The 16 Best Suburbs to Invest in Melbourne 2024

8 comments

Victor 2023-06-01 10:56:25

Not sure where you got this data from, but it is highly untrue

samuel 2023-03-26 04:05:06

Yet all the suburbs you recommended prices tanked and will underperformed in short medium term.

Fred 2022-02-02 07:37:32

Thanks for the article, am looking at Melbourne outer ring new suburbs because they are very low cost - 4/2/2 fir $530K new home - by example Sydney new H&L packages have gone up by 50% in the last two years because of HomeBuikder grant, land pr ...Read full version

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Victor June 1, 2023

Not sure where you got this data from, but it is highly untrue

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Michael Yardney June 1, 2023

Why do you say that Victor? We’re not looking for hot spots or the next new things, we’re looking for locations that have “always worked well.”

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john September 3, 2023

All the suburbs listed are South Eastern.
Some of those suburbs have not had the best annual growth!
I gind it misleading.

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Michael Yardney September 4, 2023

Thanks for reading and leaving your thoughts

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samuel March 26, 2023

Yet all the suburbs you recommended prices tanked and will underperformed in short medium term.

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Michael Yardney March 26, 2023

Prices corrected – but didn’t “tank” and investing is about the long term, not the short term – that’s specualtion

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Fred February 2, 2022

Thanks for the article, am looking at Melbourne outer ring new suburbs because they are very low cost – 4/2/2 fir $530K new home – by example Sydney new H&L packages have gone up by 50% in the last two years because of HomeBuikder grant, land prices rising and build costs starting to skyrocket. I see Melbourne’s new suburbs following suit and appreciating quite quickly from where they are now – any thoughts

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Michael Yardney February 2, 2022

While some of the outer suburbs of Melbourne have performed strongly over the last year due to affordability and the homebuilder grant, this trend will reverse moving forward. I believe buying a property in the outer suburbs will be a poor investment as these are areas where property prices are now unaffordable to many – there’s no way the locals can afford to pay more and push-up values as they’re not getting more money in there pay packets

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