With culture, sophistication, and style, the suburbs in Melbourne are home to almost everything. If you are searching for affluent vibes while studying in Australia, the richest suburbs in Melbourne serves you an ideal choice to be!
Melbourne is renowned for its real estate scenes offering unique lifestyles and community vibes. For those interested in understanding where Melbourne’s elite reside, here’s a detailed look into the richest suburbs in Melbourne. Keep reading further to know more about their unique appeal and the opulent lifestyle they offer.
Table of contents
Toorak
Toorak is one of the most fantastic and richest suburbs in Melbourne. From grand mansions and historic estates to exclusive boutiques, fine dining establishments, and high-end lifestyle, it is synonymous with luxury and high society. Ideally located just a few kilometres southeast of the city centre, Toorak consistently ranks as one of the most prestigious and richest suburbs in Melbourne. Toorak attracts high-profile elite people of the city, including successful professionals, celebrities, and business icons.
| Median House Price | AUD 5.19 million |
| Median Unit Price | AUD 953,000 |
| Median House Rent | AUD 1,297 per week |
| Median Unit Rent | AUD 575 per week |
Brighton
With upscale high-profile properties and its coastal charm, Brighton is another richest suburb in Melbourne. Ideally located about 11 kilometres southeast of Melbourne’s CBD, Brighton is renowned for offering a more relaxed and beachside lifestyle. This richest suburb is dotted with spacious family homes and luxurious beachfront properties with stunning skyline views. This richest suburb in Melbourne is home to some of the excellent schools, picturesque parks, and a beautiful beach and is renowned for providing a perfect balance of relaxation and sophistication.
| Median House Price | AUD 3 million |
| Median Unit Price | AUD 1.36 million |
| Median House Rent | AUD 1,200 per week |
| Median Unit Rent | AUD 590 per week |
Canterbury
Just 10 km east of CBD, Canterbury is home to some of the richest suburbs in Melbourne. From spacious homes to serene and family-friendly environments, Canterbury is a popular choice for families and professionals looking for a prestigious and peaceful environment. This richest suburb in Melbourne is often renowned as the ‘Toorak of the East’. The area is also known for its well-maintained streets and green spaces. You will definitely love strolling through the beautiful and spacious homes beautifully architectured on plots with beautiful gardens. You can also enjoy nearby restaurants in Australia here offering some flavoursome delicacies.
| Median House Price | AUD 3.34 million |
| Median Unit Price | AUD 1.36 million |
| Median House Rent | AUD 1,200 per week |
| Median Unit Rent | AUD 590 per week |
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Middle Park
Middle Park is another one of the richest suburbs in Melbourne ideally located just 3 kilometres south of CBD and offers proximity to Middle Park Beach and Albert Park, as well as a range of cafes, boutiques, and local amenities. This upscale and suburb in Melbourne is a blend of historic charm and contemporary living with views of the surrounding parklands and the bay. Middle Park attracts professionals and families with the median price for houses AUD 2.80 million and the median unit price AUD 755,000 million.
| Median House Price | AUD 2.5 million |
| Median Unit Price | AUD 710,000 |
| Median House Rent | AUD 1,090 per week |
| Median Unit Rent | AUD 550 per week |
Kooyong
Kooyong is another fantastic and one of the richest suburbs in Melbourne. With its ideal location about 10 kilometres southeast of CBD, this richest suburb in Melbourne is known for its prestigious homes and peaceful environment. From spacious homes to modern residences, the homes are constructed and architectured beautifully amidst lush greens. This richest suburb in Melbourne is home to the world-renowned Kooyong Lawn Tennis Club, excellent local schools, and parks.
| Median House Price | AUD 3.4 million |
| Median Unit Price | AUD 1.1 million |
| Median House Rent | AUD 800 per week |
| Median Unit Rent | Not Specified |
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FAQs
The richest suburbs in Melbourne are Toorak, South Yarra, Brighton, Hawthorn, Kew, Albert Park, East Melbourne, Kooyong, Canterbury, and Middle Park.
Kew and Canterbury are well-regarded for families and students due to their spacious properties, excellent local schools, and family-friendly environment. Brighton also offers a family-friendly atmosphere with its coastal lifestyle and access to good educational institutions and parks.
Brighton stands out for its coastal location and luxury beachfront properties. While other suburbs like Toorak and South Yarra offer a more urban luxury, Brighton provides a relaxed, beachside lifestyle with beautiful homes and iconic landmarks like the Brighton Bathing Boxes.
Most of the richest suburbs in Melbourne like Yarra and Albert Park are recently developed with luxury apartments and modern residences.
Most affluent and richest suburbs in Melbourne are well-connected by public transportation. South Yarra, Hawthorn, and Kooyong have train stations offering easy access to the CBD while Trams connect common in areas like Toorak, Albert Park, and East Melbourne. Several suburbs also have bus routes that connect to major hubs.
Hope you liked reading about the richest suburbs in Melbourne. Reach out to Fly Homes now at 1800572118 to secure the finest accommodation abroad.
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