House prices rose in the suburbs of Kingsville, Maribyrnong, Altona and Williamstown in the December quarter but unit prices fell, according to REIV figures.
Altona’s median house price of $750,000 was up 8 per cent on the September quarter, while its median unit price of $490,000 was down 15.5 per cent.
Kingsville was Maribyrnong’s star performer for house sales, the median rising 12 per cent to $750,000.
Maribyrnong rose 10.5 per cent to $842,500, Footscray jumped 8 per cent to $672,500, and Seddon rose 5 per cent to $751,000. Maidstone dropped 13 per cent to $583,500 and Braybrook shed 10 per cent to $502,500.
Maidstone’s poor house showing was reversed with a 19 per cent rise in the unit median to $524,750.
Maribyrnong median unit prices were up 9 per cent to $460,000, Kingsville remained steady at $335,000, West Footscray prices shed 4 per cent to $335,000, and Footscray dropped almost 2 per cent to $382,000.
Peter Weaver, of Barlow McEwan Tribe First National of Altona, said affordability was becoming more of an issue.
“The focus on the west side of Melbourne is the strongest it’s ever been and will only increase … every time they build another house in Wyndham or further west of Melbourne, the values in Altona will only increase.”
Williamstown’s median house price rose 12.5 per cent to $955,000, while the suburb’s median unit price fell 13 per cent to $472,000. The unit median was based on less than 25 sales.
Hocking Stuart Williamstown director Joanne Royston said units remained a rarity in Williamstown.
Newport bucked trends, with the house median falling 3.5 per cent to $703,000 and the unit median climbing 11 per cent to $630,000.
