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Melbourne’s Most Valuable Suburbs

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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 www.propertydata.com.au, here are the median house price of the 78 suburbs of Melbourne:

SuburbJun-15 Median
TOORAK$3,400,000
MIDDLE PARK*$2,840,000
CANTERBURY$2,499,000
MALVERN$2,345,000
CAMBERWELL$2,114,000
BALWYN$2,105,888
ARMADALE*$2,053,500
HAWTHORN EAST$2,040,000
BALWYN NORTH$2,000,000
HAWTHORN$1,932,500
CAULFIELD NORTH*$1,927,500
MONT ALBERT*$1,877,000
PORTSEA*$1,862,500
KEW$1,860,000
BRIGHTON$1,860,000
GLEN IRIS$1,842,500
SURREY HILLS$1,800,000
EAGLEMONT*$1,765,000
KEW EAST*$1,749,500
ALBERT PARK*$1,710,000
SOUTH YARRA$1,662,500
BRIGHTON EAST$1,600,888
MALVERN EAST$1,599,000
HAMPTON$1,580,000
ELWOOD*$1,550,000
CAULFIELD*$1,536,500
BOX HILL*$1,535,000
ELSTERNWICK*$1,530,000
MCKINNON*$1,529,000
IVANHOE EAST*$1,525,000
ASHBURTON*$1,525,000
MONT ALBERT NORTH*$1,470,000
PORT MELBOURNE$1,445,000
BEAUMARIS$1,440,000
SANDRINGHAM*$1,430,000
BLACK ROCK*$1,387,500
MOUNT WAVERLEY$1,331,500
PARK ORCHARDS*$1,331,300
TEMPLESTOWE$1,300,000
ABERFELDIE*$1,300,000
FITZROY*$1,295,000
FITZROY NORTH$1,282,000
BURWOOD$1,271,000
CAULFIELD SOUTH$1,264,000
GLEN WAVERLEY$1,260,000
ORMOND*$1,258,500
ESSENDON$1,250,000
BENTLEIGH$1,250,000
SOUTH MELBOURNE*$1,250,000
ST KILDA*$1,245,000
CARNEGIE*$1,230,000
MURRUMBEENA*$1,221,500
PRAHRAN$1,216,000
BLACKBURN$1,215,000
CARLTON*$1,208,500
ST KILDA EAST*$1,208,000
DONCASTER$1,185,000
IVANHOE*$1,175,000
HEIDELBERG*$1,168,000
BULLEEN$1,168,000
BOX HILL SOUTH*$1,164,750
RICHMOND$1,162,500
CARLTON NORTH*$1,160,000
ASHWOOD*$1,157,500
FAIRFIELD*$1,147,000
DONVALE$1,140,000
BOX HILL NORTH$1,137,500
DONCASTER EAST$1,101,888
WARRANDYTE*$1,100,000
WILLIAMSTOWN$1,076,500
STRATHMORE*$1,074,000
CLIFTON HILL*$1,055,000
ABBOTSFORD*$1,043,000
MOONEE PONDS$1,030,000
VERMONT SOUTH$1,015,000
HUGHESDALE*$1,001,000
TEMPLESTOWE LOWER$1,000,500
BLACKBURN NORTH*$1,000,000