Among its schools is the sought-after St Helena Secondary College, a state co-educational located in nearby Eltham North. Docklands - 10. From paddocks to ‘burbs, Cranbourne has undertaken a massive transformation since the 70s and shows no sign of slowing down! Number of residents per ABS 2016 Census QuickStats. If you’d like an expert to teach you more about the Melbourne market or if you have any other questions, please just contact us directly and we’ll be in touch. Hi Peter, Thanks for your comments and feedback and glad you enjoyed the article. With the beach on its doorstep and a short commute to Melbourne’s Central Business District (CBD) – 29 minutes by public transport or 18 minutes by car – it’s no surprise that St Kilda West has topped the list of Melbourne’s best lifestyle suburbs. ^Note: When a property is sold, the successful real estate agent pays OpenAgent a referral fee, which is at a standard industry rate of 20% of the agent's commission. © Copyright 2020 CANSTAR Pty Limited AR 443019All Rights Reserved, *We are Australia’s Biggest Financial Comparison Site. Lachlan & Vera helped us secure a loan for an investment property. Geelong represents the best of both worlds for many of its residents. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. application and settlement process. Stay in the loop with Canstar's Home Loan updates. An Aussie mortgage broker can help you with this home loan product as well as many other home loans Sorry we couldn't find a match for that, please try again, Join the conversation, you are commenting as, - - - - - - - - - - - - - - - - - - - - - - - -, Dons miss out on Dunkley as Dogs pull off trade coup, The magic number that should trigger easing of restrictions, Pies defend trade cull, brutal Bucks phone call revealed. Tarneit Central Shopping Centre on Derrimut Road, features an Aldi, Coles, Kmart and Harris Scarfe.This is in addition to Tarneit Gardens Shopping Centre on Wickford Road, which offers a Woolworths and BWS. With a tight vacancy rate, there is no problem securing a tenant or reaping a generous rental yield of around 4%. Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular insurance product. “Stop focusing our attention primarily on the CBD and inner suburbs and start looking to the middle and outer suburbs.”. Neighbouring areas were also taken into account for the cafe, retail, culture and local employment indicators. Auction clearance rates were at incredible low of 32.1 per cent – which shouldn’t be surprising given the lockdown is preventing an effective auction program for any listings in the capital. Thank you. Within a walking distance to just about everything the city offers, Carlton is also well-connected with public transport. To determine best places to work, they looked at factors including economic performance, job growth, unemployment rate and access to workplaces. Tarneit is also home to the Julia Gillard Library Tarneit on Sunset Views Boulevard, which offers a range of community programs in addition to the 30,000 books, DVDs, magazines and ebooks for loan. CoreLogic data collated to the week ending 6th September 2020 tells the story. Get in touch to organise your complementary 60min session today! New research from consultancy firm PwC Australia revealed community safety, leisure facilities, inclusiveness and health and wellbeing services were the main reasons Victorians were happy with where they lived. If you like to be in the thick of things, then a move to South Yarra may be for you. Promises of new infrastructure such as a proposed Sunshine rail tunnel had encouraged buyers into the suburb, according to Douglas Kay Real Estate’s Peter Kay. He said while more expensive suburbs closer to the city tended to rank the highest, some outer ’burbs such as Frankston (104) and Belgrave (91) had an overall good standard of liveability, despite their lower rankings. Combine this with great amenities, such as access to excellent schools and public transport, and you’re well and truly onto something – particularly if you’re within close proximity of the CBD. The team at Intuitive Finance has also figured prominently by winning the 2016 "Best Independent Office (<5 brokers)" and "Best customer Service" Awards, and more recently at the 2017 MFAA National Awards, they also took out the "Best Customer Service" Award, a recognition which speaks for itself! Since the 1840s, South Yarra has been one of Melbourne’s most affluent suburbs, and today, this commercial precinct is home to the Jam Factory, Prahran Market and plenty of restaurants. With houses on large blocks and an easy commute to the city, Hoppers Crossing is desirable for families. and Australian Credit Licence 234945. Credit for Aussie Activate products is provided by Pepper Finance Corporation Limited ACN 094 317 647 ("Pepper"). Here, shoppers will find the Sunbury Square Shopping Centre, which has a Coles and Best & Less, plus a variety of speciality stores. For a suburb situated so close to the city, Point Cook offers great value with a median house price of $646,000. Of course, not every location and property will suit every investor. According to the data, the five suburbs with the highest burglary and theft claims over this time were Hampton Park, Broadmeadows, Burnley, Plenty and Kingsbury. Investments Pty Ltd ABN 27 105 265 861. Credit and any applicable offset accounts for Aussie Elevate are issued by Bendigo and Adelaide Bank Limited ABN 11 But our country did an enviable job dealing with the pandemic. on The best investment property suburbs in Melbourne 2020, CoreLogic data collated to the week ending 6. A drop in listings (supply) means those keen to purchase have less choice and must meet, to some degree, seller expectations. Annual growth is not exceptional at 2.4%, but the rental yield is very high at 9.1%; and with all that Carlton has to offer it won’t be hard to find tenants and reap the rewards. They were able to explain terms in very simplified way, which I needed! While we are riding a pandemic – and Melbourne has certainly borne the brunt of it to now – home values remain relatively strong. ^^ Note: As a result of COVID-19 where possible we have updated our agent selection