Number of million-dollar Melbourne suburbs falls to 17: APM By Larry Schlesinger Friday, 02 March 2012 The number of suburbs with median house prices above $1 million fell both in Melbourne and Sydney over the second half of 2011, with notable falls recorded in Toorak, a suburb synonymous with wealth and prestige. APM senior economist [...]

RP Data research shows solid growth in suburbs 10km outside capital cities, where real estate is more affordable, and middle-ring suburbs along major transport spines top its list of strong performers, indicating that buyers are rating both the price and commuting time high in their priorities.