Closing Bell: ASX dodges negative sentiment to climb 0.3pc as gold stocks rally
ASX climbs 0.3pc
Gold stocks surge, up almost 2pc
Retail sales soften, increasing chance of RBA rate cut
The Australian share market worked hard for its gains today, seesawing between negative and positive territory before making a convincing recovery after about 2pm AEST to climb 0.3%.
Seven of our 11 sectors ended up crossing over into the green during all that back and forth, with the defensive stock sector Utilities leading the way.
While Materials and Financials are sitting fairly middle-of-the-pack at market close, particular sub-sectors outperformed their brethren, making outsized moves on the ASX.
Gold stocks left their Materials cousins in the dust, climbing 1.9% as an index while the ASX 200 Resources added only 0.01%.
Ora Banda (ASX:OBM) shot up 7.51%, West African Resources (ASX:WAF) added 5.6%, Bellevue Gold (ASX:BGL) 4.21% and Resolute Mining (ASX:RSG) 3.28%.
The banks also outperformed other financial stocks, although as big cap stocks the movements were a little less energetic.
Westpac (ASX:WBC) jumped 2.68%, NAB (ASX:NAB) 1.33% and Commonwealth Bank (ASX:CBA) managed a positive showing of 0.87% despite some (now resolved) internet banking disruptions for its customers today.
All in all, the bourse made a fairly good showing considering the reinstatement of Trump's tariffs by a US Court of Appeals overnight and disappointing Aussie retail data for April.
Retail sales soften in April
The ABS released its retail turnover numbers for the month of April today, which contracted by 0.1% despite lifting by 0.3% in March.
'Retail spending eased in April, particularly on clothing purchases,' ABS head of business statistics Robert Ewing said.
'Clothing retailers told us that the warmer-than-usual weather for an April month saw people holding off on buying clothing items, especially new winter season stock.'
Oxford Economics lead economist Benjamin Udy said Australian consumers are wary of macroeconomic headwinds.
'Today's data shows Queenslanders returned to the shops in April, but that rebound was offset by weaker sales across all other states,' Udy said.
"The weakness outside of Queensland may be related to the stalling in the recovery consumer sentiment due to rising global trade uncertainty.
'Unless consumption picks up a little more strongly in the coming months, the RBA may cut rates even sooner than we currently expect.'
Yesterday, markets were pricing a 59% chance that the RBA would cut the cash rate to 3.6% at its next meeting.
ASX SMALL CAP LEADERS
Today's best performing small cap stocks:
Security Name Last % Change Volume Market Cap
PRM Prominence Energy 0.004 100% 114700 $778,353
ERL Empire Resources 0.005 67% 554786 $4,451,740
ASP Aspermont Limited 0.008 60% 2432297 $12,365,938
1AD Adalta Limited 0.003 50% 112186 $1,286,446
ASR Asra Minerals Ltd 0.003 50% 7479385 $5,533,072
CR9 Corellares 0.003 50% 412320 $2,011,213
LOC Locatetechnologies 0.1 43% 724138 $14,083,568
TAS Tasman Resources Ltd 0.025 39% 558543 $3,314,567
CZN Corazon Ltd 0.002 33% 700000 $1,776,858
GMN Gold Mountain Ltd 0.002 33% 296327 $8,429,639
AYT Austin Metals Ltd 0.005 25% 198136 $6,296,765
BYH Bryah Resources Ltd 0.005 25% 818236 $3,479,814
EAT Entertainment 0.005 25% 23175 $5,235,144
MQR Marquee Resource Ltd 0.01 25% 1874067 $4,466,420
PRX Prodigy Gold NL 0.0025 25% 1000000 $6,350,111
RGL Riversgold 0.005 25% 228348 $6,734,850
RLG Roolife Group Ltd 0.005 25% 7657763 $6,371,125
RNX Renegade Exploration 0.0025 25% 750000 $2,576,727
VRC Volt Resources Ltd 0.005 25% 2214605 $18,739,112
WBE Whitebark Energy 0.005 25% 100006 $2,749,334
NHE Nobleheliumlimited 0.011 22% 787895 $5,395,725
RML Resolution Minerals 0.017 21% 8629662 $7,361,016
LKY Locksleyresources 0.08 21% 44328092 $9,680,000
OLL Openlearning 0.018 20% 145461 $7,240,120
AZL Arizona Lithium Ltd 0.006 20% 10117519 $26,351,572
Making news…
Mining media company Aspermont (ASX:ASP) has clocked up its 35th straight quarter of subscription growth, with subs now making up 75% of total revenue. Recurring subscription revenue hit $11.2 million, up 4% year-on-year, while overall group revenue dipped 6% to $6.7 million. EBITDA was negative, but the company is still debt-free and sitting on $700k in cash.
