Latest news with #firsthomebuyers
Daily Telegraph
12 hours ago
- Business
- Daily Telegraph
Home prices adjusted to inflation expose huge baby boomer wealth
Hopeful Sydney homebuyers are paying substantially more money for properties relative to the cost of everything else than any recent generation before them, alarming new analysis has revealed – rubbishing claims baby boomers had it harder because of higher interest rates. The exclusive PropTrack study showed current prices were four times higher than in 1980 once adjusted for inflation, with a typical house back then costing $65,000, the same as $338,000 in today's money. It's a far sight from the $1.47 million Sydney houses are typically selling for in 2025. The research measured housing costs across each decade, showing property prices over the 1990s, 2000s and 2010s were also markedly cheaper than today when compared to other living costs at the time. Sydney's $187,000 median house price in 1990 was equivalent to $447,300 in today's money, while the $285,000 median in 2000 was worth $544,000 in 2025 dollars. MORE: 40yo 'disappointed' he only has 300 homes Even buyers who snapped up homes in 2010 paid significantly less than today in real terms. The average house back then cost $600,000, which would translate to about $874,300 once adjusted for inflation. SEE WHAT HOMES REALLY USED TO COST IN YOUR SUBURB REA Group economist Eleanor Creagh said the incredible differences in the real cost of housing over the decades showed current first-home buyers faced challenges like no generation before them. 'To boil down the challenges for first-home buyers to overspending on travel or smashed avocado is narrow and simplistic,' she said. 'Every generation has its own unique struggles but on the whole today's buyers are navigating a fundamentally different landscape with structural housing barriers baby boomers did not have. 'The deposit and stamp duty burden is much higher, affordability is more stretched and prices have vastly outpaced wage growth.' Ms Creagh said home prices in 2025 were significantly more expensive than the real costs of housing in the 1980s, 1990s and 2000s because of sweeping cultural, social and economic changes. These included the rise of dual income families as the predominant class of buyers and an interrupted run of economic growth between 1991 and 2020 that saw Australia stave off a recession. Markedly lower interest rates than in the 1980s and 1990s, and the resulting boost in spending power this gave buyers, was another factor that drove up prices, Ms Creagh said. Building costs have also risen. 'There are a lot of factors,' she said. 'The Australian population has grown by about 10 million since the 1980s and most of that growth has been concentrated in city markets where the supply of new housing has been constrained. 'There's also been a cultural shift. Property is a much more popular vehicle for wealth creation and when you combine that with economic deregulation and tax incentives, it's helped push prices up.' PropTrack economist Angus Moore said the lower prices paid by previous generations, even once adjusted for inflation, indicated younger people had a harder entry into the housing market. '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,' Mr Moore said. Young people were taking longer to enter the market, relying more on family support to stump up a deposit, or making use of government incentives to buy with a smaller deposit, Mr Moore said. McGrath Hunters Hill agent Antonios Kanis said decades of price gains, while being an incredible wealth creator for owners, have come with a downside. 'Some homeowners want to move but can't because if they sold they wouldn't be able to get back into their own area. There's always a shortage of stock and that keeps prices high,' Mr Kanis said. Among the homeowners in this position are Wareemba residents Georgia and Malcolm Clark: they wanted to upsize from their current duplex to a house in the area but prices have exploded in the eight years since they bought. 'We love it here, it's got such a great community, but we've become priced out,' Ms Clark said, adding that they were now selling up their home at 345 Great North Rd and planning to relocate to a cheaper area. 'Those recent rate cuts will help with borrowing power but we also think it might heat up prices. We just hope that because we are buying and selling in the same market it will balance out.'
