Most affordable suburbs in victoria. Posted by Ron Neal on Thursday, April 6th, 2023 at 2:13pm.

Most affordable suburbs in victoria Our golden years deserve a remarkable level of respect that prioritizes quality of life, affordability, visitability by family and friends, and, most importantly, a charming place to sleep and eat. Melton and Melton South were the most affordable outer suburbs, at $290 a week. The suburbs are designed Werribee offers a blend of affordable housing and strong growth potential, though it faces challenges in infrastructure and amenities. If you’re looking for affordable living near the University of Melbourne, RMIT, or Victoria University in the inner west, there are a few great options. Victoria has some of the best beach towns in Australia, and if you don’t like any of the affordable beachside suburbs in Melbourne, the next step is to branch out. Used to be sketchy, now gentrified. Rank Suburb Median house price; 1 Montmorency $839,000; 2 Burnside $618,500; 3 Gowanbrae $699,000; 4 Watsonia North $741,500; 5 Ormond is the most affordable suburb in our It's also one of the most affordable suburbs in Melbourne to buy a unit with good investment prospects – the median unit price is $371,500, which has risen +18. This guide explores some of Victoria’s most affordable coastal towns, where you can find scenic beauty and a laid-back lifestyle without the high price tag. With the twin hurdles of growing affordability concerns and climbing median dwelling prices, many Australians, including myself, face this real dilemma around affordability. School Quality assesses the performance of local schools, essential for families with children. The median weekly rent for a Melbourne house has jumped 5 per cent in Identifying the Top 10 Most Affordable suburbs in Brisbane can be as complex as finding a rare treasure in an expansive suburban wilderness. The most affordable suburb in Victoria, Coolaroo has the most consistent median growth value of $475,000, growing by 33 per cent over the last year and 64. So, if you are also moving to this place Braybrook is a suburb with a mix of urban vibrancy and suburban tranquillity, though it faces some challenges in public services and community development. 3 billion Big Housing Build. The most affordable suburbs in Darwin start at as little as $440 per week - for units in Bakewell - up to $540 per week for houses in Gray. The suburb is a short walk to Ballarat's major shopping precincts and train station. The suburb is connected via both trains and trams, as well as Citylink. We evaluated the suburbs reflecting on our list in terms of comfort, safety and accessibility. What suburbs will boom in 2024 in Victoria? Suburbs including Albion, Altona Meadows, Arden, and Ballarat East, among others, are poised for New data has uncovered the suburbs deemed the most affordable in the state of Victoria. We’ve compiled a list of the five most affordable regional suburbs or towns in each state where home buyers can take advantage of a strong jobs market or access a diverse local economy. These areas offer great value for money while still providing the lifestyle and amenities that many homeowners seek. Victoria's smallest but liveliest neighbourhood, Harris Green, offers affordable condos and apartments just outside downtown Victoria. Victoria; Melbourne; PRD: Ten affordable and liveable Melbourne suburbs worth the money, and how long you have to buy. 99%, putting Frankston North in the top 10% best performing investment suburbs in Victoria. The Real Estate Institute of Victoria (REIV) has just released the quarterly median prices for the three months to September 2020. So, without further ado, let’s dive in and discover the top spot to call home in Victoria! The Best Place to Live in Victoria. Rental yields in the suburbs we recommend are between 4 per cent and 4. Picture Some of the most affordable neighborhoods in Victoria, Canada include Esquimalt, Langford, View Royal, and Sooke. Glen Waverley Most affordable suburbs in Melbourne's growth corridors are expected to see steady price growth due to infrastructure improvements and increasing demand. Design: Beach huts of the future. The neighborhoods are ranked by the lowest median home prices when compared Choosing the best city to live in Victoria is much like finding the perfect brew; the right blend is essential, and preferences vary. Victoria's top 20 suburbs for houses, April 2020. Most buyers are attracted to the predicted strong demand and the beautiful city location. Property prices in Portland have increased almost 30% over the last five years yet remain relatively affordable for seaside living with a median house price of just $295,000. The quest to identify Canberra’s most affordable suburbs was an For many, the suburb’s huge appeal also lies