Top growth suburbs over the last three month period ending 31 December 2025.
Melbourne’s property market continued to firm over the three-month period ending December 2025, with price growth becoming more clearly defined across select suburbs. While headline annual growth remains modest, quarterly results highlight a noticeable lift in buyer activity and improving confidence, particularly in well-located inner-city and established middle-ring suburbs, as well as a number of value-driven outer areas.
Momentum throughout the quarter was supported by a combination of stabilising interest rate expectations, easing inflationary pressures, and persistently low housing supply. These factors have contributed to increased competition for quality stock, especially in markets where affordability remains comparatively attractive or where lifestyle and proximity to employment hubs continue to drive demand.
At the same time, the market remains segmented. Growth has not been uniform across Melbourne, with outperforming suburbs recording strong short-term gains while broader conditions remain measured. Affordability constraints and cautious household spending continue to act as natural brakes on rapid price escalation, reinforcing the importance of targeted, research-driven property selection.
This report highlights the suburbs that have delivered the strongest capital growth over the past three months, providing insight into where demand is currently concentrated and where momentum is building beneath the surface of Melbourne’s broader property market.
Top growth suburbs by median house price
Here is the latest list of suburbs that have recorded capital growth from 1 October 2025 to 31 December 2025 (three-month period):
Note: Only quarterly median prices from suburbs with at least 25 sales in the relevant quarter are included
Top Growth Suburbs – Median Unit Prices (Quarterly Change)
| Suburb | Current Median | Previous Median | Quarterly Change |
|---|---|---|---|
| Murrumbeena | $632,500 | $420,500 | +50.4% |
| Abbotsford | $657,000 | $490,000 | +34.1% |
| Bonbeach | $983,500 | $760,000 | +29.4% |
| Moonee Ponds | $650,000 | $510,000 | +27.5% |
| Bentleigh | $971,250 | $766,000 | +26.8% |
| Mordialloc | $820,000 | $650,000 | +26.2% |
| Box Hill | $571,000 | $459,000 | +24.4% |
| Camberwell | $1,050,000 | $850,000 | +23.5% |
| Kew | $849,500 | $691,900 | +22.8% |
| Hampton | $1,310,000 | $1,071,000 | +22.3% |
| Glen Waverley | $1,225,000 | $1,030,000 | +18.9% |
| Burwood | $979,500 | $825,000 | +18.7% |
| Frankston | $620,000 | $531,500 | +16.7% |
| Fitzroy | $867,000 | $747,500 | +16.0% |
| Balwyn | $928,000 | $805,000 | +15.3% |
| Footscray | $490,000 | $425,000 | +15.3% |
| Broadmeadows | $565,000 | $490,500 | +15.2% |
| Springvale | $725,000 | $630,000 | +15.1% |
| Chelsea | $820,000 | $735,000 | +11.6% |
| Caulfield North | $702,500 | $630,000 | +11.5% |
Top growth in median unit prices
Here is the latest list of suburbs that have recorded capital growth from 1 October 2025 to 31 December 2025 (three-month period):
Note: Only quarterly median prices from suburbs with at least 25 sales in the relevant quarter are included
Top Growth Suburbs – Median House Prices (Quarterly Change)
| Suburb | Current Median | Previous Median | Quarterly Change |
|---|---|---|---|
| South Melbourne | $2,060,000 | $1,499,000 | +37.4% |
| Newport | $1,335,000 | $1,067,500 | +25.1% |
| Hawthorn East | $3,065,000 | $2,500,250 | +22.6% |
| Harkness | $655,000 | $550,000 | +19.1% |
| Dromana | $1,055,000 | $891,250 | +18.4% |
| Malvern East | $2,200,000 | $1,885,000 | +16.7% |
| Maribyrnong | $1,302,500 | $1,145,000 | +13.8% |
| Heathmont | $1,165,000 | $1,035,250 | +12.5% |
| Moonee Ponds | $1,675,000 | $1,490,000 | +12.4% |
| Mount Eliza | $1,887,500 | $1,680,000 | +12.4% |
| Hawthorn | $3,222,500 | $2,875,000 | +12.1% |
| Fitzroy North | $1,788,000 | $1,620,000 | +10.4% |
| Carlton North | $1,782,500 | $1,623,500 | +9.8% |
| Keilor East | $1,170,000 | $1,067,500 | +9.6% |
| Templestowe | $1,750,000 | $1,600,000 | +9.4% |
| Balwyn North | $2,355,000 | $2,165,000 | +8.8% |
| Yarraville | $1,255,000 | $1,157,500 | +8.4% |
| Greenvale | $930,250 | $860,000 | +8.2% |
| Sunbury | $748,000 | $692,500 | +8.0% |
| Dandenong North | $836,000 | $775,000 | +7.9% |
Source – This information has been collected by the Real Estate Institute of Victoria Ltd (REIV). The most authoritative source for information on the Victorian property market. * denotes less than 30 sales in the quarter
Deciding whether it’s a good time to buy a property in Melbourne depends on various factors, including your personal circumstances and the current market conditions.
What to do next?
If you’re considering taking advantage of the current market conditions, it might be worthwhile to consult with a local real estate agent or financial advisor who can offer guidance tailored to your personal goals.
At Crest Property Investments, we specialise in sourcing brand new and off-the-plan properties across Melbourne and beyond. Whether you’re a first-time investor or looking to grow your portfolio, we’re here to help you make informed decisions backed by market research and experience.
Want to learn more about how we can support your property journey?
👉 Visit us at crestproperty.net.au and explore our suburb profiles, blogs, and podcasts.
Our YouTube channel and Market Insights also provide a wealth of information to assist you with many areas relating to property.
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more, please contact us. We welcome the opportunity to assist you.
