The blue-chip Melbourne suburbs outperforming the rest

Melbourne's blue-chip suburbs showed resilience despite a softening housing market, with Middle Park leading at a 10 percent growth to a median of $2,995,000 in the year ending March. Other suburbs like Glen Iris and Elsternwick also saw increases, driven by limited listings and demand for low-maintenance living. Experts note a trend toward lifestyle-focused properties amid economic uncertainty.

Summary by OZbrief · Brisbane Times