SINCE 1997

Latest Melbourne Price Growth News

Price records set in Victoria's top growth suburbs

Property price records are tumbling across Victoria, with more than 170 suburbs in Melbourne laying claim to a median house price of $1 million or more, while several key regional locations have also breached the seven-figure barrier.

Melbourne near-city suburbs
Lockdowns slowed transactions in the September quarter, but not price growth as Melbourne maintained its million-dollar median house price. Photo: Shutterstock

Property price records are tumbling across Victoria, with more than 170 suburbs in Melbourne laying claim to a median house price of $1 million or more, while several key regional locations have also breached the seven-figure barrier.

The latest data from the Real Estate Institute of Victoria showed 173 suburbs in Melbourne with a million-dollar median, the result of 13.8 per cent annual price growth across the city.

Melbourne’s overall median …