City of BoroondaraEconomic profile

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City of Boroondara

Housing prices

At June 2016, the median house valuation in the City of Boroondara was $944,897 higher compared to Victoria.

This indicator shows the value of houses and units in the City of Boroondara and wider region during the period 2011-2016. Housing values are an indicator of the level of demand for housing in the area, as well as the type of housing available. Housing demand may be related to the desirability of the area and proximity to major employment destinations.

Value of houses
Value of houses Victoria: $522,857 Victoria: $474,887 Victoria: $451,630 Victoria: $424,044 Victoria: $434,894 Victoria: $450,955 Greater Melbourne: $650,140 Greater Melbourne: $582,067 Greater Melbourne: $539,700 Greater Melbourne: $498,619 Greater Melbourne: $515,646 Greater Melbourne: $543,193 City of Boroondara: $1,818,743 City of Boroondara: $1,633,270 City of Boroondara: $1,396,527 City of Boroondara: $1,166,093 City of Boroondara: $1,186,726 City of Boroondara: $1,253,853
Source: Hometrack 2011-2016, Housing Valuation System
Value of units
Value of units Victoria: $463,503 Victoria: $438,867 Victoria: $423,673 Victoria: $386,032 Victoria: $395,676 Victoria: $410,576 Greater Melbourne: $490,558 Greater Melbourne: $466,412 Greater Melbourne: $449,745 Greater Melbourne: $410,461 Greater Melbourne: $423,013 Greater Melbourne: $440,801 City of Boroondara: $664,384 City of Boroondara: $659,133 City of Boroondara: $620,453 City of Boroondara: $532,923 City of Boroondara: $564,986 City of Boroondara: $584,595
Source: Hometrack 2011-2016, Housing Valuation System
Median housing value
HousesUnits
Year (at June)City of BoroondaraGreater MelbourneVictoriaCity of BoroondaraGreater MelbourneVictoria
2011$1,253,853$543,193$450,955$584,595$440,801$410,576
2012$1,186,726$515,646$434,894$564,986$423,013$395,676
2013$1,166,093$498,619$424,044$532,923$410,461$386,032
2014$1,396,527$539,700$451,630$620,453$449,745$423,673
2015$1,633,270$582,067$474,887$659,133$466,412$438,867
2016$1,818,743$650,140$522,857$664,384$490,558$463,503

Source: Hometrack 2011-2016, Housing Valuation System.

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