Melbourne is a global cultural hub, known for its arts, cuisine, and sports scene. With its strong economic base and diverse property options, Melbourne continues to attract both local and international buyers. Whether you are searching for a family home or a savvy investment, Melbourne’s real estate market offers prime opportunities.
Melbourne’s Housing Affordability Landscape
Melbourne’s housing market, while competitive, still offers more affordability than Sydney. As of December 2023, the median house price is around $916,000. Melbourne’s housing market caters to buyers of all types, with prices varying across its distinct suburbs.
Price Brackets for Various Property Types in Melbourne:
Houses
- Entry-level: $850,000 – $1,100,000
- Mid-market: $1,200,000 – $1,800,000
- High-end: $2,500,000+
Units
- Low range: $400,000 – $700,000
- Mid-market: $800,000 – $1,100,000
- High-end: $1,200,000 – $2,000,000+
Top Suburbs for Families in Melbourne
Family-friendly suburbs include Camberwell ($2,095,000), Glen Iris ($1,700,000), and Hawthorn ($2,200,000), all offering access to prestigious schools and parks. These areas combine large family homes with strong community amenities, making them some of Melbourne’s best suburbs for growing families.
Upscale Living in Melbourne
Melbourne’s luxury market is centered in affluent suburbs like Toorak ($4,000,000), Malvern ($3,000,000), and Brighton ($2,600,000). These areas are known for sprawling estates, proximity to elite schools, and upscale dining and shopping precincts.
Hotspots for Professionals in Melbourne
Professionals often choose suburbs like South Yarra ($1,900,000), Richmond ($1,600,000), and Docklands ($950,000 for apartments) for their proximity to the CBD, as well as easy access to public transport and vibrant nightlife.
Beachside Living in Melbourne
Melbourne’s coastal suburbs like St Kilda ($1,400,000), Elwood ($1,900,000), and Port Melbourne ($1,850,000) are ideal for those looking for a relaxed, seaside lifestyle with easy access to the city.
Countryside Charm Near Melbourne
The Mornington Peninsula ($1,800,000) and Yarra Valley ($1,200,000) are ideal for buyers seeking a quieter, semi-rural lifestyle, offering picturesque landscapes and proximity to wineries and beaches.
Meta Buyers Agents: Your Guide to Premium Properties
No matter the city, our Meta Buyers Agents team is here to help you navigate the property market with confidence. Whether you’re looking for a family home, an investment, or luxury living, our expert agents will work closely with you to find the perfect property.
Our Meta Financial Specialists are also on hand to address any financial queries. Schedule a session today!