Renegade Exploration (ASX:RNX) has acquired four new gold-silver and base metal projects in the Nevada Walker Lane trend, in the US state of Nevada. With gold prices still hovering around US$3,300 an ounce, the company snapped up the licences for just US$150k, in an area responsible for 70% of domestic gold production in the US.
ASX SMALL CAP LAGGARDS
Today's worst performing small cap stocks:
Security Name Last % Change Volume Market Cap
BLZ Blaze Minerals Ltd 0.002 -33% 142857 $4,700,843
ICU Investor Centre Ltd 0.002 -33% 1056 $913,534
KPO Kalina Power Limited 0.004 -33% 2520373 $17,597,818
MSG Mcs Services Limited 0.004 -33% 550000 $1,188,598
OEL Otto Energy Limited 0.004 -33% 19939911 $28,770,059
AOA Ausmon Resorces 0.0015 -25% 357633 $2,622,427
BMO Bastion Minerals 0.0015 -25% 1000000 $1,807,255
OB1 Orbminco Limited 0.0015 -25% 13220340 $4,795,136
AVE Avecho Biotech Ltd 0.004 -20% 1994020 $15,867,318
C7A Clara Resources 0.004 -20% 145000 $2,558,021
WNX Wellnex Life Ltd 0.31 -19% 115162 $26,092,038
MGA Metalsgrovemining 0.066 -19% 150000 $8,539,020
PLC Premier1 Lithium Ltd 0.009 -18% 1932229 $4,048,666
DBO Diabloresources 0.014 -18% 265439 $2,296,970
BIT Biotron Limited 0.0025 -17% 210802 $3,981,738
BP8 Bph Global Ltd 0.0025 -17% 392643 $3,152,954
DAF Discovery Alaska Ltd 0.01 -17% 25000 $2,810,816
EE1 Earths Energy Ltd 0.005 -17% 100000 $3,179,785
JAV Javelin Minerals Ltd 0.0025 -17% 2850000 $18,138,447
TEG Triangle Energy Ltd 0.0025 -17% 500999 $6,267,702
CML Connected Minerals 0.13 -16% 36159 $6,410,523
CDX Cardiex Limited 0.042 -16% 616975 $20,303,194
T88 Taitonresources 0.08 -16% 12500 $7,073,451
TG1 Techgen Metals Ltd 0.023 -15% 1341405 $4,283,974
ADG Adelong Gold Limited 0.006 -14% 70299873 $9,782,403
IN CASE YOU MISSED IT
Stockhead's Tylah Tully looks at White Cliff Minerals' (ASX:WCN) exploration at Danvers, where continuous, high-grade copper and silver mineralisation at surface has been confirmed.
Tylah also breaks down the latest from West Coast Silver (ASX:WCE),which has started drilling to test extensions of known high-grade mineralisation at its Elizabeth Hill project in Western Australia.
Trading halts
At Stockhead, we tell it like it is. While White Cliff Minerals and West Coast Silver are Stockhead advertisers, they did not sponsor this article.
