Melbourne Suburbs to Invest in 2022

Apart from being known as one of the most livable cities in the world, Melbourne has grown into such an interesting city because of what it can offer. As one of Australia’s major cities, Melbourne in some cases even better than Sydney which is why so many people choose to live there. Melbourne’s outlying district cities also known as suburbs have also become very popular among Australians looking into moving out of the city and finding a home where it’s less busy.

Considering the new housing policies that will be implemented this year, it’s actually a good time to invest in property especially if you are a first-timer. Melbourne Suburbs, for instance, is popular for its affordability and its laid-back vibe which make them very attractive to many investors.
If you’re one of those who want to start investing in the property market in the Melbourne Suburbs, here are some of the best places that could fit your lifestyle.

CAULFIELD
10km south-east of Melbourne’s CBD, you will find a well-regarded suburb famous for having the best-serviced town in terms of transportation such as tram and train networks. The train networks link Caulfield with the CBD as well as neighbouring Elsternwick and Glen Huntly suburbs. Villas and homes in these suburbs make good investments as well.

OFFICER

48kms south-east of Melbourne, Officer is one attractive suburb for many investors because of its close proximity to the train line and Princes Freeway. People have now started leaning towards the suburbs because it is loads cheaper than the major cities. Officer’s affordability has become attractive to many buyers especially those interested in rentals. Properties in Officer attract rents around $410 a week and a rental yield of 3.2%.

ELSTERNWICK
With a total population of 10,353 people, Elsternwick is one of the most highly desirable suburbs in Melbourne, especially for families. Elsternwick can be found just 9 km from the Melbourne CBD. It is indeed a sought-after suburb.

MELTON
Considered a market ripe for property investors, just 35 km from the city, Melton, that has a median house price of $410,000 and a median unit of $335,000. Melton is perfect for investors who list affordability as their major consideration before investing in property.

GLEN WAVERLEY
If you’re one of those who like the old-fashioned vibe, Glen Waverley might be a good place to start investing in. It’s only half an hour from the CBD and is considered one of the safest suburbs in Melbourne. The median house price is $1.6 million and the average house rent of $520 per week. The suburb has great Melbourne schools and recreational options for the whole family.

HOPPERS CROSSING
Hoppers Crossing is known for being a suburb with excellent proximity to almost everything. It’s 23 km away from the city and is great for families and couples. Hoppers Crossing has a median house price of $565,000 and a median price unit of $410,000.

WERRIBEE
Located between Geelong and Melbourne, Werribee is known for the many options for homeowners such as river frontage, zoo, winery, amazing parklands, a major shopping centre, and a beach. Werribee also has an express train to CBD, which would be great for professionals. Median properties are priced under $600k, which makes the suburb so attractive among homebuyers. Houses are at $540,000 while units are at $400,000.

EPPING
Epping announced the Epping Central Project which will turn the suburb into a thriving regional hub because of its upgraded infrastructure and new housing. The suburb offers plenty of schools, green space, shopping spots, and efficient transportation at a more affordable price. The median house price is $675,000 and the average house rent is $400 per week.