How Melbourne's 1980s property boom created a wealth gap that locked out young buyers forever
The Baby Boomers really did have it better when it comes to housing.
Shock new figures show that inflation and wage growth has accounted for only a tiny fraction of Melbourne's property price rises since the 1980s.
Instead, decades of undersupply of new homes and generations of Victorians bidding up prices have driven prices to levels that will permanently keep today's first-home buyers out of some suburbs.
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Today's $900,000 median house price would more than cover the cost of a 1980s Toorak house, $160,500 at the time or about $824,000 in today's money.
The suburb's typical residence is now worth $4.8m, almost six times higher, and far in front of inflation.
Suburbs like Malvern, Brighton, Kew and Albert Park have also recorded inflation-adjusted increases of between $2m and $3m.
Even in more affordable pockets, younger generations are now struggling to enter the same markets their parents once bought into with modest incomes and low deposits.
PropTrack senior economist Eleanor Creagh said the data 'lays bare' the widening generational wealth divide, and shows just how much opportunity has been locked behind property prices.
'Homeowners who bought in the '80s or '90s are now sitting on huge capital gains,' Ms Creagh said.
'Today's first-home buyers face a completely different market, higher deposits, higher debt burdens, and affordability stretched close to record lows.'
According to the Australian Bureau of Statistics, the average weekly earnings for full-time adults in March 1980 were just $245.70, or around $12,800 a year.
Adjusted for inflation, that's roughly equivalent to $54,600 in today's dollars.
In contrast, the latest ABS figures show average full-time earnings are now $1,975.80 a week, or just over $102,000 annually.
While that represents a fourfold increase, house prices in some Melbourne suburbs have surged more than 30-fold over the same period.
Even in outer suburbs like Ferntree Gully, once a launch pad for working-class homeownership, prices have soared.
A house that cost $46,000 in 1980 — about $236,000 today — now has a median of over $870,000.
And while Baby Boomers frequently cite double-digit interest rates in the 1980s — which reached as high as 17 per cent by 1989 — Ms Creagh said they were borrowing far smaller sums relative to income.
'It's a very different landscape,' she said.
'Back then, prices were much lower relative to wages.
'Today, you're borrowing more, for longer, just to get in.'
M R Advocacy director and buyers' agent Madeleine Roberts said modern buyers were being forced to think strategically, even creatively, just to get a foot on the ladder.
'It's not about buying your forever home anymore,' Ms Roberts said.
'It's about building equity, through rentvesting, buying in growth corridors, or even interstate'
'Everyone wants the dream home, but the reality is you've got to start somewhere. And that somewhere often looks very different now.'
Ms Roberts said while many young buyers still dreamt of owning property, their journey was shaped more by investment strategy than lifestyle goals.
'In the '80s you could live out of home, get married young and buy a place not long after,' she said.
'These days you might be living at home into your late 20s just to save.'
Kay & Burton managing director Ross Savas said prestige suburbs like Toorak, Malvern and Armadale continue to attract intergenerational wealth, and will likely become even harder to access in decades to come.
'There's a new wave of wealth entering the market — tech entrepreneurs, global buyers, young professionals,' Mr Savas said.
'But it's underpinned by long-held family wealth.
'People still talk about the homes they missed out on 20 years ago. I've no doubt they'll be saying the same thing in another 20.'
Mr Savas said the enduring appeal of Stonnington postcodes came down to lifestyle, elite schools, vibrant retail, and proximity to the CBD, but also scarcity.
'This is still one of the last asset classes in Australia that benefits from tax-free capital growth,' he said.
'That makes it a wealth-building opportunity as well as a lifestyle choice.'
While today's buyers are unlikely to see the same meteoric gains their parents did, PropTrack senior economist Eleanor Creagh said Melbourne housing still held long-term potential, especially as population pressures and supply constraints continue.
'You may not get Toorak, but you can still build wealth,' Ms Creagh said.
'Start where you can, let compound growth work for you.
'The earlier you start, the more options you'll have.'
