Toggle Menu Header



Content Editor at, Sydney

Where first-home buyers should look this year in Melbourne

7Mo ago 0 Replies 142 Views
Melbourne suburbs where first-home buyers should look in 2020.
The only way is up for Melbourne real estate this year, according to property pundits. This is where experts say first-timers should look in the north, south, east and western suburbs this year.

So we asked experts and agents across the city for their tips on where to buy.

FIRST HOME: less than $750,000


Craigieburn: First-home buyers would find both houses ($540,000 median) and units ($379,900) achievable in this “growing suburb with reliable transport”.

Coburg North/Pascoe Vale: Access to Merri Creek, decent-sized blocks and an affordable $631,000 unit median ensured Coburg North’s appeal, Nelson Alexander Coburg partner Steven Shaw said. Pascoe Vale ($625,000) was also a good bet.

Donnybrook/Kalkallo: These fringe suburbs were well connected via the Hume Freeway and Donnybrook train station, and serviced by Epping Plaza and Craigieburn Central, KR Peters director Peter Nicolls said. Donnybrook is flush with new housing and land estates, while Kalkallo has a $580,000 house median.

Flemington/Kensington/Travancore: Easy access to the city, “plenty of shops, restaurants and cafes”, and Flemington Racecourse were among this trio’s selling points, Ms Calnan said. Their unit markets offered affordable medians ranging from $355,000 to $583,750.

Oak Park: Brad Teal Real Estate director Brad Teal said Oak Park ($612,000 unit median) offered “good land sizes, a bike track into the city, a good choice of primary schools, a train station and freeway access”. Units in boutique ‘70s and ‘80s blocks made ideal entry points.


Cranbourne West: This southeastern suburb had “access to several schools, Sandhurst Shopping Centre, and Merinda Park and Cranbourne train stations”, Ms Calnan said. The median house price is an affordable $565,000.

Clyde North: Mr Nicolls said “value for money” was at a premium in this suburb, with first-home buyers able to secure 460sq m house and land packages from $560,000. “With myriad amenities already nearby, easy access to major roadways and new schools and parks, this suburb will only continue to thrive,” he said.

Dandenong: “Great views, plenty of shops and two train lines” should put Dandenong on first-timers’ radars, according to Ms Calnan. It also offers affordable homes, at a $634,000 median for houses and $285,000 for units.

Frankston North: A more affordable option ($430,000 house median) than neighbouring Frankston, this suburb offers similar lifestyle perks. “It’s close to the sea and still close to the train line,” Ms Calnan said.

Windsor: First-home buyers who score units or apartments ($487,500 median) in this inner suburb will benefit from being close to the CBD.


Bayswater/Bayswater North: Affordable median unit prices of $650,000 and $514,995 respectively were on offer in these suburbs with a “plethora of shops and access to EastLink”, Ms Calnan said.

Boronia: Buyers can choose from a “mix of townhouses, apartments and established homes” in this outer suburb, according to Mr Nicolls. It had been boosted by the train station’s “major rejuvenation”, but homes remained affordable, with medians of $730,000 for houses and $591,000 for units.

Bulleen: Bordering prestige Balwyn North and Ivanhoe ensured Bulleen had stellar growth potential, Barry Plant Doncaster East’s Spiro Drossos said, but its unit market remained affordable ($550,000 median).

Hawthorn: This suburb oozed lifestyle perks, Ms Calnan said, being home to “many bars, restaurants, cafes and shops”. Its unit market is achievable for first timers, with a $600,000 median.

Yarra Junction: For those who don’t mind a longer commute, Yarra Junction is an “affordable country community with beautiful landscapes, 55km from the CBD”, according to Ms Calnan. A median-priced house will set you back $582,340.


Maribyrnong: Access to the Maribyrnong River, and an easy commute to the CBD, are highlights of this inner northwest postcode, according to Ms Calnan. A typical unit there costs $530,000.

Melton: This outer suburb’s $377,500 house median is among Melbourne’s cheapest. But Ms Calnan also highlighted Melton’s shopping centre, larger block sizes, and the fact it offered “a beautiful country lifestyle on its back step”.

Spotswood: The “first suburb off the ramp leaving the CBD on the West Gate Bridge” offered absolute convenience and a “mix of Edwardian and Californian bungalow homes,” Mr Teal said.

Werribee/Wyndham Vale: Affordability was No. 1 in these suburbs, Ms Calnan said, with a median-priced house worth $510,000 in Werribee and $472,000 in Wyndham Vale. Both are connected to Melbourne and Geelong via train.

