Southeast Melbourne Costal Area,
25-40km from CBD
These suburbs strike the perfect balance of affordability, lifestyle, and growth potential. Known for their beachside charm and vibrant community feel, they offer a rare combination of value and appeal. With some homes still priced around $700k, they deliver decent rental yields—especially when compared to nearby suburbs where prices soar past $1 million.
North Melbourne, 10-25km from CBD
The suburbs in these areas provide investors a unique combination of affordability, strong rental yields, and infrastructure-driven growth. Backed by robust data metrics, these suburbs stand out as promising opportunities. In several of these suburbs, median house prices fall around $600k, offering an appealing average rental yield of 4.3%. Many properties feature older homes on generously sized blocks of land, some of which fall within development zones. This opens up potential for townhouse construction or subdivisions. These factors make the area an excellent choice for land banking and long-term capital growth.
West Melbourne, 10-15km from CBD
These areas offer an ideal blend of affordability and established infrastructure, making them a standout option for property investment. With a median house price in the high $600,000s—down from a peak of nearly $800,000 in 2021—the area offers an appealing entry point for buyers. Low vacancy rates, a strong rental demand, and a high proportion of owner-occupiers reflect the vibrancy and stability of this well-established community. Major infrastructure upgrades, such as the Metro Rail Link expansion and primary motorway improvements, enhance accessibility and signal promising future growth.
