Melbourne is one of the most livable cities in the world but according to the latest global cost-of-living survey by The Economist Intelligence Unit, Melbourne is currently the world’s sixth most expensive city.

If you are looking for a prime location and high quality housing, then you have to prepare as Melbourne’s median house value is in excess of $1 million with Toorak being at the number one spot with a $3.4 million median house value as of June 2015.


Powered by, here are the median house price of the 78 suburbs of Melbourne:

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