Toby is the director of hockingstuart Balwyn in Melbourne. He is a Licensed Estate Agent and Senior Auctioneer.
Any good business person will tell you that having a large sum of money in your savings account is futile, especially while interest rates are at record lows.
Not long ago, Balwyn North rarely made the REIV “million dollar suburb” list – today it has a median house price of $1,690,000.