What are the richest suburbs in Melbourne?

Hawthorn East, Albert Park, Glen Iris and Camberwell all jumped into Melbourne’s top 10 most expensive suburbs in the past three months, according to new quarterly sales price data from the Real Estate Institute of Victoria (REIV).

Where do wealthy people live in Melbourne?

Victoria’s 3142 postcode, which comprises Toorak and Hawksburn and sits just five kilometers south-east of Melbourne’s CBD, is home to more of Australia’s richest millionaires and billionaires than any other suburb in the country.

What is the poorest suburb in Melbourne?

Burren Junction and Drildool are listed as the poorest suburbs according to the ATO, with the figures showing zero income. In fact, Aussies in the area lost $10,000 in income on average over the year.

Which Melbourne suburb is best to live?

The 20 best Melbourne suburbs to live:

  • South Yarra – East.
  • Burwood.
  • Eltham.
  • Rowville – Central.
  • Fitzroy North.
  • Malvern – Glen Iris.
  • Glen Waverley – East.
  • Camberwell.
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What is the safest suburb in Melbourne?

Melbourne’s safest suburbs are…

Ranking Melbourne’s safest suburbs
1 Oaklands Junction/ Yuroke
2 Melbourne Airport
3 Wattle Glen
4 Kangaroo Ground & South

What is the fastest growing suburb in Melbourne?

Pakenham located 54kms south-east of the CBD, has been one of the fastest-growing suburbs in Melbourne over the last 20 years. As a result of this popular suburb being built out, demand is now increasing for the new neighbouring suburb of Pakenham East.

What is the richest suburb in Victoria?

Toorak held its position as the most expensive suburb in the city with a staggering median sale price of $5m, despite a 9.1 per cent drop on the previous quarter.

Is Glen Iris a wealthy suburb?

Glen Iris. Glen Iris is just 10 km from the city centre and home to large period homes as well as some more modern stylish apartments. Median property prices are around 1.8 million dollars here with families making up the majority of the population.

What is the most populated suburb in Melbourne?

Here are the top twenty (20) most populated suburbs in Melbourne:

  • Melbourne – 41,473.
  • Richmond – 32,848.
  • St Kilda – 28,141.
  • Brunswick – 27,123.
  • South Yarra – 22,677.
  • North Melbourne – 22,086.
  • Prahran / Windsor – 21,391.
  • Carlton – 20,575.

What is the oldest suburb in Melbourne?

Fitzroy was Melbourne’s first suburb, created in 1839 when the area between Melbourne and Alexandra Parade (originally named Newtown) was subdivided into vacant lots and offered for sale.

Which city in Australia has the most millionaires?

Sydney, the largest city of the country, attracted the highest number of millionaire immigrants in the world, with 4,000 of them making it their home in 2015.

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Where do the rich live in Australia?

Double Bay took out top spot on the Australian Taxation Office’s latest data list for the highest paid suburbs, with resident tax payers earning about $202,541 on average. The harbourside suburb was closely followed by workers in Toorak and Hawksburn, in Melbourne’s east, at $201,926.

Where do most Chinese live in Melbourne?

Home to the Melbourne’s largest Chinese population is the suburb of Box Hill, located less than 15km east of the CBD. In Box Hill, over 60% of residents are either born in China or with Chinese ancestry (35.4 per cent Chinese ancestry and 27.6 per cent China-born).

What are the bad suburbs of Melbourne?

Hampton, Albert Park, Middle Park, South Melbourne, Hawksburn, Abbotsford, Fitzroy and Collingwood were also more likely to be burgled compared to the state average. The risk of burglary is highest in country Victoria, with regional areas making up eight of the top 10 riskiest postcodes.

Where should I not live in Melbourne?

So, which are the Melbourne suburbs to avoid? It seems the closer you are to the city, the more the crime rate rises. While these areas are largely safe during the day, the areas that have been ranked the least safe in Melbourne include Melbourne City, Collingwood, Fitzroy, Campbellfield and Docklands.