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The regional areas of Victoria haven’t seen as strong a growth trend as
what has been evident in Melbourne; however, values are still broadly
rising, albeit at a more moderate pace. Coastal markets appear to be
attracting more buyer demand, with more people looking for holiday
homes and retirement options as wealth levels continue to recover after
the global financial crisis.
Moderate growth across regional Victoria
Median prices across regional VIC
Regional VIC best performers
Rank
Suburb
$
Affordable
1
TERANG
$205,500
31 24.5%
2
TALLANGATTA
$220,000
22 23.4%
3
ELMORE
$212,000
13 22.2%
$$
Mid range
1
IRONBARK
$327,500
23 19.7%
2
DENNINGTON
$345,000
28 15.0%
3
BEECHWORTH
$325,000
51 14.0%
$$$
Prestige
1
LAKE WENDOUREE
$660,000
55 22.2%
2
NEWTOWN
$663,500
180 12.9%
3
BARWON HEADS
$762,500
104 10.7%
Rank
Suburb
$
Affordable
1
LAKE WENDOUREE
$660,000
55 22.2%
2
NEWTOWN
$663,500
180 12.9%
3
BARWON HEADS
$762,500
104 10.7%
$$
Mid range
1
DRYSDALE
$316,501
20 16.7%
2
BELMONT
$310,000
71 14.8%
3
CASTLEMAINE
$307,000
18 11.6%
$$$
Prestige
1
MANIFOLD HEIGHTS
$335,000
21 34.0%
2
LORNE
$625,000
33 25.0%
3
ST LEONARDS
$375,750
18 18.3%
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
* Based on postcode median house sale prices for 12 months to end September 2015.
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