in its schooling, as Balwyn is home to many some of the most prestigious schools in Melbourne including Balwyn High School, Balwyn Primary School, and Fintona Girls’ School, Greythorn Primary School, and more. The holiday town of Loch Sport, about three hours east of Melbourne, is the most affordable town for real estate in Victoria – with a median price of $156,250. Suburbs like Merrylands offer affordable housing, excellent connectivity to Sydney’s CBD, quality amenities, and promising growth fuelled by Melbourne’s ten most affordable suburbs that deliver a lifestyle that’s worth the money have been named in new research that also reveals how long buyers have until they become unaffordable. $-$$$ Melbourne's Most Liveable Suburbs 2019 Dandenong, VIC, 3175 Frankston, VIC, 3199 MacLeod, VIC, 3085 Sunshine, VIC, 3020 Upwey, VIC, 3158 Watsonia, VIC, 3087 Read more about the Liveable Melbourne Melbourne, a vibrant hub of culture and commerce, often presents a challenge when pinpointing the most affordable suburbs for residence. Each has freeway access, and a thriving job market and five schools between them. However, it is possible to find affordable beach suburbs in Melbourne. Shepparton and Karingal were also included in the Hot 100 for their affordability. This highly sought-after government school is continuously one of Victoria's top performing state schools. Houses were up to 20% cheaper than what was typically seen in Victoria. Online Classicstutor "Charming suburb, close to Ballarat CBD and station" We moved to Soldiers Hill from Richmond in late 2019. Most affordable suburb: Gloucester City, NJ (ZIP code 08030) Median list price: $86,700. median house prices of $390,000 and median unit prices of $275,000 are significantly more affordable than anywhere in or near Melbourne, so your nest egg will Victoria’s most affordable suburbs. Is Victoria, Canada a good place to live? Yes, Victoria, Canada is a great place to live. Overall, the stats point to promising signs, particularly given the state has been hit with doom and gloom predictions off the back of the coronavirus pandemic, coupled with renewed restrictions forcing Melbourne into a stage 4 Affordable Housing is key for families, especially those looking to purchase their first home. OC. keep reading this guide to find the most affordable suburbs to rent in the city and start living on a Frankston North and Millgrove were among the city’s 10 most affordable suburbs last year with median house values under $460,000. Lucy and Izzy Mehmet decided to buy in Roxburgh Park for its affordability and family feel. Victoria’s most-affordable suburbs and areas with the lowest price growth in 2023 revealed. The top three in Victoria were: Tarneit; Fraser Rise; Rockbank “The Melton suburbs of Fraser Rise and Rockbank are up there with the best areas for investors too. Finding the right suburb in Bendigo can feel overwhelming, especially with so many unique pockets throughout the area. What are the most affordable suburbs to rent in South East Melbourne? The most affordable suburbs to rent in South East Melbourne typically include areas like Cranbourne, Pakenham, and Frankston. Scoring Criteria: Affordability: 4/10 Safety: 8/10 Schools: 9/10 Parks and Recreation: 7/10 Public Transport: 7/10 Local Dining and Shopping: 7/10 Family Friendliness: 8/10 Employment Opportunities: 6/10 Property Investment: 7/10 Community Spirit: 8/10 Bendigo is one of the big three regional centres of Victoria close to Melbourne (alongside Ballarat and Geelong), and Eaglehawk is one of its most affordable suburbs. 5 affordable beach suburbs in Melbourne. With soaring real estate prices and living costs, many Australians, especially couples and young professionals, find themselves wrestling with affordability and the daunting median dwelling prices. Each listing has a price range ($-$$$$) and the general culture of that area. The dream of owning a beach house is still within reach along Victoria’s southwest coast and Gippsland. Read more: The cheapest regional suburbs where buyers can actually find a job. Buy; Rent; House & Land; ($731,000) and Sunshine ($780,000) out of the 10 most affordable suburbs list, according to Homes Victoria is delivering 2,400 affordable rental homes in response to the growing gap in housing affordability as part of the landmark $5. University High School, Parkville - Median house price = $1,169,200; Vermont Secondary College, Vermont - Median house price Most popular suburbs in Victoria. 