50 Most Expensive Suburbs in Melbourne

Toorak

Median house price of $4,700,000

Toorak Long is considered one of Melbourne’s most prestigious and affluent suburbs. Toorak is defined by its grand mansions, beautifully manicured gardens and tree-lined streets like St Georges Road. Many of Australia’s elite and old money families reside here in heritage estates or newly-built architectural masterpieces. A variety of high-end boutiques, cafes and restaurants add to the opulent character.

Gnarwarre

Median house price of $4,540,000

Gnarwarre is a small rural township located in Victoria’s Western District, approximately 230 kilometres west of Melbourne. This picturesque community is nestled in the heart of a rich agricultural region, surrounded by rolling hills and lush pastures. Known for its laid-back lifestyle and strong sense of community, Gnarwarre attracts visitors seeking a tranquil escape from the hustle and bustle of city life.

Despite its small size, Gnarwarre boasts a rich history dating back to the 19th century. The town’s heritage is deeply rooted in its agricultural past, with many families having worked the land for generations. Today, Gnarwarre remains a thriving agricultural hub, with local farmers producing a variety of crops, including grains, livestock, and dairy products.

Kooyong

Median house price of $3,730,000

Kooyong An prestigious inner suburban haven tucked between Malvern and Armadale. Best known for being home to the iconic Kooyong tennis club, which hosts the Kooyong Classic tournament. Quiet, wide tree-lined streets are dominated by grand Victorian/Edwardian mansions and luxury homes. Centrally located close to the CBD yet maintains a peaceful parklands atmosphere.

Deepdene

Median house price of $3,610,000

Deepdene This leafy eastern suburb offers a prestigious yet family-friendly lifestyle removed from the city bustle. Deepdene features a mix of historic residences like Edwardian and Victorian cottages and luxury new dwellings on beautifully manicured streets. Local shopping villages on Whitehorse Road provide amenities while residents can access the parklands and reserves nearby.

Brighton

Median house price of $3,450,000

Brighton One of Melbourne’s most desirable and affluent bayside suburbs. Famed for its colourful beach boxes lining the long stretch of sandy beach. Elegant Victorian and Edwardian mansions along with modern family homes make up the residential areas. Brighton boasts a prestigious retail district with upmarket fashion and dining options. 

East Melbourne

Median house price of $3,360,000

East Melbourne One of Melbourne’s most prestigious inner-city neighbourhoods, defined by leafy boulevards lined with Victorian-era terrace homes and expansive parks. Fitzroy Gardens and Treasury Gardens add to the area’s exclusivity and tranquillity. Stately heritage mansions sit alongside modern boutique apartment developments. Centrally located near the CBD with high-end retail and dining precincts nearby. 

Portsea

Median house price of $3,300,000

Portsea One of Melbourne’s most prestigious and wealthy bayside playgrounds on the Mornington Peninsula. Portsea is synonymous with sprawling waterfront mansions and holiday homes owned by some of Australia’s rich and famous. Boasting beautiful sheltered beaches and golf courses like the exclusive Portsea Golf Club. An aspirational summer holiday destination.

Canterbury

Median house price of $3,200,000

Canterbury One of Melbourne’s most sought-after and exclusive leafy eastern suburbs. Canterbury epitomises luxury suburban living with its enviable mix of heritage estates, modern mansions on tree-lined streets like Maling Road. It has a community village atmosphere centred around high-end retail strips. Family-friendly with top private schools nearby.

Main Ridge

Median house price of $3,050,000

Main Ridge A rural gem nestled in the heart of the Mornington Peninsula wine region. Main Ridge offers a peaceful countryside lifestyle with rolling green hills, vineyards, and farmlands. Large acreage properties with modern homesteads sit alongside historic wineries and cellar doors. Despite the rural setting, it’s only about an hour’s drive from Melbourne CBD.

Malvern

Median house price of $2,920,000

Malvern is a prestigious and affluent suburb located in Melbourne’s inner east, known for its tree-lined streets, grand Victorian and Edwardian homes, and a vibrant community atmosphere. This desirable residential area is a popular choice for families and professionals alike, offering a perfect blend of urban convenience and suburban charm.

