On Melbourne’s best streets, from waspy Toorak to waterfront Middle Park, rich and famous owners pay tens of millions for triple-A property.
But tucked between the mega mansions, worth upwards of $10 million, it is possible to find real estate for the hoi polloi, especially in established suburbs.
Older apartment blocks rise between the tightly-held, old money manors, which have been owned by the same families for generations.
Some of these apartments are on the market at under $1 million – perfect for buyers who seek an elite address for less.
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8/47-49 Caroline Street, South Yarra Photo: Supplied