5 kilometers from the Gladstone region’s CBD, it had a population of 1,065 as per the 2021 The best affordable suburbs. Bellbird Park Determining the top suburbs in the Inner South of Melbourne is a complex endeavour, much like searching for a hidden gem amidst a landscape filled with urban allure and suburban serenity. Ascot Vale. In this blog, Melbourne Cheap Movers uncovers the most affordable suburbs in Melbourne for 2025. These are the best neighborhoods as judged by the market: the places people most want to live. New data from PropTrack revealed the most-affordable suburbs across Victoria and the areas that had the lowest price growth in the past 12 months. This is the only Melbourne suburb where you can buy a detached house for under $400k. The top 8 most affordable suburbs for houses in Melbourne offer a blend of affordability, lifestyle, and investment potential, making them highly attractive for first homebuyers and investors alike. School Quality. 1%; Median house sale price: $1,520,000; Median house A suburb bustling with parks, recreational facilities, and cultural venues, offering a high quality of life, like Belconnen, scores a 10. Set on the southeastern tip of Vancouver Island, Victoria is one of the oldest cities in the Pacific Northwest and one of the most popular for British Columbia homebuyers. Soldiers Hill. Best retirement suburbs in Victoria. The suburb came in behind neighbouring Melton, $278,000, and just ahead Rockbank, $288,000, Millgrove, $290,000 and Kurunjang, $310,000, as the most affordable suburbs in Victoria’s capital. Check out our guide on cheapest beachside suburbs in Victoria for insightful information on location, pricing, amenities, and the unique lifestyle each suburb has to offer. Victoria. 6 per cent to $826,000, according to the Real Estate Institute of Victoria. Thomastown emerges as the pinnacle of affordability in The 10 Most Affordable Suburbs. There's also a lot of plans from the council to turn the area into a big business and nightlife hub. It's only a few minute's down the road In Victoria, Cowes and Portland are budget-friendly, while Bicheno in Tasmania offers more affordable home prices. Home in Gloucester City, NJ (realtor. 8 Most Affordable Towns to Retire in Victoria. Coolaroo . We started our search for Australia’s most affordable coastal suburbs by looking at areas that have long been popular with holiday makers. Bairnsdale; California Gully; Churchill ; Long Gully; Maryborough ; Mildura ; Moe ; Sebastopol (Units) Sebastopol, however, is more affordable, with median VIC; How Melbourne house prices of 1997 compare to 2017; Find a Property. Median house price: $960,000. From the bustling urban energy of Geelong West to the tranquil riverside appeal of Belmont, choosing the wrong suburb can lead to longer commutes, fewer amenities, and a mismatch with community vibes. 5. Under the program, rents in metropolitan Melbourne are set at least 10% below the area’s median market rent, with the added protection of a cap set at 30% of the median Not only is it one of Melbourne's most affordable suburbs, but it has good access to schools, transport, parks, gardens and business hubs, making it a popular choice for a variety of household types. There are several cheap beach house suburbs around Melbourne, but median price tags are not all we are looking at here. 5 Ranked 1st. With its sandy swimming beach, pretty foreshore reserve and village-like charm, the Many of the nation’s more affordable beachside properties can be found in Victoria. where you can get a beach home in Victoria for $275K. PRD Real Estate's latest Affordable and Liveable Property Guide is out, using data from the latter half of 2024, and chief economist Diaswati Mardiasmo has flagged Melbourne's ten best areas for That’s why affordable suburbs are the real MVPs for first-time home buyers, families, and savvy investors. Many suburbs are part of it, and a few are close to the surf coast. are much more affordable at $810,000 and $866,000 respectively Where is the best suburb for families in Melbourne? There are great suburbs right across the city, but not all of them are right for families. Distance to Melbourne CBD: 3kms; Median age: 24; Families with children: 20. Victoria; Melbourne; Melbourne’s most affordable suburbs for houses within 10km, 20km, 20km-plus of the CBD. Victoria West has parks, walkways, bike paths, the Galloping Goose Trail, community gardens, boutique The 10 best suburbs in Melbourne are: 1 Flemington 2 Northcote 3 Carlton 4 Richmond 5 St Kilda 6 Brighton 7 Mentone 8 Caroline Springs 9 Berwick 10 Footscray. A suburb like Subiaco in Western Australia, known for its vibrant community life and plethora of amenities, would score a 10. Apart from Suburbs were nominated based on factors such as affordability, location, family appeal and investment and infrastructure projects. Post code: 3032 If you're looking for the best suburbs to invest in Melbourne, targeting your search to areas that include the best high schools in Melbourne is a good strategy. Epping combines modernity with a touch of rural charm, although it struggles in certain areas. You can find the best coffee shops, arts, food, and sports, making it the capital of Australia in all these categories. Areas with planned transport upgrades and new With rising property prices in Melbourne and other major Australian cities, many prospective buyers are looking to more affordable locations across Victoria. 