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ABC News
32 minutes ago
- ABC News
Liberal dysfunction allows Labor to get away scot-free on emissions failure
One consequence of a broken, distracted and internally-focused opposition is that it gives the government leeway to do what it wants. Unencumbered. Add a thumping electoral majority to the mix and what might be considered confidence can easily morph into hubris. Labor is easily managing politically vexed problems while the dysfunction of the other side chews up endless column inches. And to be fair, the ongoing fracturing of the Coalition is indeed a compelling story. Australians voted for a House of Representatives in which as many as 110 seats out of 150 could broadly be categorised as "progressive". The remainder are conservative. That the Coalition would conclude from that result, as some conservatives loudly assert, that the answer is to veer even harder to the right by doubling down on culture wars is rather surprising. "Really? What voters really wanted was a culture war out on the right?" said former Liberal candidate and political consultant David Gazzard. "If only we'd had a big old dinger with right wing ideology they would have voted for us?" It's hard to shake the impression the Coalition continues to miss the May 3 memo from voters. Sussan Ley and David Littleproud — both perched atop the restive dragon tails of their respective party rooms — have determined that net zero needs to be debated, reviewed and potentially dumped. As one reader noted to this columnist, the whole scene is "like going to a party with old mates and realising you got your shit together and they're still on the bongs". While the Coalition figures out how to mature its energy and climate idea over the next six years — during which time the renewables rollout will continue to deepen — the real game is with the government and what it's doing and not doing to manage a series of tricky decision points. Nowhere is this more evident than Labor's move to green-light an extension to Woodside's North West shelf gas project. Given the backlash, Labor was politically canny to postpone its decision from the original deadline that would have coincided with the election. Seats the government nearly lost to climate action independents such as Fremantle in WA and Bean in the ACT would no doubt have fallen. Wills in Victoria might have gone to the Greens. Adam Bandt might still be in parliament. When it came on Wednesday, the project approval itself was no great surprise. Woodside has been jumping through existing state and federal regulatory and environmental hoops and clearing them for the best part of seven years. Manufacturing unions and WA's mining industry are delighted. Minerals Council of Australia chief Tania Constable told the ABC on Friday that future critical minerals rare earth production needs the gas at competitive prices to develop those resources. Murray Watt, who replaced Tanya Plibersek in the environment portfolio after the May 3 election, is pretty much the final rubber stamp. But by extending the operating licence for the NorthWest Shelf from 2030 to 2070, Woodside and its investment partners can now work to unlock the vast Browse Basin off the WA coast, which climate groups have branded a "carbon bomb". Watt has given Woodside until this coming week to agree to a number of final conditions. These likely relate mostly to the proximate impact on Indigenous rock art of industrial emissions released during liquefaction of gas for export. While relevant, such plant-level impacts are relatively minor. The emissions that really matter are those associated with the energy-intensive process of converting extracted gas into a liquefied form for export shipment. Alongside "fugitive emissions" from leaks and flaring, such energy use across the gas industry accounts for a significant portion of overall national emissions. Potentially up to 10 per cent a year, according to Climate Change Authority data. Critically for Labor, those "scope two" emissions don't come for free. They add to the nationwide pollution burden and they weigh on Australia's global reputation as a fossil fuel super polluter that exports "scope three" emissions at an industrial scale. Australia is about to ramp up its efforts in coming months to win hosting rights to next year's UN climate summit and younger voters continue to register alarm over the lack of urgency over climate action. All of this should be uncomfortable ground for Labor. Were the Liberals not still arguing about the basic entry-level proposition of whether net zero by 2050 should remain on their policy books, they might instead be squeezing the government over the North West shelf decision and its climate policy performance more broadly. Energy and Climate Change Minister Chris Bowen is currently awaiting advice from the Climate Change Authority on what the nation's 2035 emissions reduction target should be. Authority chairman Matt Kean — a former NSW Liberal treasurer and energy minister appointed by Labor nearly a year ago — is busy