Price gap widens between house and apartment in Melbourne's favourite suburbs

10 September 2019

A wide gap has formed between house and apartment prices in Melbourne’s favourite suburbs.

The huge flood of new apartment construction in recent times has left apartment prices close to the city stagnating and bad press of late surrounding flammable cladding and poor construction standards isn’t helping.

The worst suburbs for apartments include Abbortsford, South Yarra and Parkville which all have differences in prices between houses and apartments at 80 per cent or above.

Melbourne is Australia’s worst capital city right now in terms of the price differential.

Simon Pressley from Propertyology spoke to

“Being centrally located, in a trendy area, being close to a train station, or having a stylish fit-out means absolutely nothing from a capital growth perspective if there are thousands of same-same Lego properties for buyers to choose from,” he said.

Advantage Property Consulting director Frank Valentic said it was a good idea for buyers to look further afield to avoid the problem.

“Try and buy units about a 10-15km radius from the city, where there’s not as much high-rise development,” he said.

“Stick to the older-style blocks from the 1930s to 1970s that tend to be in smaller developments and have more land value,” he told


The best thing you might want to do if investing in commercial property is assemble a ‘dream team’ of experienced operators that understand the process and understand why you are investing.

Read more

Mortgage Professional Australia has announced that Perry Finance Director and Melbourne Finance & Equity Group CEO Cameron Perry is one of MPA’s Top Ranked Commercial Brokers of 2022.

Read more

Prospective home buyers and investors are being warned to temper their expectations as the dust settles on the Reserve Bank’s first interest rate rise in years.

Read more

The Reserve Bank this week pulled the trigger on interest rates as expected, hiking the official cash rate by 25 basis points to 0.35 per cent.

Read more