Melbourne suburbs where owners have enough spare cash to buy another property revealed | Digital Finance Analytics [Video]

The Melbourne postcodes with at least $121,000 saved up have been revealed in a new report from Digital Finance Analytics.

The average household in more than 20 Victorian postcodes is sitting on enough spare cash to put down a deposit for a unit.

Experts believe the data has revealed the areas where the bank of mum and dad lives— and it’s not just rich-lister suburbs.

Postcodes with at least $121,000 saved up include several pockets around the Dandenong Ranges from Olinda to Beaconsfield and Berwick.

The sum would cover 20 per cent of Melbourne’s $608,000 median unit price, the amount needed for a deposit in most scenarios.

Another 25 areas around the state with $100,000-$121,000 available feature the likes of Docklands in the city, Essendon in the north and Plumpton …