Melbourne's cheapest streets are giving prospective homeowners a chance to get a house for bargain prices less than $400,000.
The article from News.com.au discusses the disparity in property prices across Melbourne, highlighting both the most expensive and the cheapest streets based on data from Ray White. The priciest street identified is St Georges Rd in Toorak, where the median house price is a staggering $10.6 million, showcasing the luxury end of Melbourne's real estate market. Conversely, the cheapest street for houses is found in Coolaroo, with a median price of $375,000, reflecting a more affordable segment of the market. For units, the most expensive are located in St Kilda Rd, Melbourne, with a median price of $1.3 million, while the cheapest units can be found in Coolaroo, with a median price of $270,000. This stark contrast illustrates the wide range of property values within the city, influenced by factors like location, amenities, and market demand.
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