Top Melbourne suburbs where house prices soared since 1980
Suburb 1980's Average Price 1980 Price (Indexed to 2025) 2025 Projected Price Difference (2025 – 1980)
Toorak $160,500 $824,200 $4.80m $4.64m
Deepdene $66,450 $341,200 $3.81m $3.75m
Canterbury $70,500 $362,000 $3.48m $3.40m
Malvern $65,000 $333,800 $3.19m $3.12m
Hawthorn $66,085 $339,300 $3.07m $3.00m
Brighton $79,750 $409,500 $3.03m $2.95m
Balwyn $49,500 $254,200 $2.90m $2.85m
Middle Park $61,000 $313,200 $2.67m $2.61m
Kew $60,500 $310,700 $2.66m $2.60m
Camberwell $62,000 $318,400 $2.58m $2.52m
Hawthorn East $60,000 $308,100 $2.50m $2.44m
Armadale $68,500 $351,800 $2.44m $2.38m
Mont Albert $53,000 $272,200 $2.42m $2.37m
Eaglemont $59,250 $304,300 $2.41m $2.35m
Ivanhoe East $67,500 $346,600 $2.38m $2.31m
Black Rock $60,250 $309,400 $2.35m $2.29m
Albert Park $47,750 $245,200 $2.32m $2.27m
Hampton $47,000 $241,300 $2.32m $2.27m
Surrey Hills $49,000 $251,600 $2.31m $2.26m
Balwyn North $66,000 $338,900 $2.31m $2.24m
Glen Iris $53,325 $273,800 $2.26m $2.20m
Caulfield North $69,000 $354,300 $2.23m $2.16m
Caulfield $57,723 $296,400 $2.20m $2.14m
Park Orchards $74,350 $381,800 $2.20m $2.13m
Kew East $57,750 $296,500 $2.17m $2.11m
Elwood $50,000 $256,800 $2.14m $2.09m
Sandringham $51,500 $264,500 $2.06m $2.01m
Brighton East $58,000 $297,800 $2.04m $1.98m
Malvern East $50,000 $256,800 $2.00m $1.95m
Beaumaris $61,000 $313,200 $2.00m $1.94m
Elsternwick $52,000 $267,000 $1.95m $1.90m
South Yarra $70,000 $359,500 $1.94m $1.86m
Ashburton $40,500 $208,000 $1.87m $1.83m
Ormond $41,375 $212,500 $1.86m $1.82m
Alphington $35,500 $182,300 $1.84m $1.80m
Aberfeldie $42,000 $215,700 $1.81m $1.77m
McKinnon $41,500 $213,100 $1.80m $1.76m
Sorrento $35,000 $179,700 $1.79m $1.75m
Ivanhoe $46,500 $238,800 $1.76m $1.72m
Fitzroy $48,250 $247,800 $1.72m $1.67m
Caulfield South $46,000 $236,200 $1.72m $1.67m
Essendon $42,500 $218,200 $1.71m $1.67m
Templestowe $68,000 $349,200 $1.72m $1.65m
Carnegie $38,000 $195,100 $1.68m $1.64m
Mont Albert North $48,500 $249,000 $1.65m $1.61m
Box Hill $36,000 $184,900 $1.65m $1.61m
Glen Waverley $51,500 $264,500 $1.66m $1.61m
St Kilda East $61,500 $315,800 $1.66m $1.60m
Princes Hill $57,250 $294,000 $1.65m $1.59m
Carlton North $49,500 $254,200 $1.64m $1.59m
Fairfield $31,500 $161,800 $1.60m $1.57m
Mount Waverley $48,000 $246,500 $1.62m $1.57m
Murrumbeena $40,000 $205,400 $1.61m $1.57m
Northcote $29,250 $150,200 $1.60m $1.57m
Strathmore $46,500 $238,800 $1.61m $1.57m
Bentleigh $42,000 $215,700 $1.61m $1.57m
Donvale $52,975 $272,000 $1.61m $1.56m
Mount Eliza $65,000 $333,800 $1.61m $1.55m
Doncaster East $51,000 $261,900 $1.58m $1.53m
Clifton Hill $39,000 $200,300 $1.56m $1.52m
Port Melbourne $36,000 $184,900 $1.55m $1.52m
Lower Plenty $57,000 $292,700 $1.58m $1.52m
St Kilda $42,000 $215,700 $1.54m $1.50m
Williamstown $36,000 $184,900 $1.52m $1.49m
South Melbourne $44,000 $225,900 $1.53m $1.49m
Prahran $43,500 $223,400 $1.53m $1.49m
Fitzroy North $40,875 $209,900 $1.51m $1.47m
Blackburn $42,500 $218,200 $1.51m $1.47m
Moonee Ponds $36,000 $184,900 $1.48m $1.44m
Bentleigh East $41,500 $213,100 $1.48m $1.44m
Ashwood $38,250 $196,400 $1.47m $1.43m
Parkdale $37,975 $195,000 $1.46m $1.42m
North Warrandyte $55,000 $282,400 $1.45m $1.40m
