Average suburbs housing prices in Melbourne By amy.foyster Jan 1, 1996 Average price was approx. $138,000 Period: Jan 1, 1996 to Jan 1, 2010 Relevant time Jun 1, 2000 Average price was approx. $200,000 Jan 1, 2004 Average price was approx. $315,000 Jan 1, 2008 Average price was approx. $380,000 Jan 1, 2010 Average price was approx. $475,000