City of Stonnington

Armadale – 3143
City of Stonnington
Location from CBD: 7kms east

Located 7kms to the east of the CBD, Armadale is one of Melbourne’s premium suburbs. Armadale consists of approximately 40% rented dwellings and attracts younger people and families with older children. Armadale’s main shopping precinct, High Street is well known for its antiques and high fashion boutiques and is perhaps Melbourne’s most exclusive shopping strip. With two train stations, Armadale and Toorak, located within its boundaries, the suburb boasts easy access to the city and surrounding areas. A number of parks and gardens are also attractive for many families.

Surrounding Suburbs: Prahran, Toorak, Caulfield North, Malvern
Median House Price: $1.2 million
Median Unit Price: $430,500
Population: 8,467

Glen Iris - 3146
City of Stonnington and City of Boroondara
Location from CBD: 10kms south east

Glen Iris is located 10kms south east of Melbourne’s CBD and its close proximity to many premium schools and recreational facilities, including the Harold Holt Swim Centre, makes it an attractive suburb for families with children. The Glen Iris wetlands are a natural feature of the suburb and the vast number of public transport options makes the city and surrounding suburbs easily accessible. Many world-class shopping strips such as Chapel Street, Toorak Road, High Street, Glenferrie Road and Chadstone are located on the doorstep of Glen Iris.

Surrounding Suburbs: Camberwell, Hawthorn East, Ashburton, Ashwood, Malvern, Malvern East, Burwood
Median House Price:$945,000
Median Unit Price: $462,500
Population: 23,270 (across both council areas)

Kooyong - 3144
City of Stonnington
Location from CBD: 6kms south east

Kooyong is a small, spin off suburb of the prestigious Toorak. The small population of 781 is representative of the size of the suburb which is only .5km2. Nevertheless, Kooyong has plenty to offer with up market restaurants and the famous Kooyong AAMI Classic – a boutique tennis event held annually. The suburb is also well known for its leafy streets and is popular among families with both young and older children, many of whom attend the exclusive private schools in the surrounding suburbs.

Surrounding Suburbs: Toorak, Hawthorn, Malvern
Median House Price: $1,410,000
Median Unit Price: NA
Population: 781

Malvern – 3144
City of Stonnington
Location from CBD: 8kms south east

Malvern is one of Melbourne’s premium suburbs, and it’s reflected in its median house and unit prices. The suburb boasts a number of beautiful Victorian style parks and gardens including Malvern Gardens in Spring Road. Malvern’s abundant shopping attractions such as Malvern Central and Glenferrie Road are also home to a variety of restaurants and cafes. Several heritage buildings are located within Malvern and recently there has been a marked increase in medium/high density housing. Families with children make up over half the population of Malvern, with many of Melbourne’s best schools located nearby. A number of trains and trams service the suburb, which is only 8kms south east of Melbourne’s CBD.

Surrounding Suburbs: Toorak, Caulfield North, Armadale, Hawthorn, Hawthorn East, Glen Iris, Kooyong, Malvern East  
Median House Price: $1,510,000
Median Unit Price: $666,750
Population: 9,422

Malvern East – 3145
City of Stonnington
Location from CBD: 11kms south east

Malvern East’s close proximity to Melbourne’s CBD, 11km’s to the south east, and its large number of open public spaces makes it an attractive suburb for families with young children. Many of the residential areas surrounding open parklands are subject to heritage protection, with Hedgeley Dene Gardens the first public open space protected on neighbourhood character grounds. Malvern East is serviced by train, tram and bus services and the community bike path along Gardiners Creek joins with and forms an integral part of the Greater Melbourne network of bike paths. A number of golf courses in Malvern East are also a popular feature of the suburb. With the inclusion of Chadstone Shopping Centre, Malvern East is a retail haven for residents and visitors.

