Melbourne has defied the negative impacts of multiple long lockdowns  - including the prolonged one that ended in October 2021 - to deliver consistently solid growth in prices right across the metropolitan area.

While Melbourne’s overall price performance is less spectacular than other jurisdictions, but it is extraordinarily positive in the circumstances.

Melbourne has been declared the world’s most locked-down city. Melbourne has endured 262 days, or nearly nine months, of restrictions during six separate lockdowns since March 2020, representing the longest cumulative lockdown for any city in the world.

Despite that, 95% of Melbourne suburbs have recorded growth in their median house prices in the past year and 97% have had growth in the latest quarter. Only nine suburbs across the Melbourne metropolitan area have experienced a decline in median house prices in the latest quarter, which coincided with the city’s latest long lockdown.

Of the 283 Melbourne suburbs in our recent price analysis, 270 have recorded annual price increases, including 235 which have grown by 5% or more.

Melbourne has also maintained a surprisingly high number of suburbs with upward momentum in their sales activity.

In our latest quarterly survey, we identified 153 suburbs with rising sales activity, despite all the restrictions which afflicted the market – including a lockdown that extended from early August through to late October.

This is the third highest total of rising suburbs in the six years we have conducting these quarterly surveys.

Against that backdrop we have published our new edition of the Top 5 Melbourne Hotspots report.

Get a copy today to find out which parts of the Melbourne market are tipped to thrive in 2022, as the city embraces a new set of more favourable circumstances, which are likely to include a return of international students and an influx of overseas migrants.

Get a copy of the Top 5 Melbourne Hotspots