How Much Has The Value Of Your Melbourne Property Grown?

Melbourne has been the strongest performing property market over the last decade with an average annual capital growth of 6.9%
And it’s likely to be the best performing property market in 2016.
How much has your Melbourne property grown in value?
The interactive graphic from Domain below will help you find out.

Back in time:

increase rate house property investment growth success interest cost

According to Domain if 40 years ago (back in 1975) you had about $30,000 to buy a house , you could have bought in almost any Melbourne suburb.

A house in Balwyn ($34,000) cost the same as a house in Bundoora ($33,750).

A house in Hawthorn East cost the same as a house in Frankston North.

Use the following interactive graphic to see how values grew in your suburb:

Unfortunately, not all properties increased in value significantly

As always, where there are winners, there have to be losers.

Back in 1975  that  budget of about $30,000 could have secured you a typical home in Melton (with lots of land too), in what was then a satellite city some 35 kilometres west of the CBD.

Over the last 40 years Melton has had the slowest rate of any Melbourne suburb and its median price currently stand at $250,000.

Boy would you have missed out on hundreds and hundreds of thousands of dollars of potential capital gains

The same could be said for Hoppers Crossing where in 1975, the median house price was almost $31,000 making it more expensive than Middle Park and way more expensive than Richmond at $22,000.

However, Hoppers Crossing has limped along in price growth to reach $345,000 today, whereas the median house price in Richmond is now $1 million.

Source: Domain

Want more of this type of information?


Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

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