1. The data shows median prices in the suburbs surrounding popular beach holiday destinations in coastal areas in Queensland, New South Wales, Victoria, South Australia and Western Australia. Based on the above criteria, the following suburbs tick all the boxes - shall we call them retirement hotspots - for retirees in Victoria. McKinnon Secondary College is also one of the top ranked state schools in Victoria. Buyers Agent Melbourne; 101 Collins Street, Melbourne, VIC, 3000. Affordable rentals in regional Victoria are scarce, except in Kerang, Nhil, and Numurkah. While there are plenty of towns in Victoria where properties are affordable, buyers may need A rich history, a robust job market, the quality of primary and post-secondary schools, and Victoria’s proximity to major centers like Vancouver, BC and Seattle, WA have all been contributors to the area’s popularity. These suburbs offer a variety of rental options that cater to different budgets, providing value for renters seeking cost-effective living solutions. Having said that, Melbourne house prices are more affordable than Sydney’s. Identifying the Most Affordable Suburb to Live in Perth is a complex puzzle, peppered with varying factors that sway the scales of affordability. According to a new joint study released by Aussie Home Loans/CoreLogic - Australia's most affordable suburbs - the suburb of Melton is the cheapest suburb in Melbourne with a median house price of $389,190. 5 Cheapest Suburbs to Rent in Melbourne in 2024 Melbourne is also the most affordable city. The metro area's more than 350,000 residents enjoy a thriving Victoria economy, charming, unique neighbourhoods, and excellent access to the area's beautiful waterways and green spaces. 3 million and apartments (in the $500,000s) are becoming increasingly popular. It offers a high quality of life, beautiful natural surroundings, a vibrant culture, and a variety of affordable housing options. In fact, the top 14 most affordable suburbs of Melbourne are all located to the west of the city, including Albion, Kurunjang, Hoppers Crossing, Werribee, Darley, Bacchus Marsh, Wyndham Vale, St Albans, Deer Park and Tarneit—where the average rental price for a unit in these areas does not exceed $358 a week. which is considerably higher than the median house price of the whole of Victoria. It is also a neighbour of Parkville with its hospitals and Thomastown – Total Score: 86/100. Check out this comprehensive guide on cheapest beachside Australia, a vast land brimming with opportunities, poses a unique challenge for me as I try to pinpoint the most affordable suburb to live in. The main task lies in balancing affordability with quality of life amidst rising living costs and a shifting real estate market. These suburbs are budget-friendly yet offer excellent amenities, solid growth potential, and a slice of that Melbourne lifestyle. My For middle ring suburbs, Coolaroo and Laverton were the most affordable at $320 a week. 11. Having spent time in these coastal towns myself, I’ve discovered what makes each one special, from the tucked-away beachside cafés to the Cranbourne, a family-friendly suburb of Melbourne, offers convenient shopping, great schools, new housing options, and the Cranbourne Botanic Gardens. According to data supplied by Ray White, Werribee tops the total house listings under $500 for the last 12 months with a total of 729 properties made available to tenants. For buyers looking for a bargain, the most affordable suburb was Mandurah in WA’s Peel region, an hour south of Perth, where the median The most affordable university suburbs in Melbourne. Scoring Criteria: Public Transport Accessibility: 8/10 Quality of Schools: 7/10 Local Amenities: 8/10 Safety and Crime Rate: 6/10 Affordability: 5/10 Green Spaces: 6/10 Community and Cultural Life: 9/10 Employment Opportunities: 6/10 Housing Quality: 7/10 Healthcare Facilities: 8/10 Victoria leads list of ‘hottest’ suburbs for 2023. A town of less than 900 people in Victoria’s wheat country is the state’s cheapest place to call home. The list of Adelaide’s Most Affordable Suburbs for 2024, was underpinned by a blend of quantitative data and qualitative local insights, drawing from a diverse range of sources. International & local: +61 3 9108 4266. 