July 10, 2014
The data shows there are three suburbs in the top ten lists based on median value growth over the past five years. Hawthorn East, Middle Park and Ashburton recorded a rise in median values of more than 45% over the last five years.
Hawthorn East is in the top of the list with an increase of 78% over the past 5 years. It’s followed by a much more affordable location Watsonia recorded a 63% rise. Third on the list is Derrimut, where underlying values are driven by new home development across thesuburb. Fourth on the list is Pascoe Vale South with a 54% rise, where value boost are driven by the good transport options and well-sized blocks.
RP Data Victoria Housing Market Specialist