Melbourne’s Most Expensive Suburb

(Image-Forbes)

The most expensive suburb in Victoria, Australia is Toorak, located in Melbourne's inner-southeast. It is a luxurious and affluent suburb renowned for its large, stately homes, tree-lined streets, and stunning views of the nearby parklands.

Toorak is home to some of the most desirable real estate in Victoria and the nation. According to the Real Estate Institute of Victoria, the median house price in Toorak is currently $3,918,000. This makes it the most expensive suburb in Victoria and one of the most expensive in the country.

What makes Toorak such an attractive and expensive suburb? It is no secret that it is an affluent area, with some of the wealthiest families in Australia calling it home. The area is known for its excellent schools, high-end shopping, and gourmet restaurants. It is also close to the city center, with easy access by train, tram, and bus.

The suburb is also well-known for its parks and gardens. Toorak Park and Anderson Park are two of the most popular parks in the area and are great places to take a stroll or have a picnic. The Royal Botanic Gardens are also nearby, offering stunning views and a peaceful escape from the hustle and bustle of the city.

Of course, living in Toorak does come with a hefty price tag. The median house price is well above the median for the rest of Victoria, and this can be a barrier for some potential buyers. But for those who can afford it, Toorak is an excellent choice for luxurious and comfortable living.

From its affluent population to its stunning parks and gardens, Toorak is undoubtedly the most expensive suburb in Victoria. It is a luxurious and desirable area, and an excellent choice if you can afford it.