News.com.au
18 hours ago
- Business
- News.com.au
Home prices adjusted to inflation expose huge baby boomer wealth
Hopeful Sydney homebuyers are paying substantially more money for properties relative to the cost of everything else than any recent generation before them, alarming new analysis has revealed – rubbishing claims baby boomers had it harder because of higher interest rates. The exclusive PropTrack study showed current prices were four times higher than in 1980 once adjusted for inflation, with a typical house back then costing $65,000, the same as $338,000 in today's money. It's a far sight from the $1.47 million Sydney houses are typically selling for in 2025. The research measured housing costs across each decade, showing property prices over the 1990s, 2000s and 2010s were also markedly cheaper than today when compared to other living costs at the time. Sydney's $187,000 median house price in 1990 was equivalent to $447,300 in today's money, while the $285,000 median in 2000 was worth $544,000 in 2025 dollars. Even buyers who snapped up homes in 2010 paid significantly less than today in real terms. The average house back then cost $600,000, which would translate to about $874,300 once adjusted for inflation. REA Group economist Eleanor Creagh said the incredible differences in the real cost of housing over the decades showed current first-home buyers faced challenges like no generation before them. 'To boil down the challenges for first-home buyers to overspending on travel or smashed avocado is narrow and simplistic,' she said. 'Every generation has its own unique struggles but on the whole today's buyers are navigating a fundamentally different landscape with structural housing barriers baby boomers did not have. 'The deposit and stamp duty burden is much higher, affordability is more stretched and prices have vastly outpaced wage growth.' Ms Creagh said home prices in 2025 were significantly more expensive than the real costs of housing in the 1980s, 1990s and 2000s because of sweeping cultural, social and economic changes. These included the rise of dual income families as the predominant class of buyers and an interrupted run of economic growth between 1991 and 2020 that saw Australia stave off a recession. Markedly lower interest rates than in the 1980s and 1990s, and the resulting boost in spending power this gave buyers, was another factor that drove up prices, Ms Creagh said. Building costs have also risen. 'There are a lot of factors,' she said. 'The Australian population has grown by about 10 million since the 1980s and most of that growth has been concentrated in city markets where the supply of new housing has been constrained. 'There's also been a cultural shift. Property is a much more popular vehicle for wealth creation and when you combine that with economic deregulation and tax incentives, it's helped push prices up.' PropTrack economist Angus Moore said the lower prices paid by previous generations, even once adjusted for inflation, indicated younger people had a harder entry into the housing market. '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,' Mr Moore said. Young people were taking longer to enter the market, relying more on family support to stump up a deposit, or making use of government incentives to buy with a smaller deposit, Mr Moore said. McGrath Hunters Hill agent Antonios Kanis said decades of price gains, while being an incredible wealth creator for owners, have come with a downside. 'Some homeowners want to move but can't because if they sold they wouldn't be able to get back into their own area. There's always a shortage of stock and that keeps prices high,' Mr Kanis said. Among the homeowners in this position are Wareemba residents Georgia and Malcolm Clark: they wanted to upsize from their current duplex to a house in the area but prices have exploded in the eight years since they bought. 'We love it here, it's got such a great community, but we've become priced out,' Ms Clark said, adding that they were now selling up their home at 345 Great North Rd and planning to relocate to a cheaper area. 'Those recent rate cuts will help with borrowing power but we also think it might heat up prices. We just hope that because we are buying and selling in the same market it will balance out.'
News.com.au
18 hours ago
- Business
- News.com.au
Buying a home 5 times harder now than in 1980