West Footscray: The unit market offers a handy entry point, with a $533,750 median, while the suburb boasts “easy access to the city and a growing economic hub”, according to Ms Calnan. Neighbouring Footscray and Kingsville are also good bets.

Share on:
Tags: Melbourne

Top Contributors Last 30 days

1 InvestAus
2 Anuj
3 Anjali

Related Posts

VIC: Good property manager in Melbourne

Hi , Looking to rent out a unit in Windsor in Melbourne. Can anyone recommend a good Property Manager? Tenks!
3Mo ago 72 Views

VIC: Melbourne home buyers have a new priority of an extra room or study while buying a new property amid COVID-19

Melbourne home buyers have a new number one priority when searching for a property. The working from home trend amid the coronavirus pandemic means an extra room or study is now a top selling point. “We are seeing a lot of interest in people saying ‘I’m working from home,’ and needing to be able to set up their home office to take advantage of that,” Stephen Dullens from Ray White said. The problem for buyers is there are not enough properties on the market with the extra space. More details at: x The new priority for homebuyers amid the coronavir... Many Australian homebuyers have a new number one priority when searching for a property.
3Mo ago 167 Views

Melbourne: House price falls predicted due to COVID-19 could open the door for first-home buyers.

Home value falls of about 10 per cent have been predicted by a range of property experts. With a 10 per cent drop a typical house could also become about $65,000 cheaper in Gembrook, Gladstone Park, Gowanbrae, Keilor Downs, Seabrook and Sunshine North, and $64,000 cheaper in Caroline Springs, Derrimut, Hillside, Monbulk, Point Cook, Sunshine West and Wandin North. Property researchers NAB and Finder, as well as the Victorian Treasury, have forecast a typical Melbourne house would shed 9-10 per cent in value due to the pandemic. First-home buyers Jess Borg and Jordan Hochkins said government incentives helped them buy their first property in Lilydale earlier this year. “It’s a brand-new townhouse so we get the first-home owner grant,” Ms Borg said. Source: x The suburbs COVID-19 could return to first-home bu... First-home buyers could cash in on predictions Melbourne house prices will tumble, with research showing a 10 per cent fall would put 30 previously pricey suburbs back on their shopping list.
3Mo ago 183 Views

VIC: Melbourne’s home values have been hard hit by Coronavirus

Melbourne’s property values are worst hit by coronavirus in the country. A 0.9 per cent fall in house and unit values in May made the city the nation’s worst-performing capital for the second month in a row. It comes off the back of the city’s median home value hitting a record high just prior to the pandemic “I think the Melbourne market responding to greater exposure to drops in overseas migration, foreign student numbers and construction activity,” Mr Lawless said. “This is probably playing out in Melbourne more than any other city.” “In the next couple of months we’ll probably still see some further modest declines in housing values, but consumer sentiment is consistently improving,” Mr Lawless aid. Melbourne’s more affluent areas including the inner south and inner suburbs were the hardest hit in May, with 1.4 per cent and 1.3 per cent home value falls respectively. However they fell just 0.1 per cent in the outer west and 0.3 per cent on the city’s north west fringe last month. Get more details at: x Coronavirus: Melbourne suffers worst home value lo... Coronavirus has hit Melbourne home values harder than any other Australian capital city. But experts say the market has still fared better than expected and are second guessing dire forecasts.
3Mo ago 63 Views

VIC: Suggestions for good suburbs in Melbourne

Hi everyone My husband recently got job in Melbourne and he moved to city this Sunday. I am also planning to move to Melbourne asap. Can anyone please advise some good, affordable and safe suburbs. We both have no idea about Melbourne and really need some advice. My husband's office is in the CBD. Suburbs with good schools will be great as we have a school going child.  Thanks 
3Mo ago 74 Views

VIC: Melbourne’s auction market has gone digital amid the COVID-19 pandemic

1464 Melbourne auctions scheduled this week went ahead digitally. But Anywhere Auctions managing director Garry Giritharan expected bigger volumes of online-only auctions over the coming weeks. Anybody can watch live auctions via the Anywhere Auctions website and app by entering their name, email address and phone number to make a profile. On auction day, the participant watches a live stream of the auctioneer and types their offers in full dollar amounts (eg. $750,000) into the “place your bid” box. The auctioneer calls out the bid if it is accepted as the highest offer at the time. When the hammer comes down, the selling agent calls the winning bidder to instruct them on how to digitally sign the contract of sale. Get more details here:|slot_1
3Mo ago 70 Views
9 online
Pankaj Nagpal
Justprop Editor
Ankita Aggarwal
and more ...