A valuable piece of Melbourne real estate has quietly passed the $1 million barrier, but it is not your typical family home.
Newly released prices for Melbourne's cemeteries show that the most expensive position at Melbourne General Cemetery is now valued at almost $1.1 million.
That price tag is attached to a family mausoleum room with 24 casket spaces.
But many of Melbourne's priciest resting spots have been pre-sold, echoing the difficulty of entering Melbourne's housing market.
Southern Metropolitan Cemeteries Trust spokesman Leigh Funston said prices ranged from about $1000 for interment of cremated remains, to hundreds of thousands of dollars for more elaborate options.
"We have a responsibility as a cemetery trust to upkeep and maintain the cemeteries forever," he said. "We don't draw on the public purse for that."
Melbourne's two metropolitan cemetery trusts are non-profit groups that run more than 20 cemeteries in Victoria. The prices are regulated by the Department of Health and Human Services.
Greater Metropolitan Cemeteries Trust chief executive Jacqui Briggs-Weatherill said cremations accounted for 57 per cent of services at the trust's cemeteries, which are in Melbourne's west and north.