Melbourne's Most Valuable Suburbs

If you rank Melbourne’s most expensive suburbs simply on the median house price, the Eastern Suburbs come up year after year in the top ten. It was no different in 2015, with almost all the median house prices in the top ten over $2M.

So if your looking eastern suburbs, then you have to prepare as Melbourne’s median house value is in excess of a couple million once you pay your stamp duty bill with Toorak being at the number one spot.

So, here are the top 25 most expensive suburbs in Melbourne, ranked 25 to 1.

25. ELWOOD $1,550,000
24. HAMPTON $1,580,000
23. MALVERN EAST $1,599,000

22. BRIGHTON EAST $1,600,888
21. SOUTH YARRA $1,662,500
20. ALBERT PARK $1,710,000
19. KEW EAST $1,749,500
18. EAGLEMONT $1,765,000
17. SURREY HILLS $1,800,000
16. GLEN IRIS $1,842,500
15. BRIGHTON $1,860,000
14. KEW $1,860,000
13. PORTSEA $1,862,500
12. MONT ALBERT $1,877,000
11. CAULFIELD NORTH $1,927,500
10. HAWTHORN $1,932,500
9. BALWYN NORTH $2,000,000
8. HAWTHORN EAST $2,040,000
7. ARMADALE $2,053,500
6. BALWYN $2,105,888
5. CAMBERWELL $2,114,000
4. MALVERN $2,345,000
3. CANTERBURY $2,499,000
2. MIDDLE PARK $2,840,000

1. TOORAK $3,400,000