One of the standout features of Malvern is its exceptional educational facilities, with a range of highly regarded public and private schools catering to students of all ages. The suburb is also home to several parks and recreational areas, including the iconic Central Park, which provides ample opportunities for outdoor activities and community events.

Red Hill South

Median house price of $2,740,000

Red Hill South is a charming rural township situated on the picturesque Mornington Peninsula, approximately an hour’s drive from Melbourne’s city centre. This idyllic community is renowned for its stunning natural landscapes, award-winning wineries, and a thriving food and arts scene.

At the heart of Red Hill South lies a vibrant village atmosphere, where visitors can explore a variety of boutique shops, galleries, and cafes. The township is particularly popular among food and wine enthusiasts, as it is surrounded by some of the region’s most renowned vineyards and gourmet producers.

Middle Park

Median house price of $2,700,000

Middle Park is an affluent bayside suburb located just a stone’s throw away from Melbourne’s central business district. This highly sought-after residential area is known for its stunning Victorian and Edwardian architecture, tree-lined streets, and proximity to some of the city’s most iconic beaches and attractions.

One of the defining features of Middle Park is its vibrant community spirit. Residents take great pride in their neighbourhood, organising various events and initiatives throughout the year, such as the annual Middle Park Village Fair. The suburb is also home to several parks and recreational areas, including the iconic Albert Park, which hosts the annual Australian Grand Prix.

St Kilda West

Median house price of $2,520,000

St Kilda West is a trendy and vibrant suburb located in Melbourne’s inner-city area, renowned for its eclectic mix of urban sophistication and beachside charm. This bustling neighbourhood is a favourite among young professionals, families, and those seeking a lively and diverse community.

At the heart of St Kilda West lies the iconic Acland Street precinct, a bustling strip lined with cafes, restaurants, and quirky boutiques. This vibrant area is a hub for Melbourne’s thriving food and entertainment scene, attracting locals and visitors alike with its diverse culinary offerings and lively atmosphere.

Armadale

Median house price of $2,480,000

Armadale is an affluent and prestigious suburb located in Melbourne’s inner southeast, known for its grand Victorian and Edwardian homes, tree-lined streets, and a vibrant community atmosphere. This desirable residential area is a popular choice for families and professionals alike, offering a perfect blend of urban convenience and suburban charm.

One of the standout features of Armadale is its thriving shopping and dining precinct, centred around the iconic High Street. This bustling strip is lined with an array of high-end boutiques, cafes, and restaurants, catering to the discerning tastes of the local community. The suburb is also home to several parks and recreational areas, including the iconic Union Street Gardens, a tranquil oasis in the heart of the neighbourhood.

Armadale is renowned for its strong sense of community and its commitment to preserving its rich heritage. The suburb has a vibrant cultural scene, with various events and festivals taking place throughout the year, celebrating the area’s history and diversity. Additionally, Armadale is home to several excellent educational institutions, making it an attractive destination for families with school-aged children.

Merricks North

Median house price of $2,460,000

Merricks North Another charming Mornington Peninsula enclave surrounded by farms, orchards and wineries. Spacious properties on winding country roads with magnificent views across Western Port Bay. Merricks North has a friendly, tight-knit community spirit with local produce stores and markets. Popular for scenic walking/cycling trails through the hinterlands.

Malvern East

Median house price of $2,420,000

Malvern East is a sought-after suburb located in Melbourne’s renowned inner east, known for its prestigious residential neighbourhoods, excellent amenities, and convenient access to the city centre. This affluent community is a popular choice for families and professionals alike, offering a perfect balance of urban living and suburban tranquillity.

One of the defining features of Malvern East is its exceptional educational facilities, with several highly regarded public and private schools catering to students of all ages. The suburb is also home to several parks and recreational areas, including the iconic Central Park and Malvern Valley Golf Club, providing ample opportunities for outdoor activities and leisure pursuits.

At the heart of Malvern East lies a vibrant shopping and dining precinct, centred around the bustling Glenferrie Road and Burke Road. These lively strips are lined with an array of cafes, restaurants, boutiques, and specialty stores, catering to the diverse tastes and preferences of the local community.

