Which Melbourne Suburbs Grew The Most Over The Last 20 Years?

Who would not have liked to buy their parents house at the price their parents paid 20 years ago?

Recently Domain ran an insightful feature outlining how Melbourne property prices have changed over the last 20 years. melbourne city park happy peace victoria garden

And despite the saying ” a rising tide lifts all ships”

True, but in the case of Melbourne house prices, it has not lifted them all equally as there has been a dramatic widening of the divide which separates the old middle-class suburbs south and east of the Yarra from the old working-class suburbs on the other side of the river.

Here’s what Domain found:

These were the most expensive Melbourne suburbs in 1995.
And yes those prices seemed very expensive in those days.

Fast forward 20 years:
By 2015, Melbourne’s 50 most expensive suburbs all had a median above $1 million.

Some suburbs significantly outperformed the averages:

And some suburbs underperformed:



Want more of this type of information?


Kate Forbes

About

Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).
Visit www.MelbourneBuyersAgent.com.au


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