The Melbourne residential property market has bounced positively over the last quarter to the end of December 2019.  Many suburbs experienced 3% monthly growth over the last 2 months. The top 20 best performers are shown below.

Initial indicators are that this growth will continue into the second half of this year

Note: Only quarterly median prices from suburb with at least 30 sales in the relevant quarter are included

Suburb Dec-19 Median Sep-19 Median Quarterly Change
PORT MELBOURNE $1,670,000 $1,301,000 28.4%
STRATHMORE $1,461,000 $1,195,000 22.3%
SUNSHINE $815,500 $667,500 22.2%
MITCHAM $1,128,500 $938,500 20.2%
CHELTENHAM $1,267,000 $1,063,500 19.1%
KEW $2,515,000 $2,135,400 17.8%
WHEELERS HILL $1,150,000 $980,500 17.3%
NUNAWADING $1,050,000 $899,000 16.8%
BLACKBURN SOUTH $1,190,000 $1,025,000 16.1%
BLACKBURN NORTH $1,151,000 $991,000 16.1%
RICHMOND $1,332,500 $1,170,000 13.9%
ESSENDON $1,520,000 $1,341,500 13.3%
THORNBURY $1,242,500 $1,100,000 13.0%
MOUNT MARTHA $1,215,500 $1,080,000 12.5%
BULLEEN $1,250,000 $1,117,000 11.9%
COBURG $1,141,000 $1,020,500 11.8%
NORTHCOTE $1,480,000 $1,340,000 10.4%
GLENROY $791,500 $718,000 10.2%
SOUTH MORANG $665,500 $605,500 9.9%
HAWTHORN $2,353,000 $2,150,000 9.4%

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