Shoreham

Median house price of $2,390,000

Shoreham is a picturesque coastal town on the Mornington Peninsula, about an hour from Melbourne. It’s renowned for its stunning beaches, pristine natural landscapes, and relaxed village atmosphere. The town boasts breathtaking views of Western Port Bay, a long stretch of unspoiled coastline perfect for swimming and exploring marine life. Shoreham’s quaint village centre features charming boutiques, cafes, and artisan shops, reflecting the town’s creative community spirit. With its rich heritage, annual events, and slower pace of life, Shoreham offers a tranquil escape from the city and an opportunity to experience the unique charms of the Mornington Peninsula.

Caufield North

Median house price of $2,370,000

Caulfield North is a leafy residential suburb located around 10 km southeast of the Melbourne central business district. It is bordered by the suburbs of Caulfield, Caulfield East, Carnegie, and Malvern East. Caulfield North has a mix of housing styles including Edwardian, interwar, and modern homes on tree-lined streets. The area has a suburban village feel with shopping strips along Glenhuntly Road and Hawthorn Road that include cafes, restaurants, boutiques and supermarkets. Caulfield Park and Princes Park provide green spaces for recreation. The suburb has good access to public transport with tram routes running along its major roads and Caulfield railway station located just outside its border. Monash University’s Caulfield campus and several primary and secondary schools are situated in Caulfield North.

Brighton East

Median house price of $2,360,000

Brighton East is an affluent seaside suburb located about 12 km southeast of the Melbourne CBD. It neighbours the suburbs of Brighton, Highett, and Hampton East. Brighton East features some of Melbourne’s most expensive real estate, with grand Federation-era mansions and modern multi-million dollar homes lining the leafy boulevards. The area has a prestigious feel with manicured gardens and a private beach that is part of the long sandy stretch along Port Phillip Bay. The vibrant Bay Street shopping precinct offers upscale boutiques, cafes and restaurants. Hurlingham Park and Donald McDonald Reserve provide open green spaces. Students attend highly-regarded public and private schools in the area. Brighton Beach train station connects commuters to central Melbourne, while good bike paths make it easy to cycle along the bay beaches. The suburb combines beachside living with urban amenities in a coveted location.

Point Leo

Median house price of $2,350,000

Point Leo This tranquil beachside hamlet on the Mornington Peninsula boasts some of the region’s most spectacular coastal scenery. Point Leo features historic limestone mansions and beach houses tucked into rugged seaside surrounds. It’s home to the acclaimed Point Leo Estate winery and restaurant. Residents enjoy coastal trails, surf beaches and peaceful seclusion.

Moorooduc

Median house price of $2,350,000

Nestled in the hinterlands of the Mornington Peninsula wine region, this semi-rural locale offers a relaxed countryside ambiance removed from the city bustle. Spacious acreage properties and orchards sit amid scenic hills and vineyards. Quiet country living yet with easy access to nearby coastal villages like Mount Eliza and the wineries of the peninsula. 

Albert Park

Median house price of $2,310,000

Albert Park An iconic inner-city Melbourne suburb surrounding the picturesque lake and recreation reserves. Albert Park offers a diverse mix of housing including heritage terraces, modern apartments and grand mansions. Community sports clubs and the iconic Grand Prix circuit add to the area’s vibrancy. Village shopping strips provide amenities.

Flinders

Median house price of $2,300,000

Flinders Picturesque seaside village at the confluence of Bass Strait and Western Port Bay. Historic weatherboard cottages and elegant homes line streets like Norman Avenue with stunning coastal views. A laid back yet stylish vibe revolves around the village cafes, restaurants and galleries. Miles of scenic oceanfront trails like the iconic Cape Schanck boardwalk are a huge draw.

Red Hill

Median house price of $2,230,000

Red Hill is a delightful rural village in the heart of the Mornington Peninsula, renowned for its thriving wine industry and culinary delights. Surrounded by rolling hills and lush vineyards, it offers visitors a chance to sample award-winning cool-climate wines, indulge in locally sourced produce and fresh seafood at gourmet eateries, and explore artisanal boutiques along its vibrant main strip. With breathtaking natural landscapes, annual festivals celebrating the region’s agricultural heritage, and a creative community spirit, Red Hill provides a perfect escape from the city to experience the best of the Peninsula’s wine and food scene.