Vermont South $60,000 $308,100 $1.46m $1.40m
Mount Martha $44,800 $230,000 $1.44m $1.40m
Hughesdale $30,650 $157,400 $1.43m $1.40m
Doncaster $59,000 $303,000 $1.45m $1.39m
Highett $38,000 $195,100 $1.43m $1.39m
Hampton East $38,500 $197,700 $1.42m $1.38m
Box Hill South $40,000 $205,400 $1.42m $1.38m
Thornbury $30,000 $154,100 $1.39m $1.36m
Windsor $42,750 $219,500 $1.40m $1.36m
Warrandyte $50,125 $257,400 $1.40m $1.35m
Richmond $34,000 $174,600 $1.38m $1.35m
Balaclava $39,000 $200,300 $1.38m $1.34m
Wheelers Hill $55,000 $282,400 $1.40m $1.34m
Heidelberg $48,000 $246,500 $1.37m $1.33m
Somers $44,000 $225,900 $1.36m $1.32m
Blairgowrie $29,035 $149,100 $1.35m $1.32m
Brunswick East $29,000 $148,900 $1.35m $1.32m
Carlton $50,000 $256,800 $1.37m $1.32m
Burwood $40,500 $208,000 $1.36m $1.32m
Rosanna $47,000 $241,300 $1.36m $1.31m
Blackburn South $40,500 $208,000 $1.33m $1.29m
Templestowe Lower $60,000 $308,100 $1.34m $1.28m
Box Hill North $39,000 $200,300 $1.32m $1.28m
Oakleigh $32,000 $164,300 $1.31m $1.27m
Mentone $49,000 $251,600 $1.31m $1.26m
Aspendale $35,500 $182,300 $1.29m $1.26m
Mordialloc $35,000 $179,700 $1.30m $1.26m
Edithvale $33,000 $169,500 $1.29m $1.26m
Blackburn North $40,000 $205,400 $1.29m $1.25m
Brunswick West $33,000 $169,500 $1.28m $1.25m
Bulleen $49,000 $251,600 $1.30m $1.25m
Ascot Vale $34,250 $175,900 $1.28m $1.25m
North Melbourne $41,750 $214,400 $1.28m $1.24m
Burwood East $45,500 $233,600 $1.29m $1.24m
Brunswick $28,000 $143,800 $1.26m $1.23m
Cremorne $30,000 $154,100 $1.26m $1.23m
Vermont $44,500 $228,500 $1.28m $1.23m
Eltham North $52,050 $267,300 $1.27m $1.22m
McCrae $33,000 $169,500 $1.25m $1.22m
Moorabbin $42,975 $220,700 $1.27m $1.22m
Niddrie $37,000 $190,000 $1.25m $1.22m
Newport $26,000 $133,500 $1.25m $1.22m
Abbotsford $30,800 $158,200 $1.23m $1.20m
Essendon North $37,250 $191,300 $1.23m $1.19m
Wantirna South $41,800 $214,600 $1.22m $1.18m
Clayton $33,100 $170,000 $1.21m $1.18m
Eltham $49,500 $254,200 $1.22m $1.17m
Chadstone $35,250 $181,000 $1.20m $1.17m
Ringwood North $43,500 $223,400 $1.22m $1.17m
Cheltenham $43,500 $223,400 $1.20m $1.16m
Oakleigh East $35,500 $182,300 $1.19m $1.15m
Patterson Lakes $37,360 $191,800 $1.18m $1.14m
Oakleigh South $37,875 $194,500 $1.18m $1.14m
Forest Hill $41,000 $210,500 $1.19m $1.14m
Collingwood $31,000 $159,200 $1.17m $1.14m
Pascoe Vale South $36,500 $187,400 $1.17m $1.13m
Preston $30,500 $156,600 $1.16m $1.13m
Altona $36,000 $184,900 $1.17m $1.13m
Coburg $29,625 $152,100 $1.16m $1.13m
Viewbank $52,000 $267,000 $1.17m $1.12m
Safety Beach $31,000 $159,200 $1.15m $1.12m
Macleod $41,000 $210,500 $1.15m $1.11m
Frankston South $45,000 $231,100 $1.16m $1.11m
Nunawading $38,000 $195,100 $1.15m $1.11m
Keilor $55,750 $286,300 $1.16m $1.10m
Spotswood $26,500 $136,100 $1.12m $1.10m
Mitcham $37,000 $190,000 $1.14m $1.10m
Kingsville $24,000 $123,200 $1.12m $1.10m
Yarraville $25,500 $130,900 $1.12m $1.09m
Seddon $20,000 $102,700 $1.10m $1.08m
Montmorency $39,975 $205,300 $1.11m $1.08m
Maribyrnong $33,125 $170,100 $1.10m $1.07m
Mornington $35,000 $179,700 $1.10m $1.06m
Wantirna $44,500 $228,500 $1.10m $1.06m
Olinda $40,000 $205,400 $1.10m $1.06m
Kensington $25,000 $128,400 $1.08m $1.05m
Mulgrave $40,000 $205,400 $1.09m $1.05m
