If you’re looking for a property for less than $1m with gorgeous surroundings and a substantial record of capital growth, Melbourne is the place to be. Take a look at the following suburbs to find out what lifestyles they afford their residents.
We’ve listed the stats as the median house price in September 2016, June 2016, then the quarterly percentage price change.
Pricing: $560,000, $467,550, 20% growth
Distance to centre: 52km
Features: Close to shopping centre, easy access to the peninsula link freeway, schools, childcare, the beach, wineries, the Mornington Peninsula.
Pricing: $605,500, $516,500, 17.2% growth
Distance to centre: 47km
Features: Family-friendly, close to beach, primary schools, train station, Eastlink access, large block sizes, shops, cafes, restaurants, farmers market, Kananook Creek, wetlands, surf club, fishing, in the vicinity of Mornington Peninsula.
Pricing: $855,000, $745,000, 14.8% growth.
Distance to centre: 8km
Features: Riverside Golf Course, close to the centre, river frontage, gyms, trains, buses, live music, Highpoint shopping centre, VU University, local markets, cafes, restaurants, hospitals. Footscray has also been referred to as ‘the new Fitzroy’, as a result of the recent efforts made to gentrify the area. Included in this have been extensive urban renewal initiatives.
Pricing: $504,000, $440,000, 14.5% growth.
Distance to centre: 50km
Features: Family-friendly, schools, Bayside shopping centre, golf club, arts centre, cinemas, Peninsula Link, close to Mornington Peninsula, parks, Monash Uni, yacht club, foreshore festivals, Peninsula Aquatic Recreation Centre.
5) Altona North
Pricing: $788,000, $702,500, 12.2% growth
Distance to centre: 17km
Features: Close to the centre, local shops, large block sizes, recreation, parks, golf club, schools, freeway access, walking trail, badminton centre, gyms, 20 minutes to Melbourne airport
6) Dingley Village
Pricing: $855,000, $763,500, 12% growth.
Distance to centre: 27km
Features: Rural feel, family-friendly, wide streets, golf courses, shops, paintball, parks, big blocks.
7) South Morang
Pricing: $550,750, $495,000, 11.3% growth.
Distance to centre: 27km
Features: Buses, train station, parks, schools, Westfield, childcare, Mernda rail extension, affordable and family-friendly.
Pricing: $395,000, $355,000, 11.3% growth
Distance to centre: 35km
Features: Restaurants, cafes, freeway access, country town feel, train station, shopping plaza, nightclubs, twilight cinema, Open Range Zoo, golf course, close proximity to the beach, NBN access.
9) Hampton Park
Pricing: $430,000, $392,500, 9.6% growth.
Distance to centre: 40km
Features: Affordable, family-friendly, parks, recreation, golf courses, drive-in, schools, Hallam train station, sky rail project, buses, freeway access, shopping centre.
10) Pascoe Vale
Pricing: $802,000, $734,500, 9.2% growth.
Distance to centre: 16km
Features: Close to the centre, family-friendly, train station, freeway access, parks, recreation, schools.
Some of the most common themes in the above list were family-friendliness and proximity to the beach, which shows that lifestyle is overtaking convenience of being close to the CBD.
As more and more people are able to work from home instead of heading to the office Monday-Friday, it’s likely that this trend is only set to emerge further.