It is now five times harder for young Queenslanders to buy their first home than it was for their Boomer and Gen-X parents, according to shock new analysis exposing the enduring impact of the nation's longest property boom. Extensive PropTrack analysis over 45 years shows a typical house in Brisbane, which cost just $32,750 in 1980, is now valued at an astounding 420 per cent more in 2025 when adjusted for inflation. That's because the $32,750 spent on a home in 1980 equates to about $174,600 today, but the current median house price has skyrocketed to $910,000. The analysis reveals how much harder it is for the current generation to buy property compared to their parents' era, and has prompted experts to sound the alarm for first home buyers as saving for a deposit becomes more out of reach than ever before. SEE WHAT HOMES REALLY USED TO COST IN YOUR SUBURB PropTrack economist Angust 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. '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,' Mr Moore said. He said lower interest rates now than the 1980s and early 1990s, when they surged to a high of 17 per cent, had helped drive up property prices in that time due to greater competition and demand. Brisbane's median value surged from $32,750 in December 1980 to $95,000 in December 1990, $152,000 in 2000, $465,000 in 2010, and $910,000 by March 2025. Brisbane units show a slightly less dramatic trend, rising from $38,750 in 1980 to $636,000 today. The trend played out differently across suburbs, with blue-chip as well as entry-level areas included among the most striking examples of real price growth. A typical home in inner-city Hawthorne, priced at $2.125m in 2025, is worth more than ten times its inflation-adjusted 1980 value of $164,500. In Woodridge, homes cost $24,950 45 years ago – equal to about $133,000 today. But the Logan suburb's current median house price is $650,000. The long boom on the back of the Covid-19 pandemic has seen prices rise even more sharply than in the 1990s, when rates plummeted and the real estate market flourished. Newstead locals and engineers Toby Tremain and Georgia Stel, both 25, said they were being pushed out of their preferred suburb by astronomical house prices and currently preferred to rent and live in the city. 'We are both open to owning an apartment, we're not like we must have a house and live in the city,' Mr Tremain said. 'I understand that's not feasible. 'But I think the trade-off is, like living in this area right now for us is really enjoyable.' Rising prices aren't exclusive to the capital, with regional and coastal centres also recording huge real growth. On the Gold Coast, houses in Surfers Paradise were already more expensive than Brisbane in 1980 at $74,500. That figure would be equivalent to $397,200 considering rising living costs, yet a typical home in the Glitter Strip now costs $1.35m. Another Gold Coast example, Ashmore, was closer to Brisbane's median in 1980 at $43,950 — $234,300 in today's dollars. Its current house price is $1.138m. Further north, a house in Aitkenvale, Townsville had a median of $29,625 in December 1980, or $158,000 adjusted. It's now worth more than three times that amount at $514,000. Real Estate Institue of Queensland (REIQ) CEO Antonia Mercorella said price growth was driven by a chronic undersupply of housing. 'Scarcity continues to put upward pressure on prices, particularly impacting first-home buyers who now face a vastly different affordability landscape than previous generations,' Ms Mercorella said. 'If we want to enable sustainable price growth and ensure future generations the same opportunity to own a home, housing policy must be squarely focused on supply. 'Any attempt to improve affordability without significantly increasing housing stock is doomed to fall short.' Byron Bay's Beach Hotel sold for $140m Buyers agent Alex Pope said Baby Boomer and Gen X homeowners were unlocking equity in their properties to help younger family members buy through a guarantor loan. 'First-home buyers are often getting support from mum and dad, and in some ways it's very easy for the older generation who have fared really well from the market to do this,' Mr Pope said. 'As a young person who may have just started in a career, recently moved out of home and paying rent, you're in a really expensive time of life while your income is probably still quite low, so getting the deposit is the hardest part.' Mr Pope advised young buyers to treat their first home as a stepping stone – 'your first home isn't your last, but it does catapult you to the next'. By starting in a duplex, unit, or renovator, young buyers could build equity and eventually move into a more ideal property as their careers and incomes grew, he said. Only a tiny number of suburbs across Greater Brisbane remained at 2000 or even 1990 prices. Russell Island was most frequently highlighted in the data as having current prices comparable to historical values of various other suburbs. Prices in a handful of other outer suburbs including North Booval, Logan Central, Goodna and South Brisbane units were now on par with some values from 20-plus years ago. But the overwhelming majority of homes had now well-surpassed those old benchmarks, cementing a major decline in affordability.
