Toorak the most expensive Melbourne suburb to purchase property: REIV

Toorak the most expensive Melbourne suburb to purchase property: REIV
Toorak the most expensive Melbourne suburb to purchase property: REIV

Toorak is the most expensive locality in Victoria to purchase a property, according to REIV’s latest data.

The median price for a property in Toorak is around $4 million.

This is followed by Malvern with $3.1 million and Canterbury with $3 million.

The least expensive place is Preston with an average median of $1 million.

REIV Million Dollar Suburbs

* denotes less than 30 sales in the quarter

Suburb Mar-17 Median
TOORAK $4,000,000
MALVERN* $3,010,000
CANTERBURY* $3,000,000
BRIGHTON $2,906,000
HAWTHORN EAST* $2,637,000
Caulfield North* $2,327,000
CAMBERWELL $2,295,000
Balwyn $2,290,000
HAWTHORN* $2,265,000
KEW $2,165,000
Mont Albert* $2,130,000
Eaglemont* $2,064,000
ARMADALE* $2,050,000
St Kilda East* $2,010,750
SOUTH YARRA* $2,005,000
ELSTERNWICK* $2,000,000
ALBERT PARK* $1,925,000
Balwyn North $1,925,000
HAMPTON* $1,922,500
Glen Iris $1,900,000
BLACK ROCK* $1,880,000
Kew East* $1,878,000
MCKINNON* $1,850,000
BRIGHTON EAST $1,840,000
CAULFIELD* $1,833,000
ASHBURTON* $1,800,000
SANDRINGHAM* $1,800,000
BOX HILL* $1,750,000
PORT MELBOURNE* $1,735,000
Carlton North* $1,730,000
Malvern East $1,725,000
Caulfield South* $1,635,000
FITZROY* $1,635,000
South Melbourne* $1,620,000
LOWER PLENTY* $1,602,500
IVANHOE* $1,589,500
ORMOND* $1,589,000
FLINDERS* $1,581,750
PRAHRAN $1,581,251
WONGA PARK* $1,580,000
WINDSOR* $1,570,000
Glen Huntly* $1,563,000
Templestowe $1,552,000
SURREY HILLS* $1,510,000
PARK ORCHARDS* $1,507,500
RICHMOND $1,482,500
BEAUMARIS $1,475,000
ESSENDON $1,470,000
NORTHCOTE $1,462,000
Brunswick East* $1,454,750
Mont Albert NORTH* $1,450,000
Bentleigh* $1,448,000
BOX HILL NORTH* $1,442,000
Fitzroy North* $1,440,500
ST KILDA* $1,435,000
BURWOOD* $1,432,500
MOONEE PONDS* $1,432,500
CLIFTON HILL* $1,430,000
ELWOOD* $1,430,000
MURRUMBEENA* $1,421,000
CLAYTON* $1,415,000
BOX HILL SOUTH* $1,406,000
GLEN WAVERLEY $1,395,000
MOUNT WAVERLEY $1,390,000
WARRANDYTE* $1,387,500
HAMPTON EAST* $1,365,000
BLACKBURN $1,350,000
CARNEGIE* $1,350,000
DONCASTER $1,346,750
ASHWOOD* $1,346,625
WILLIAMSTOWN $1,343,750
Parkdale* $1,332,000
Aberfeldie* $1,322,500
COLLINGWOOD* $1,320,000
HIGHETT* $1,295,000
ASCOT VALE* $1,292,000
ABBOTSFORD* $1,290,000
SORRENTO* $1,281,000
BULLEEN* $1,272,500
BRUNSWICK $1,271,000
Mount Eliza $1,270,444
Bentleigh EAST $1,270,000
THORNBURY* $1,256,000
KENSINGTON* $1,247,500
Oakleigh East* $1,228,000
Blackburn South* $1,212,000
Doncaster East $1,210,000
Mentone* $1,200,000
Donvale* $1,195,000
BALACLAVA* $1,185,000
BRUNSWICK WEST* $1,180,000
Templestowe LOWER* $1,170,750
VERMONT SOUTH* $1,151,000
BLACKBURN NORTH* $1,150,000
Narre Warren North* $1,133,000
MITCHAM* $1,125,000
Burwood East* $1,119,750
STRATHMORE* $1,105,000
NEWPORT $1,100,000
WATERWAYS* $1,100,000
FOREST HILL* $1,096,000
Rosanna* $1,095,000
Kingsville* $1,085,000
NIDDRIE* $1,065,000
Edithvale* $1,059,000
Aspendale* $1,055,000
Viewbank* $1,052,500
CHELTENHAM $1,050,250
MOORABBIN* $1,043,000
OAKLEIGH* $1,029,000
SEDDON* $1,028,500
CHELSEA* $1,025,000
VERMONT* $1,020,000
Wheelers Hill $1,015,000
Chadstone* $1,013,500
MOUNT MARTHA $1,012,500
Bonbeach* $1,005,000
YARRAVILLE $1,001,000
COBURG $1,000,000
PRESTON $1,000,000

A three bedroom house at 9 Devorgilla Avenue, Toorak (above) was sold recently in April this year for the median price range.

Similarly a four bedroom house at 10 Church Street, Toorak (below) was sold recently in March this year for $4.6 million.

Toorak the most expensive Melbourne suburb to purchase property: REIV
 
Property Observer previously reported that homes at Templestowe scored the highest for quarterly median price growth.
Tags: 
Toorak Reiv

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