Melbourne's million dollar suburbs

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Owning a million-dollar property is something many current and future homeowners aspire to get their hands on, especially if you’re living in Melbourne which is arguably the best city in the world (according to us Melburnians anyway – I mean, are we right or are we right!?)  

If you’ve got your heart set on living in one of Melbourne’s million-dollar suburbs but don’t know where to start looking, REIV have released their current list of Melbourne’s million-dollar suburbs. 

From the 80 million-dollar suburbs included on REIV’s list, peep the Top 30 below and start planning your next move. 

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Image via The Pinnacle List


1. Toorak (March 19 median house price $3,372,500)

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2. Canterbury ($2,559,000)

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3. Hawthorn East ($2,300,000)

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4. Middle Park ($2,282,500)

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5. Brighton ($2,200,000)

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6. Hampton ($2,162,500)

7. Malvern ($2,100,000)

8. Flinders ($1,931,250)

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9. Balwyn ($1,925,000)

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10. Hawthorn ($1,890,000)

11. Camberwell ($1,835,000)

12. Kew ($1,824,500)

13. Glen Iris ($1,820,000) 

14. Elwood ($1,790,000) 

15. Kew East ($1,780,000) 

16. Albert Park ($1,760,000) 

17. Malvern East ($1,760,000)

18. Armadale ($1,750,000)

19. Mont Albert ($1,706,500)

20. Sandringham ($1,700,000)

21. Box Hill ($1,690,000) 

22. Ivanhoe ($1,677,500)

23. Surrey Hills ($1,652,500)

24. Carlton North ($1,645,000)

25. St Kilda ($1,600,000)

26. Ashburton ($1,572,500)

27. South Yarra ($1,568,500)

28. Balwyn North ($1,565,000)

29. McKinnon ($1,560,000)

30. Brighton East  ($1,482,500)

View the full list of Melbourne's millon-dollar suburbs at REIV.