STRONGEST GROWTH LOCAL GOVERNMENT AREAS - VIC 12 months to April 2021
LOCAL GOVERNMENT AREA MEDIAN % GROWTH South Gippsland ( S ) $ 449,000 52.2 % Southern Grampians ( S ) $ 265,000 46.4 % Murrindindi ( S ) $ 520,000 55.2 % Corangamite ( S ) $ 305,000 45.2 % Gannawarra ( S ) $ 220,000 25.7 % Mansfield ( S ) $ 521,500 49.4 % Hindmarsh ( S ) $ 135,000 12.5 % Ararat ( RC ) $ 258,000 35.8 % Hepburn ( S ) $ 605,000 42.4 % Campaspe ( S ) $ 350,000 25.0 %
Source : Corelogic , Ray White
TOP GROWTH SUBURBS - MELBOURNE 12 months to May 2021
SUBURB REGION MEDIAN GROWTH Flinders Mornington Peninsula Shire $ 2,447,500 57.9 % Somers Mornington Peninsula Shire $ 1,430,000 54.6 % Mccrae Mornington Peninsula Shire $ 1,150,000 44.7 % Blairgowrie Mornington Peninsula Shire $ 1,252,500 34.7 % North Warrandyte Northern Outer Melbourne $ 1,150,000 29.2 % Sorrento Mornington Peninsula Shire $ 1,832,500 28.6 % Beaconsfield Upper South Eastern Outer Melbourne $ 1,138,500 26.2 % Launching Place Yarra Ranges Shire Part A $ 692,500 25.3 % Rye Mornington Peninsula Shire $ 853,000 22.6 % Wandin North Yarra Ranges Shire Part A $ 770,000 22.2 %
Source : Corelogic , Ray White
LARGEST RENTAL DECLINES - MELBOURNE UNITS 12 months to May 2021
SUBURB |
REGION |
MEDIAN PRICE |
% CHANGE |
MEDIAN RENT |
% CHANGE |
Melbourne |
Inner Melbourne |
$ 450,000 |
0.0 % |
$ 390 |
-27.8% |
Docklands |
Inner Melbourne |
$ 583,400 |
-1.9% |
$ 448 |
-21.5% |
Southbank |
Inner Melbourne |
$ 540,000 |
-3.3% |
$ 421 |
-20.6% |
West Melbourne |
Inner Melbourne |
$ 580,000 |
-3.3% |
$ 400 |
-16.7% |
South Melbourne |
Inner Melbourne |
$ 605,000 |
6.6 % |
$ 438 |
-15.4% |
North Melbourne |
Inner Melbourne |
$ 547,500 |
17.7 % |
$ 400 |
-14.9% |
Travancore |
Western Melbourne |
$ 349,000 |
2.9 % |
$ 350 |
-14.6% |
Caulfield East |
Southern Melbourne |
n / a |
n / a |
$ 305 |
-12.9% |
Carlton |
Inner Melbourne |
$ 373,500 |
9.9 % |
$ 375 |
-12.8% |
Carlton North |
Inner Melbourne |
$ 703,500 |
11.7 % |
$ 428 |
-11.9% |
Source : Corelogic , Ray White 19