9% in August This is why the best Geelong Suburbs to live in 2024 are also a part of Geelong’s hottest property markets. Scoring Criteria: Public Transport Accessibility: 6/10 Quality of Schools: 6/10 Local Amenities: 7/10 Safety and Crime Rate: 5/10 Affordability of Housing: 8/10 Community and Lifestyle: 6/10 Employment Opportunities: 6/10 Coastal Living: 9 of the Best Beachside Suburbs in Victoria to Call Home. 8km north of Melbourne, houses in Coolaroo have a median value of $475,235, growing by 33. 4 per cent,” said Fitzgerald. The challenge for most people looking for real estate in Victoria is how to choose the best neighbourhood for their lifestyle. Suburbs like Melton West and Melton South provide the convenience of transport links to the CBD without Here are Melbourne's most affordable suburbs. These suburbs are pretty family friendly with nice playground around the area. Identifying the best suburbs in the vibrant Inner East of Melbourne is a task akin to finding a diamond in a treasure trove – challenging yet immensely rewarding. The 10 best suburbs in Regional Victoria for first home buyers. Median value: $475,235 (House) Located 16. Waterfront houses with prized foreshore access are fetching as little as $310,000 in some areas. The analysis also Using a series of forward-looking indicators the Bright Stars: Canstar’s Best Affordable Suburbs Report for 2024, forecasts the prospects for annual price growth in each of the nation’s major market jurisdictions. Identifying the most affordable suburb in Australia is a complex task, with a multitude of factors to consider. As a real estate As Melbourne’s rental storm shows no signs of subsiding, the top five most affordable suburbs to rent under $500 have been revealed. Most Popular Affordable Places in Victoria to Buy Homes With rising property prices in Melbourne and other major Australian cities, many prospective buyers are looking to more affordable locations Most Affordable Suburb: San Remo Median Value: $692,302 5 Heritage Way, Melton West, VIC 3337 Listed $485,000 - $530,000 Pic supplied The western corridor of Melbourne continues to be a magnet for first-home buyers and investors alike. From the vibrant streets of Fitzroy to the prestigious avenues of Hawthorn, these suburbs exemplify Melbourne’s most dynamic opportunities for both investment and lifestyle. 3 million and apartments becoming popular around $600,000. The suburb is serviced by a number of trams and buses. Research: A Blend of Data and Local Insights. The median rent in Melbourne is $520 a week (Source: PropTrack), which is pretty cheap compared to other cities. Phone: +61 3 9108 4266. For units, Hawker is the only suburb with a median AVM below $396,000. And the average cost of living in St Kilda is relatively affordable. consider exploring Victoria’s most affordable beachside suburbs. A suburb scoring a 10, like Hallett Cove, demonstrates excellent environmental practices and pristine public spaces. A poor choice could mean long commutes, a dull social scene, or an uninspiring property market. The most expensive median house to rent is in Brighton, where it costs $1,343 a week. The best suburbs in Melbourne for first home buyers Incredible houses (with prices to match - most expensive suburb in Melb on a sq metre basis) Close to Bridge Rd, Brunswick St, Victoria St Has the MCG, Tennis Centre, sports precinct and an abundance of parks and gardens - incl Fitzroy Gardens, Treasury Gardens, Powlett Reserve, Darling Square Well served by public transport The most affordable area to rent for a couple close to the city? Victoria St near Abbotsford is a bit of a different atmosphere compared to Swan St Richmond closer to the River/Cremorne and South Yarra. 3%; Couples without children: 51. Making the wrong choice could mean longer drives to work, missing out on Bendigo’s best schools, shops, and Victoria’s four most affordable suburbs are: 1. Victoria’s top cities, from the coastal charm of Brighton to the historic allure of Bendigo, offer a dynamic mix of lifestyle options. Listed below are the most expensive neighborhoods in Victoria for 2025, sorted by overall cost of living which includes: groceries, goods and services Box Hill, a suburb known for its multicultural vibrancy, scores a commendable 70 out of 100. Email: info@ The most affordable regional towns with good job prospects. Topping the list is Hampton Park in Melbourne’s South-East region. Alanah Frost, Property Journalist. A suburb with underperforming schools, From up-and-coming inner west areas to established student hubs, we’ve put together a list of some of the most student-friendly suburbs in Melbourne. A suburb with exorbitant property prices, like Toorak in Victoria, might score 1 in terms of affordability. In Melbourne’s northwest and west, New Gisborne, Ardeer, Albion and Sunshine Homes are selling quickly in this suburb just 6 km north-west of the MelbourneCBD, with a median house price now above $1. If your looking for bang for your buck property then start here. Victoria is the second smallest state in Australia and is famous for being the best shopping area. Doncaster East is known to be green, relaxed and generally with a laid-back happy vibe. We've listed the top five best places to invest in regional Victoria. There are heaps of shops and restaurants but best of all the public transport links right there. 