Carlton's $207,000 apartment median

Carlton's $207,000 apartment median
Carlton's $207,000 apartment median

Despite a median house price of $706,000 and apartment price of $545,500, many of Melbourne’s desirable suburbs boast homes at $200,000-plus, the REIV pinpointing the inner north and south of the city.

Melbourne’s most affordable one-bedroom apartments are located in Carlton – which recorded a June median price of $207,750.

Carnegie, in Melbourne’s south-east, delivered a median for similar sized apartments of $292,500.

“Affordable property around Melbourne is not restricted to the outer suburbs," REIV chief Enzo Raimondo said. 

"Apartments allow first home buyers to get a foothold on the property ladder, especially in highly sought after areas such as Carlton,” he said. 

Realestateview.com.au sales show a strong student accommodation presence.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Houses Median Price

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?