crunching the numbers on a proposed emissions target for 2035. The range the authority believes is consistent with Australia meeting its obligations to the Paris climate agreement (which seeks to limit global average temperature increases "to well below 2 degrees Celsius") would be an emissions cut of between 65 per cent and 75 per cent of the nation's level in 2005. That would extend the current 2030 target for a 43 per cent reduction. This column understands the Climate Change Authority's modelling does not currently include the impact from the Woodside extension or Browse, but that it will be significant. That work is being done now. For Bowen the yet-to-be answered question is how exactly this gets managed under his existing Safeguard Mechanism policy. A carrot and stick approach that aims to force down industrial and resources emissions in coming years, the mechanism works by penalising big polluters that fail to adopt low-emissions alternatives or by making them buy a limited pool of carbon offsets. Kean, who has plenty of experience in this space, will no doubt be urging Labor to make Woodside pay its own emissions bill rather than socialising the cost on the rest of the economy. Kean might indeed be telling Bowen that the company, which maintains an official "aspiration of net zero by 2050 or sooner", be required to source the energy it needs for its export operations from renewables rather than fossil fuels. That would be expensive. But so is decarbonising an entire economy. Watt does not appear to have put any such condition on Woodside, but that does not mean the issue now goes away. Labor is racing to pass its environmental protection legislation when parliament resumes next month. The Greens, whom Labor needs in the Senate, will again likely insist that climate impacts of big new projects like Browse be taken into consideration. Labor counters that its Safeguard Mechanism should be the primary policy of industrial emissions action. But Australians are yet to see firm evidence it's working as advertised. Indeed the government continues to whistle past the graveyard on national emissions. Official quarterly data released on Friday shows Australia's greenhouse gas reduction performance has tanked. Emissions inched lower last year by an essentially invisible 0.05 per cent to an estimated 446.4 million tonnes, the fourth year in a row that progress has stalled. To get emissions down to 350 million tonnes — the legislated 2030 target — will now require six straight years in which pollution falls by an average 3.6 per cent. A tall order, you might say. The reasons behind this weak performance are equally discouraging. Agricultural emissions fell 2 per cent last year because crop production declined. Energy emissions were up 2.2 per cent because lower hydro generation led to more reliance on coal power. Meanwhile transport was up 1.9 per cent as aviation consumption reached a record. The only good news was from industry, where emissions fell 5 per cent thanks to technology and production changes in chemicals and metals sectors. Labor's safeguard mechanism is "inadequate" for the challenges facing the nation because of emissions such as the NorthWest Shelf, warns Amanda McKenzie, CEO of the Climate Council, a group that campaigns against climate pollution. "There's no way to sequester those emissions," McKenzie says. "If you allow your fossil fuel sector to expand and you don't have tight enough targets in the safeguard that put pressure on those projects to cut emissions, then other sectors like agriculture and transport have to do more. "The idea that this is an offshore problem is entirely false because any fossil fuel project is using fossil fuels for export. "So we have to account for that climate pollution in Australia." It's a point the opposition might care to make. If it wasn't so busy toying with a world where doing nothing is the apparent answer.
News.com.au
37 minutes ago
- News.com.au
Darwin homes cheaper than in 2010
Darwin homebuyers are paying less for real estate than they were 15 years ago in all but one suburb once median property prices are adjusted for inflation. PropTrack's generational study converted past median house prices into today's dollars and found Darwin buyers were paying up to 31 per cent less for houses than they were in 2010, and up to 54 per cent less for units. Stuart Park was the only suburb where buyers were paying more today when looking at the adjusted values, with the median house price up 13 per cent from $786,700 (adjusted for inflation) to $891,000. In Gunn, buyers are paying 31 per cent less than in 2010, with the suburb recording a current average house price of $522,500 compared to a corrected price of $762,400 15 years ago. In Wagaman the difference was $228,500 or 31 per cent, while in Lyons it was $205,700 or 21 per cent. In the unit market, the adjusted median price in Driver was 54 per cent higher in 2010 compared to 2025. In Darwin City, the 2010 median unit price of $575,000 – equal to $797,100 today – dropped 52 per cent to a median of $380,000. While in Larrakeyah, the drop from the adjusted 2010 prices was 48 per cent, from $686,200 to $360,000. Is this the NT's best shower view? Home price surges predicted for NT Real Estate Central director, Michael Van De Graaf said in 2010 the Darwin property market was between two peaks influenced by major projects. 