The Affluent Suburbs of Melbourne

Looking for a place to live among the richest people of Melbourne? Or are you just plain curious to know how the other half live? Melbourne has a range of suburbs known for its mansions, high-end shopping and population of elite residents. Even if you’re not aiming to join them, it can be fun just to stroll around their streets and imagine what it might feel like to live there.

Want to know more? Here’s a look at some of the most affluent suburbs of Melbourne:

East Melbourne

East Melbourne is an inner-city suburb located 2 km from the CBD of Melbourne. It is home to iconic buildings and parks such as ​Parliament House, the Old Treasury Building, St Patrick’s Catholic Cathedral and the world-famous Melbourne Cricket Ground so it’s no wonder it’s a popular place home to some of the city’s elite.

Some of Melbourne’s oldest homes are located here and it’s about as close as you can get to living right in the CBD. You’ll find some spectacular terrace houses as well as art deco apartments in East Melbourne, all nestled among the hustle and bustle of the city yet protected by the lush green parklands of Treasury Gardens.

Glen Iris

Glen Iris is just 10 km from the city centre and home to large period homes as well as some more modern stylish apartments. Median property prices are around 1.8 million dollars here with families making up the majority of the population.

There’s plenty to do in Glen Iris including some classic village type shopping or eating along High St where there’s plenty of options to choose from. There’s excellent schools in the area and public transport is great too, as well as being easily accessible by car as well.


It’s nothing but luxury living in Toorak, a well-known area of Melbourne that the most elite like to call home. Toorak is a leafy suburb full of mansions, glamorous restaurants and boutique shopping where houses go for an average price of 3.3 million dollars. It’s no wonder private schools are in good supply here.

This exclusive suburb is within easy commuting distance to the CBD for those that need to get there but there’s plenty to do without stepping out of the village-style living of Toorak. You can wander around Toorak Rd for some high-end shopping or to grab a bite to eat, or head to nearby Chapel St for shopping of a slightly more affordable nature.


For luxury bayside living you can’t go past Brighton, located 11 km south-east of the city. Here you’ll not only find excellent schools but two shopping strips along Bay Street and Church Street which include a great range of places to eat and drink.

Houses here are large and glamorous, ranging from period homes to more modern builds. Average house prices are around 2.4 million dollars and older families with children make up most of the population.

The major drawcard of Brighton is of course its beach, complete with cute little colourful bathing boxes. When it’s too cold to swim you can walk along the beachside paths or join the cyclists as they commute to work or enjoy a Sunday ride.


Camberwell is located 10 km east of the city and is another leafy suburb filled with large period houses and convenient shopping. Burke Road offers all the shopping and eating choices you could ever need.

Camberwell has a range of good schools nearby and the suburb is easily accessible by public transport. Houses here will set you back an average of 1.8 million dollars and it’s a very popular suburb for families with children at school.

What brings people to Camberwell is its historic status and long-established tree lined streets, making it the ideal location to call home for families and singles alike.


Beaumaris is another bayside suburb located 20 km south-east of the CBD. Here you’ll find large modern houses mostly populated by families with children or older couples.

If you’re looking for something to do here you can dine at one of the many cafes and restaurants or head to Ricketts Point Marine Sanctuary to play in the rock pools and discover a whole range of marine life. If that’s not elite enough for you, you can even try your hand at sailing at the Beaumaris Yacht Club. Of course you’ll also find your typical village-style shopping options, good schools and cafes here too.

Albert Park

Albert Park offers large historic houses and bayside living just south of the city centre. You can expect to spend an average of 2 million dollars on a house here with properties ranging from small Victorian cottages to large modern builds. It’s worth a stroll around the streets just to check out some of the amazing historical homes in leafy Albert Park.

From here you can see the city and still feel the relaxed vibes of living by the water so it’s no wonder it’s a popular suburb. Take a walk around Albert Park Lake, jump on a tram into the CBD or have a bite to eat in one of the many cafes – you can take your pick.


Hawthorn is located just east of the city and offers a leafy outlook with all the conveniences of the city. Nearby Swinburne University means this suburb has a large population of students but even so the average property price is around 2.1 million dollars.

As one of the older suburbs of Melbourne, Hawthorn offers historic period homes and terrace houses which brings in the elite crowd, as well as more modern apartments and townhouses. There’s good schools, excellent public transport and a whole array of food options, including some top notch coffee roasters.

Whether you’re hoping to one day join Melbourne’s elite residents or if you’re just hoping to take a stroll around their streets, there’s many affluent suburbs in Melbourne to choose from. If you can’t afford to spend a few million dollars on a house you can at least enjoy a decent cup of coffee while you take a stroll around the streets of these affluent suburbs.

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