Ray White Now | June 2022 | Page 16

OLINDA , MELBOURNE
Olinda in Melbourne ’ s outer east has more than 70 per cent tree coverage making it the leafiest suburb in an Australian capital city . It ’ s also a suburb that wasn ’ t that expensive 10 years ago ( with a median less than $ 500,000 ) but has become so now ( median at $ 1.16 million ). While price growth is driven in part by Olinda ’ s leafiness , the pandemic also helped it along . The suburb is 52kms east of Melbourne so is quite a commute if you work in the city . Changes to the way people work has likely made Olinda even more popular .
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