algorithm to refer vendors to agents who have confirmed to us that they have social distancing measures in place to ensure our customers' health and safety. From student hot-spots to family-friendly nooks, if you’re trying to figure out where to invest in Melbourne we have you covered with our list. While this isn’t great for agents and buyers, it will be going some way toward propping up property values. Discover some of the extra costs, and if you could get a discount. They looked at factors including housing affordability, crime rates and accessibility to schools and universities, childcare centres, aged care homes, hospitals and healthcare centres. Melbourne's Most Liveable Suburbs 2019; Melbourne’s most liveable suburbs for 2019 revealed amid a few surprises ... FIND THE BEST SUBURB FOR YOUR LIFESTYLE. Australian suburbs where it's cheaper to buy than rent... Sydney and NSW property market update - October 2020, Australian property market update - October 2020. It’s reputation as an affordable suburb (with a median house price of $480,000) has made it a popular place to live. The most recent Domain Liveable Melbourne study by Deloitte Access Economics and Tract Consultants broke it down by suburb to find Melbourne’s most liveable locale – and inner-south culture hub South Yarra took the top spot. Not all lenders are available through all brokers. Pakenham is home to more than 46,000 people. Satterley Property Group (Satterley) has been honoured by the Urban Development Institute of Australia (UDIA), with its project, Upper Point Cook, winning the Residential Development category at the 2019 UDIA National Awards for Excellence. However, when weighed against population, the overall rate actually decreased by 0.8%. Additional terms and conditions may apply to different features. Read the Comparison Rate Warning. PwC experts used data and research findings to determine the best suburbs in Melbourne to live, work and play. According to Canstar’s analysis, The Patch had the lowest number of recorded criminal incidents by population in 2019. With a median house price of $545,000, Sunbury is a popular place to live for all demographics. Population growth in Greenvale has prompted upgrades at the Greenvale Shopping Centre. Dallas offers a median house price of $476,000, while units fetch an average of $370,000. Read more: Guide to buying a house and land package. The Roxburgh Park train station on Brunton Ave, is approximately a 10 minute drive from Greenvale, and transports city commuters to Southern Cross train station in 35 minutes. The new Domain Liveable Melbourne study has ranked 307 suburbs on 17 indicators to give us this list of the most liveable in the city. The northern suburbs are where a lot of value can be found in a Melbourne investment property. The inclusions mentioned represent a selection of what is covered at the time of writing. With an abundance of parks, playgrounds and community amenities, Pakenham is a favourite with everyone from singles to families. Local schools include Thomas Carr College, for students in year seven to 12, and Tarneit Central College for students from prep to year nine. here. What is interesting is Melbourne’s “Bridesmaid” suburbs are actually holding up their values in many cases, better than their more popular neighbours. More surprising was the exclusion of former No.3 suburb Toorak, which this year dropped in the ranks to number 47. definitely made it a low stress experience securing the loans. Discuss your specific needs & formulate the right strategy for you. Annual gains are strong and consistent with 11.4% growth, which is up 71.8% from the same period five years ago. Invalid postcode. With a 78.4% increase in the median house price since 2013, the transformation of the suburb means that growth will surely continue to rise as the area draws on popularity from nearby, well-heeled northern suburbs like Preston. “A big challenge about liveability is how we start getting that community infrastructure in place in the outer suburbs in these high-growth areas like Wyndham and Casey – which is really where most of the population’s going right now.” Professor Grodach said. This can result in higher premiums for customers in these areas. The team was prompt with responding to our questions. “The benefits of generally getting a seat and being able to do work on the train without the stress of driving, I find outweighs the costs,” he said. It’s median house price of $560,000 is equally appealing, so too it’s 3.6 per cent rental yield (compared to the Melbourne metropolitan average of 2.9 per cent). Read more: Where you can score real estate bargains in Australia and abroad. The world of banking and finance can be a pretty daunting one for both novice and sophisticated investors and since our establishment in 2002 we’ve focused on providing outstanding service and business standards. Read more: Top 10 places around Australia to invest in an apartment. The left side of the tracks has more houses while the right side is mostly units. They now live near the Royal Botanic Gardens with their two young children. Enter the email address associated with your account, and we'll email you a link to reset your password. Melbourne has long been a favoured destination for investors searching for value in the Australian property market. For more information, read the product disclosure statement (PDS), Canstar’s Financial Services and Credit Guide (FSCG), detailed disclosure, important notes and liability disclaimer. Melbourne’s median house price was $785,000 in the June quarter, a state-wide railway level crossing removal project, the Australian Bureau of Statistics predicting it will surpass Sydney as the nation’s most populous city in 2031, with a projected population between 8.6 million and 12.2 million, government-backed growth management plans, Mickleham is home to Botanical estate by Satterley, median house price of $560,000 is equally appealing, so too it’s 3.6 per cent rental yield (compared to the Melbourne metropolitan average of 2.9 per cent), Greenvale’s median house price is $725,000, Satterley’s True North residential community.

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