Median house prices increase

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House prices bucked the trend the metro Melbourne trend in Hume and Whittlesea with the median house price increasing according to new data.

The Real Estate Institute of Victoria released its most recent data, showing the median house price in Metro Melbourne decreased by 2.2 per cent in three months to December.

The majority of suburbs in Hume and Whittlesea had a median house price increase for the same period.

Greenvale had the biggest jump in three months to December, with the median house price increasing by 10 per cent, to $880,000.

It makes Greenvale the most expensive place to buy a house in Hume.

The median price increased by 4.2 per cent in Campbellfield, 4.9 per cent in Gladstone Park, 3.2 per in Roxburgh Park, 3.6 per cent in Broadmeadows and 1.6 per cent in Mickleham.

On the other side, the median price dropped by 7.8 per cent in Meadows Heights, one per cent in Dallas and 1.1 per cent in Westmeadows.

Dallas has the lowest median price in Hume at $510,000, with all suburbs well below the metro Melbourne median price of $909,000.

In Whittlesea, the majority of suburbs also had a median house price increase.

Bundoora led the way with a 10.7 per cent increase in the December quarter, with the median price now $853,000.

Mill Park’s median house price increased to 3.5 per cent and South Morang’s increased to 4.7 per cent.

While there was no quarterly data for Yarrambat, the median house price increased 10.4 per cent last year.

The average median house price in Yarrambat is $2.11 million, the most expensive in the Whittlesea municipality.

Whittlesea itself had its median house price drop in the last quarter, dropping 6.8 per cent to $788,000.

The median house price also dropped in Lalor and Thomastown, which both dropped by less than one per cent, and still below the metro Melbourne average.