Melbourne suburbs tipped for six-figure house price gains

Melbourne could have 372 suburbs with typical house values above $1m by 2036, almost double today’s 188, if historical growth patterns repeat, according to realestate.com.auHomeowners in 69 Melbourne suburbs could see six-figure house-value gains by 2031, with cheaper neighbourhoods leading the charge if history repeats.New realestate.com.au modelling puts five-year growth in those suburbs at 25 per cent or more.Langwarrin tops the rankings, with its typical $875,000 house potentially reaching $1.14m, a gain of almost $269,000.RELATED: Ex-Demons boss, TV star seeks $5m+ Brighton property dealOld church conversion part of a grander planBand’s $120m empire lost in property collapse But million-dollar house suburbs could almost double, from 188 in 2026 to 372 by 2036.Only 23 of Melbourne’s 395 analysed house markets would remain below $1m under that scenario.Eight of the top 10 have typical values below $1m, with Frankston North and Mickleham following Langwarrin.Under the separate 10-year scenario, 285 suburbs would gain at least 50 per cent.Langwarrin leads Melbourne’s modelled five-year house-price growth rankings, with its typical $875,000 house potentially reaching $1.14m by 2031...