The richest streets in Melbourne revealed


There is no shortage of idyllic streets, extravagant properties and exclusive postcodes in Victoria’s capital.

Melbourne property prices suffered because of its extended lockdowns, which severely impacted market activity, but Melbourne’s property market has been soaring lately.

Although median property prices don’t come close to those over in Sydney’s most elite postcodes, the Melbourne property market has now reached it’s previous peak of 2017 and house prices are likely to experience double digit growth this year.

So it’s unsurprising that recent data from the Australian Taxation Office (ATO) has revealed there are some postcodes in Victoria’s capital where residents are among some of the wealthiest in the country.

Here is where the richest of the rich live.

3142 (Toorak)

Hawksburn Melbourne

Average income: $196,816

Population: 10,219

Median property price: $4.3 million

The average income of residents in the 3142 postcode is among Australia’s highest at $196,816.


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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit

'The richest streets in Melbourne revealed' have 2 comments

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    February 28, 2021 Dyllen

    Great blog, Michael. I love those rich suburbs of Melbourne.


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