.0% -7.7%

DOREEN $360 $376 $400 0.3% 1.3%

DROUIN* $330 $350 $360 0.0% 2.9%

DRYSDALE* $350 $365 $410 - -

EAGLEHAWK* $310 $340 $350 - 3.0%

ECHUCA* $385 $435 $468 -1.2% 16.0%

ELTHAM* $495 $547 $580 1.3% 5.2%

EMERALD* $440 $523 $545 - -

ENDEAVOUR HILLS* $385 $425 $460 8.3% 11.8%

EPPING* $370 $391 $413 0.0% 0.2%

EPSOM* $321 $333 $350 0.8% -5.0%

ESSENDON* $455 $585 $900 16.6% 11.4%

FAIRFIELD* $795 $950 $974 - -






FERNTREE GULLY* $388 $455 $499 1.1% 5.8%

FITZROY* $850 $1,100 $1,150 - -

FITZROY NORTH* $865 $950 $991 0.0% 0.0%

FOREST HILL* $420 $460 $550 0.0% 2.1%

FRANKSTON* $360 $400 $445 0.0% 8.1%

FRANKSTON SOUTH* $450 $530 $650 0.0% 14.8%

GISBORNE* $450 $490 $540 2.1% 5.4%

GLEN IRIS* $725 $850 $1,100 1.1% 0.0%

GLEN WAVERLEY $480 $530 $602 1.2% 10.4%

GLENROY* $385 $400 $480 -2.4% 0.1%

GREENSBOROUGH* $454 $500 $559 9.7% 11.1%

GREENVALE* $410 $423 $489 -6.1% -4.0%

GROVEDALE* $365 $390 $403 2.6% 1.3%

HAMILTON* $260 $320 $350 10.3% 18.5%

HAMPTON* $884 $1,110 $1,496 0.0% 0.9%

HAWTHORN* $805 $900 $1,202 -9.2% -4.8%

HAWTHORN EAST* $861 $985 $1,188 1.5% 15.9%

HEATHMONT* $429 $491 $521 -1.8% 0.2%

HIGHETT* $750 $834 $1,095 11.9% 26.3%

HIGHTON* $411 $478 $500 0.0% 4.9%

HILLSIDE (GREATER MELBOURNE)* $393 $421 $446 2.4% 5.2%

HOPPERS CROSSING $338 $360 $400 1.2% 2.9%

IVANHOE* $591 $682 $786 4.8% 23.9%

JACKASS FLAT* $310 $320 $320 0.8% -3.0%

KANGAROO FLAT* $315 $350 $365 2.9% 0.0%

KEILOR EAST* $391 $455 $501 1.1% 9.6%

KEW $796 $950 $1,200 0.0% -2.1%

KEW EAST* $750 $880 $950 - -1.9%

KEYSBOROUGH $435 $500 $550 -3.8% -3.8%

KIALLA* $370 $400 $450 0.0% 0.0%

KNOXFIELD* $415 $445 $490 -0.2% -5.3%

KURUNJANG* $308 $325 $341 1.6% 11.1%

KYABRAM* $290 $333 $369 - -

LAKE GARDENS* $350 $380 $400 - -4.4%

LALOR* $371 $400 $450 0.0% 2.6%

LANGWARRIN* $405 $445 $468 -1.1% -1.1%

LARA* $390 $415 $459 1.2% 3.8%

LEOPOLD* $360 $385 $405 0.0% 4.1%

LILYDALE* $445 $460 $540 -8.0% -7.1%

LUCAS* $340 $348 $350 -0.7% -0.7%

LYNBROOK* $398 $420 $445 0.0% -

LYNDHURST* $425 $450 $460 2.3% 7.1%

MAFFRA* $263 $283 $361 - -

MAIDEN GULLY* $358 $365 $393 0.0% -6.4%

MALVERN* $1,030 $1,325 $1,550 0.0% 9.1%

MALVERN EAST* $593 $765 $1,000 -1.9% -9.7%

MARIBYRNONG* $518 $667 $715 6.8% 11.2%

MELTON* $280 $295 $345 -3.3% -3.6%

MELTON SOUTH* $309 $333 $355 3.9% 3.9%

MELTON WEST $330 $350 $360 2.9% 9.4%

MENTONE* $545 $645 $783 4.0% 8.4%

MERNDA $350 $365 $390 -0.7% -2.7%

MIDDLE PARK* $901 $1,302 $1,889 - -

MILDURA $305 $320 $350 0.0% -3.0%

