« Back to Blog

Melbourne’s most desirable suburbs – June 2016



Melbourne is a beacon of culture, art and coffee but what does it cost to live in the Sporting Capital of the World? The REIV’s latest median release reveals the top 10 most expensive suburbs.

The good news is, according to the REIV, it is still possible for buyers to purchase homes in these top suburbs for less than seven-figures – without having to settle for an apartment.

For those looking for the champagne lifestyle on a budget, two-bedroom homes offer the ideal entry point in Melbourne’s most exclusive suburbs and can deliver savings of more than $500,000. For $929,000 buyers can secure a two-bedroom home in Elsternwick – almost $650,000 less than the suburb’s overall median house price of $1.5 million.

Here are the top 10 most desirable suburbs in Melbourne.

1. Elsternwick – $1,577,500
2. Ivanhoe – $1,395,000
3. Essendon – $1,377,000
4. Moonee Ponds – $1,265,000
5. Caulfield South – $1,388,000
6. Port Melbourne – $1,380,000
7. Ascot Vale – $1,141,000
8. Williamstown – $1,155,000
9. Richmond – $1,222,500
10. St Kilda – $1,190,000

 

info