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With a $940,000 median, the typical Toorak apartment costs less than a quarter of the suburb’s average-priced house at $4.6 million, according to REIV. The next biggest savings are on offer in Hawthorn ($2.107 million difference between median house and unit prices), Caulfield North ($1.744 million), South Yarra ($1,672,500 million), Balwyn ($1.63 million) and Brighton ($1.615 million). Seven-figure savings were also on offer in Hawthorn East, Surrey Hills, Kew, Glen Iris and Essendon, with six-figure discrepancies in Prahran, Hampton, Fitzroy North, Doncaster, Richmond, Northcote, Brunswick and Moonee Ponds. Hawthorn East one-bedroom house tops $1 million 12/9-11 Newton St recently fetched $432,000 in Thomastown, which enjoyed the biggest growth in unit prices last year.Source:Supplied Mr Simpson said apartments didn’t have to be forever homes for young Melburnians — just Mortgage brokers Oak Laurel Melbourne, 0430 129 662 www.oaklaurel.com.au a means to enter the market and build equity to eventually help them upsize. And while apartments typically http://www.csl-az.com/explaining-intelligent-tactics-for-mortgage-broker-melbourne/ didn’t record the same level of growth as houses, the property type enjoyed double-digit growth in several suburbs last year, led by Thomastown, Reservoir, Brighton and Thornbury. WBP Group executive chairman Greville Pabst said to give themselves the best chance of earning capital growth, buyers should choose apartments in blocks of fewer than 20, with floorplans bigger than 50sq m and carparks, that were walking distance to public transport, shops and eateries. Villa units were the pick of the property type, as they came with a backyard, while older-style apartments built between the ‘20s and ‘70s were also a good bet, Mr Pabst said. Suburbs where buying an apartment will save you the most 2/27-29 Marco Polo St , Essendon earned $720,000 this year. Villa units are the best performing property type in the apartment market.Source:Supplied TOORAK: $940,000 median unit price vs. $4.6m median house price = $3.66m difference HAWTHORN: $611,000 vs. $2.718m = $2.107m difference CAULFIELD NORTH: $661,000 vs.