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