Are you a suburb snob?
Are you a suburb snob? You may be missing out on some of Melbourne’s best kept secrets!
We all know the draw cards of affluent beachside suburbs like Brighton and Albert Park… and the benefits of being city fringe in Richmond & North Fitzroy. But with their notoriety comes a hefty price tag.
Venturing slightly out of your comfort zone can pay off big time. Here’s a few of our lesser known suburb picks;
West Melbourne – While the western side of this sprawling inner city suburb is largely made up of shipping yards, railway lines and industrial warehouses… The eastern side of West Melbourne is one of our favourite inner city pockets when looking for affordable heritage property without the usual price tag. With an achievable median house price of $1,050,000 (a whopping $150k less than neighbouring North Melbourne) It’s no wonder our clients love us for suggesting it!
Mordialloc – Located 25kms South-East of the CBD, this Bayside suburb has a strong commercial presence. Due to its mixed composition and large industrial area to the East (Braeside), it is often overlooked when compared to neighbouring Parkdale & Aspendale. With a median 3-bedroom house price sitting at $944,000 and catchment areas for well-regarded state schools, it is a fantastic option for long term investors and families wanting that beachside lifestyle on a friendlier budget.
Fairfield – Nestled quietly between family focused Alphington and uber cool Northcote, Fairfield has been steadily growing in popularity. With charming Station Street Village heavy on the cafes, bars and restaurants, this leafy pocket is a delight for any inner city dweller looking to get to know and enjoy their local. At only 6kms away, it is a quick trip into the city for those who need to commute. With beautiful parklands and a good mix of low density apartment buildings, spacious older style villa units and family homes in the area, Fairfield could just be our favourite child!
Carnegie – When looking for the right family home, or high capital growth investment area look no further than Carnegie. Huge amounts of money have already been poured into the area both by the council and local developers, but look closely and you will find a number of un-renovated period style properties on good sized suburban blocks brimming with potential. Well serviced by public transport, parklands and lively Koornang Rd shops on your door step, you can’t go wrong.
West Footscray – If you’re venturing over the Westgate Bridge and don’t want to compete with our gentrified friends in Yarraville…. West Footscray may be your spot. If you can beat the local developers to it, you may be able to secure an unrenovated freestanding home on a sizeable piece of land under $800k! You read that right.
We love Yarraville and Spotswood as much as the next person but with their median house price ticking up closer to $1mill these days, the affordability of West Footscray coupled with proximity to the City and value add potential has us driving the extra 10mins down the road time and time again.
Don’t just follow the trends, think outside the box and call us for more information on where to best invest your money when it comes to real estate.
Sam Davenport
Bored? Done all of Brighton? Mahhhht be tahhhhm to look outside the box for your next property purchase!