ABC News
3 days ago
- Business
- ABC News
Liberals were too focused on homebuyer help and urban sprawl, says Andrew Bragg
The Liberal Party's reliance on urban sprawl to fix the housing crisis was "misguided" and the opposition could prioritise supply by threatening state governments, new spokesperson Andrew Bragg has said. Previously an assistant in the housing portfolio under Peter Dutton, Senator Bragg was promoted on Wednesday to shadow minister by Sussan Ley, who said he would also have "economy-wide" responsibility for productivity and deregulation. "You should have some policies which help prioritise first homeowners, but the thrust of your policy should be on the supply side," he told the ABC in an interview. "We need to look very carefully at how we ensure that the states are going to meet their end of the bargain … We need to look at the carrots and the sticks." Senator Bragg also declared himself a supporter of working from home and suggested he would focus on slashing paperwork for small business owners, whom he said Labor had neglected. Economists panned Mr Dutton's housing platform, which would have allowed first homebuyers tap into their super, secure easier loans, and enjoy tax deductions on their mortgages. Senator Bragg said it was "possible" the approach he helped to craft did too much on the demand side and could have pushed up prices. "We need to find demand-side policies which do tilt the scales in favour of first homebuyers, and which do ensure that the bank of mum and dad is not going to be the only way that a young person can get a house. [But] the supply side is very important." The main Coalition supply policy at the last election was to fund sewer pipes and connecting roads to build new homes on the urban fringe, which then-housing spokesperson Michael Sukkar said should be the location of the "Australian dream". But Senator Bragg said supply policy should not be fixated on outer suburbia. "Our policies going forward will be reviewed, but my disposition is … if we have a housing supply policy it would be deployed everywhere, in the inner city, in the regions, in the outer suburbs. "You need to infill. You need to build up where the transport infrastructure is, and the idea that you would have a scheme that would only apply to outer suburbs, I think, is very misguided … People live everywhere, frankly." Senator Bragg said Labor's proposal for the federal government to build homes itself via grants was "one of the craziest ideas I've ever heard" and would be opposed. Instead, he said the focus should be on knocking down barriers to private sector supply at state and local level and left the door open to withholding GST or other payments from states that don't do enough, an idea he floated as assistant spokesperson. "In NSW for example, Chris Minns talks a big game on housing, but the Rose Hill complex has fallen over, he's had a number of disasters under his premiership … Maybe we look at league tables, we look at working out how exactly we rank states." In his newly created portfolio of productivity and deregulation, Senator Bragg said the priority would be to advocate for unlocking more private investment. "The most jobs created in Australia in the last few years are non-market jobs. The size of the state is getting larger and larger … [but] we haven't even seen from the government discussion of what you can do to get private investment moving." He said Labor had "vacated the field" on stimulating investment and that Australia should focus on "national competitiveness". "We are in a global race to attract more investment into our jurisdiction because that will result in more jobs," he said. Treasurer Jim Chalmers has named productivity as a priority for Labor's second term and tasked the independent Productivity Commission with proposing reforms. Senator Bragg said he would "do a lot of listening" to the commission and others. He added the Coalition would prioritise regulation busting for small businesses. "My sense is that most small businesspeople feel like the government doesn't imagine that they are people," he said. "When they finish their job at the end of the day they go home and they do their compliance tasks for the government, and so they lose their recreation and family time. And so we want to free people up to have their lives back." For larger businesses, he said the federal government's standard process for assessing the impact of regulations was not a "serious process". "I think we've got to be much more rigorous about how we assess the cost of new regulation." Senator Bragg, a leading moderate, made a pointed defence of Australia's target of net zero emissions by 2050, set by the Morrison government as part of the Paris climate accords but opposed by some Nationals. "We're looking at how net zero can best be deployed in Australia as part of our policy review. We are committed to cutting emissions and that can only be done as part of an international framework, so that's our starting point," he said. Ms Ley has declined to confirm that net zero will remain Coalition policy at the end of the review, but Senator Bragg said it was the "starting point". "We signed Australia up to net zero in 2021 … There are different ways of doing that and that's a process now that [energy spokesperson] Dan Tehan will lead," he said.