Dingley Village $44,000 $225,900 $1.07m $1.03m
Rowville $36,630 $188,100 $1.05m $1.02m
Flemington $30,250 $155,300 $1.04m $1.01m
Diamond Creek $41,000 $210,500 $1.05m $1.01m
Pascoe Vale $35,000 $179,700 $1.03m $1.00m
Heathmont $38,925 $199,900 $1.04m $999,075
Bonbeach $30,975 $159,100 $1.02m $994,025
Greensborough $43,500 $223,400 $1.03m $991,500
Oak Park $38,500 $197,700 $1.03m $989,000
Ringwood $38,500 $197,700 $1.02m $981,500
Clarinda $39,000 $200,300 $1.01m $974,000
Keilor East $44,000 $225,900 $1.02m $974,000
Yallambie $49,000 $251,600 $1.01m $963,000
Croydon North $42,000 $215,700 $1.00m $958,500
Ringwood East $34,975 $179,600 $991,000 $956,025
Rye $28,000 $143,800 $975,000 $947,000
Coburg North $32,000 $164,300 $972,500 $940,500
Dromana $30,000 $154,100 $970,000 $940,000
Gisborne $44,500 $228,500 $980,000 $935,500
Avondale Heights $40,000 $205,400 $975,000 $935,000
Scoresby $40,000 $205,400 $970,000 $930,000
Wandin North $30,650 $157,400 $960,000 $929,350
Chelsea $35,000 $179,700 $962,500 $927,500
Hurstbridge $37,500 $192,600 $960,000 $922,500
Briar Hill $46,400 $238,300 $968,000 $921,600
Footscray $23,000 $118,100 $943,000 $920,000
Emerald $35,350 $181,500 $950,000 $914,650
Chelsea Heights $35,950 $184,600 $945,000 $909,050
Yarra Glen $30,000 $154,100 $935,000 $905,000
Altona North $37,650 $193,300 $942,500 $904,850
Montrose $37,000 $190,000 $941,500 $904,500
Taylors Lakes $46,950 $241,100 $950,000 $903,050
Watsonia $37,600 $193,100 $940,000 $902,400
Airport West $36,000 $184,900 $937,500 $901,500
Clayton South $38,470 $197,500 $937,000 $898,530
West Footscray $26,000 $133,500 $920,000 $894,000
Knoxfield $37,250 $191,300 $928,500 $891,250
Keysborough $38,500 $197,700 $908,000 $869,500
Bayswater North $37,300 $191,500 $894,800 $857,500
Reservoir $34,000 $174,600 $890,000 $856,000
Croydon South $36,500 $187,400 $890,000 $853,500
Croydon $36,000 $184,900 $888,000 $852,000
Carrum $29,750 $152,800 $880,500 $850,750
Heidelberg Heights $35,500 $182,300 $880,000 $844,500
Watsonia North $42,600 $218,800 $886,600 $844,000
The Basin $33,000 $169,500 $871,000 $838,000
Ferntree Gully $36,350 $186,700 $873,000 $836,650
Tootgarook $29,000 $148,900 $865,000 $836,000
Berwick $41,625 $213,700 $875,000 $833,375
Tecoma $31,000 $159,200 $860,000 $829,000
Bayswater $37,200 $191,000 $865,000 $827,800
Upper Ferntree Gully $30,750 $157,900 $856,500 $825,750
Monbulk $35,000 $179,700 $860,200 $825,200
Upwey $33,500 $172,000 $857,600 $824,100
Somerville $34,000 $174,600 $855,000 $821,000
Tyabb $34,950 $179,500 $850,000 $815,050
Boronia $35,500 $182,300 $850,000 $814,500
Hadfield $35,000 $179,700 $848,800 $813,800
Langwarrin $39,000 $200,300 $850,000 $811,000
Bundoora $42,000 $215,700 $852,000 $810,000
Springvale $33,000 $169,500 $842,000 $809,000
Lilydale $33,225 $170,600 $840,000 $806,775
Mount Evelyn $31,000 $159,200 $835,000 $804,000
Belgrave $31,000 $159,200 $835,000 $804,000
Chirnside Park $45,000 $231,100 $842,500 $797,500
Maidstone $27,500 $141,200 $820,000 $792,500
Seaford $33,000 $169,500 $825,000 $792,000
Springvale South $38,000 $195,100 $820,000 $782,000
Keilor Park $45,000 $231,100 $824,200 $779,200
Glenroy $34,000 $174,600 $811,000 $777,000
Mooroolbark $36,475 $187,300 $812,500 $776,025
Endeavour Hills $38,950 $200,000 $810,000 $771,050
