Best Suburbs In Melbourne For Families – Looking to invest in property in Melbourne but don’t know where to start? The South East city has many premium locations, so what are the best suburbs to invest in Melbourne?
In 2020 and 2021, Melbourne was one of Australia’s worst-hit cities during the prolonged lockdown. With the devastating pandemic, the real estate market entered a downward spiral. Some of Melbourne’s cheapest homes for sale have fallen further.
Best Suburbs In Melbourne For Families
However, house prices in Melbourne recovered towards the end of last year. Overall price growth for their homes rose to 18% last September compared to 2021 opening prices.
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The recovery is still underway and you can take advantage of the boom as Melbourne begins to reshape itself.
Based on features like landmarks and proximity, you’ll want to find properties that easily attract buyers while providing a good return on investment.
If you’re wondering which suburb in Melbourne is the best to invest in, Caulfield should be on your list.
The transport system is supported by the convenience of well-served tram and bus routes and nearby rail lines in Cranbourne, Frankston, Pakenham and Sandringham.
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With a population of around 6,000 professionals, families and students thanks to the Monash University campus, your property will be off the market quickly.
This place is the hub of couples in Melbourne! Many established families cite Bentleigh as one of Melbourne’s best investment suburbs for homes under $500,000.
Getting from one place to another is hassle-free thanks to train and bus services; what else could a family need?
The median home purchase price in Bentleigh is $1,725,500 with an annual price change of 13.67%.
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Named after the English seaside resort, Brighton is located in Bayside, Australia, a stone’s throw from the Central Business District.
The suburb has some of the best homes with an incredible median price of $3 million and an annual price change of 11.95%. These numbers easily make it one of Melbourne’s best suburbs for investment.
What else is there? There are many mini buildings available in Brighton. This type is highly sought after by downsizers and provides a quick sale opportunity for investors looking for a profitable investment.
From shopping complexes and excellent schools to restaurants, beaches and cafes, all the necessities for work and play are available.
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With three train stations you can go almost anywhere in Brighton and beyond.
Home of the group rotunda family beach, Sandringham is one of Melbourne’s best investment towns at attractive prices.
The suburb is rich in schools, sports and social life. These features make Sandringham an ideal location for investors and families looking to live in a peaceful environment.
Overlooking the hills is a family-oriented community. The environment is built around The Union Road shopping village, where families can enjoy a cup of coffee in cafes and department stores.
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For entertainment and relaxation, residents can watch various teams play at the Canterbury Sports Ground, the home stadium of the Canterbury Cobras. If it’s a sunny day, a picnic can be had; The Surrey Hills have two parks and gardens for being outside.
An affluent suburb like the Surrey Hills comes at a big price. The median home price is $2,302,000 and is rising 21.81% annually.
Investors can get into old villas in the Surrey Hills. With a good renovation, it is possible to get an enviable income from such properties.
With its town hall, Box Hill gives potential buyers an idea of what to expect from its architecture. In addition to the view, the town hall also has an Art Space where art lovers go to feed their eyes.
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Box Hill is also home to a massive Chinese community and has the second tallest high-rise buildings in the CBD.
These two functions are related in one way: business. The rest are explained by the intersections of bus lanes, a railway station and several shopping complexes.
As there are many Asians in the area, international buyers are flocking to the property to settle down and are getting good deals.
Beaumaris, famous for its cliff on the coast, has a high demand for housing with an equally high median price: an average purchase price of $2.14 million and an average annual price increase of 26.1%.
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In fact, the variety of architectural styles used in Beaumaris makes it one of the best suburbs to invest in Melbourne.
To this day, you can still see Victorian houses with manicured gardens in this affluent area – a wonderful setting for retirees and growing families.
The transport system operates with bus lines connected to railway lines, and the area is rich in schools and sports.
This beachside neighborhood spares almost no expense in promoting a laid-back lifestyle. Whether single or married, employees and their children have a place at Mordialloc.
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In addition to the waters, there are reserves and parks. The beach is also full of commercial activity with 24-hour cafes, restaurants and shops.
Getting around is seamless as there are easy car and train journeys from Mordialloc that take you over 24km to the central business district.
Mordialloc provides good tourist services like renting apartments like AirBnB for vacationers. Homes sell for an average price of $1.3 million, and prices can increase by 28.6% in a year.
You can widen your search to see what these outer suburbs are like by looking at the cheapest homes in Victoria. Affordable suburbs are often booming suburbs and can provide opportunities for capital growth.
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Our artificial intelligence creates a personalized list of real estate matches to sort through over 100,000 available listings. Have you outgrown or are you unhappy with your current residence? Moving to a new city or suburb may be the solution, but there are several factors to consider before making the decision. This includes your current job, academic preferences (if you are a student), lifestyle, shopping and entertainment preferences, and access to public transportation.
If you haven’t heard, Melbourne’s eastern suburbs are one of the best places to call home. Below is a list of suburbs you may want to consider:
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While other parts of the city are becoming more popular, Hawthorne remains a sought-after destination for young professionals, families, retirees and everyone in between. The area is praised for the wonderful suburban lifestyle it offers its residents. With easy access to Monash and Eastern motorways and numerous tram and train lines, commuting is a breeze.
In the heart of Hawthorn you will find Glenferrie Road. Glenferrie Road is lined with designer shops, restaurants and boutiques. The street is a hub of activity during the day and becomes a popular meeting place for students, families and couples at night. The suburb is also home to prestigious institutions such as Scotch College, Swinburne University and the University of Melbourne’s Hawthorn Campus.
Outdoor activities like jogging on nearby trails and swimming at the Hawthorn Aquatic and Recreation Center will ensure your weekends are filled with physical activity and fun.
Just 40 minutes from the Melbourne CBD, you’ll find Bayswater, a neighborhood with a lot to offer. Despite its proximity to the more popular Ringwood, Bayswater provides a quieter atmosphere.
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This suburb has everything you could want, including highly rated dining options. In addition, trains and buses service the Bayswater area, making it convenient for commuters to and from Melbourne.
The Dandenong Creek Trail that runs through the neighborhood and Marie Wallace Bayswater Park, a popular picnic spot for families, are just some of the nearby natural attractions. If you’re interested in the demographics of this suburb, you can check them out here.
Ringwood is becoming a regional center in the east. Ringwood is easy to reach via Eastlink and other public transport options, including the Smart Bus from Frankston to Melbourne Airport.
The recent expansion of Eastland Mall has allowed more people to find work and has created more shopping opportunities for people in the area. Residents also like the Town Square, which offers a variety of restaurants, outdoor dining and social space.
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The area has a lot of greenery and desert. There are plenty of green spaces in Ringwood and the surrounding area, including Ringwood Lake.
Those considering a move to Ringwood or the surrounding area will find plenty of accommodation options. There are spacious homes for families to choose from and the blocks are large enough for youngsters to play cricket.
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