Take a look at Melbourne’s top growth suburbs coming in at under $1m

Take a look at Melbourne’s top growth suburbs coming in at under $1m

FootscrayIf 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.

1) Langwarrin

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.

2) Seaford

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.

3) Footscray

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.

4) Frankston

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.

8) Werribee

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.

List on iProperty.com.au

Want to advertise on our site?

Fill out the form and a member of our team will be in touch soon.