These are Melbourne’s Million Dollar Suburbs

Property prices boomed 12 per cent in 2014 according to figures recently released by the Valuer-General

This means Melbourne now has 17 new suburbs with a million-dollar median house price.

While many of Melbourne’s usual suspects have a seven-figure median house price, such as Toorak and Kew, postcodes such as Lysterfield South, Box Hill and Bentleigh also edged over the million-dollar mark last year.

Here’s what’s happened to Melbourne property values:


 Source: The Age

Here’s a list of the Melbourne’s Million Dollar Suburbs:

Million dollar suburbs

Now just to make things clear, I’m not suggesting these are all good suburbs for investors to consider, but some are.

Then of course you’ve got to find the right properties in these suburbs, as it’s likely that growth in our properties markets is going to slow down over the next few years.

So what should you do if you’re looking to buy in Melbourne?

If you’re looking for independent property investment advice to help you reach your goals, no one can help you quite like the independent property investment strategists at Metropole.

Remember the multi award winning team of property investment strategists at Metropole have no properties to sell, so their advice is unbiased.

Whether you are a beginner or a seasoned property investor, we would love to help you formulate an investment strategy or do a review of your existing portfolio, and help you take your property investment to the next level.

Please click here to organise a time for a chat.

Or call us on 1300 20 30 30.

When you attend our offices in Melbourne, Sydney or Brisbane you will receive a free copy of my latest 2 disc DVD program Building Wealth through Property Investment in the new Economy valued at $49.


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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

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