5 Suburbs to Find a House & Backyard for Under $1m
Brunswick
Brunswick is a vibrant and eclectic inner-city suburb that has long been a hotspot for property investors in Melbourne. With its proximity to the CBD, excellent public transport options, and a rich cultural scene, Brunswick attracts a diverse range of residents, including students, young professionals, and families. The suburb's strong café culture, trendy bars, and boutique shopping add to its appeal, while the mix of period homes, modern apartments, and townhouses provides varied investment opportunities. Its popularity with renters ensures a high demand for rental properties, contributing to stable and strong rental yields.
In addition to its lively lifestyle, Brunswick offers significant long-term growth potential. Its ongoing gentrification and proximity to major employment hubs make it a prime location for capital appreciation. The suburb also benefits from access to quality schools, parks, and community facilities, such as the renowned Sydney Road precinct. For investors looking to capitalise on a highly sought-after area with a strong local identity and consistent demand, Brunswick remains a top choice for investment in Melbourne's inner north.
Examples:
https://www.realestate.com.au/sold/property-house-vic-brunswick-145635536
https://www.realestate.com.au/sold/property-house-vic-brunswick-145629524
Seabrook
Seabrook is an emerging gem for property investment in Melbourne's western suburbs, offering excellent value for money compared to more established areas. Its proximity to the booming Point Cook and Laverton, combined with convenient access to the CBD via the Princess Freeway, makes it an appealing location for families and young professionals. With a mix of established homes and new developments, investors can find diverse opportunities to cater to different markets. The suburb is also known for its reputable schools, such as Seabrook Primary, which adds to its appeal for families looking for long-term stability.
Additionally, Seabrook boasts a strong sense of community and plenty of green spaces, including Skeleton Creek, which runs through the suburb, providing picturesque walking and cycling trails. The ongoing growth of infrastructure in Melbourne's west, including shopping centres, public transport upgrades, and future projects, enhances Seabrook’s long-term potential for capital growth. Its relatively affordable housing prices, coupled with rising demand, make it an attractive investment option for those seeking solid returns without the steep price tags of more central suburbs.
Examples:
https://www.realestate.com.au/sold/property-house-vic-seabrook-145320948
https://www.realestate.com.au/sold/property-house-vic-seabrook-145287388
Ferntree Gully
Ferntree Gully is a scenic and family-friendly suburb located at the foothills of the Dandenong Ranges, offering a peaceful lifestyle while still being well-connected to Melbourne's metropolitan areas. Known for its natural beauty, the suburb is surrounded by parks, reserves, and walking trails, making it particularly attractive to families and nature lovers. With a mix of established homes on larger blocks and newer developments, Ferntree Gully offers diverse property investment opportunities at a more affordable price point compared to closer-in suburbs. Its access to good schools, healthcare facilities, and convenient transport links, including the Ferntree Gully train station, makes it a highly liveable and appealing location for long-term tenants.
The suburb also has strong potential for capital growth, thanks to its steady population increase and ongoing infrastructure development in Melbourne's east. As more people seek suburban living with access to nature while remaining close to major employment hubs, Ferntree Gully is well-positioned to benefit from rising demand. Its family-oriented community, combined with ongoing gentrification, ensures that it remains a solid choice for investors looking for stable returns and future growth in one of Melbourne’s most picturesque areas.
Examples:
https://www.realestate.com.au/sold/property-house-vic-ferntree+gully-145593512
https://www.realestate.com.au/sold/property-house-vic-ferntree+gully-145744888
Seaford
Seaford is a coastal gem in Melbourne's southeastern suburbs, offering a unique combination of beachside living and affordable property prices, making it an excellent investment opportunity. With its close proximity to the stunning Seaford Beach and the Kananook Creek Reserve, the suburb appeals to families, professionals, and retirees looking for a relaxed lifestyle. Seaford’s well-serviced public transport options, including the nearby Seaford train station and easy access to the Frankston Freeway, ensure connectivity to Melbourne's CBD and surrounding areas, which adds to its investment appeal. The suburb also offers a mix of established homes and newer developments, catering to a wide range of buyer and renter demographics.
In recent years, Seaford has experienced steady growth due to its increasing popularity, which has contributed to rising property values and rental yields. The suburb’s ongoing revitalisation, along with its excellent local schools, parks, and shopping centres, make it attractive for long-term tenants and buyers alike. As coastal living becomes more desirable in Melbourne's outer suburbs, Seaford stands out as a location poised for strong capital growth and a solid return on investment, offering a balance between lifestyle and affordability.
Examples:
https://www.realestate.com.au/sold/property-house-vic-seaford-145711156
https://www.realestate.com.au/sold/property-house-vic-seaford-145618556
Briar Hill
Briar Hill is a quiet, leafy suburb in Melbourne's northeast, offering a peaceful and family-friendly environment that makes it an appealing investment destination. Known for its spacious homes on large blocks, Briar Hill provides a suburban retreat with easy access to nearby employment hubs like Greensborough and Eltham. The suburb’s strong community atmosphere, along with its proximity to quality schools and local amenities, makes it especially attractive to families seeking long-term residence. Investors can find solid opportunities in Briar Hill’s established housing market, with many properties offering potential for renovation or development due to the large lot sizes.
As Melbourne's northeastern suburbs continue to grow, Briar Hill offers excellent potential for capital appreciation, benefiting from its balance of serenity and connectivity. The suburb's green spaces, including nearby parks and reserves, add to its lifestyle appeal, while infrastructure developments in the surrounding areas contribute to its growth prospects. For those seeking a suburban investment with long-term stability and future growth potential, Briar Hill provides a unique blend of tranquillity, convenience, and value.
Examples:
https://www.realestate.com.au/sold/property-house-vic-briar+hill-145330064
https://www.realestate.com.au/sold/property-house-vic-briar+hill-144753980