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Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

author:Australian financial news
Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

Melbourne has been ranked by major lists as the world's most livable city for many years.

Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

It can be said that Melbourne is indeed one of the best cities in the world.

Tree-lined streets, gorgeous historic buildings, picturesque classics, Melbourne, is like an idyllic poem.

But even if a city is good, it has poor areas and rich areas.

The region determines the class, the class, and also determines the region.

As the old Chinese saying goes, it is difficult to buy a beautiful neighbor, so in Melbourne, for the Chinese, which areas are to be seized and which areas are to be avoided?

According to the figure below, the red and red deepening areas are relatively poor areas in Melbourne, and those areas are not satisfactory in terms of supporting, security, scenery, school education, etc

The blue area, which is the recommended area of Melbourne, is the area where the elite and the rich middle class live, and these areas are the essence of Melbourne.

Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

Today, let me tell you about the top ten rich areas in the Greater Melbourne area, who are they, and what are the house prices? Ordinary people can not invest.

1 Toorak

Toorak, 5 km southeast of Melbourne's CBD, with a population of about 13,000 people, this area, is Melbourne's old rich area, is Melbourne's most expensive suburb, living here, not rich or expensive.

It is home to more Australian millionaires than anywhere else in Australia.

Of Australia's 250 richest people, 30 live here, including Eddie McGuire, president of Collingwood Football Club, Billionaire businessman Lindsay Fox, property developer Tim Gurner and department store founder Sidney Myer.

As a result, the average income of households in this area is the highest in Australia, at $196,816.

Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary
Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

The median age of Toorak residents is 45 years old, and it is the home of the rich and middle class of the elderly and successful people.

In addition, in addition to long-term residents, there are more renters in the area, who also want to enjoy the life of a good rich area.

Median single-family house: $4.3 million

The median apartment is $870,000

Weekly rent for single-family houses: $1150

Weekly apartment rent: AUD 490

Very expensive is not, if you want to enjoy Toorak can not afford it

Consider the surroundings

Like what

South Yarra $1.482 million

Prahran $1.42 million

Armadale $1.6 million

Middle Park

The Central Garden, Middle Park, located just 3km from Melbourne's CBD, has a long, narrow coastline with heritage-protected Victorian architecture and many renovated houses.

Iconic buildings include the Middle Park Hotel and picturesque Middle Park Beach, which all add to the bright colors.

Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary
Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

Middle Park is an area that is very popular with young people and is an area where young people are keen to rent.

In terms of real estate investment, because the area is a protected area, real estate development is restricted, which belongs to the shortage of stock housing market, which pushes up house prices.

Median single-family house: $2.6 million.

Median apartment: AUD 740,000

Weekly rent for a detached house: $800

Weekly apartment rent: AUD 530

If you can't afford it, consider the surrounding St Kilda West, Port Melbourne and South Melbourne.

St Kilda West has more apartments and vintage apartments, and bungalows or smaller units can be bought at a more affordable price.

The Port of Melbourne also offers an alternative, with the same waterfront lifestyle and closer to the CBD.

Port of Melbourne: $1.4 million

South Melbourne: $1.25 million

<h1 class="pgc-h-arrow-right" data-track="86">Brighton</h1>

Brighton is named after the seaside dwellers of England, a coastal area along Melbourne with a population of around 22,000 people.

Geographically, Brighton is 11km from the CBD and is home to a concentration of Victorian and Gregory-era luxury properties.

It's also an important attraction in Australia, with Dendy Street Beach and 82 coloured bath boxes, and many Melbourne postcards feature it.

Melbourne's wealthy middle class enjoy cycling and walking along the seafront.

Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary
Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

This area is the third most expensive area in Melbourne for housing prices.

Median single-family house: $2.64 million

Median unit price per apartment: AUD 1.01 million

Single-family rental: $1050 per week

Apartment rent: AUD 600 per week

If you can't afford it, consider the surrounding areas of Hampton and Sandringham, or even Beaumaris, which are close to the beach, less than 20 km from the central business district, with large shopping malls, excellent schools, highways and other roads, and the price, for the public, is affordable.

Hampton $1.83 million

Sandringham $1.7 million

<h1 class="pgc-h-arrow-right" data-track="113">Canterbury</h1>

Canterbury is considered one of Melbourne's most exclusive suburbs, especially the "Golden Mile" – Mont Albert Road, which runs west from Balwyn Road and connects it to the avenue of Canterbury Road, especially Monomeath Avenue, lined with large oak trees and mansions owned by famous wealthy people.

Boulevards are lined with trees that turn bright red in autumn. The area is home to many luxurious historic residences and is also home to some of Melbourne's oldest schools.

Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

Median house price: $2.7 million

Median apartment: AUD 1.2 million

Average weekly rental on premises: $910

Average weekly apartment rent: $480

<h1 class="pgc-h-arrow-right" data-track="128" > East Melbourne</h1>

<h1 class="pgc-h-arrow-right" data-track="129">

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<h1 class="pgc-h-arrow-right" data-track="130">

East Melbourne is an emerging community just 2 kilometres from the CBD. There are more art design style houses and magnificent Victorian charming townhouses, charming European-style café apartments, gorgeous gardens and high-profile facilities.

Everywhere is full of historical accumulation.

Parks and green belts are everywhere in the eye.

East Melbourne's high earners are second only to Toorak and Hawksburn, with an average annual income of 185437 A$100.

Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary
Melbourne's 10 rich areas, where do rich people live? How do ordinary people invest? (Top) BrightonCanterbury East Melbourne Summary

This area, which belongs to the old rich area, is very expensive to rent.

Median single-family house: $2.3 million

Median apartment price: $800,000

Average home rent: $1,100 per week

<h1 class="pgc-h-arrow-right" data-track="147" > summary</h1>

In general, Melbourne's southern and eastern suburbs are more valuable than the north and west of the city, as southeast schools are better, the area is safer, and it's close to the CBD, more attractive to wealthy middle-class families and businesses, so these areas also have the highest housing prices.

The Chinese concentrated in wealthier areas of Eastern Melbourne, such as Glen Waverley and Box Hill, which often have good schools.

This issue first introduces the 5 rich areas, the next issue, to introduce the last five, and to provide you with more investment advice, please pay attention.

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