Second bathrooms are adding six figures to sale prices in a number of Melbourne suburbs, according to new data from the REIV. 

In the year to 30 June, two bathrooms added the greatest value to sale prices of two-bedroom apartments in Stonnington, where two-bedroom apartments with two bathrooms had a median price of $920,000, $312,000 more than homes with only one bathroom.  

In Hobsons Bay the median price for a two-bedroom apartment with two bathrooms was $650,000, $184,000 more than the median for two-bedroom apartments with only one bathroom.  

For three-bedroom houses, two bathrooms added the most value in Port Phillip, where the median three-bedroom, two-bathroom house price was $1,830,000, $252,500 more than three-bedroom homes in the municipality with only one bathroom. 

Other areas where two-bathrooms increased the sale price of a typical family home by more than $170,000 include Bayside, Mornington Peninsula, and Moonee Valley. 

REIV President Joseph Walton said second bathrooms were highly sought after, particularly in premium bayside and inner-city areas.

"The number – and quality – of bathrooms is a key consideration for buyers, especially those with families," he said.

"Buyers are often willing to pay a premium for the convenience of two bathrooms," he said.

Investors also perceive second bathrooms as valuable.

“Investors are also realising the value of having a second bathroom when listing properties for lease," said Walton.

Walton said many new properties now being built cater to the demand for two bathrooms.

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