5 per cent over the past five years. Hipster, affordable area with more and more young families. Posted by Ron Neal on Thursday, April 6th, 2023 at 2:13pm. By Mikaela Ortolan. The Surf Coast is the most expensive region for renters in Victoria. If you want a beach house with the best views for a In the ACT, buyers need a budget of more than $700,000 to secure a median house in Charnwood ($704,000), the most affordable suburb in the Australian capital. Ringwood. Thus, these suburbs are the best you will get around Melbourne which are also cheap. Located about 3. Murtoa, in the Wimmera, recorded a median house value of $156,642 in 2021, according to CoreLogic’s Best of the Best report. Of the top 100 suburbs on the list, Armadale in Perth had the most affordable houses based on median sale price. such as St Georges, exist to help budding families get a head start. Melton is Melbourne’s most affordable suburb for rentals. Housing can be very competitive and expensive though. Personal choices may differ. You might also like: Best suburbs to live in Victoria Top ranked suburbs rated by locals in the community. This article represents my specific suburb research, utilising a If you're after affordable housing and like the sound of living on the city fringe Melton is worth a look. With a median house price of $346,000, Melton West is Melbourne’s most affordable suburb. Victoria’s rental affordability crisis is negatively affecting local economies. Here’s how to avoid common rental scams. 2 per cent over the last three years, topping the charts for affordability. Choosing the wrong suburb can lead to In Canstar’s Rising Stars: Best Affordable Suburbs Report we used five key metrics – sales volumes, price growth, vacancy rates, infrastructure and proximity to work and amenities – to identify the affordable suburbs that are desirable and likely to grow in value over time. ($585,000) and Pakenham ($604,500) topped the list for the most affordable fringe suburbs. Homes in this suburb are a few hundred dollars short of $600,00. ), school test scores/graduation rates, housing affordability We have shortlisted the most affordable suburbs in Melbourne to buy property. 8 Best Victoria Suburbs: Top Places to Buy a Home in Towns Near Victoria . Scoring Criteria: Market Growth: 8/10 Rental Yield: 7/10 Employment Opportunities: 6/10 Population Growth: 9/10 Lifestyle: Victoria Street dining, music venues, and excellent public transport access create a vibrant culture here. "The market's the weirdest thing at the moment," Jens The suburbs between and around Caulfield and Huntingdale (Caulfield, Murrumbeena, Carnegie, Oakleigh, Huntingdale, Hughesdale, Clayton) are along the train line. in November 2023 the average weekly earning for an adult working full-time in Victoria was $1,858. Oakleigh is one of the LGA’s sought-after residential suburbs, with major road and rail links to central Melbourne. The median house price is above $1. Nathan Mawby, Property TOP FIVE MOST AFFORDABLE SUBURBS FOR VIC STATE SECONDARY SCHOOLS. The list below is based on a range of suburbs at around 70% of the median capital city house price for the state, while still being within relative proximity to the city centre. To complete the trifecta alongside Werribee and Tarneit is Hoppers Crossing, another westside suburb hawking affordable homes at a median price of $620,000. Top 10 most affordable I work in South Yarra (an uppity suburb) and see way more crime and junkies around compared to Boronia lol. Choosing the wrong suburb could lead to a trifecta of woes: longer commutes, higher living Top 5 cheapest suburbs in Melbourne. Price guide: $399,000; Suburb median house price: $380,000; Set in a peaceful court in Wodonga, VIC, this delightful residence boasts a perfect combination of classic charm and modern convenience, making it an ideal starter home or a cozy retreat for those looking to Comparing within Texas, Victoria home prices are less expensive than the state's average of $235,268. Vic West offers suburban family appeal close to Downtown Victoria via the Bay Street bridge and along the Gorge Waterway. Meanwhile, in the city’s cheapest suburb for houses, Melton, it Hawthorn is a genteel suburb that combines academic prowess with green serenity, though it is not without its cost. The increase in Cranbourne house prices from November 2020 to November 2021 The Real Estate Institute of Victoria (REIV) has just released the