Posted November 09, 2018 07:17:08 In Melbourne, the cost for a house can easily reach into the hundreds of thousands of dollars.
With an average home value of $1 million, it can cost around $1.5 million to purchase.
So, what does the average cost of buying a new house in Melbourne look like?
We looked at all the new homes in Melbourne for 2018, as well as their average prices.
The average price for a home in the city is $1,082,000.
For the median price of a home, it is $3,851,000, which means it is the most expensive home in Australia.
So far, this year, Melbourne has been hit by a record number of fires, with 8,936 fires so far this year.
And while the fires have not affected everyone, the number of homes that have been destroyed has increased by almost 10 per cent compared to last year. Read more