Kingsbury $36,125 $185,500 $800,000 $763,875
Healesville $29,750 $152,800 $792,500 $762,750
Kilsyth $36,500 $187,400 $795,000 $758,500
Heidelberg West $28,875 $148,300 $780,000 $751,125
Sunshine $27,000 $138,600 $773,500 $746,500
Mill Park $43,975 $225,800 $790,000 $746,025
Noble Park North $37,000 $190,000 $775,000 $738,000
Noble Park $35,000 $179,700 $770,000 $735,000
Rosebud $27,500 $141,200 $760,000 $732,500
Fawkner $35,000 $179,700 $766,500 $731,500
Keilor Downs $41,350 $212,300 $765,000 $723,650
Cockatoo $27,275 $140,100 $750,000 $722,725
Dandenong North $38,000 $195,100 $755,000 $717,000
Albion $25,500 $130,900 $737,500 $712,000
Braybrook $24,475 $125,700 $735,000 $710,525
Narre Warren $34,995 $179,700 $745,000 $710,005
Sunshine North $30,000 $154,100 $735,000 $705,000
Tullamarine $43,675 $224,300 $745,000 $701,325
Frankston $36,000 $184,900 $735,000 $699,000
Baxter $32,000 $164,300 $730,000 $698,000
Hallam $37,000 $190,000 $730,000 $693,000
Gladstone Park $42,000 $215,700 $734,000 $692,000
Altona Meadows $39,000 $200,300 $730,000 $691,000
Capel Sound $29,200 $149,900 $720,000 $690,800
Yarra Junction $25,750 $132,200 $715,000 $689,250
Launching Place $34,000 $174,600 $722,000 $688,000
Thomastown $39,000 $200,300 $720,000 $681,000
Crib Point $25,500 $130,900 $705,000 $679,500
Carrum Downs $34,950 $179,500 $711,000 $676,050
Dandenong $34,440 $176,900 $710,000 $675,560
Whittlesea $39,975 $205,300 $712,500 $672,525
Lalor $37,500 $192,600 $701,000 $663,500
Woori Yallock $27,000 $138,600 $690,000 $663,000
Kealba $39,000 $200,300 $700,000 $661,000
Warburton $22,500 $115,500 $667,500 $645,000
Sunshine West $36,000 $184,900 $680,000 $644,000
Ardeer $30,500 $156,600 $672,500 $642,000
Hastings $33,950 $174,300 $670,000 $636,050
Sunbury $37,000 $190,000 $670,000 $633,000
Deer Park $35,000 $179,700 $667,000 $632,000
Hampton Park $34,950 $179,500 $665,000 $630,050
Cranbourne $33,250 $170,700 $660,000 $626,750
Epping $40,248 $206,700 $665,000 $624,752
St Albans $35,000 $179,700 $655,000 $620,000
Westmeadows $44,250 $227,200 $660,000 $615,750
Diggers Rest $34,500 $177,200 $650,000 $615,500
Pakenham $36,900 $189,500 $650,500 $613,600
Craigieburn $37,500 $192,600 $650,000 $612,500
Hoppers Crossing $38,000 $195,100 $621,000 $583,000
Campbellfield $38,000 $195,100 $621,000 $583,000
Frankston North $24,625 $126,500 $605,000 $580,375
Kings Park $36,500 $187,400 $615,000 $578,500
Albanvale $35,000 $179,700 $612,000 $577,000
Millgrove $23,350 $119,900 $597,500 $574,150
Werribee $35,973 $184,700 $610,000 $574,027
Doveton $27,250 $139,900 $600,000 $572,750
Jacana $30,000 $154,100 $602,000 $572,000
Bacchus Marsh $39,400 $202,300 $610,000 $570,600
Broadmeadows $28,000 $143,800 $592,500 $564,500
Laverton $30,000 $154,100 $590,000 $560,000
Wyndham Vale $33,775 $173,400 $575,500 $541,725
Coolaroo $29,000 $148,900 $560,000 $531,000
Dallas $31,000 $159,200 $555,000 $524,000
Melton West $35,050 $180,000 $540,000 $504,950
Melton South $30,500 $156,600 $519,200 $488,700
Melton $30,000 $154,100 $475,000 $445,000
Source: PropTrack
Top Melbourne suburbs where unit prices soared since 1980
Suburb 1980's Average Price 1980 Price (Indexed to 2025) 2025 Projected Price Difference (2025 – 1980)