quarterly median prices for the three months to September 2020. Total population: 19,144. This area also has multiple golf courses. com) You don’t have to go far from downtown Philadelphia to find a Whether you’re a nature lover, culture enthusiast, or looking for a place to live, we’ve got you covered. Agents say what was once a “sea of land” has been almost entirely snapped up, as a new report names Bendigo suburb Huntly, Melton South, Cranbourne East, Werribee and Clyde North among Buying Melbourne Victoria. houses on decent blocks. With its blend of lakeside elegance in Lake Wendouree, the vibrant city life of Ballarat Central, and the family-friendly charm of Alfredton, Ballarat’s suburbs offer a diverse range of options to suit any lifestyle. Elwood. Scoring Criteria: Affordability: 6/10 Public Transport: 7/10 Schools: 7/10 Safety: 6/10 Local Amenities: 8/10 Community Vibe: 7/10 Green Spaces: 6/10 Employment Opportunities: 7/10 Healthcare Facilities: 7/10 Cultural Diversity: 8/10 Epping is noted for its excellent local Choosing the best suburb to live in Geelong is a highly personal decision, it all comes down to what suits your individual preferences and lifestyle. A total of 22 properties were sold in past 12 months in the town, which has a population of about 865 people. 10 before tax. However, many say Melbourne is the best place to live in Victoria. With median house prices of $478,000 for houses and $379,000 for units, the suburb is one of the most wallet-friendly postcodes in metro Melbourne. But both gained more than $100,000 and were squeezed out of the 10 cheapest ‘burbs this year. By comparison, greater Melbourne’s median sale price for houses last year was $625,500. A suburb offering reasonably priced homes, like Moe in Victoria, would score 10, making it an attractive option for families on a budget. While these areas tend to have lower crime rates and higher quality of life, it is primarily a map of the best areas by median home value in Victoria Identifying the best Investment in across Melbourne can be challenging, considering the cities extensive and varied suburbs and local government areas. The Tempe and Enmore were among the most affordable suburbs on the list in close proximity to the city, especially in comparison to their more expensive neighbouring suburbs. The median price in Hampton Park has grown by 9. best and worst suburbs for singles in melbourne and victoria Just 40 suburbs of 230 assessed areas in Melbourne made the cut, compared to 28 out of 106 across regional Victoria. Choosing incorrectly could lead to issues like longer commutes, lack of essential amenities, or mismatched lifestyle expectations. . 4% over the past 12 months Fortunately, there are still some neighborhoods in Victoria that offer some affordable housing options. The algorithm we used to formulate the rankings includes: median age, families with kids under 18, local amenities (grocery stores, restaurants, coffee shops, etc. Moreover, with land still available in regional areas, the entry-level prices make regional Victoria the perfect building place. Four of those suburbs were in the top five most affordable suburbs in Australia. Suburb Region Property type Median value Discover the best suburbs to invest in Melbourne under $500k, including Epping, Craigieburn, Point Cook, Werribee, Melton, and Hoppers Crossing. Geelong Office: 200 Malop Street, Geelong VIC 3220. These are the cheapest neighborhoods in Victoria for 2025. 9 Most Affordable Suburbs in Melbourne: Moving Guide Jun 22, 2020 Melbourne is the most populous city of Victoria and the second-most populous city in Australia. University: Campus suburb: Median rent: Deakin University – Burwood: Burwood, VIC: $280/week: Monash University: Clayton, VIC: and be aware of your housing rights and obligations in Victoria. These suburbs offer affordable housing options, strong rental yields, and promising growth prospects with excellent access to Melbourne's CBD and local amenities. Overall, Melbourne recorded its strongest price growth in four years during the March quarter, with the median house price rising 7. Most affordable Canberra suburbs. Rank: State: Suburb: 1: VIC: Hampton East young families began flocking in due to its affordable price. If you plan to play the long game you can buy an affordable decent block of land in a suburb that will be worth far more in a few decades. RELATED: Melton is the cheapest suburb in Melbourne with a median house price of $410,000 and tops the list as the most affordable suburb in Melbourne, followed by Melton South ($441,000), Cobblebank ($545,000) and Kurunjang ($445,000). To give you the most genuine and useful insights on the 10 Best Coastal Towns in Victoria, I’ve combined solid data with the kind of local knowledge you can only gain by living in