The 43 Victorian suburbs where average property prices have surged over $1 million

Hundreds of Australian suburbs have joined the million dollar club in the past 12 months, according to new figures.

There were 33 Melbourne suburbs and 10 regional Victorian areas where average prices have soared above $1 million in the past year.

Corelogic research analyst Kaytlin Ezzy says it’s not surprising.

“This year we saw a lot of the outer-east and outer-north crack that market,” she said of the Melbourne suburbs joining the million dollar club.

Press PLAY below to hear more about the suburbs cracking the $1 million mark

The 30 Melbourne suburbs where median house prices soared above $1 million in the past year:

• Tootgarook
• Rowville
• Dromana
• McCrae
• Coburg North
• Kallista
• Footscray
• Diamond Creek
• Yallambie
• Mount Dandenong
• Knoxfield
• Keilor
• Gembrook
• Gisbourne
• Clarinda
• Mulgrave
• Riddells Creek
• Scoresby
• Greensborough
• Ringwood
• Emerald
• Chelsea Heights
• Avondale Heights
• Keilor East
• Selby
• Montrose
• Pearcedale
• Chirnside Park
• Beaconsfield
• Kilsyth South

Median unit prices in three suburbs also cracked $1 million:

• Aspendale (units)
• Bentleigh East (units)
• Mont Albert North (units)

The 10 regional Victorian areas where property prices soared above $1 million in the past year:

• Apollo Bay
• Woodend
• Bright
• Wandana Heights
• Manifold Heights
• Highton
• Inverloch
• Lake Wendouree
• Port Fairy
• Portarlington