Top 5 Suburb of Melbourne for Who First Time Buy the House
While Melbourne is still more affordable than Sydney, finding a house with affordable prices that is suitable for first-time buyers can be difficult. Here are some of our top picks for Melbourne suburbs, where you can still buy a house below the city's average price.
TOP SUBURBS OF MELBOURNE WITH HOUSE PRICE UNDER $900,000
|
SUBURB |
AVERAGE PRICE |
|
Maidstone, 3012 |
$875,000 |
|
Hadfield, 3046 |
$890,000 |
|
Lilydale, 3140 |
$837,000 |
|
Dandenong, 3175 |
$700,000 |
|
Caroline Springs, 3023 |
$730,000 |
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TOP 5 SUBURBS OF MELBOURNE FOR FIRST TIME HOUSE BUYER – APARTMENT
Apartments bring financial convenience to first-time buyers in Melbourne. However, the average price is still quite high. Here are some of our top picks for Melbourne suburbs, where you can buy apartments below the average price.
|
SUBURB |
AVERAGE PRICE |
|
Hoppers Crossing, 3029 |
$410,000 |
|
Brunswick East, 3057 |
$600,000 |
|
Bundoora, 3083 |
$355,000 |
|
St Kilda, 3182 |
$560,000 |
|
Ringwood, 3134 |
$548,000 |
Apartments bring financial convenience to first-time buyers in Melbourne. However, the average price is still quite high. Here are some of our top picks for Melbourne suburbs, where you can buy apartments below the average price.
MELBOURNE REAL ESTATE MARKET FORECAST 2023
After the property market boom in 2021. As average property prices skyrocket across Australia, a market adjustment is inevitable.
