What are the most affordable suburbs in Melbourne?
James Olson
Updated on February 16, 2026
What are the cheapest suburbs in Melbourne to rent a unit?
- Albion – $270 per week.
- Melton South – $290 per week.
- Dandenong – $320 per week.
- Hoppers Crossing – $320 per week.
- Kingsville – $320 per week.
- Werribee – $320 per week.
- Cranbourne – $325 per week.
- Frankston – $325 per week.
Correspondingly, what is the cheapest suburb in Melbourne?
| Melbourne's most affordable suburbs | ||
|---|---|---|
| Rank | Suburb | Median rent |
| 1 | West Footscray | $378 |
| 2 | Footscray | $398 |
| 3 | Brunswick West | $400 |
Furthermore, what are the best suburbs to buy in Melbourne? Introducing some of the best suburbs to invest in Melbourne:
- Mickleham. One of the fastest-growing suburbs in Melbourne, Mickleham lies 29km north of Melbourne's CBD.
- Pakenham.
- Point Cook.
- Werribee.
- Officer.
- Greenvale.
- Tarneit.
- St Helena.
Considering this, where are the cheapest houses in Melbourne?
Melton is the cheapest suburb in Melbourne with a median house price of $389,190 and tops the list as the most affordable suburb in Melbourne - with a median value less than $400,000, followed by Melton South ($404,812), Cobblebank ($434,888) and Kurunjang ($436,026).
What are the safest suburbs in Melbourne?
- Kallista: 1.53 incidents per 100 residents.
- Warrandyte: 1.74 incidents per 100 residents.
- Montmorency: 1.74 incidents per 100 residents.
- Donvale: 1.86 incidents per 100 residents.
- Sassafras: 1.88 incidents per 100 residents.
- Black Rock, Beaumaris: 1.94 incidents per 100 residents.
Related Question Answers
What are the most dangerous suburbs in Melbourne?
An analysis on the state's latest crime statistics, conducted by RACV, found Braybrook and Robinson in Melbourne's west top the list as the worst for home burglaries. Braybrook homes are more than twice as likely to be broken into as other suburbs.Where should I buy a house in Melbourne?
The Five Best Places to Buy Property in Melbourne- Box Hill. This suburb is popular among Chinese investors, as its annual growth rate of 10.9% and rental yield of 10.6% demonstrates.
- Frankston. This seaside suburb has enjoyed a massive turnaround in the last five years, in terms of both its reputation and its economy.
- Cranbourne.
- Botanic Ridge.
Is Melbourne dangerous?
Melbourne, as well as the whole of Australia, is generally a safe place to spend your holiday. The 80% rating proves that safety is at a high level and that tourists can enjoy their stay in this reasonably safe city. However, Melbourne, as any other big and populous city can be violent and have criminals.Where do most Indians live in Melbourne?
Melbourne's Indian belt stretches south-east from Noble Park to Cranbourne East. Yet, on the opposite side of the bay, Indian migrants have settled in Wyndham Vale, Werribee, Point Cook and Laverton. They have also settled in small pockets in Essendon, Epping, Heidelberg, Glenroy and Albion.What area has the cheapest houses?
Keeping reading to see a list of the top 10 cheapest states to buy a home right now.- West Virginia. Shutterstock.
- Arkansas. Shutterstock.
- Alabama. Shutterstock.
- Mississippi. Getty Images.
- Oklahoma. Shutterstock.
- Indiana. Shutterstock/Brad Whitsitt.
- Kentucky. Shutterstock.
- Ohio. Shutterstock. Median list price: $180,000.
Where are the cheapest houses in Victoria?
10 of the cheapest towns in Victoria to buy a house- Nhill.
- Dimboola.
- St Arnaud.
- Warracknabeal.
- Edenhope. Distance from Melbourne: 395 kilometres or 4½ hours drive.
- Mortlake. Distance from Melbourne: 220 kilometres or 2½ hours drive.
- Charlton. Distance from Melbourne: 250 kilometres or 3 hours drive.
- Wedderburn. Distance from Melbourne: 220 kilometres or 2½ hours drive.
Where is a good place to buy a house?
The best places to buy a home in 2019 aren't just the cheapest — Miami, Boston, Boise, and Phoenix will be some of the best housing markets for homebuyers, Realtor.com found.Where is the best place to buy property?
The 10 Best Places to Buy Rental Property in 2020- Oklahoma City, Oklahoma.
- Atlanta, Georgia.
- Cedar Rapids, Iowa.
- Indianapolis, Indiana.
- Jacksonville, Florida.
- North Charleston, South Carolina.
- Louisville, Kentucky.
- Dallas / Fort Worth, Texas.
How much does it cost to buy a house in Melbourne?
Prices range from about A$400,000 for a flat (apartment) close to the city, to $700,000 for a small terrace within about 6km of the city centre. Million plus for a decent detached house in the inner suburbs. Under $400,000 for a new house in an estate 40km out from the city centre.What is the average price of a house in Melbourne?
$834,000What is the cheapest suburb to buy in Melbourne?
| Melbourne's most affordable suburbs | ||
|---|---|---|
| Rank | Suburb | Median rent |
| 1 | West Footscray | $378 |
| 2 | Footscray | $398 |
| 3 | Brunswick West | $400 |
Where should I live in Melbourne?
