The 12 priciest suburbs to buy an apartment in Victoria

Apartments aren’t always a cheap alternative to a home, and in recent years beautiful prestige developments have been built across Australia – many even spanning the size of a standard detached house.

Looking to CoreLogic RP Data’s statistics, 12 Melbourne suburbs emerged with median apartment prices above $700,000.

Here are the 12 that made the list (with sufficient volume to be meaningful).

1. Albert Park
   $863,000
   
   
2. Balwyn North
   $829,000
   
   
3. Brighton
   $817,000
   
   
4. Brighton East
   $804,000
   
   
5. Mont Albert North
   $775,000
   
   
6. Toorak
   $768,000
   
   
7. Canterbury
   $750,000
   
   
8. Kew East
   $749,000
   
   
9. Ashburton
   $731,000
   
   
10. Beaumaris
    $720,000
    
    
11. Port Melbourne
    $715,000
    
    
12. Caulfield South
    $708,000