MILL PARK* $400 $425 $450 0.6% 10.4%

MINERS REST* $353 $375 $410 0.0% -

MITCHAM* $408 $475 $550 0.0% 13.1%

MONTMORENCY* $400 $517 $540 14.5% -

MOONEE PONDS* $593 $700 $804 0.7% 7.7%

MOORABBIN* $585 $635 $684 - -






MOOROOPNA* $350 $375 $390 1.4% -

MORNINGTON $455 $520 $548 4.0% 11.2%

MORWELL* $138 $245 $314 -6.7% -14.1%

MOUNT ELIZA* $560 $650 $740 0.0% 16.1%

MOUNT HELEN* $343 $388 $408 -3.1% 2.0%

MOUNT MARTHA $471 $573 $700 -0.4% 16.0%

MOUNT WAVERLEY $480 $530 $600 -2.8% 0.0%

MULGRAVE* $410 $460 $571 -3.3% -4.2%

MURRUMBEENA* $450 $650 $753 -5.5% 4.8%

NARRE WARREN* $373 $410 $425 2.5% 2.5%

NARRE WARREN SOUTH* $400 $420 $450 2.4% 5.0%

NEW GISBORNE* $430 $460 $550 - -

NEWPORT* $583 $645 $695 0.4% -0.8%

NEWTOWN (GEELONG)* $410 $550 $650 - -

NOBLE PARK* $353 $375 $400 -2.6% -2.8%

NORTH MELBOURNE* $751 $900 $973 - -

NORTHCOTE* $750 $790 $853 -1.4% 5.0%

NUNAWADING* $413 $455 $571 - -3.2%

OCEAN GROVE* $413 $435 $478 1.2% 1.2%

OFFICER* $375 $400 $420 0.0% 2.6%

ORMOND* $543 $750 $798 0.0% -8.8%

PAKENHAM $356 $370 $390 0.0% 5.7%

PARKDALE* $520 $690 $763 -2.5% 0.7%

PARKVILLE* $832 $851 $995 - -

PASCOE VALE* $400 $460 $488 1.8% 12.1%

PASCOE VALE SOUTH* $466 $502 $625 -4.6% -

PATTERSON LAKES* $520 $593 $798 0.0% 7.7%

PLUMPTON* $428 $441 $454 2.2% 5.8%

POINT COOK $380 $410 $452 2.4% 2.5%

PORT MELBOURNE* $893 $1,104 $1,200 0.0% 2.5%

PRESTON* $481 $550 $650 4.6% 5.8%

RESERVOIR* $385 $440 $480 2.2% 9.9%

RICHMOND* $819 $938 $1,165 1.8% 4.7%

RINGWOOD* $475 $502 $551 0.4% 4.6%

RINGWOOD EAST* $400 $452 $482 -2.9% -4.4%

RINGWOOD NORTH* $475 $555 $601 0.9% 6.7%

ROSEBUD* $399 $428 $458 4.3% 12.1%

ROWVILLE* $460 $500 $550 0.0% 4.1%

ROXBURGH PARK* $390 $410 $420 2.5% 0.0%

RYE* $380 $428 $475 0.0% 6.9%

SAFETY BEACH* $530 $600 $695 6.2% 9.6%

SALE $330 $365 $390 1.4% -6.4%

SANDHURST* $470 $490 $600 1.0% 5.4%

SANDRINGHAM* $803 $920 $995 -7.5% -16.4%

SCORESBY* $414 $476 $540 - 13.3%

SEABROOK* $396 $430 $450 4.8% -

SEAFORD* $400 $450 $450 2.1% 13.5%

SEBASTOPOL* $304 $330 $341 1.5% 0.0%

SEYMOUR* $290 $330 $350 -1.5% -2.9%

SHEPPARTON* $329 $350 $410 0.0% 0.0%

SOUTH MORANG* $390 $425 $496 1.2% 9.0%

SPRINGVALE* $368 $383 $453 - -1.9%

ST ALBANS* $348 $380 $400 5.6% 8.5%

STRATHDALE* $340 $350 $398 0.0% -5.5%

SUNBURY $368 $370 $388 0.0% -0.7%

SUNSHINE WEST* $340 $400 $430 -3.6% -

SURREY HILLS* $750 $850 $948 0.0% 6.6%

TARNEIT $350 $366 $390 1.4% 4.7%

TAYLORS HILL* $420 $450 $480 1.1% -2.2%

