Written by Compare the Market

What’s our number one goal? To help every Australian make better decisions when researching & buying products that they depend on.

Victoria’s fastest growing suburbs

Home > Blog > Victoria's fastest growing suburbs

Compare the Market

With rising Sydney prices too hot for some, many property investors are turning their attention to Victoria and Greater Melbourne to snap up a bargain. With the median house price in Greater Melbourne sitting at $690,000 (compared to Sydney’s whopping $1million+ median house price), it’s no wonder investors are flocking to Victoria’s property market.

Not only are properties more affordable south of the border, but in June, Melbourne’s property market marginally outstripped Sydney by .1% (according to CoreLogic RP data), leading to some market experts placing early bets on Melbourne to outperform Sydney in 2016.

If you’re looking for an investment property or family home in the Greater Melbourne area, check out properties in three of Victoria’s fastest growing suburbs and regional centres.

Nestled just north of Melbourne’s CBD, the leafy suburb of South Morang in the City of Whittlesea is attracting its fair share of attention from investors looking for an affordable entry into the Melbourne property market.

What’s driving South Morang’s growth?

Cranbourne East

Located 43 kilometres southeast of Melbourne’s CBD, Cranbourne East is proving popular with the younger property investor. Recent large-scale housing developments have opened up affordable housing opportunities for young couples and families looking to balance lifestyle and easy access to inner Melbourne. According to population forecasting from the City of Casey, 25 – 29 year olds will make up the majority of population growth through 2016.

What’s driving Cranbourne East’s growth?

Point Cook

Situated 25 kilometres southwest of Melbourne’s CBD, Point Cook continues to record strong growth; in fact, nearly 1,000 homes have been sold in the suburb this year, giving it the second highest sales volume in the country!

What’s driving growth in Point Cook?

Research can ensure good property decisions

Purchasing property is huge decision but with a little bit of knowledge, you can feel confident that you’re making a good investment decision, for now and the future. Dipping your toe into the market for the first time? Check out our Checklist for Successful First Home Buyers for some good introductory information.

Related Posts