Values in Toorak have dropped 1.7 per cent in the past three months, and 3.4 per cent in the past year, on average.11. Caulfield North, Victoria
In Caulfield North, prices dropped 3.8 per cent in the past three months and 3.5 per cent in the past year, for a current average median dwelling price of $828,362.Fairfield in Melbourne has also seen values drop 3.5 per cent in the past year, with a four per cent drop in the past three months, to an average value of $682,616.While Bundeena homes are still worth an average of $1.4 million, they have dropped in value by 1.8 per cent in the past month and by 3.6 per cent in the past year.
But that price tag has declined 4.8 per cent in the past year, and 1.7 per cent in the past three months.Home values in Mount Eliza have fallen 4.8 per cent in the past year and 4.7 per cent in the past quarter, to a median of just over $1.5 million.Bilgola homes dropped 4.8 per cent in the past year and 1.1 per cent in the past quarter, to an average of over $2.3 million.In Flinders on the Mornington Peninsula, house prices dropped 4.3 per cent in the past quarter and 5.