Your short term data is flaw... LOL, you should look at realestate with at least 5 yrs term view (because you live in a house). Of the top 10, Box Hill was the closest to the CBD at 14km east. The suburb scored up 28.4 per cent annual growth and a whopping 103.8 per cent increase over the past five years to hit a median of $1,622,991.
https://www.realestate.com.au/news/victorias-most-consistent-suburbs-for-capital-growth-revealed/
VICTORIA’S MOST CONSISTENT GROWTH SUBURBS
Suburb / property type / median / annual growth / 3yr growth / 5yr growth
The cream of the crop:
1. Wallan (houses): $533,062 / 36.8% / 55.2% / 63.1%
2. Hastings (units): $410,955 / 33.6% / 43.7% / 43%
3. Cockatoo (houses): $577,029 / 32.6% / 56.6% / 71.5%
4. Coolaroo (houses): $479,758 / 32.2% / 64.8% / 66.7%
5. Melton (houses): $403,497 / 32.1% / 54.3% / 69.5%
6. Crib Point (houses): $564,151 / 31.1% / 50.3% / 67.6%
7. Rosebud (units): $509,709 / 28.6% / 40.3% / 48.9%
8. Box Hill (houses): $1,622,991 / 28.4% / 66.6% / 103.8%
9. Dallas (houses): $463,403 / 27.6% / 50.8% / 63.9%
10. Hastings (houses): $533,070 / 27.5% / 58% / 62.1%
Average growth in 5 yrs is between 43% to 103%.