Elwood

Median house price of $2,210,000

Elwood is a charming bayside suburb located in Melbourne, Victoria, Australia. Nestled along the shores of Port Phillip Bay, Elwood boasts a rich maritime heritage and a vibrant community spirit. The suburb’s streets are lined with beautiful Victorian and Edwardian-era homes, many of which have been meticulously preserved, adding to the area’s unique character. Elwood’s coastline offers residents and visitors alike the opportunity to enjoy scenic walks along the beach, take in stunning sunsets, and indulge in various water-based activities. The suburb is also home to a thriving café and restaurant scene, with numerous local hotspots offering delectable cuisines and a lively atmosphere. Overall, Elwood is a delightful Melbourne suburb that seamlessly blends its historical charm with modern amenities, making it an attractive destination for both families and individuals seeking a relaxed coastal lifestyle.

Fairhaven

Median house price of $2,150,000

Fairhaven Seaside charm at its finest – this tiny Great Ocean Road hamlet offers a coveted beachfront lifestyle in a tucked-away locale. Fairhaven’s rolling streets are lined with classic weatherboard beach cottages and grander modern homes, most capturing breathtaking ocean or rural views. Fairhaven Beach and nearby surf beaches are the prime attraction. 

Sorrento

Median house price of $2,120,000

Sorrento Elegant coastal living surrounded by limestone cliffs and ocean beaches on the Mornington Peninsula. Historic Victorian limestone homes sit alongside modern mansions, many offering immaculate views across Port Phillip Bay. Sorrento’s cosmopolitan village Main Street offers upmarket boutiques and dining options. Scenic coastal walks and leisure activities like sailing and golf are a way of life.  

Beaumaris

Median house price of $2,070,000

Beaumaris is a prestigious bayside suburb located on the shores of Port Phillip Bay, approximately 20 kilometres southeast of Melbourne’s central business district. This affluent community is renowned for its stunning beach landscapes, upscale residential properties, and a relaxed coastal lifestyle.

One of the standout features of Beaumaris is its stunning sandy beaches and scenic coastal walks, which attract visitors from across Melbourne and beyond. The suburb is also home to several parks and recreational areas, including the iconic Ricketts Point Marine Sanctuary, a haven for nature lovers and outdoor enthusiasts.

South Yarra

Median house price of $2,020,000

South Yarra is a stylish and cosmopolitan suburb located just a stone’s throw away from Melbourne’s city centre. This vibrant neighbourhood is known for its trendy cafes, high-end boutiques, and a thriving arts and cultural scene, making it a popular destination for locals and visitors alike.

At the heart of South Yarra lies Chapel Street, a bustling strip lined with an array of shops, restaurants, and entertainment venues. This iconic precinct is a hub for Melbourne’s fashion and nightlife, attracting a diverse crowd seeking the latest trends and experiences.

Bellbrae

Median house price of $1,930,000

Bellbrae A peaceful rural retreat in between Torquay and Anglesea along the iconic Great Ocean Road. Rolling green hills dotted with farms, wineries, and bush reserves. Tree changers are drawn to large acreage properties and century-old homesteads. Quaint town centre has local stores, galleries, and cafes. Serene natural scenery punctuated by world-class surf beaches nearby.

St Kilda East

Median house price of $1,830,000

St Kilda East is an inner urban suburb located about 6 km southeast of the Melbourne CBD. It neighbours the better-known suburbs of St Kilda, Windsor, and Balaclava. St Kilda East has a mix of architectural styles from Victorian-era cottages to modern apartment buildings. Tree-lined streets boast attractive gardens and parks like Alma Park provide green spaces. The main shopping area is along Carlisle Street, which offers an eclectic mix of cafes, boutiques, supermarkets and dining options. St Kilda East attracts a diverse community including young professionals, families and older residents. Public transport is readily accessible with tram routes running through the suburb and Balaclava and Ripponlea train stations nearby. The area has a village-like feel while being close to the cosmopolitan attractions of St Kilda and having easy access to the CBD.

