Melbourne is currently experiencing a housing bubble (some experts say it may burst soon). Maybe someone can find a trend or give a prediction? Which suburbs are the best to buy in? Which ones are value for money? Where’s the expensive side of town? And more importantly where should your distant cousin :-) buy a 2 bedroom unit?

The Melbourne Housing Market has a detailed analysis of the same.The analysis provides insights into the following

1. Which factors influence the house of the price most ?
2. Which Suburbs are most costly and least costly ?
3. How the prices change with the
   • number of room(s)
   • number of bedroom(s)
   • distance from CBD
   • type of the house
   • building area
   • number of bathroom(s)

If you are interested in the code, please find it in github. The original dataset has been hosted in Kaggle.