Median Price Trends by Region

Melbourne’s South East is currently outperforming the broader city median, with Frankston, Kingston, Dandenong, and Knox appearing in the top 10 highest-growth regions (Cotality/OpenAgent, January 2026). This reflects a two-speed market where affordable outer-suburban houses are seeing sustained price growth, though rate hikes in February and March 2026 have introduced new uncertainty. Buyers are increasingly […]

Median prices in the South East corridor have seen sustained growth, led by Frankston with 14.3% annual growth and a median of $856,746 (Cotality, January 2026). Other key regions including Kingston, Dandenong, and Knox have reported annual growth ranging from 7.6% to 8.8% (Cotality, January 2026). Buyers are currently balancing the momentum of a strong

Melbourne’s South East continues to experience price growth in early 2026, with Frankston leading the state with an annual increase of 14.3% (Cotality/OpenAgent, January 2026). While Melbourne’s overall median dwelling value saw a slight dip in the March quarter of 2026 (-0.6%, PropertyUpdate/Cotality), the region benefits from gentrification in areas like Frankston and Cheltenham, and

Melbourne’s property market is displaying a two-speed dynamic in early 2026, with overall dwelling values increasing by approximately 5.4% annually to early 2026 (Cotality). However, recent monthly growth has slowed, with values flat in February 2026 after a +0.2% increase in January (Cotality Home Value Index). The strongest growth is currently concentrated in more affordable,