7/28/2019 Property Victoria 2013

1/7

Property market cools in2011

The median house price in Victoria remained static at $420,000in 2011, according to Victorias ocial property sales gures.

In general terms, or the past 10 years house prices havecontinued to grow, with the states median house price rising127 per cent between 2001 and 2011, rom $185,000 to$420,000.

The recently releasedA Guide to Property Values 2011 showedan overall downward trend during 2011. While 2011s medianhouse price remained static, there was a decrease o 1.0 percent in metropolitan Melbourne and an increase o 2.9 per centin country Victoria. It was the rst drop in the Melbourne annualmedian house price in 16 years.

A Guide to Property Values is published annually using datarom Valuer-General Victoria.

Figures cover median prices by suburb or houses, units andvacant land; details o rural, commercial, industrial and primaryproduction sales; a summary o sales activity or every localgovernment area; and statewide, metropolitan and countrysummaries.

The guide is the most authoritative property sales data inVictoria with data collected rom every property sale in the state.

The Victorian median house sale price was $420,000 in 2011and 2010. Increases, however, were recorded or 2010 and2009 16.7 per cent ($420,000) and 7.1 per cent ($360,000),respectively.

In 2011, the highest median house price increases inmetropolitan Melbourne were 19 per cent in Lang Lang, whichincreased rom $260,000 to $310,000; 18 per cent in AlbertPark, which increased rom $1,185,000 to $1,402,500; 18 percent in Bunyip, which increased rom $290,000 to $342,500;and 17 per cent in Portsea, which increased rom $1,387,500 to

$1,625,000.

The 10 suburbs in metropolitan Melbourne with the highestmedian house sale prices in 2011 were Toorak at $2,600,000,

Deepdene at $2,046,500, East Melbourne at $1,720,000,Canterbury at $1,715,000, Brighton at $1,695,000, Portseaat $1,625,000, St Kilda West at $1,615,000, Malvern at$1,610,000, Armadale at $1,540,000 and Kew at $1,517,500.

The 10 suburbs in metropolitan Melbourne with the lowestmedian house sale prices in 2011 were Millgrove at $240,000,Melton South at $249,000, Rockbank at $251,000, Meltonat $256,000, Frankston North at $275,000, Diggers Restat $285,000, Cannons Creek at $287,500, Junction Villageat $287,500, Badger Creek at $295,000 and Warneet at$295,000.

Excluding seaside towns, the towns in country Victoria with

the highest median house sale prices in 2011 were LakeWendouree at $630,000, Wandana Heights at $592,500, MountMacedon at $560,000, Newtown at $530,500 and Silverleavesat $500,000.

The 10 towns in country Victoria with the lowest median housesale prices in 2011 were Kaniva at $90,000, Edenhope at$100,000 and Ouyen at $100,000, Dimboola at $105,000,Casterton at $106,500, Nhill at $107,000, Warracknabeal at$114,500, Charlton at $116,000, Coleraine at $122,500 and StArnaud at $125,000.

The completeA Guide to Property Values 2011 is available or$20 as a PDF document online atwww.land.vic.gov.au/propguide or by emailing property.sales@dse.vic.gov.au. PDF snapshots eaturing median sale priceslisted by suburb or houses, units or vacant house blocks ($10each) can also be ordered online or by email.

Property VictoriaAugust 2012 Edition 30

In this issue

2-3 big movers in metro Melbourne andcountry Victoria

4-6 maps o changes in median prices

6 ast acts rom 2011

7/28/2019 Property Victoria 2013

2/7

Property Victoria Edition 30 Page 2

Suburb 2010 2011 % Change

Lang Lang $260,000 $310,000 19

Albert Park $1,185,000 $1,402,500 18

Bunyip $290,000 $342,500 18

Portsea $1,387,500 $1,625,000 17

Carlton $900,000 $1,050,000 17

Wattle Glen $490,000 $569,500 16

East Warburton $285,000 $330,000 16

Olinda $452,500 $520,000 15

West Melbourne $804,500 $917,500 14

Sandhurst $440,000 $500,000 14

Metropolitan Melbourne houses Top 10 shifts in median price from 2010 to 2011

Big movers in metropolitan Melbourne

Metropolitan Melbourne units Top 10 shifts in median price from 2010 to 2011

Metropolitan Melbourne vacant land Top 10 shifts in median price from 2010 to 2011

Suburb 2010 2011 % Change

Ringwood North $435,000 $545,000 25

Notting Hill $255,500 $310,000 21

Mont Albert North $601,000 $725,000 21

Murrumbeena $433,000 $506,500 17

South Kingsville $370,000 $430,000 16

Avondale Heights $420,000 $487,500 16

Tyabb $246,500 $285,000 16

Canterbury $641,000 $730,000 14

Sunshine $268,000 $305,000 14

Kew East $566,000 $638,000 13

Suburb 2010 2011 % Change

Healesville $110,000 $170,000 55

Diamond Creek $196,000 $300,000 53

Melton South $123,000 $162,500 32

Rosebud West $180,000 $226,500 26

Dandenong $191,000 $236,000 24

Brookeld $122,000 $149,500 23

Narre Warren North $380,000 $465,000 22

Dromana $244,000 $298,000 22

Lilydale $225,000 $270,000 20

Werribee $166,000 $198,000 19

Note: Suburbs and towns with ewer than 10 sales are not used to compile top 10 lists.