Brighton $61,000 $313,200 $1.31m $1.25m
Beaumaris $49,600 $254,700 $1.28m $1.23m
Black Rock $47,000 $241,300 $1.27m $1.23m
Brighton East $49,750 $255,500 $1.19m $1.14m
Mount Waverley $40,000 $205,400 $1.09m $1.05m
Canterbury $44,250 $227,200 $1.08m $1.04m
Toorak $60,250 $309,400 $990,000 $929,750
Glen Waverley $47,950 $246,200 $946,500 $898,550
Hampton $41,000 $210,500 $927,500 $886,500
Vermont $45,125 $231,700 $928,900 $883,775
Caulfield South $34,000 $174,600 $900,000 $866,000
Camberwell $47,000 $241,300 $895,500 $848,500
Clifton Hill $24,300 $124,800 $870,000 $845,700
Surrey Hills $42,075 $216,100 $870,000 $827,925
Mitcham $37,625 $193,200 $863,000 $825,375
Kew $54,225 $278,400 $879,000 $824,775
Bentleigh East $30,000 $154,100 $850,000 $820,000
Box Hill North $40,500 $208,000 $858,000 $817,500
Balwyn $50,000 $256,800 $851,800 $801,800
Williamstown $38,500 $197,700 $840,000 $801,500
Aspendale $30,000 $154,100 $822,200 $792,200
Nunawading $34,250 $175,900 $825,000 $790,750
Glen Iris $37,625 $193,200 $820,000 $782,375
Parkdale $33,750 $173,300 $802,500 $768,750
Mont Albert $44,500 $228,500 $800,000 $755,500
Mornington $34,500 $177,200 $757,000 $722,500
Fairfield $18,500 $95,000 $735,000 $716,500
Clayton $33,500 $172,000 $750,000 $716,500
Hughesdale $36,000 $184,900 $746,500 $710,500
Bonbeach $28,375 $145,700 $730,800 $702,425
Murrumbeena $27,000 $138,600 $722,500 $695,500
Ringwood East $36,500 $187,400 $730,000 $693,500
Greensborough $38,000 $195,100 $728,000 $690,000
Ivanhoe $44,000 $225,900 $730,000 $686,000
Mordialloc $29,000 $148,900 $713,800 $684,800
Elsternwick $37,250 $191,300 $722,000 $684,750
Altona $36,000 $184,900 $720,000 $684,000
Bentleigh $34,000 $174,600 $711,000 $677,000
Chelsea $29,875 $153,400 $705,000 $675,125
Armadale $33,125 $170,100 $702,500 $669,375
Malvern $41,250 $211,800 $709,000 $667,750
Mentone $33,750 $173,300 $690,000 $656,250
Cheltenham $33,358 $171,300 $683,000 $649,642
Bayswater $31,500 $161,800 $680,000 $648,500
Croydon $32,000 $164,300 $680,000 $648,000
Sandringham $41,250 $211,800 $687,500 $646,250
Ferntree Gully $32,300 $165,900 $665,500 $633,200
Elwood $28,500 $146,300 $660,000 $631,500
Northcote $21,000 $107,800 $650,000 $629,000
Boronia $33,000 $169,500 $660,500 $627,500
Glen Huntly $40,000 $205,400 $666,000 $626,000
Thornbury $21,000 $107,800 $645,000 $624,000
Heidelberg $41,500 $213,100 $665,000 $623,500
Carnegie $34,250 $175,900 $650,000 $615,750
Fitzroy North $30,000 $154,100 $645,000 $615,000
Seaford $33,000 $169,500 $645,000 $612,000
Blackburn $40,000 $205,400 $652,000 $612,000
Pascoe Vale $34,500 $177,200 $645,000 $610,500
Caulfield North $36,500 $187,400 $641,000 $604,500
Preston $31,500 $161,800 $631,200 $599,700
Bayswater North $30,500 $156,600 $630,000 $599,500
Highett $34,500 $177,200 $631,800 $597,300
Ormond $24,000 $123,200 $620,000 $596,000
Capel Sound $32,625 $167,500 $627,500 $594,875
Reservoir $32,000 $164,300 $625,000 $593,000
Springvale $30,500 $156,600 $622,000 $591,500
Springvale South $33,000 $169,500 $621,500 $588,500
St Kilda East $30,000 $154,100 $610,000 $580,000
Ringwood $35,700 $183,300 $615,000 $579,300
West Footscray $30,000 $154,100 $609,000 $579,000
Doncaster $43,750 $224,700 $608,000 $564,250
Hawthorn $38,159 $195,900 $599,500 $561,341
