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Seven suburbs now in Melbourne's $1mil club |
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A growing number of Melbourne suburbs are joining the ?million dollar housing club? ? areas where multiple building permits have been issued for homes worth over $1 million.
In FY2007 seven Melbourne suburbs had at least five $1 million building permits issued. Traditionally millionaire building activity has been confined to the usual suspects such as Toorak, Brighton and Portsea ? but lately these areas have been joined by Hawthorn, Kew, Flinders and Malvern.
Toorak still heads the list with 22 building permits of $1 million or more for building or renovating homes, followed closely by Brighton with 20 such permits.
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