Million Dollar Suburbs
Million dollar price tags in Melbourne are becoming the norm as recent data now puts 42 suburbs above the $1 million median house price bracket. Are the suburbs in your area on the list?
Based on data covering the last 12 months, REIV (Real Estate Institute of Victoria) has found that nearly 50% of Melbourne neighbourhoods are now million-dollar plus properties, with median house prices ranging from $1,010,000 in Flinders, on Victoria’s picturesque Mornington Peninsula, to $2,600,000 in CBD neighbouring suburb East Melbourne and many in between. Thanks to Charlotte Cossar for the article (details below)
- Albert Park $1,276,250
- Alphington $1,017,500
- Armadale $1,660,250
- Balwyn $1,315,000
- Balwyn North $1,033,500
- Black Rock $1,050,000
- Brighton $1,750,000
- Brighton East $1,075,000
- Camberwell $1,331,500
- Canterbury $1,800,000
- Caulfield $1,247,500
- Caulfield North $1,278,750
- Deepdene $2,512,500
- Eaglemont $1,310,000
- East Melbourne $2,600,000
- Elsternwick $1,160,500
- Elwood $1,342,000
- Flinders $1,010,000
- Glen Iris $1,200,000
- Hampton $1,132,500
- Hawthorn $1,426,500
- Hawthorn East $1,215,500
- Ivanhoe $1,020,000
- Ivanhoe East $1,270,000
- Kangaroo Ground $1,155,000
- Kew $1,380,000
- Kew East $1,060,000
- Malvern $1,471,500
- Malvern East $1,050,000
- Middle Park $1,340,000
- Mont Albert $1,095,000
- Parkville $1,280,000
- Portsea $1,150,000
- Princes Hill $1,098,250
- Red Hill $1,250,000
- Red Hill South $1,687,500
- Sandringham $1,103,000
- South Yarra $1,360,500
- St Kilda West $1,487,500
- Surrey Hills $1,191,500
- Toorak $2,225,000
- Yarrambat $1,045,000
Source: REIV
Charlotte Cossar has been involved in the real estate industry for the past 15 years in Australia and New Zealand, mainly as a real estate commentator, author, editor and agent.
Passionate about all things real estate, Charlotte enjoys spending her spare time attending ‘open for inspections’ just to keep in touch with the market.