Brunswick $27,250 $139,900 $588,000 $560,750
Balaclava $27,000 $138,600 $585,800 $558,800
Richmond $19,950 $102,400 $575,000 $555,050
Malvern East $36,500 $187,400 $588,500 $552,000
Box Hill $36,250 $186,100 $586,000 $549,750
Hawthorn East $30,250 $155,300 $577,500 $547,250
Glenroy $33,000 $169,500 $580,000 $547,000
Oakleigh $37,000 $190,000 $583,500 $546,500
Coburg $28,000 $143,800 $572,000 $544,000
Essendon $37,000 $190,000 $580,000 $543,000
Moonee Ponds $35,750 $183,600 $572,500 $536,750
St Kilda West $25,750 $132,200 $550,000 $524,250
Noble Park $31,500 $161,800 $555,000 $523,500
Frankston $33,000 $169,500 $550,000 $517,000
Tullamarine $41,000 $210,500 $557,500 $516,500
Ascot Vale $25,000 $128,400 $539,000 $514,000
Footscray $22,750 $116,800 $530,000 $507,250
Windsor $30,000 $154,100 $535,500 $505,500
Brunswick West $27,000 $138,600 $530,000 $503,000
South Yarra $38,000 $195,100 $540,000 $502,000
Albion $19,750 $101,400 $520,000 $500,250
Burwood East $47,000 $241,300 $542,000 $495,000
St Kilda $24,125 $123,900 $505,000 $480,875
Maribyrnong $24,450 $125,600 $490,000 $465,550
Prahran $33,000 $169,500 $491,800 $458,800
Cranbourne $26,975 $138,500 $480,000 $453,025
Dandenong $29,000 $148,900 $472,500 $443,500
Parkville $63,500 $326,100 $500,000 $436,500
North Melbourne $32,500 $166,900 $465,000 $432,500
Melbourne $47,000 $241,300 $440,000 $393,000
Carlton $66,500 $341,500 $342,500 $276,000
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Queensland farmers urge home gardeners to be vigilant as tomato virus strategy shifts
Queensland farmers are urging home gardeners planting tomatoes, chillies and capsicums to be vigilant over fears a highly contagious virus will spread. The state is continuing to restrict the movement of seeds, plants and fruit, as well as machinery, equipment and packaging from areas affected by tomato brown rugose fruit virus (ToBRFV). First detected in South Australia last year, it has since been found on a farm in Victoria, but experts and industry have abandoned eradication efforts and will instead move to a management strategy. Farmers, fearing hundreds of millions of dollars in losses, are pleading with industry and home gardeners alike to hold the line. The virus is not harmful to humans, but causes brown or yellow spots to appear on leaves, fruit and stems of tomatoes, capsicums and chillies. The infected fruit can ripen irregularly or be deformed. It can reduce crop yields by 70 per cent, and there is no treatment or commercially available varieties of tomato that are resistant to the disease. Acting Victorian chief plant health officer Stephen Dibley said efforts to rid Australia of the virus had failed. "The biology of the virus makes it very hard to eradicate," Dr Dibley said. Queensland remains free of the virus, but Dr Dibley said there could be undetected cases. "We're still trying to understand where these new detections have come from." As well as tomatoes, Queensland grows 66 per cent of the national capsicum crop and 90 per cent of the chilli crop. Biosecurity Queensland chief plant health manager Michael Reid said the movement control order was extended for three months on March 16. Once it expired, Mr Reid said a team of experts would revisit the