Last year, Melbourne did well, despite being the most locked-down city in the world.
Despite all the restrictions, Melbourne produced strong price growth, particularly for houses.
Although some markets have plateaued with sales volumes, Regional Victoria continues to deliver exceptional price performance, led by Bendigo, Ballarat and Geelong, but with stand-out growth results in towns right across the state.
The number of places with rising sales activity has dropped from the peak achieved earlier in the year, but remains well above the historic average.
Even at a time of widespread and strong price growth across Australia, the results in Regional Victoria are exceptional, with virtually all towns and suburbs recording annual growth in their median house prices.