Surrounding Suburbs: Ashburton, Ashwood, Carnegie, Caulfield North, Chadstone, Glen Iris, Hughesdale, Malvern, Murrumbeena, Oakleigh   
Median House Price: $1,057,500
Median Unit Price: $449,000
Population: 19,594

Prahran – 3181
City of Stonnington
Location from CBD: 5km south east

Prahran is one of Melbourne’s trendiest suburbs and attracts a significant number of young people between the ages of 15 – 29. Almost half of all dwellings within the suburb are being rented. Two of Melbourne’s most popular and exclusive shopping strips, Chapel Street and Greville Street, are located within the suburb and host a mix of high end fashion boutiques, bookstores, music shops, cafes and restaurants. Prahran is also a major entertainment area with an abundance of theatres and nightclubs. Located only 5 km south-east of Melbourne’s CBD this popular suburb has a large number of architecturally significant commercial buildings on the Victorian Heritage Register. There are small gardens throughout Prahran however many are hidden and have been overtaken by sub divisions and an increase in medium/high density housing. Residents enjoy all amenities within walking distance and public transport is also readily available with trains and trams. The Prahran Market on Commercial Road is a popular shopping and meeting place for many residents.

Surrounding Suburbs: Armadale, Caulfield North, Melbourne, South Yarra, St Kilda East, Toorak  
Median House Price: $825,000
Median Unit Price: $385,000
Population: 10,651

South Yarra - 3141
City of Stonnington
Location from CBD: 4kms south east

South Yarra attracts many of Melbourne’s young professionals with an increase in 20 - 39 years olds moving to the suburb each year. More than half of all dwellings are rented and South Yarra is a popular home among couples with no children - just under 60% of all residents. Perhaps Melbourne’s trendiest shopping strip, Chapel Street, runs through South Yarra and caters for the fashion savvy and includes restaurants, nightclubs and a strong cafe culture. South Yarra is also home to some of Melbourne's most prestigious residential addresses and includes icons such as the Jam Factory, The Como Centre and Prahran Market. There are also a number of heritage registered buildings in South Yarra including Melbourne High School. An abundance of public transport throughout the suburb allows for easy access to the city and surrounding suburbs.

Surrounding Suburbs: Burnley, Cremorne, Melbourne, Prahran, Richmond, Toorak 
Median House Price: $801,000
Median Unit Price: $445,000
Population: 17,992

Toorak – 3142
City of Stonnington
Location from CBD: 5kms south-east

Toorak is Melbourne’s most prestigious suburb and is hugely popular among the elite. Although predominately apartments, Toorak also has the biggest and best homes within Melbourne with largerly neo-goergian and neo-classical styles of mansions. Toorak Village is known for its high class fashion boutiques and eatieries and has been compared to the exclusive Rodeo Drive in Los Angeles. In fact, Toorak has the most boutique designer stores, art galleries, antique shops, eateries and beauty salons than any other suburb in Australia. This leafy suburb has the highest percentage of children attending non-government schools in Melbourne and is attractive to families with older children. Many picturesque parks and gardens are found scattered around Toorak and it’s close proximity to Melbourne’s CBD and transport options helps make Toorak a highly sought after suburb.

Surrounding Suburbs: Armadale, Burnley, Hawthorn, Kooyong, Malvern, Prahran, South Yarra
Median House Price: $1,875,000
Median Unit Price: $567,500
Population: 13126

Windsor - 3144
City of Stonnington and City of Port Phillip
Location from CBD: 5kms south east

Windsor attracts a young population with over half its residents aged between 20 and 39 years and approximately 54% comprising of couples without children. Housing within Windsor is a mix of medium density apartments, terrace houses, high rise public housing and semi detached cottages. A high proportion of these dwellings are rented and with a campus of Swinburne University located in the suburb, Windsor is popular among students. Windsor is located at the more bohemian end of Melbourne’s popular and famous Chapel Street and a number of pubs and lower end restaurants are popular among residents of Windsor. With a number of public transport options and its close proximity to Melbourne’s CBD, Windsor is a more affordable option for many residents than the surrounding Toorak or South Yarra.

Surrounding Suburbs: Toorak, Hawthorn, Malvern
Median House Price: $ 735,000
Median Unit Price: $380,000
Population: 6,014

Sources:

Australian Bureau of Statistics
City of Stonnington
City of Boroondara
City of Port Phillip
Domain.com.au
Real Estate View