The strength of inner eastern Melbourne has been mentioned a few times on the forum recently, and the figures for the June quarter are now in.
The Age 29/7/06 said:Growth was strongest in suburbs such as Camberwell, Surrey Hills, Balwyn North and Caufield South where prices shot up by between 20 and 30% on June 2005. In Hawthorn, the median jumped 42.4% in the quarter. In the past year, the suburb's [Hawthorn] median price has risen 35.7 per cent.