13 / 32
Outside of Melbourne, value appreciation in Victoria has generally
been moderate. This would suggest that the demand from Melbourne
isn’t really yet flowing to other parts of the state. Some coastal lifestyle
markets are starting to see increasing demand and early signs of value
growth accelerating. Nationwide we are seeing the popularity of coastal
and lifestyle markets rising, and in Victoria, this higher demand is
probably being fuelled by the lift in housing equity for Melbourne home
owners over recent years.
Increasing demand in sea–change markets
Median prices across regional VIC
Regional VIC best performers
Rank
Suburb
$
Affordable
1
KANIVA
$113,500
24 34.7%
2
BIRCHIP
$120,000
11 33.3%
3
DIMBOOLA
$112,000
37 29.5%
$$
Mid–range
1
KALIMNA
$316,250
22 21.6%
2
MALLACOOTA
$320,000
21 14.3%
3
YARRAWONGA
$318,500
170 9.8%
$$$
Prestige
1
FAIRHAVEN
$975,000
22 29.1%
2
AIREYS INLET
$730,000
43 21.4%
3
TORQUAY
$645,000
296 10.8%
Rank
Suburb
$
Affordable
1
NEWBOROUGH
$161,500
17 23.5%
2
MORWELL
$180,000
33 19.0%
3
MOE
$146,000
29 14.5%
$$
Mid–range
1
ALFREDTON
$282,500
18 24.4%
2
ECHUCA
$278,000
57 15.8%
3
LONGWARRY
$267,500
11 13.8%
$$$
Prestige
1
POINT LONSDALE
$480,000
17 10.3%
2
OCEAN GROVE
$440,000
60 4.8%
3
TORQUAY
$470,000
66 3.3%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price
Affordable
= suburbs below 25th percentile
Mid–range
= suburbs between 25th and 75th percentile
Prestige
= suburbs above 75th percentile
Source: CoreLogic
11