The best culture is Carlton, North Carlton (less), Fitzroy, North Fitzroy (less), North Melbourne (emerging), Collingwood (emerging.) West is too industrial. Docklands is a windswept wasteland. East is okay, but not as good as North.Is Craigieburn a good investment?
If you are looking for an investment property, consider houses in Craigieburn rent out for $400 PW with an annual rental yield of 3.9% and units rent for $350 PW with a rental yield of 4.9%. Based on five years of sales, Craigieburn has seen a compound growth rate of 8.0% for houses and 2.0% for units.How do I buy an apartment in Melbourne?
The truth is buying an apartment in Melbourne isn't a bad idea, as long as you take care to buy well.- Look for smaller apartment developments. Generally speaking, the fewer apartments there are in a development the better.
- Think carefully about the location.
- Prioritise efficient design and daylight.
- Consider the future.
Is Cranbourne a good investment?
Investing in Cranbourne, Melbourne It has a large commercial centre, a top rated Golf Club, lots of nature reserves, good schools and is well-connected with public transport. The median house sales price has increased by 79.3% since five years ago and the annual growth shows a healthy rate of 12.4%.How do I invest in Melbourne?
Here are 5 tips for investing in Melbourne:- Have a time frame and plan in place.
- Look for value.
- Consider buying an apartment instead of a house.
- Thoroughly research the area you plan on buying in.
- Go where the people are.
Is it a good time to invest in property in Australia?
IS NOW ACTUALLY A GOOD TIME TO BUY? With property prices and competition falling away, the short answer is yes — if you're one of the lucky ones who remains financially secure. But the gains were curbed to just 0.4 per cent in March, and price falls are inevitable in the months to come. Video Player is loading.What are the nicest suburbs in Melbourne?
The Best Suburbs to Live in Melbourne in 2020- South Yarra. South Yarra is among the most liveable suburbs in Melbourne.
- St Kilda.
- Carlton.
- Brunswick.
- Footscray.
- Fitzroy.
- Southbank.
- Richmond.
What is the safest suburb in Melbourne?
What are the safest suburbs in Melbourne?- The Patch: 1.03 incidents per 100 residents.
- Park Orchards: 1.33 incidents per 100 residents.
- Ferny Creek: 1.38 incidents per 100 residents.
- Selby: 1.47 incidents per 100 residents.
- Kallista: 1.53 incidents per 100 residents.
- Warrandyte: 1.74 incidents per 100 residents.
What is the most expensive suburb in Melbourne?
ToorakWhich are the safest suburbs in Melbourne?
What are the safest suburbs in Melbourne?- The Patch: 1.03 incidents per 100 residents.
- Park Orchards: 1.33 incidents per 100 residents.
- Ferny Creek: 1.38 incidents per 100 residents.
- Selby: 1.47 incidents per 100 residents.
- Kallista: 1.53 incidents per 100 residents.
- Warrandyte: 1.74 incidents per 100 residents.
Are apartments a good investment in Melbourne?
When it comes to any investment, quite often the major thing that determines its value is good old supply and demand – the same applies to apartments. Right now in Melbourne there's quite high supply in the macro sector of the marketplace, with new building approvals fairly consistent month on month at around 6,000.What is the fastest growing suburb in Australia?
- Geelong, VIC. For years, Illawarra was the country's fastest growing regional area, but CoreLogic's newest Regional Market Activity report shows that Geelong took the crown during 2017.
- Newcastle and Lake Macquarie, NSW.
- The Gold Coast and Sunshine Coast, QLD.
- Coober Pedy, SA.
- Narrogin, WA.
- Launceston, TAS.
Is it a good time to buy property 2019 Melbourne?
2018 was an interesting year in the property market with the peak and decline of Sydney and Melbourne while Brisbane continued to grow. 2019 is an exciting year to be buying property if you have solid fundamentals, or a very dangerous year to buy if you don't know what you're doing.What is a good rental yield in Melbourne?
Victoria's highest rental yields| Suburb | Dwelling Type | Gross Rental Yield |
|---|---|---|
| MELBOURNE | 1-bedroom unit | 6.7% |
| MOE | 3-bedroom House | 6.6% |
| STAWELL | 3-bedroom House | 6.4% |
| SOUTHBANK | 1-bedroom unit | 6.2% |
Is Mount Waverley a good suburb?
Mount Waverley is a great suburb with some minor issues that large number of suburbs in the country has to deal with. Yet it is a wonderful one getting ready for its next phase of life. The suburb is quite,leafy and have great amenities. all big and must things are not too close but not far either.Where should I not live in Melbourne?
Avoid: Narre Warren, Dandenong, Cranbourne, Frankston (rated highly) , Sunshine, Craigieburn, Noble Park, Doveton, Carrum Downs, Footscray, Sunbury, Tullamarine, St Albans, Epping, Yarra Glen. Main reasons given were: Drugs, Gangs, Violence, Seedy, Crime, Hoons, Bogans, Dull, Boring , Dirty, Alcohol Problems.Where is the cheapest rent in Melbourne?
Melbourne's cheapest rental suburbs within 15km of the CBD- West Footscray.
- St Albans.
- Hadfield. Median weekly asking rent: $280.
- South Kingsville. Median weekly asking rent: $280.
- Footscray. Median weekly asking rent: $290.
- Braybrook. Median weekly asking rent: $300.
- Coburg North. Median weekly asking rent: $300.
- Fairfield. Median weekly asking rent: $300 a week.