News.com.au
5 days ago
- Business
- News.com.au
Victorian first-home buyer stamp duty concession scheme fails thousands
Thousands of Victorian first-home buyers are being slugged with massive tax bills as the state's primary support program for them falls short. It comes as analysis shows Victorian state opposition plans to raise the cap on the first-home buyer stamp duty concession program to $1m would add 204 suburbs to the list where market entrants don't have to pay stamp duty. Currently there are fewer than 20 where the median house price falls within the necessary parameters. 'Thrilled': one seller, three separate first-home buyers Australian Bureau of Statistics data shows there were 36,756 new first-home buyer loans issued in Victoria in the 2023-2024 financial year. The ABS stats show a further 1893 home loans were issued to first-home buyers purchasing an investment property in that same year. However, State Revenue Office data shows that just 32,849 payments were made under the first-home buyer concession scheme that waives stamp duty for purchases for up to $600,000 and provides a discount from there to $750,000. For a $750,001 home purchase stamp duty totals at $40,070, for a $1m purchase it reaches $55,000. Yesterday the Victorian opposition announced it would raise the cap to $1m in a move that would bring the state closer to the margins being offered in Queensland and NSW, as well as reflecting a federal government decision to raise the cap on their incoming Help To Buy co-buying scheme. Their modelling suggests it would help 17,000 people buy a home within a year, however would not be implemented until after at least the next state election in November, 2026 — as the party would have to first win office before it could be rolled out. PropTrack median house sale data shows there are currently 19 suburbs that fit beneath the $600,000 cap, but 204 would be applicable under the opposition's revision. Separate PropTrack sales data show that in the past week there were at least 263 homes sold in the past week would have qualified for the state's scheme on price, at the opposition's revised threshold 868 home sales in the past seven days would have. It would return former first-home buyer hubs to the list of areas available to them without having to pay a hefty tax bill, including Sunshine, Watsonia, Reservoir and Greenvale where the typical home today costs more than $750,000 and is beyond any form of stamp duty support. Real Estate Institute of Victoria interim chief executive Jacob Caine said with home values widely tipped to rise in the coming year, the state government should make the change immediately rather than waiting for the Liberal party to take it to an election. 'There's only one reason the government wouldn't make these changes today and that's because they want and need the revenue they are taking from first-home buyers for these stamp duty payments,' Mr Caine said. With research regularly showing stamp duty was an inefficient tax, he said it should not be allowed to continue stopping first-home buyers from purchasing the right home for them near where they work and where their family lives. He added that with the changes enough to add 185 suburbs to the list covered for stamp duty waivers, it would also likely slow any home price growth caused by the tax tweak. Mortgage Choice loan broker David Thurmond said the state's program needed to be reviewed, as it hadn't been updated since 2017 and there would 'definitely' be thousands buying homes outside of the current caps. 'And what has happened since? A tremendous increase to values,' Mr Thurmond said. 'It is forcing people to make compromises on the suburbs they are living in and it's meaning they have to buy a second home later on, as they grow out of their first. 