TAYLORS LAKES* $420 $440 $492 0.0% 8.4%






TEMPLESTOWE* $543 $634 $750 0.2% 6.1%

TEMPLESTOWE LOWER* $460 $551 $682 -6.7% -1.1%

THORNBURY* $600 $695 $760 2.2% 5.0%

TORQUAY* $500 $520 $620 1.0% 5.1%

TRARALGON $311 $340 $380 -1.4% -2.8%

TRUGANINA $365 $385 $425 1.3% 5.5%

VERMONT* $478 $518 $570 0.5% 8.9%

VERMONT SOUTH* $461 $497 $550 0.0% 1.3%

WALLAN* $325 $338 $341 -0.7% -0.7%

WANGARATTA* $295 $320 $330 4.9% -3.1%

WANTIRNA* $415 $470 $500 0.0% 4.1%

WANTIRNA SOUTH $440 $470 $530 0.0% 0.0%

WARRAGUL* $350 $370 $380 2.8% 2.8%

WARRNAMBOOL* $348 $380 $420 -5.0% -5.0%

WATERWAYS* $599 $640 $670 - -

WAURN PONDS* $400 $430 $460 2.4% 7.5%

WERRIBEE* $341 $380 $395 0.0% 15.2%

WEST FOOTSCRAY* $450 $498 $550 -2.4% 6.5%

WHEELERS HILL* $465 $552 $598 4.1% 16.2%

WILLIAMS LANDING $400 $445 $480 0.0% 1.7%

WILLIAMSTOWN* $636 $725 $830 8.1% -3.4%

WODONGA* $343 $365 $413 0.0% 2.8%

WOLLERT* $360 $380 $390 0.0% 2.7%

WOODEND* $413 $440 $498 -3.3% -

WYNDHAM VALE $330 $350 $376 2.8% 6.1%

YARRAVILLE* $621 $652 $730 1.9% 3.5%

YARRAWONGA* $355 $385 $400 1.3% -






Regional Victoria Median Rents

Geelong 2 $255 $290 $324 0.0% 3.5%

3 $300 $340 $375 0.0% 3.0%

4 $370 $400 $450 0.0% 0.0%

Ballarat 2 $225 $240 $260 0.0% 0.0%

3 $260 $285 $315 1.8% 1.8%

4 $320 $350 $400 0.0% 0.0%

Bendigo 2 $220 $250 $265 2.0% 0.0%

3 $260 $290 $320 0.0% 0.0%

4 $320 $340 $360 3.0% 0.0%

Regional Victoria 2 $220 $250 $280 0.0% 0.0%

3 $260 $290 $330 0.0% 0.0%

4 $320 $360 $400 1.4% 1.4%

Median Weekly House Rents by Bedroom, Regional Victoria

Geelong 1 $190 $200 $225 0.0% 0.0%

2 $260 $285 $320 0.0% 1.7%

3 $340 $375 $430 1.4% 1.4%

Ballarat 1 $150 $165 $180 3.1% 3.1%

2 $220 $240 $260 0.0% 0.0%

3 $261 $285 $310 0.9% 0.0%

Bendigo 1 $155 $175 $195 0.0% 12.9%

2 $210 $240 $260 2.1% 0.0%

3 $266 $300 $320 0.0% 3.4%

Regional Victoria 1 $150 $170 $200 0.0% 0.0%

2 $210 $245 $275 2.1% 2.1%

3 $280 $310 $360 0.0% 0.0%

Median Unit and Apartment Rents by Bedroom, Regional Victoria



Source: REIV, realestateview.com.au

Median rents are for 12 months ending the quarter



GLOSSARY/ABOUT REIV DATA

Glossary/About REIV dataWhat is a median price

The median price is the middle price in a series of sales. For example, if 15 sales are recorded in a suburb and arranged in order from the lowest to the highest value, the eighth sale price is the median price. In the case where there is an even number of sales in a series, the median price is the average of the middle two prices.

