City of MonashEconomic profile
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City of Monash

Housing prices

At June 2016, the median house valuation in the City of Monash was $319,129 higher compared to Victoria.

This indicator shows the value of houses and units in the City of Monash 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: $604,680 Victoria: $522,857 Victoria: $474,887 Victoria: $451,630 Victoria: $424,044 Victoria: $434,894 Victoria: $450,955 Greater Melbourne: $756,971 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 Monash: $1,210,110 City of Monash: $1,051,903 City of Monash: $926,231 City of Monash: $770,759 City of Monash: $675,410 City of Monash: $668,497 City of Monash: $711,808
Source: Hometrack 2011-2016, Housing Valuation System
Value of units
Value of units Victoria: $496,468 Victoria: $463,503 Victoria: $438,867 Victoria: $423,673 Victoria: $386,032 Victoria: $395,676 Victoria: $410,576 Greater Melbourne: $523,246 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 Monash: $656,862 City of Monash: $631,571 City of Monash: $581,925 City of Monash: $529,939 City of Monash: $488,057 City of Monash: $483,141 City of Monash: $510,777
Source: Hometrack 2011-2016, Housing Valuation System
Median housing value
HousesUnits
Year (at June)City of MonashGreater MelbourneVictoriaCity of MonashGreater MelbourneVictoria
2011$711,808$543,193$450,955$510,777$440,801$410,576
2012$668,497$515,646$434,894$483,141$423,013$395,676
2013$675,410$498,619$424,044$488,057$410,461$386,032
2014$770,759$539,700$451,630$529,939$449,745$423,673
2015$926,231$582,067$474,887$581,925$466,412$438,867
2016$1,051,903$650,140$522,857$631,571$490,558$463,503
2017$1,210,110$756,971$604,680$656,862$523,246$496,468

Source: Hometrack 2011-2016, Housing Valuation System.

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