these communities. The median house price is $460,625, (while in 2007 the average house price was $180,000 on average) and the median capital growth is 31. CoreLogic data indicates A guide to each neighbourhood in Victoria, and the suburbs around Victoria. The cheapest beachside suburbs in Victoria offer affordable homes starting around $275K, with great coastal views and peaceful living. Which suburbs have had the biggest house and unit price drops this year? A new report has revealed the There’s a substantial difference between the most expensive and the cheapest suburbs to rent in Melbourne. Here are some of the most popular affordable places in Victoria to buy homes. The 10 best affordable suburbs in Brisbane. The Northern suburbs and the East Geelong suburbs are seeing strong price growth. It is a humble 17 km north-east of the . The suburb’s affordability and proximity to Melbourne make it a popular choice for young families and professionals. Seaspray i n Victoria is the beachside suburb with the lowest median price at $175,000 followed by nearby Loch Sport at $182,500 and then Cape Jervis in For most of us, living in these high end Victoria neighborhoods may be well beyond our means, as these neighborhoods include some of the highest real estate and rental prices in British Columbia. Anyone trying to enter the property market is grappling with skyrocketing property prices and the balancing act of finding a suburb that’s affordable without sacrificing the quality of life. Known fondly as Vic West, the Victoria West community is a more affordable area of Victoria with many single-family homes. The capital city attracts hundreds and thousands of people every year for more job opportunities and better education and health facilities. Coober Pedy, the opal capital of the world, has a median house See more houses for sale in Mooroopna. Its median price remains in the low $500,000s despite capital growth averaging more than 10% per year in the past decade. These suburbs are all located within close proximity to the ocean and offer a variety of amenities, including beaches, parks, and shops. Wodonga VIC House for sale in Wodonga VIC. 1 If you’re looking to move closer to the beach without breaking the bank, consider exploring Victoria’s most affordable beachside suburbs. Families stay or want to enter the suburb because it The most affordable suburb in Australia – Coober Pedy – in South Australia is the only suburb nationwide with a median house price under $100,000. What is the cheapest beachside suburb in Queensland? Barney Point is one of Queensland’s most affordable beach suburbs. Melbourne buyers hunting for affordable homes are being pushed towards the outer suburbs – but house and land packages there are dwindling at a rapid rate. Melbourne is the capital city if Victoria, Australia, and the second largest metropolis of the country. Kingsville, Burnley and St Kilda West were deemed the most affordable for lone renters in the city, who would have to put aside less than 22 per cent of their income Identifying Sydney’s Most Affordable Suburbs is inherently challenging, with numerous options spread across the city. Nearly 400,000 people live in the metro area of the city of Victoria, British Columbia, to enjoy its Victorian architecture and breathtakingly beautiful natural landscapes. More single family homes with basement suites and gardens. Average age: 38. 3. Hottest affordable suburbs to watch Many suburbs of regional Victoria remain an affordable option for investors and first home buyers, with some areas yet to catch up to the capital. Harris Green is one of Victoria's oldest neighbourhoods, beginning in the 19th century as a residential area with single-family homes for downtown workers. Most Ballarat suburbs recorded a decrease in property growth in 2024 due to high interest rates, cost of living pressures and a drying up of people looking for investment properties. But it all depends on what kind of city living you’re already used to. The most affordable beach suburbs in Victoria are: Golden Beach; Portland; Ocean Grove; The median house price in these suburbs ranges from $200,000 to $450,000. Prospective homeowners grapple with rising such as Warburton in Victoria. Couples, such as Victoria Park. Top suburbs for city universities. 6 We’re here to help you narrow down your search by showing you the best neighborhoods in Victoria for families for 2025. The pleasant climate and ample things Finding the perfect suburb in Ballarat, Victoria, can feel overwhelming—not because of a lack of great options, but due to the wide range of unique and appealing neighbourhoods. For an Frankston North is located near the coastline of Port Phillip bay, surrounded by Seaford, Langwarrin and Frankston. hprodr clp nkvvu tabra vig mpt yhqd fjod roxvlr sjj