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Median prices updated

16 July 2014
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We mentioned in our Market Update on July 5th that RP Data had published their latest figures on median property values for many of Melbourne’s suburbs, including information on the change in the median home prices during the financial year to June 30th.

As we often mention here, these sorts of figures should be taken as an indication of general trends in the market only, (and are only provided for those areas with a high enough number of property sales to be statistically relevant). However, we thought we would share them with you as another way of helping to keep you informed on what is happening in our local market.

SUBURB MEDIAN PRICE ANNUAL CHANGES (MELBOURNE)

  • Aberfeldie $1,048,700 up 17.6%
  • Airport West $545,968 up 9.3%
  • Ascot Vale $776,024 up 15.5%
  • Avondale Heights $558,474 up 14.5%
  • Essendon $961,148 up 12.8%
  • Essendon West $783,450 up 7.0%
  • Flemington $697,748 up 6.7%
  • Keilor $624,349 up 11.7%
  • Keilor Downs $433,366 up 9.9%
  • Keilor East $582,959 up 12.7%
  • Keilor Lodge $513,144 up 8.5%
  • Keilor Park $490,650 up 10.6%
  • Kensington $790,300 up 18.9%
  • Maribyrnong $759,735 up 9.2%
  • Moonee Ponds $849,203 up 13.1%
  • Niddrie $710,636 up 9.4%
  • Pascoe Vale $634,585 up 14.2%
  • Pascoe Vale South $711,289 up 14.3%
  • Strathmore Heights $613,311 up 9.4%

Of course, if you are interested in some more specific information on how much your current home could be worth in the today’s strong market conditions, we would be more than happy to provide you with an obligation-free update at any time. So feel free to call us when you’re ready.

16 July 2014
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