A guide to Melbourne's Housing & Property Market
Our second edition of the People’s Choice of Housing for Melbourne has seen some surprising new entrants among our top suburbs. This happens when we introduce new factors – such as licensed venues and cafes – but also when median house prices come down a bit. Eastern, Western and Northern suburbs that previously caught our eye are now making their way in on the back of these changes. There are also some new suburbs for those looking at Units. Download today to find your new home!
Please note that page 4 of the report refers to our figures being based on a couple’s after tax income of $3,403. This should have referred to pre-tax income of $3,403. Don’t worry – it was only a change in the text, with nothing affecting our underlying analysis! Back to house-hunting!
While we try to break down areas of interest by suburb, many suburbs in the People’s Choice of Housing are clustered together because of their similar median house prices, distance from the city and other factors. So, if you’re driving around to get a feel for an area, here’s how you can spend your time more efficiently.
|Top 50 Suburbs|
As well as providing a list of suburbs in our People's Choice of Housing we also offer a range of Home Loan products to choose from.
Our People's Choice of Housing gives insight into the housing market, and if you want to buy your first home, we've got more information here.
Watsonia North has been identified as Melbourne’s most affordable and liveable suburb at October 2019 in the first Victorian edition of the People’s Choice of Housing.
Many of Melbourne’s most sought-after suburbs offer easy entry steps for those willing to consider buying a unit instead of a house, People’s Choice says.
The People’s Choice of Housing has – for the first time – analysed greater Melbourne’s housing market to uncover the city’s most affordable and liveable suburbs.
This report is published by Australian Central Credit Union Limited ABN 11 087 651 125 trading as People’s Choice Credit Union of 50 Flinders Street Adelaide SA 5000 (People’s Choice Credit Union). This report is solely for general information purposes and is not to be construed as advice or recommendations. This report has been prepared without taking into account the objectives, financial situation or needs of any person who may receive this report. We recommend that you seek your own independent legal, financial or other advice before making any decisions, including whether or not to purchase a property or obtain a loan. A number of assumptions and subjective judgements are made in preparing the report. Different assumptions and judgments could result in materially different results. People’s Choice Credit Union believes the information in this report is correct and any opinions or conclusions are reasonably held or made, based on the information available at the time of its compilation. This report contains, and is based on, material provided by third parties. While such material is published with the necessary permission, People’s Choice Credit Union accepts no responsibility for the accuracy or completeness of any such material. Although we have made every reasonable effort to ensure the information is free from error, People’s Choice Credit Union does not warrant the accuracy, adequacy or completeness of the information, or otherwise endorse it in any way. Except where contrary to law, People’s Choice Credit Union intends by this notice to exclude liability for the information in this report. The information in this report is subject to change without notice and People’s Choice Credit Union is under no obligation to update the information or correct any inaccuracy which may become apparent at a later date.
Questions about the construction, publication and use of this index should be directed to Public Affairs, Communications and Planning at [email protected].
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