Melbourne’s luxe property market hits new heights after $74 million sale


Melbourne has officially (but not really) taken over as Australia’s most populous city. But looking at the southern town’s prestige property market, it may not be too long before it’s commanding the emerald city’s glittering prices.
26A Linlithgow Rd, Toorak, recently bought by Ricky Ponting. Source: Supplied

Melbourne’s prestige property market is performing exceptionally well because of high demand and low stock, although the luxury apartment sector is still experiencing a slowdown that began with the Covid-19 pandemic.

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