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Top 10 most affordable growth area suburbs

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Apr 17, 2023

The north and west are by far the most affordable areas to purchase. Whether you are first home buyer, investor or looking for a change in lifestyle, you will likely be able to find something within your budget in these suburbs. 

Seven out of the top ten suburbs listed have a dollar per square meter rate for land less than $1,000. The median is currently $1,068 in Metro Melbourne municipalities combined.

Wallan and Beveridge in the Mitchell Shire are in the top 3 of the most affordable areas to purchase land. The median land price in these suburbs are $365,000 and $351,500 respectively. Although affordable, prices have remained stable over the last 12 months.  

Four of the top 10 are within the Melton Municipality which has a median land price over $400,000 for the fourth consecutive month and a median rate of $1,077 per sqm for land.

These areas provide not only affordability but good lifestyle options, rental yields and a variety of land sizes to suit with ample of current and future amenities and services.


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