Which is the most posh and the most expensive area to reside in melbourne?

Question

Actually im a german citizen residing in munich, and would wanna know if neone knows wat would be the rules regulations for a foreigner buying a house in melbourne.

Answer 1

mainly the inner-city and eastern suburbs and around the Beach-St Kilda and Brighton.

Answer 2

Toorak is the poshest and most expensive area in Melbourne although some parts of South Yarra and Brighton (beachside) are also expensive. Close to but out of Melbourne itself, the top would be Portsea an the Mornington Pensinsula.

Foreigners are able to buy property in Australia, but must get Foreign Investment Review Board (FIRB) approval. I understand that for the purchase of residential property, approval is easy to obtain.

http://www.firb.gov.au/content/default.a...

Answer 3

wonga park ,  toorak , sorrento , portsea , south yarra , mornington , just about anywhere along the coast has taken off in price . you would have to apply to own Australian property

Answer 4

toorak, brighton

along the coast at mt eliza

Answer 5

top 3

1) toorak

2) brighton

3) south yarra