Melbourne’s property market has weathered a volatile half-decade — marked by interest rate hikes, COVID-era disruptions, a construction boom-and-bust cycle, and shifting buyer priorities. Yet through it all, many of the city’s most sought-after inner suburbs have shown remarkable resilience and growth.
In this post, we break down 2020–2025 median house price changes across top inner suburbs like Toorak, Fitzroy, Malvern, Brunswick, and how they compare to the five years prior. Whether you’re buying, selling, or just keeping tabs on the Melbourne property market, scroll through the data to see how your neighbourhood stacks up.
Abbotsford
Houses
Median sale price (current): $1,200,000
Past 5 years growth (2020–2025): +13%
Previous 5 years growth (2015–2020): +18%
Units
Median sale price (current): $510,000
Past 5 years growth (2020–2025): -11%
Previous 5 years growth (2015–2020): -3%
Albert Park
Houses
Median sale price (current): $2,301,000
Past 5 years growth (2020–2025): +16%
Previous 5 years growth (2015–2020): +25%
Units
Median sale price (current): $1,180,000
Past 5 years growth (2020–2025): +29%
Previous 5 years growth (2015–2020): +23%
Armadale
Houses
Median sale price (current): $2,433,000
Past 5 years growth (2020–2025): +4%
Previous 5 years growth (2015–2020): +26%
Units
Median sale price (current): $663,000
Past 5 years growth (2020–2025): -8%
Previous 5 years growth (2015–2020): +15%
Balwyn
Houses
Median sale price (current): $2,884,000
Past 5 years growth (2020–2025): +22%
Previous 5 years growth (2015–2020): +24%
Units
Median sale price (current): $829,000
Past 5 years growth (2020–2025): -17%
Previous 5 years growth (2015–2020): +39%
Brunswick
Houses
Median sale price (current): $1,267,000
Past 5 years growth (2020–2025): +22%
Previous 5 years growth (2015–2020): +23%
Units
Median sale price (current): $575,000
Past 5 years growth (2020–2025): -4%
Previous 5 years growth (2015–2020): +21%
Camberwell
Houses
Median sale price (current): $2,599,000
Past 5 years growth (2020–2025): +26%
Previous 5 years growth (2015–2020): +19%
Units
Median sale price (current): $883,000
Past 5 years growth (2020–2025): +6%
Previous 5 years growth (2015–2020): +15%
Caulfield
Houses
Median sale price (current): $2,250,000
Past 5 years growth (2020–2025): +36%
Previous 5 years growth (2015–2020): +21%
Units
Median sale price (current): $810,000
Past 5 years growth (2020–2025): +8%
Previous 5 years growth (2015–2020): +19%
Collingwood
Houses
Median sale price (current): $1,135,000
Past 5 years growth (2020–2025): +12%
Previous 5 years growth (2015–2020): +26%
Units
Median sale price (current): $610,000
Past 5 years growth (2020–2025): -4%
Previous 5 years growth (2015–2020): +7%
Elsternwick
Houses
Median sale price (current): $1,860,000
Past 5 years growth (2020–2025): +6%
Previous 5 years growth (2015–2020): +28%
Units
Median sale price (current): $700,000
Past 5 years growth (2020–2025): +7%
Previous 5 years growth (2015–2020): +14%
Elwood
Houses
Median sale price (current): $2,158,000
Past 5 years growth (2020–2025): +11%
Previous 5 years growth (2015–2020): +28%
Units
Median sale price (current): $651,000
Past 5 years growth (2020–2025): -5%
Previous 5 years growth (2015–2020): +14%
Fitzroy
Houses
Median sale price (current): $1,685,000
Past 5 years growth (2020–2025): +23%
Previous 5 years growth (2015–2020): +25%
Units
Median sale price (current): $757,000
Past 5 years growth (2020–2025): +2%
Previous 5 years growth (2015–2020): +19%
Glen Iris
Houses
Median sale price (current): $2,300,000
Past 5 years growth (2020–2025): +15%
Previous 5 years growth (2015–2020): +25%
Units
Median sale price (current): $729,000
Past 5 years growth (2020–2025): +3%
Previous 5 years growth (2015–2020): +22%
Hawthorn
Houses
Median sale price (current): $2,900,000
Past 5 years growth (2020–2025): +26%
Previous 5 years growth (2015–2020): +30%
Units
Median sale price (current): $580,000
Past 5 years growth (2020–2025): +4%
Previous 5 years growth (2015–2020): +1%
Malvern
Houses
Median sale price (current): $6,100,000
Past 5 years growth (2020–2025): +36%
Previous 5 years growth (2015–2020): +53%
Units
Median sale price (current): $1,326,000
Past 5 years growth (2020–2025): -18%
Previous 5 years growth (2015–2020): -5%
Prahran
Houses
Median sale price (current): $1,550,000
Past 5 years growth (2020–2025): +3%
Previous 5 years growth (2015–2020): +23%
Units
Median sale price (current): $520,000
Past 5 years growth (2020–2025): -6%
Previous 5 years growth (2015–2020): +1%
Richmond
Houses
Median sale price (current): $1,372,000
Past 5 years growth (2020–2025): +9%
Previous 5 years growth (2015–2020): +25%
Units
Median sale price (current): $565,000
Past 5 years growth (2020–2025): -4%
Previous 5 years growth (2015–2020): +10%
South Yarra
Houses
Median sale price (current): $2,153,000
Past 5 years growth (2020–2025): +16%
Previous 5 years growth (2015–2020): +28%
Units
Median sale price (current): $550,000
Past 5 years growth (2020–2025): -8%
Previous 5 years growth (2015–2020): +5%
St Kilda
Houses
Median sale price (current): $1,560,000
Past 5 years growth (2020–2025): 0%
Previous 5 years growth (2015–2020): +23%
Units
Median sale price (current): $520,000
Past 5 years growth (2020–2025): -2%
Previous 5 years growth (2015–2020): +7%
Toorak
Houses
Median sale price (current): $4,728,000
Past 5 years growth (2020–2025): +6%
Previous 5 years growth (2015–2020): +26%
Units
Median sale price (current): $815,000
Past 5 years growth (2020–2025): -25%
Previous 5 years growth (2015–2020): +25%
Williamstown
Houses
Median sale price (current): $1,572,000
Past 5 years growth (2020–2025): +18%
Previous 5 years growth (2015–2020): +26%
Units
Median sale price (current): $700,000
Past 5 years growth (2020–2025): -1%
Previous 5 years growth (2015–2020): +21%
Windsor
Houses
Median sale price (current): $1,405,000
Past 5 years growth (2020–2025): +2%
Previous 5 years growth (2015–2020): +32%
Units
Median sale price (current): $538,000
Past 5 years growth (2020–2025): 0%
Previous 5 years growth (2015–2020): +5%
