Analysis of changes in the median value of houses in suburbs within 20k of the CBD over the medium term shows some interesting trends.
In order to smooth out some of the volatility present in the short term this analysis focuses on median value growth over a five year period.
The data shows that owners at a range of price points and locations have recorded very healthy increases in value. There are three suburbs with median values in excess of $1 million in the top ten list based on median value growth over the past five years. These three suburbs, Hawthorn East, Middle Park and Ashburton have all recorded a rise in median values of more than 45 per cent over the five years to May 2014.
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