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Highest Home Value in Victoria

Top 100 cities ranked by highest home value

Best Cities For...

Composite rankings combining multiple weighted metrics — 5 topics across U.S. Census, FBI, NOAA and CDC data.

Best Cities for Retirees
Low crime, warm climate, affordable cost of living and strong healthcare access.
Best Cities for Remote Workers
Strong broadband, affordable rent, low traffic and existing remote-work culture.
Best Cities for Families
Strong schools, low crime, affordable homes and family-friendly commutes.
Best Cities for Young Professionals
High incomes, educated peers, transit access and an under-35 demographic.
Most Affordable Cities
The lowest cost of living across home prices, rent, services and rent burden.
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All Countries  ·  Australia  ·  Victoria

Highest Home Value — Victoria

1 Beaumaris $344,800
2 Brighton East $338,000
3 Brighton $338,000
4 Albert Park $332,400
5 Balwyn North $312,000
6 Carlton North $311,000
7 Clifton Hill $309,800
8 Black Rock $304,800
9 City of Port Phillip $304,200
10 Port Melbourne $304,200
11 McKinnon $290,600
12 Canterbury $290,200
13 Templestowe $289,000
14 Eltham North $288,400
15 Mount Eliza $288,400
16 Bentleigh East $281,600
17 Hampton $281,600
18 Mont Albert North $281,600
19 Torquay $281,600
20 Vermont South $279,400
21 Caulfield South $279,400
22 Aspendale Gardens $279,400
23 Mount Martha $279,400
24 Warrandyte $277,200
25 Toorak $273,800
26 Camberwell $273,800
27 Wheelers Hill $271,000
28 Fitzroy North $271,000
29 Glen Waverley $270,400
30 East Melbourne $270,400
31 Bentleigh $270,400
32 Mount Waverley $268,200
33 Kew $268,200
34 Templestowe Lower $267,600
35 Northcote $267,600
36 Caulfield $267,600
37 Kew East $265,400
38 Newport $265,400
39 Surrey Hills $260,200
40 Doncaster East $260,200
41 Yarraville $260,200
42 Sandringham $259,200
43 Aspendale $259,200
44 Seddon $259,200
45 Bulleen $258,600
46 Ashburton $256,400
47 Balwyn $254,000
48 Alphington $254,000
49 Fitzroy $254,000
50 Viewbank $254,000
51 Malvern $253,600
52 Glen Iris $253,600
53 Williamstown $253,600
54 Strathmore $253,600
55 Doncaster $253,600
56 Donvale $253,600
57 Dingley Village $253,600
58 Chirnside Park $249,600
59 Rowville $248,400
60 Richmond $248,400
61 Elsternwick $248,400
62 Brunswick $248,400
63 Wantirna South $248,400
64 Eltham $247,800
65 Burwood East $247,400
66 Ringwood North $245,600
67 Lysterfield $245,000
68 Niddrie $243,400
69 Blackburn North $242,800
70 Moorabbin $242,800
71 Ivanhoe $242,200
72 Diamond Creek $242,200
73 Waurn Ponds $242,200
74 Patterson Lakes $242,200
75 Highett $242,200
76 Coburg $242,200
77 Cheltenham $242,200
78 Greenvale $242,200
79 Mulgrave $242,200
80 Edithvale $241,600
81 Wantirna $241,200
82 Vermont $240,000
83 Box Hill North $239,400
84 Abbotsford $239,400
85 Pascoe Vale South $239,400
86 Collingwood $239,400
87 Oakleigh East $239,400
88 Box Hill South $239,400
89 Gisborne $238,200
90 Caulfield North $237,800
91 Brunswick East $237,200
92 Keysborough $237,200
93 Chadstone $237,200
94 Prahran $237,200
95 Armadale $237,200
96 Malvern East $237,200
97 Rosanna $237,200
98 Knoxfield $237,200
99 South Melbourne $237,200
100 Aintree $236,600

The most expensive housing markets in Victoria reflect areas of high demand, limited supply, and strong local economies. Beaumaris leads with a median home value of $344,800. These cities are often located in major metro areas or regions with significant economic activity.

High home values are driven by factors including strong job markets, desirable locations, good school districts, and limited buildable land. For homeowners, high values represent significant wealth accumulation, but for prospective buyers, they create substantial barriers to entry.

Many of the most expensive markets have seen rapid appreciation over the past decade, outpacing income growth and raising affordability concerns. This has led to increased interest in remote work opportunities that allow residents to earn high salaries while living in more affordable areas.

Did You Know?

  • 1. A typical home in Beaumaris costs $344,800 — 1.0x the national median of $350,000.
  • 2. Home values in the top 10 most expensive cities have increased by an average of 40-60% over the past decade.
  • 3. In the most expensive markets, a 20% down payment alone exceeds the median home price in most U.S. cities.

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