Caulfield South

Median house price of $1,820,000

Caulfield South is a residential suburb located around 10 km southeast of the Melbourne CBD. It neighbours the suburbs of Caulfield North, Elsternwick, Carnegie, and Glenhuntly. Caulfield South has a mix of housing styles including Edwardian, interwar, and modern homes on tree-lined streets. Caulfield Racecourse, one of Melbourne’s major horse racing venues, is a prominent feature. The Monash University Caulfield campus sits on the suburb’s western edge. Shopping strips along Hawthorn Road and Kooyong Road offer supermarkets, cafes and local boutiques. Parks like Caulfield Park and Princes Park provide green open spaces. Public transport is readily available with tram routes running through the suburb and Caulfield station located just outside the border. While having a suburban feel, Caulfield South is relatively close to the restaurants, shopping, and amenities of busier surrounding suburbs.

Glen Waverley

Median house price of $1,770,000

Glen Waverley is a vibrant and multicultural suburb located in Melbourne’s eastern suburbs, known for its diverse community, excellent amenities, and convenient access to the city centre. This family-friendly neighbourhood is a popular choice for those seeking a balance between urban living and suburban comfort.

One of the defining features of Glen Waverley is its thriving shopping and dining precinct, centred around the bustling Kingsway and The Glen shopping centres. These vibrant hubs offer a wide range of retail outlets, restaurants, and entertainment options, catering to the diverse tastes and preferences of the local community.

Clifton Hill

Median house price of $1,750,000

Clifton Hill is an inner-city suburb located just 4km northeast of the Melbourne CBD. It borders the popular inner suburbs of Fitzroy North, Collingwood, and Abbotsford. Clifton Hill has a distinctive village atmosphere with a vibrant shopping strip along Queens Parade lined with art galleries, vintage stores, cafes, and bakeries. Historic Victorian and Edwardian-era buildings blend with renovated homes and modern apartment developments. Leafy streets boast well-maintained gardens and parks like Darling Gardens provide green spaces. The area appeals to students, families, and arty types who appreciate its proximity to the city, public transport access, and community vibe. Trails along the Merri Creek allow for cycling and walking. Despite its compact size, Clifton Hill offers cosmopolitan amenities while maintaining a strong neighborhood identity and charm.

Essendon

Median house price of $1,750,000

Essendon is a historic and well-established suburb located in Melbourne’s northwest, renowned for its strong community spirit, excellent educational facilities, and convenient access to the city centre. This sought-after residential area is a popular choice for families and professionals alike, offering a perfect blend of urban amenities and suburban charm.

At the heart of Essendon lies a vibrant village atmosphere, with a range of shops, cafes, and local businesses lining the iconic Napier Street precinct. The suburb is also home to several parks and recreational areas, including the iconic Essendon Fields, which hosts a variety of community events and activities throughout the year.

Bentleigh

Median house price of $1,710,000

Bentleigh is a residential suburb located around 13 km southeast of the Melbourne CBD. It sits between the larger suburbs of Oakleigh, Brighton East, and Moorabbin. Bentleigh has a mix of housing styles including weatherboard cottages, brick veneer homes, and modern townhouses. The area has a family-friendly feel with tree-lined streets, parks like Bentleigh Reserve, and a range of schools. The lively Centre Road shopping strip offers supermarkets, cafes, restaurants and retail stores catering to the local community. Public transport is convenient with train stations at Bentleigh and Patterson, as well as tram routes. While predominantly residential, Bentleigh is close to major amenities and only a short distance from beaches along Port Phillip Bay. The suburb combines an established suburban lifestyle with good access to Melbourne’s southeastern suburbs.

Mount Eliza

Median house price of $1,690,000

Mount Eliza is an affluent and picturesque suburb located on the Mornington Peninsula, approximately an hour’s drive from Melbourne’s city centre. This idyllic community is known for its stunning natural landscapes, upscale residential properties, and a relaxed coastal lifestyle.

