Median price information is a useful starting point when you are looking for property in a particular area as an accurate indicator of market movement.
The median price is the middle price in a series of sales over a specified time period and is used as an indicator of performance rather than average price which can be affected by a few unusually high or low sales.
| Suburb | Mar-11 Median | Mar-10 Median | Annual Change |
|---|---|---|---|
| Airport West * | $542,500 | $540,000 | .5% |
| Ascot Vale* | $752,500 | $750,000 | .3% |
| Avondale Heights* | $526,500 | $572,750 | -8.1% |
| Brunswick | $701,000 | $675,000 | 3.9% |
| Brunswick West* | $742,500 | $712,500 | 4.2% |
| Bulleen* | $691,000 | $686,650 | .6% |
| Carlton North* | $900,005 | $802,500 | 12.2% |
| Clifton Hill* | $775,000 | $780,000 | -.6% |
| Coburg | $605,000 | $647,500 | -6.6% |
| Coburg North* | $512,500 | $492,500 | 4.1% |
| Collingwood* | $753,000 | $646,750 | 16.4% |
| Essendon | $910,500 | $999,000 | -8.9% |
| Fitzroy North * | $1,017,500 | $795,000 | 28% |
| Flemington* | $770,000 | $661,000 | 16.5% |
| Footscray* | $571,250 | $562,500 | 1.6% |
| Glenroy* | $440,500 | $460,000 | -4.2% |
| Heidelberg* | $585,000 | $558,000 | 4.8% |
| Ivanhoe* | $1,050,000 | $780,000 | 34.6% |
| Keilor Downs* | $395,500 | $445,000 | -11.1% |
| Keilor East* | $529,000 | $543,500 | -2.7% |
| Kensington* | $730,000 | $680,000 | 7.4% |
| Macleod* | $605,000 | $545,050 | 11% |
| Moonee Ponds* | $790,000 | $861,000 | -8.2% |
| Northcote | $885,000 | $830,250 | 6.6% |
| Oak Park* | $535,250 | $555,000 | -3.6% |
| Pascoe Vale* | $565,000 | $550,000 | 2.7% |
| Preston | $637,500 | $590,000 | 8.1% |
| Reservoir | $482,500 | $445,000 | 8.4% |
| Richmond | $854,000 | $841,000 | 1.5% |
| Rosanna* | $635,000 | $659,000 | -3.6% |
| Strathmore* | $810,000 | $855,000 | -5.3% |
| Thornbury* | $700,000 | $728,000 | -3.8% |
Mar 2013 Median
Mar 2012 Median
Source: REIV property database
* Indicates that less than 30 sales were recorded during the quarter
