With rising property prices in Melbourne and other major Australian cities, many prospective buyers are looking to more affordable locations across Victoria. These areas offer great value for money while still providing the lifestyle and amenities that many homeowners seek. Here are some of the most popular affordable places in Victoria to buy homes.
1. Melton
Located just 35 km west of Melbourne’s CBD, Melton is one of the most affordable suburbs within commuting distance of the city. Known for its family-friendly environment and growing infrastructure, it has become a hotspot for first-home buyers and investors alike. With average house prices significantly lower than Melbourne’s median, Melton offers excellent value, especially for those looking for more space and a suburban lifestyle.
2. Wyndham Vale
Situated southwest of Melbourne, Wyndham Vale is a popular choice for buyers seeking affordable homes with good transport links. The suburb has seen significant development over the past few years, with new schools, shopping centers, and parks. The accessibility to the Melbourne CBD via train and major roads makes Wyndham Vale a great option for young families and commuters looking for affordability without sacrificing convenience.
3. Bacchus Marsh
Bacchus Marsh, located 50 km west of Melbourne, is a beautiful regional town that has maintained its charm while offering affordable housing options. Known for its green spaces, orchards, and vineyards, it’s an attractive option for buyers seeking a peaceful lifestyle while staying close to Melbourne. The town is well-connected by road and rail, and with property prices lower than metropolitan areas, it’s gaining popularity with those looking to escape the city’s hustle.
4. Wallan
Wallan is located about 45 km north of Melbourne and is rapidly growing due to its affordable property prices and access to the Hume Freeway. The suburb has experienced a surge in development, including new estates, shopping precincts, and schools. Wallan’s semi-rural feel, combined with its proximity to Melbourne, makes it an ideal option for buyers wanting more space and a quieter lifestyle while still being close enough for an easy commute.
5. Pakenham
Pakenham, situated about 56 km southeast of Melbourne, offers a mix of suburban and semi-rural living at a much more affordable price than the inner-city suburbs. It’s a rapidly growing area with plenty of new housing developments, schools, and shopping facilities. Pakenham’s direct access to the Melbourne CBD via train makes it a popular choice for young families and first-home buyers looking for value and convenience.
6. Lara
Lara, located between Melbourne and Geelong, is a regional gem offering great affordability and access to both major cities. It’s a peaceful town with a strong sense of community, and it provides easy access to the beaches of Geelong and the city amenities of Melbourne. For those looking for a relaxed, family-friendly environment at a fraction of the cost of Melbourne or Geelong, Lara is a fantastic option.
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