Which suburb is the most expensive in Melbourne?

5 km southeast of the CBD, you’ll find Melbourne’s most expensive suburb, Toorak. With a median house price of $3.1 million, this area is known as the Beverly Hills of Melbourne.

What is the most expensive street in Melbourne?

Chrystobel Crescent in Hawthorn, where Silver Top Taxi boss Kevin Gange sold No. 7 (pictured), is the priciest street in Melbourne, according to Ray White. 28 Grange Rd, Toorak – on one of the city’s most expensive streets – is for sale for $24m.

Where do rich people stay in Melbourne?

There are over 35 suburbs in the city of Melbourne, but there are several of these suburbs that are considered the most affluent in the area. These three suburbs are Toorak, Hawthorn, and Brighton.

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.

What is the safest suburb in Melbourne?

Melbourne’s safest suburbs are…

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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.

Is Double Bay Expensive?

Double Bay is an affluent harbour side suburb with beautiful leafy streets, alfresco dining and fashion boutiques. With a luxury residential portfolio of waterfront mansions, Victorian terraces and contemporary townhouses, the suburb’s median house price sits at just over A$6 million.

What is Australia’s most expensive suburb?

1. Darling Point, Sydney NSW. The most expensive suburb in Australia has a median house price of $7.06 million.

Is Coogee a rich suburb?

It has a median price of $2.1 million. It is one of the southeast’s most expensive suburbs but Coogee isn’t quite prestige yet. … Coogee has a median house price of $2.61 million. Prices have grown by 13.5 per cent.

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.

What is the most expensive house in Melbourne?

47 Lansell Rd, Toorak, is the priciest single residence on the Melbourne market at the moment, at $40m-$44m.

Is Glenris expensive?

With a median unit price of $686,500, Glen Iris is higher than Victoria’s median unit price of $590,000. When it comes to renting, the Glen Iris median unit rental price per week is $395 which makes renting more expensive than Victoria’s average of $385.

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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.