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Top 10 Melbourne Suburbs


We have complied a list of the top 10 richest suburbs in Melbourne by family income.

1.   Brighton, VIC 3186

Situated on the coast just 11km south of Melbourne is the suburb of Brighton. This suburb is classed as one of the most affluent areas of Melbourne. A tourist spot is the brightly coloured bathing huts on Dendy Street beach.

Detached houses make up 57.5%, semi-detached 22.4% and apartments just 19.1%.

Quick Facts:
  • Total of 6,175 families
  • 768 families earn more than $312,000 per year
  • Median age is 45
  • Median Property Price is $2,516,500
  • Median Rent is $985 per week

See Brighton's family income chart

Melbourne, Victoria Melbourne, Victoria (Credit: Alexis Coupe)
Denby Street Beach, Melbourne, Victoria Denby Street Beach, Melbourne, Victoria (Credit: Josh Withers)

2.   Kew, VIC 3101

Kew is located 5km east of Melbourne’s CBD with easy access via the tram. Kew is home to some beautiful Victorian homes, leafy streets and good private school options. Shopping and restaurants are located at Kew junction.

Detached houses make up 51.3%, semi-detached 24.9% and apartments just 23.2%.

Quick Facts:
  • Total of 6,129 families
  • 610 families earn more than $312,000 per year
  • Median age is 39
  • Median Property Price is $2,000,000
  • Median Rent is $755 per week

See Kew's family income chart

 

3.   Glen Iris, VIC 3146

Located 10km south east of Melbourne's CBD, Glen Iris is an attractive hilly suburb. The suburb has great transport link via tram and train. There is something for everyone here from modern apartments to detached period homes.

Detached houses make up 56.6%, semi-detached 19.2% and apartments just 23.8%.

Quick Facts:
  • Total of 6,649 families
  • 584 families earn more than $312,000 per year
  • Median age is 37
  • Median Property Price is $1,875,000
  • Median Rent is $750 per week

See the Glen Iris family income chart

Melbourne, Victoria Melbourne, Victoria (Credit: Shaun Low)
Shopping, Melbourne, Victoria Shopping, Melbourne, Victoria (Credit: Heidi Sandstrom)

4.   Toorak, VIC 3142

Toorak is classed as an upmarket suburb located 5km south east of Melbourne’s CBD. It is home to the wealthy and has one of the highest median property prices in our top 10. Toorak is a prestigious address and many people aspire to living in this location.

Detached houses make up 30.2%, semi-detached 20.1% and apartments just 49.6%.

Quick Facts:
  • Total of 3,326 families
  • 514 families earn more than $312,000 per year
  • Median age is 45
  • Median Property Price is $3,475,000
  • Median Rent is $1,125 per week

See Toorak's family income chart

 

5.   Hawthorn, VIC 3122

Located 6km east of Melbourne’s CBD is the suburb of Hawthorn. This is a wealthy area as displayed with many grand Victorian houses. Glenferrie Road has all the local amenities that you need such as shopping, restaurants, banks etc. Hawthorn is also home to Scotch College a well-regarded place for boys’ education.

Detached houses make up 23.5%, semi-detached 16.4% and apartments just 59.3%.

Quick Facts:
  • Total of 5,364 families
  • 493 families earn more than $312,000 per year
  • Median age is 32
  • Median Property Price is $2,130,000
  • Median Rent is $713 per week

See Hawthorn's family income chart

Southern Cross Train Station, Melbourne, Victoria Southern Cross Train Station, Melbourne, Victoria (Credit: Hangah Liong)
Melbourne, Victoria Melbourne, Victoria (Credit: Holger Link)

6.   Camberwell, VIC 3124

Camberwell is an affluent area of Melbourne 10km east of the CBD. This tree lined suburb is home to many professional families and is known to be a quiet suburb and a sought-after area of Melbourne. Camberwell has everything you need on your door step such as great schools, restaurants and parks. Average property prices are expensive however rent is affordable.

Detached houses make up 61.9%, semi-detached 21.8% and apartments just 15.6%.

Quick Facts:
  • Total of 5,524 families
  • 484 families earn more than $312,000 per year
  • Median age is 41
  • Median Property Price is $2,080,000
  • Median Rent is $780 per week

See Camberwell's family income chart

 

7.   Malvern East, VIC 3145

A quieter suburb of Melbourne popular with families, Malvern East is 12km from the CBD. It has plenty of amenities at Chadstone’s Shopping Centre which is the largest in Australia by area.

Detached homes make up 56%, semi-detached homes 23% and apartments 9%.

Quick Facts:
  • Total of 5,424 families
  • 432 families earn more than $312,000 per year
  • Median age is 36
  • Median Property Price is $1,685,000
  • Median Rent is $620 per week

See Malvern East's family income chart

Melbourne, Victoria Melbourne, Victoria (Credit: Weyne Yew)
Melbourne, Victoria Melbourne, Victoria (Credit: Maddi Bazzocco)

8.   South Yarra, VIC 3141

South Yarra is 4km south-east of Melbourne’s CBD with great transport links being only 2 train stops from the city. This vibrant, upmarket suburb boasts boutique shops and eateries along with prestigious schools and expansive parks alongside the river Yarra.

Apartments make up 78%, detached homes 7% and semi-detached homes 14%.

Quick Facts:
  • Total of 5,535 families
  • 386 families earn more than $312,000 per year
  • Median age is 32
  • Median Property Price is $1,840,000
  • Median Rent is $750 per week

See South Yarra's family income chart

 

9.   Richmond, VIC 3121

Diverse and multicultural, Richmond is 3km south-east of Melbourne’s CBD and looks over the river bend (Yarra). Richmond has great transport links and an abundance of cafes and shops including the popular Little Saigon area on Victoria Street.

Apartments make up 49%, semi-detached homes 37% and detached homes 13%.

Quick Facts:
  • Total of 16,431 families
  • 375 families earn more than $312,000 per year
  • Median age is 33
  • Median Property Price is $1,313,500
  • Median Rent is $675 per week

See Richmond's family income chart

Melbourne, Victoria Melbourne, Victoria (Credit: Weyne Yew)
Melbourne, Victoria Melbourne, Victoria (Credit: Alex King)

10.   Port Melbourne, VIC 3207

Port Melbourne has a lot to offer with beach on your doorstep, open parklands, cafes and restaurants and great transport links being 5km from Melbourne’s CBD.

Apartments make up 51%, semi-detached homes 44% and detached homes 5%.

Quick Facts:
  • Total of 4,247 families
  • 333 families earn more than $312,000 per year
  • Median age is 40
  • Median Property Price is $1,410,000
  • Median Rent is $693 per week

See Port Melbourne's family income chart

References: Census Data 2016 & RP Data