One of the standout features of Mount Eliza is its proximity to some of the region’s most beautiful beaches and coastal attractions. The suburb is home to several parks and reserves, including the iconic Canadian Bay Beach and the Ranelagh Estate, offering ample opportunities for outdoor recreation and leisure activities.

Barwon Heads

Median house price of $1,680,000

Barwon Heads is a charming seaside town at the mouth of the Barwon River on the Bellarine Peninsula. Despite its proximity to Geelong and the Melbourne metropolitan area, Barwon Heads maintains a laid-back village atmosphere. It features a main street lined with cafes, boutiques and shops in historic buildings. The town’s beaches, like Thirteenth Beach, are popular for swimming, surfing and walking along the sand dunes. The Barwon Heads Golf Club offers championship golf courses. The Barwon Heads Bridge connects the town across the river inlet to neighboring Ocean Grove. Holiday homes, beach houses and permanent residences give Barwon Heads a year-round population. While a tourist drawcard, it has avoided overdevelopment, maintaining its natural charms and peaceful environment away from the bustle of nearby cities.

Fitzroy

Median house price of $1,630,000

Fitzroy is a trendy and vibrant inner-city suburb of Melbourne, known for its rich cultural heritage and bohemian vibe. Situated just northeast of the CBD, this iconic neighbourhood boasts a unique blend of Victorian-era architecture, street art, and a thriving arts and music scene. The narrow, tree-lined streets are dotted with terrace houses, cosy cafés, vintage shops, and independent galleries, creating a distinct urban atmosphere. Fitzroy is a hub for Melbourne’s creative community, attracting artists, musicians, and trendsetters who appreciate its eclectic charm. The suburb’s nightlife is equally vibrant, with an array of quirky bars, live music venues, and restaurants offering diverse culinary experiences. Despite its gentrification in recent years, Fitzroy has managed to preserve its alternative spirit, making it a must-visit destination for those seeking an authentic taste of Melbourne’s artistic and counterculture scene.

Harkaway

Median house price of $1,590,000

Harkaway is a semi-rural suburb located in Melbourne’s south-eastern outskirts, about 40 kilometres from the city centre. This tranquil area is known for its beautiful natural surroundings, open spaces, and relaxed country atmosphere.

Despite its proximity to the urban sprawl, Harkaway retains a strong rural character, with large residential properties, equestrian facilities, and working farms dotting the landscape. The suburb is bordered by the Dandenong Ranges National Park, providing residents with easy access to scenic hiking trails and natural bushland.

One of the main attractions in Harkaway is the Harkaway Park, a vast recreational area that features picnic facilities, playgrounds, and walking tracks. The park is also home to the Harkaway Cooperative Winery, where visitors can sample locally produced wines and enjoy the picturesque vineyard setting.

Prahran

Median house price of $1,570,000

Prahran is a fashionable and lively suburb located just southeast of Melbourne’s central business district. Known for its trendy shopping precincts, vibrant dining scene, and rich cultural offerings, Prahran exudes a cosmopolitan and sophisticated atmosphere.

Chapel Street, the suburb’s main thoroughfare, is a bustling hub of activity, lined with designer boutiques, stylish cafés, and chic restaurants catering to a diverse range of culinary tastes. Prahran’s retail therapy extends beyond Chapel Street, with the iconic Prahran Market offering a vibrant array of fresh produce, gourmet delicacies, and specialty goods.

Beyond its shopping and dining attractions, Prahran is home to several cultural institutions, including the Prahran Mechanics’ Institute, a historic venue for arts and community events, and the Prahran Town Hall, a beautifully restored heritage building that hosts various exhibitions and performances.

With its eclectic mix of high-end fashion, international cuisine, and cultural attractions, Prahran has become a popular destination for both locals and visitors seeking a sophisticated and cosmopolitan experience in the heart of Melbourne.

Arthurs Seat

Median house price of $1,550,000

Arthur’s Seat is a breathtaking 314-metre summit on the Mornington Peninsula, about an hour from Melbourne. It offers panoramic views of Port Phillip Bay, the city skyline, and surrounding countryside. Popular with outdoor enthusiasts, visitors can hike trails, take a scenic chairlift to the top, and enjoy recreational facilities like a maze and cafés with stunning vistas. Adventure seekers can rock climb, abseil, and hang-glide to experience the natural beauty from unique perspectives. With convenient proximity to Melbourne, Arthur’s Seat showcases the region’s scenic splendour.

