Median house prices across Maribyrnong and Hobsons Bay grew by 9-10 per cent last financial year, Real Estate Institute of Victoria figures show.
The median house price for inner Melbourne (suburbs within 10 kilometres of the CBD) rose by 9 per cent from $1,504,500 to $1,640,000, while the unit/apartment median price rose 2.4 per cent from $625,000 to $640,000.
The median house price for middle Melbourne (suburbs 10‐20 kilometres of the CBD) rose by 9.9 per cent from $1,020,000 to $1,120,500, while the unit/apartment price rose 5.4 per cent from $700,000 to $737,750.
The annual house median rose 31.4 per cent for Spotswood, 28.6 per cent for Altona, 17.3 per cent for West Footscray, 15 per cent for Altona North, 12.5 per cent for Maidstone, 12.4 per cent for Kingsville, 10.8 per cent for Yarraville, 10.2 per cent for both Newport and Seddon, and 10.1 per cent for Braybrook.
Elsewhere, the house median rose 9.3 per cent for Footscray, 9 per cent for Altona Meadows, 7.6 for Maribyrnong, 4.7 per cent for Seabrook and 1.9 per cent for Williamstown.
REIV president Leah Calnan said there had been strong growth across Victoria.
“REIV June quarterly data shows a robust performance in house prices statewide, with metropolitan Melbourne increasing by 11.7 per cent in the 12 months to June quarter 2021,” she said.
Sweeney Estate Agents Williamstown director Wayne Sweeney said recent high sales in Williamstown included 98 Esplanade for $6.75 million and 93 Esplanade for $3.565 million.
“I said the market would go up a minimum of 10 per cent and it’s been 11 per cent – and I said that 12 months ago,” he said.
“What happened previously, the buyers were queuing up ready to buy and then when we locked down last time, as soon as the gates opened the buyers were out there in a frenzy.
“The same’s going to happen again as soon as we’re out of lockdown.”
