Toorak emerged as the most popular suburb for both luxury houses and luxury units with 65 houses and 29 units sold , respectively . The runner-up for luxury house sales was Brighton with 53 houses , then Kew with 39 . For luxury units , Toorak was very much the dominant suburb . The runner-up , Melbourne ( CBD ), had almost half of Toorak transactions with 15 units sold .
M E L B O U R N E
MELBOURNE TOP SUBURBS FOR LUXURY HOUSE SALES ( 2023 ) Count of house sales over $ 5M
Suburb
No . of Luxury House Sales
Toorak Brighton Kew Balwyn Hawthorn South Yarra Malvern Armadale Hawthorn East Canterburry
65 53 39 24 24 19 17 15 15 14
Source : Ray White
MELBOURNE TOP SUBURBS FOR LUXURY UNIT SALES ( 2023 ) Count of unit sales over $ 3M
Suburb
No . of Luxury Unit Sales
Toorak Melbourne Brighton South Yarra East Melbourne Kew Port Melbourne Hawthorn St Kilda Balwyn
29 15 14 13 11 3 3 3 3 2
Source : Ray White
21