Mount Martha

Median house price of $1,490,000

An hour from Melbourne, Mount Martha is a picturesque coastal town on the Mornington Peninsula. It boasts the stunning Mount Martha Beach, a long golden stretch popular for swimming and water sports, backed by cliffs and bushland. Hiking trails traverse the nearby national park. The relaxed town centre offers seaside cafes, restaurants and shops. With beautiful natural surroundings and a laid-back vibe, Mount Martha provides a peaceful coastal escape near the city.

Richmond

Median house price of $1,420,000

Richmond is an inner-city suburb of Melbourne known for its vibrant culture, rich history, and diverse community. Situated just a few kilometres east of the CBD, this lively neighbourhood has undergone significant gentrification in recent decades while retaining its unique character. The suburb’s streetscapes are a delightful blend of Victorian-era architecture, street art, and modern urban developments. Richmond is renowned for its buzzing culinary scene, with popular dining precincts like Victoria Street and Bridge Road offering an array of global cuisines. Sports enthusiasts flock to the iconic Melbourne Cricket Ground (MCG), one of the world’s most famous sporting arenas. The suburb is also home to the Yarra River Trail, a popular recreational path perfect for walking, running, and cycling along the picturesque waterway. With its rich cultural tapestry, lively atmosphere, and convenient location, Richmond continues to be a sought-after destination for Melburnians and visitors alike.

Balnarring Beach

Median house price of $1,410,000

Balnarring Beach A charming seaside village on the Mornington Peninsula. Quintessential beachside living with sandy stretches and rugged coastline meeting beach houses and quirky bathing boxes. A laid back, family-friendly vibe centred around the general store and cafes. Popular for swimming, fishing and walking the coastal trails.

Merricks Beach

Median house price of $1,400,000

Merricks Beach A captivating seaside hamlet nestled between rugged cliff tops and tranquil ocean beaches. Merricks Beach offers coastal living at its finest, with rows of colourful bathing boxes and beach houses optimising the stunning scenery. Neighbourhood cafes cater to locals and beachgoers enjoying the laid back coastal vibe. Close to surrounding Mornington Peninsula wineries.

Southbank

Median house price of $1,340,000

Southbank An ultra-modern and cosmopolitan inner-city precinct on the Yarra River opposite the CBD. High-rise apartment towers offer city living at its finest with many boasting water and skyline views. Vibrant neighbourhood with riverfront restaurants, Crown Casino, and arts/cultural hubs like Southbank Theatre. Pedestrian boulevards and parks create an urban village feel.  

Collingwood

Median house price of $1,210,000

Collingwood is an inner-city suburb of Melbourne known for its gritty charm, artistic flair, and strong community spirit. Once a working-class area, Collingwood has evolved into a thriving cultural hub, attracting a diverse mix of residents, including artists, musicians, and young professionals. The suburb’s streets are lined with historic buildings, street art murals, and lively cafes and bars. Smith Street, the beating heart of Collingwood, is a mecca for vintage shopping, independent galleries, and trendy eateries. Nearby, the iconic Collingwood Children’s Farm offers a taste of rural life in the city, with opportunities to interact with farm animals and explore community gardens. Sports fans can catch an Australian rules football match at the iconic Melbourne Cricket Ground, which straddles the border between Collingwood and neighbouring suburbs. With its edgy vibe, artistic spirit, and strong sense of community, Collingwood remains one of Melbourne’s most vibrant and culturally rich neighbourhoods.

Kangaroo Ground

Median house price of $1,060,000

Kangaroo Ground A semi-rural idyll nestled amid the Yarra Valley wine region. Offering a taste of countryside living yet only 25 km from Melbourne CBD. Sprawling acreage properties and farms sit alongside vineyards and bushland reserves teeming with native wildlife. An active, eco-focused community drawn to the natural landscapes and attractions like the Kangaroo Ground War Memorial Tower.

Data accurate as of 25 March 2024

Source: Core Logic

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