'The market took off in about 2003 with the Bechtel gas project,' he said. 'We had a bit of a downturn around about 2010 and then the market picked up again with the announcement of the Inpex project. 'We had so much work up here, but the problem was we then had strong population growth and accommodation was hard to find, so rents went through the roof. 'Initially we saw a lot of interstate investors in the market and then the local mum and dad investors. 'I'd say 2014 was the top of the market – 2010 was much more affordable than 2014.' Mr Van De Graaf said currently Darwin was the most affordable capital city in the country, with strong returns and potential for solid capital growth once again attracting investors. 'Darwin is certainly a market on the tipping point, if not already past it,' he said. 'What we're seeing now is a lot of interstate investors around that median price range. 'We're selling around about 50 per cent of properties to investors … and supply is starting to dwindle.' The PropTrack generational study also showed today's Darwin homebuyers were paying far more than those from 2000. The median house price in Bakewell 25 years ago was $53,250. Corrected for inflation, that is $97,000. Today, buyers in Bakewell are paying 400 per cent more, with the average cost of a house sitting at $485,000. In Virginia, the difference between the adjusted 2000 median house price and the current median house price was 375 per cent, while in Gunn it was 345 per cent and in Humpty Doo it was 148 per cent. PropTrack economist Angus Moore said the rapid growth in home prices since the 1990s was linked to lower interest rates during that time. The cash rate in 1990 was 17 per cent but had dropped to 6.25 per cent by the end of 2000 and 4.25 per cent by the end of 2001. Mr Moore said lower interest rates allowed for larger loans. 'When interest rates are lower, people can afford to service a larger mortgage, which then creates greater competition in the housing market and that has allowed home prices to rise much faster than wages,' he said. The Reserve Bank of Australia this month cut 25 basis points from the official cash rate to 3.85 per cent. Mr Moore said while this gave buyers a boost in borrowing power, it did not offset the growing cost of saving for a deposit. 'The deposit hurdle is just unequivocally harder than it was four or five decades ago, and that has manifested in home ownership rates which have fallen over those years,' he said. Mr Moore said young people were taking longer to enter the market, relying more on family support, or accessing government incentives to buy with a smaller deposit. 'Most first-homebuyers don't have a 20 per cent deposit available,' he said. DARWIN PROPERTY PRICES – 2010 VS 2025 HOUSES Suburb Median price 2010 Adjusted to today's $ 2025 median price Difference Gunn $550,000 $762,400 $522,500 -31% Wagaman $540,000 $748,500 $520,000 -31% Lyons $707,500 $980,700 $775,000 -21% Anula $540,000 $748,500 $545,000 -27% Karama $483,025 $669,600 $470,000 -30% Leanyer $572,500 $793,600 $598,000 -25% Wulagi $532,500 $738,200 $545,000 -26% Durack $555,500 $770,000 $579,000 -25% Millner $541,750 $751,000 $560,000 -25% Bakewell $486,250 $674,000 $485,000 -28% Woodroffe $460,000 $637,700 $450,000 -29% Farrar $547,500 $758,900 $572,500 -25% Malak $500,017 $693,100 $510,000 -26% Gray $435,000 $603,000 $420,000 -30% Moulden $426,500 $591,200 $425,000 -28% Driver $449,000 $622,400 $460,000 -26% Moil $510,000 $707,000 $547,500 -23% Tiwi $515,000 $713,900 $575,000 -19% Wanguri $535,000 $741,600 $622,500 -16% Jingili $540,000 $748,500 $630,000 -16% Rosebery $500,000 $693,100 $590,000 -15% Howard Springs $590,000 $817,900 $770,000 -6% Rapid Creek $585,000 $810,900 $800,000 -1% Humpty Doo $482,500 $668,800 $660,000 -1% Nightcliff $745,000 $1,032,700 $1,025,000 -1% Stuart Park $567,500 $786,700 $891,000 13% UNITS Suburb Median price 2010 Adjusted to today's $ 2025 median price Difference Driver $385,000 $533,700 $247,500 -54% Darwin City $575,000 $797,100 $380,000 -52% Larrakeyah $495,000 $686,200 $360,000 -48% Bakewell $392,000 $543,400 $289,000 -47% Gray $360,000 $499,000 $272,500 -45% Leanyer $407,500 $564,900 $328,000 -42% Stuart Park $540,000 $748,500 $437,100 -42% Bayview $760,000 $1,053,500 $627,500 -40% Millner $395,000 $547,500 $335,000 -39% Coconut Grove $405,000 $561,400 $370,000 -34% Parap $460,000 $637,700 $435,000 -32% Fannie Bay $480,000 $665,400 $460,000 -31% Rapid Creek $415,000 $575,300 $405,000 -30% Rosebery $395,000 $547,500 $396,000 -28% Nightcliff $303,000 $420,000 $330,000 -21%
News.com.au
37 minutes ago
- News.com.au
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. Whisk taker: Dessert Masters winner's $100k gamble 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
