VIC Market Summary

As the spring selling season moves into full force, auction numbers are increasing week by week. A further 1800 auctions are scheduled in the fortnight prior to the Melbourne Cup weekend, including the first 1000+ auction weekend of the spring season, due in the last weekend of October.

The REIV's September quarter median data is now available on the REIV website and shows that the median house price for the state increased by 1 per cent to $530,000.

The top 5 house prices during this quarter were from properties in:

  • Toorak
  • Kew
  • South Yarra
  • Canterbury
  • Brighton

The bottom 5 house prices during this quarter were from properties in:

  • East Warburton
  • Reefton
  • Powelltown
  • Coolaroo
  • Melton

Source: Realestateview.com.au