'There are definitely people who could go to $800,000 if the stamp duty was removed.' The broker said while it was likely home values would rise in response to first-home buyers effectively getting a boost to their budgets, the addition of so many more suburbs to the potential buying pool would likely diffuse the impact — and the support was needed right now. By contrast, he said that none of his clients would benefit from the Allan government's stamp duty concessions for off-the-plan purchases for up to $1m. To generate more housing, Mr Thurmond said additional targeted grants at new homes would also be necessary. SUBURBS WITH HOUSES UP TO $1M Melton - $475,000 Melton South - $522,000 Kurunjang - $538,000 Melton West - $540,000 Brookfield - $550,000 Dallas - $560,000 Coolaroo - $560,000 Weir Views - $570,000 Harkness - $572,000 Wyndham Vale - $575,000 Thornhill Park - $580,500 Broadmeadows - $585,000 Laverton - $590,000 East Warburton - $590,000 Longwarry - $595,000 Millgrove - $597,500 Bacchus Marsh - $599,500 Doveton - $600,000 Meadow Heights - $600,000 Frankston North - $605,000 Werribee - $606,000 Jacana - $608,500 Maddingley - $610,000 Albanvale - $612,000 Kings Park - $618,000 Wallan - $620,000 Hoppers Crossing - $620,000 Campbellfield - $621,000 Cobblebank - $625,000 Strathtulloh - $625,000 Rockbank - $625,000 Mambourin - $626,500 Diggers Rest - $635,000 Eumemmerring - $635,000 Kalkallo - $640,000 Manor Lakes - $640,000 Badger Creek - $640,000 Deanside - $642,000 Mount Cottrell - $642,000 Darley - $649,500 Donnybrook - $650,000 Tarneit - $650,000 Craigieburn - $650,000 Pakenham - $652,000 Delahey - $652,500 Werribee South - $652,500 Roxburgh Park - $653,000 Truganina - $655,000 Beveridge - $656,500 Cranbourne - $658,500 Westmeadows - $660,000 Warburton - $660,000 St Albans - $662,500 Epping - $663,000 Hampton Park - $665,000 Junction Village - $665,000 Deer Park - $669,000 Mickleham - $669,900 Koo Wee Rup - $670,000 Hastings - $670,000 Sunbury - $675,000 Ardeer - $676,300 Wollert - $680,000 Bonnie Brook - $680,000 Cranbourne West - $683,000 Sunshine West - $685,000 Woori Yallock - $694,000 Clyde - $695,000 Fraser Rise - $697,500 Mernda - $700,000 Kealba - $700,000 Lalor - $701,000 Sydenham - $701,000 Capel Sound - $705,000 Yarra Junction - $707,500 Cranbourne East - $710,000 Lang Lang - $710,000 Carrum Downs - $711,000 Whittlesea - $715,000 Altona Meadows - $716,000 Cranbourne North - $717,000 Lancefield - $717,500 Officer - $720,000 Thomastown - $720,000 Blind Bight - $722,500 Aintree - $723,750 Clyde North - $725,000 Dandenong - $725,000 Crib Point - $727,500 Hallam - $728,000 Seville East - $729,500 South Morang - $730,000 Baxter - $730,000 Bunyip - $732,500 Gladstone Park - $733,000 Burnside Heights - $735,000 Frankston - $735,000 Sunshine North - $736,000 Braybrook - $740,000 Albion - $740,000 Launching Place - $742,500 Caroline Springs - $743,500 Garfield - $745,000 Tullamarine - $745,000 Narre Warren - $748,750 Point Cook - $750,000 Eynesbury - $750,000 Nar Nar Goon North - $750,000 Seabrook - $752,500 Doreen - $760,000 Dandenong North - $760,000 Rosebud - $760,000 Keilor Downs - $765,000 Fawkner - $766,500 Noble Park - $770,000 Noble Park North - $777,500 Brooklyn - $780,000 Sunshine - $782,500 Lynbrook - $783,000 Skye - $787,000 Burnside - $788,000 Williams Landing - $792,000 Kilsyth - $795,000 Kingsbury - $797,500 Mill Park - $798,000 Heidelberg West - $800,000 Romsey - $800,000 New Gisborne - $800,000 Keilor Park - $800,000 Hillside - $801,000 Endeavour Hills - $805,000 Mooroolbark - $812,000 Glenroy - $815,000 Narre Warren South - $815,000 Attwood - $815,000 Officer South - $820,000 Lilydale - $820,000 Seaford - $820,000 Healesville - $820,000 Maidstone - $821,000 Cranbourne South - $821,500 Coldstream - $822,500 Selby - $824,750 Silvan - $825,000 Belgrave - $827,500 Springvale - $830,000 Kalorama - $835,000 Mount Evelyn - $838,000 Springvale South - $838,000 Monbulk - $838,000 Tyabb - $840,000 Hadfield - $850,000 Seville - $850,000 Bundoora - $850,000 Chirnside Park - $850,000 Boronia - $850,000 Tootgarook - $850,500 Langwarrin - $855,000 Heathcote Junction - $855,000 Greenvale - $857,500 Tecoma - $860,000 Somerville - $863,750 Taylors Hill - $865,000 Mount Dandenong - $865,000 Upper Ferntree Gully - $866,500 Cairnlea - $870,000 Cockatoo - $870,000 Ferntree Gully - $870,000 The Basin - $873,000 Upwey - $875,000 Kallista - $875,500 Heidelberg Heights - $875,750 Wesburn - $876,250 Bayswater - $879,000 Berwick - $880,000 Cannons Creek - $887,500 Croydon - $888,000 Carrum - $888,500 Reservoir - $890,000 Botanic Ridge - $895,000 Bayswater North - $897,500 Croydon South - $897,500 Avonsleigh - $900,000 Gowanbrae - $905,000 Watsonia North - $905,000 Williamstown North - $905,000 Keysborough - $910,000 West Footscray - $915,000 Airport West - $917,500 Montrose - $920,000 Altona North - $925,000 Wandong - $925,000 Knoxfield - $930,444 Lyndhurst - $931,500 Wattle Glen - $935,000 Sassafras - $935,000 Yarra Glen - $937,500 Clayton South - $938,500 Kinglake West - $938,500 Chelsea Heights - $940,000 Watsonia - $940,500 Kinglake - $945,000 Taylors Lakes - $945,000 Pearcedale - $947,500 Dromana - $949,000 Footscray - $950,000 Chelsea - $950,000 Riddells Creek - $950,000 Rye - $950,000 Wandin North - $955,000 Scoresby - $961,000 Coburg North - $969,250 Keilor Lodge - $970,000 Emerald - $973,000 Gisborne - $980,000 Avondale Heights - $980,000 Croydon North - $987,000 Hurstbridge - $990,000 Ringwood East - $991,000 Beaconsfield - $1,000,000 Gembrook - $1,000,000 Nyora - $1,000,000
