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Realestate.com.au chief economist Nerida Conisbee said $1 million had traditionally been “an aspirational price point” in Melbourne, but it had now become http://www.csl-az.com/questions-for-consideration-with-central-aspects-in-mortgage-broker-melbourne/ more common. Ms Conisbee said seven-figure suburbs were falling like dominoes in the city — once one hit a $1 million median, buyers were typically pushed to the next one over, which then experienced a rise in demand that saw its median rise as well. A couple are also on the brink of $2 million averages, led by Hampton, Caulfield, Albert Park and Eaglemont. Advantage Property Consulting director Frank Valentic tipped more $1 million medians to crop up north and west of the CBD in particular. “These areas still offer good bang for buck. A lot of the east and southeast is already up there,” he said. 68 Rosehill Rd , Lower Plenty fetched $2,287,500 this month.Source:Supplied Mr Valentic expected the ripple effect pushing buyers further from the CBD to put Preston and Reservoir among the north’s next million-dollar ‘burbs, followed by Thomastown and Fawkner. Next in line in the west were Footscray and West Footscray, then Sunshine and Maidstone. “Some of these are probably still a few years away,” he said.