7/28/2019 Property Victoria 2013

3/7

Property Victoria Edition 30 Page 3

Town 2010 2011 % Change

Murtoa $85,000 $134,000 58

Golden Beach $150,000 $225,000 50

Bundalong $350,000 $472,500 35

Warracknabeal $88,000 $114,500 30

Coleraine $95,000 $122,500 29

Cape Paterson $332,500 $420,000 26

Toora $175,000 $220,000 26

Myrtleord $184,500 $229,500 24

Eagle Point $236,000 $293,000 24

Dimboola $85,500 $105,000 23

Country Victoria houses Top 10 shifts in median price from 2010 to 2011

Big movers in country Victoria

Country Victoria units Top 10 shifts in median price from 2010 to 2011

Country Victoria vacant land Top 10 shifts in median price from 2010 to 2011

Town 2010 2011 % Change

Mooroopna $140,500 $173,000 23

Geelong West $240,000 $293,500 22

Daylesord $234,000 $285,000 22

North Geelong $272,000 $325,000 19

Wendouree $185,000 $217,000 17

Newborough $99,000 $116,000 17

Portarlington $319,000 $372,000 17

Kyabram $167,500 $195,000 16

Maryborough $163,000 $189,000 16

Leongatha $241,500 $275,000 14

Town 2010 2011 % Change

Romsey $126,000 $190,000 51

Mount Clear $107,000 $159,000 49

White Hills $89,000 $130,000 46

St Leonards $130,000 $186,000 43

Ballan $99,500 $140,000 41

Gisborne $195,000 $270,000 39

Yinnar $70,000 $95,000 36

Hamilton $82,000 $110,000 34

Eaglehawk $79,500 $105,000 32

Yarragon $95,000 $125,000 32

Note: Suburbs and towns with ewer than 10 sales are not used to compile top 10 lists.

7/28/2019 Property Victoria 2013

4/7

7/28/2019 Property Victoria 2013

5/7

7/28/2019 Property Victoria 2013

6/7

7/28/2019 Property Victoria 2013

7/7

www.dse.vic.gov.au

Published by the Victorian Government

Department o Sustainability and Environment Melbourne

August, 2012

The State o Victoria Department o Sustainability and Environment 2012

This publication is copyright. No part may be reproduced by any process

except in accordance with the provisions o the Copyright Act 1968.

Authorised by the Victorian Government, 570 Bourke Street, Melbourne

ISSN 1447-5324

For more inormation contact the DSE Customer Service Centre

136 186

Disclaimer

This publication may be o assistance to you but the State o Victoria and its

employees do not guarantee that the publication is without faw o any kind

or is wholly appropriate or your particular purposes and thereore disclaims

all liability or any error, loss or other consequence which may arise rom you

relying on any inormation in this publication.

Accessibility

I you would like to receive this publication in an accessible ormat,

such as large print or audio, please telephone 136 186,

or email customer.service@dse.vic.gov.au

Dea, hearing impaired or speech impaired? Call us via the National

Relay Service on 133 677 or visit www.relayservice.com.au

Sales history report, now

available onlineAre you considering buying a property and trying to ascertainits real value? Are you wanting to calculate the owners potentialgrowth on investment?

LANDATA now oers a Sales History report, which providesinormation about a propertys most recent sale price, date osettlement, date o contract, a land use description and landarea.

Simply enter the propertys street address and you can receivethe inormation or $2.64 per report online or $5.00 per reportover the counter (note: the vendor and purchase names are not

supplied).

To purchase a Sales History report, go towww.landata.vic.gov.au and navigate to Property Sales andValuation Service, or go to the Land Victoria counter at level 9,570 Bourke Street Melbourne.

Property dealinginformation online

For up-to-date statistical inormation on property dealings, goto www.dse.vic.gov.au and ollow the links: Property, Titles and

Maps>Property Inormation>Statistics.

The statistical inormation, which is updated monthly, isavailable in both graph and table ormats. It is categorisedunder total lodgements, transers, mortgages, discharges omortgage, plans o subdivision and searches.

The graphs show the number and type o the most commondocuments lodged over a 13-month reporting period to date.The tables provide data rom January 2002 to date.

Property Victoria Edition 30 Page 7