Sydney house prices surges as Melbourne values plummet during six months of COVID-19 in Australia

Sydney house prices surges as Melbourne values plummet during six months of COVID-19 in Australia

Comments Off on Sydney house prices surges as Melbourne values plummet during six months of COVID-19 in Australia

1. Malvern East, Melbourne’s south-east: down 8.8 per cent to $1,340,123

2. Malvern, Melbourne’s south-east: down 7.4 per cent to $1,825,032

3. Albert Park, Melbourne’s inner-south: down 7 per cent to $1,736,980

4. Beaumaris, Melbourne’s south-east: down 6.5 per cent to $1,510,794

5. Black Rock, Melbourne’s south-east: down 5.9 per cent to $1,355,709

6. Glen Iris, Melbourne’s south-east: down 5.9 per cent to $1,555,407

7.  Byford, Perth’s south-east: down 5.8 per cent to $365,072

8.  Maddington, Perth’s south-east: down 5.7 per cent to $281,048

9.  Carlton, Melbourne’s inner-north: down 5.6 per cent to $353,844

10.  Kew, Melbourne’s south-east: down 5.4 per cent to $1,260,250

11. Canterbury, Melbourne’s inner-east: down 5.2 per cent to $2,315,486

12. Surrey Hills, Melbourne’s inner-east: down 4.6 per cent to $1,567,799

13. Cabramatta, Sydney’s south-west: down 4.5 per cent to $460,681

14. South Perth, Perth’s south-east: down 4.3 per cent to $600,992

15. Bulimba, Brisbane’s east: down 4.3 per cent to $813,999

16. Hamilton, Brisbane’s inner-north: down 4.3 per cent to $499,389

17. Aspendale, Melbourne’s south-east: down 4.2 per cent to $1,008,733

18. Hampton, Melbourne’s south-east: down 4.1 per cent to $1,436,049

19. Fitzroy North, Melbourne’s inner-north: down 3.9 per cent to $1,127,123

20. Brighton East, Melbourne’s south-east: down 3.8 per cent to $1,600,438 

Source: CoreLogic data on the biggest increases between January and June 2020 based on suburbs with 20 or more sales. Prices are median values for houses and apartments

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Manoj Prajapati

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