Nathan Mawby

Melbourne's million-dollar club has defied the odds and grown across 2024, despite widespread home value falls for almost 200 suburbs around the city.

The Victorian government is facing calls to expand its primary assistance program for first-home buyers, with fewer than 20 Melbourne suburbs left with home prices below $600,000.

The Victorian government is facing calls to expand its primary assistance program for first-home buyers, with fewer than 20 Melbourne suburbs left with home prices below $600,000.

Solar panels, squeezing an extra bedroom into a floorplan, a new kitchen bench and bathroom tiling could be enough to add $100,000 to the value of Melbourne’s dated and daggy homes.

With home price tipped to rise as there is an interest-rate cut in 2025, making a start on cashing in this summer could set you up for big rewards. Here’s the simple things you could do.

And with the Victorian capital tipped for home price rises as soon as there is an interest-rate cut in 2025, those making a start on cashing in this summer could be set for big rewards for things as simple as fresh paint, new flooring or even a garden update.

The city's million-dollar club has defied the odds and grown across 2024, despite widespread home value falls for almost 200 suburbs.

Elliot Giakalis and his family are riding Melbourne’s $1m wave north.

The Sorrento home where Munster Terrace lead singer Greg Sullivan grew up, and rehearsed with the band ahead of gigs, has been listed for sale with a $3.5m-$3.85m price guide.

The home where ‘Sorrento’s very own Michael Hutchence’ grew up, and rehearsed with his band ahead of gigs, has been listed for sale with a $3.85m price tag. SEE INSIDE