order to assess the risk to Queenslanders and production systems. "We will be taking a risk-based approach to our regulation, making sure that we protect our industries," he said. In significant growing areas like Bundaberg, farmers are conducting voluntary in-field testing for peace of mind that their crops are virus-free. Over the past 10 months, farmer group Bundaberg Fruit and Vegetable Growers has held almost weekly biosecurity meetings to monitor where locals are sourcing their seedlings from. Chief executive Bree Watson said the National Management Group's decision would change how farmers managed and monitored the virus. "It shifts the responsibility for monitoring and containing it more onto industry and individual businesses than it does on government departments," Ms Watson said. She urged home gardeners to take part in the biosecurity effort and learn what to look for in their own vegetable patches. "They should be checking their plants regularly for anything that's showing signs of disease." Ms Watson said it was especially important for home gardeners to make sure their seeds and seedlings came from reputable suppliers. Despite being far from the southern border, north Queensland's tomato-growing region around Bowen, south of Townsville, was on high alert. "This tomato virus is a little humdinger," Bowen-Gumlu Growers Association president Carl Walker said. "We've got hundreds of millions of dollars a year just in tomatoes alone in this region … it could seriously destroy the tomato industry across Australia if it's allowed to spread. "It's a wake-up call for all growers to be very vigilant with their biosecurity because it can destroy our industry just, bang, like that. "If we do get it, God help us … it's hundreds of millions of dollars' worth of production and thousands of jobs, which is not what our economy needs." While the state has yet to contend with an outbreak, the virus is already causing losses. New Zealand suspended imports from all Australian states apart from Queensland when the virus was detected in South Australia. Tomato and capsicum seeds from Australia must also be tested before they arrive. In 2023, Australia sent more than 530,000 kilograms of tomatoes to New Zealand. While exports account for only a small portion of sales compared to the $500 million domestic market, Ms Watson said it was a vital avenue for growers who had access to it. In a statement, New Zealand's Ministry for Primary Industries said: "We are closely monitoring the situation in Australia and if there is any significant change in distribution, or which crops it (ToBRFV) is affecting, we will review the current import rules." "Although Australia has announced they will no longer be pursuing eradication, all of the controls that have been in place to limit spread of the virus remain."
ABC News
an hour ago
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Respect Victoria challenges men to question masculinity stereotypes in new ad campaign
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ABC News
an hour ago
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Here are the current rules on isolating when you're sick this flu season
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