Which areas are included in ‘metropolitan Melbourne’?

For the purpose of our analysis we define ‘metropolitan Melbourne’ as those suburbs contained within the following 31 municipalities:

Banyule Bayside Boroondara Brimbank Cardinia Casey Darebin Frankston Glen Eira Greater Dandenong Hobsons Bay Hume Kingston Knox Manningham Maribyrnong Maroondah Melbourne Melton Monash Moonee Valley Moreland Mornington Peninsula Nillumbik Port Phillip Stonnington Whitehorse Whittlesea Wyndham Yarra Yarra Ranges

Why do you use median prices?

Median prices provide a useful guide to market activity. The REIV does not intend for median price measures to be regarded as a valuation tool. The assessment of a property’s value is a job for a qualified professional who possesses the knowledge, experience and comparable sales information required to do so.

What are upper and lower quartile points?

The lower quartile is the point where one quarter of the sales are of a lesser value, and the upper quartile is the point where one quarter of the sales are of a higher value.

How do you gather your data?

The REIV gathers most of its data online from agents submitting their sales results electronically and it also has a dedicated call centre to collect property sales results at the time of contract. The sales results submitted to the REIV include residential, commercial, industrial and rural sales results from around the state.

Is your data accurate?

All our data is checked for accuracy and questionable sales are either verified with the selling agent or excluded from analysis.

Why are only ares with 25, 30 or 50 sales included in snapshots?

Using a median price taken from a limited sample will tend to be more volatile from one period to the next. Therefore caution must be taken about making broad conclusions on the market from such figures.

How does the REIV classify property

The REIV endeavours to use as similar classifications as possible to the ones used by real estate agents, in order to maintain the accuracy of data collected.

Property that falls under the ‘house’ classification includes: - detached houses - terraced houses - semi-detached houses - residential warehouse conversions - holiday houses - duplexes

Property that falls under the ‘units & apartments’ classification includes: - flats - units - apartments - townhouses - villas - bed-sitters

Which regions are ‘inner’, ‘middle’ and ‘outer’ Melbourne?

For the purposes of our analysis we define:

- ‘inner’ as being within 10km from the CBD; - ‘middle’ as being between 10km and 20km of the CBD; and - ‘outer’ as being more than 20km from the CBD.

The full suburb list of what is within the inner, middle, and outer regions is available on the REIV website at www.reiv.com.au/Property-Research/About-REIV-data


© 2017 The Real Estate Institute of Victoria Ltd. (REIV). All rights reserved. No reproduction, distribution, or transmission is permitted without the prior written permission of the REIV.

In compiling information, the REIV has relied upon data supplied by third parties. The REIV uses recognised statistical techniques in compiling its data, and this data is checked for accuracy and questionable sales results are either verified with the selling agent or discarded.

Because the REIV has relied upon data supplied by third parties, the REIV does not warrant the information’s accuracy or completeness. Subscribers specifically accept the information on an ‘as is’ basis. To the full extent allowed by law the REIV excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to REIV for the supply of such information.

Median prices are a guide to market activity, and the REIV does not intend for median prices measures to be regarded as a valuation tool.

The assessment of an individual property’s value is a job for a qualified professional, who possesses the knowledge, experience, and comparable sales information required to do so.

Chief Executive Officer Gil King

Editors REIV Research REIV Communications, Policy & Public Affairs

CREDITS & DISCLAIMER

CONTACT USThe Real Estate Institute of Victoria Ltd.335 Camberwell Rd, Camberwell, Victoria 3124, AustraliaPhone +61 3 9205 6666 Fax +61 3 9205 6699 Email [email protected] www.reiv.com.au

@REIVictoria REIV Networking Groupfacebook.com/REIVictoria

monthly research bulletin - master advocates...reiv monthly research bulletin february 2017 expanded...

Documents