At $2,514 per square metre Brunswick East has cheapest house prices in inner Melbourne: Paul Osborne

Melbourne buyers' agent Paul Osborne of Secret Agent has looked at some of Melbourne's top inner suburbs to get an indicative price per square metre. 

The monthly focuses on houses in Melbourne's inner-city suburbs within a six-kilometre radius of the Melbourne GPO, addressing 26 suburbs.

"Our square metre-rate comparison is the first of its kind for the inner-city suburbs of Melbourne," he says.

"As expected for the period July to September 2012, East Melbourne was the most expensive of the 26 suburbs reviewed, with a median price of $12,676 per square metre of land.

"The most economical inner city suburbs were Brunswick at $2,546 and Brunswick East at $2,514.

"The median price per square metre in the premium suburb of Hawthorn at $3,281 demonstrates the traction that the inner city suburbs have in the property market," he says.