The most cost-effective areas in Melbourne
Eastern suburbs: Melbourne’s cheap buying area.
30-40 kilometers east of Melbourne city centre, around the picturesque foothills of the Dandenong mountain range, there are some of Melbourne’s most livable suburbs, and the only compromise is commute time. Farther suburbs are still worth considering. Land or real estate in places like Lilydale or Mooroolbark still have potential for appreciation.
Western suburbs: Melbourne’s cheapest house
The Western District has developed rapidly in recent years and has become the fastest growing region in the country. As employment opportunities increase, the number of people who have to commute to work in the CBD has decreased. Infrastructure and services are working hard to keep up, and with multiple plans and municipal planning, I believe that in the near future, life in the Western District will become better and better. Melton is becoming a popular choice-close to the airport and 45 minutes from the city center, the growing suburbs of the area provide affordable housing for buyers.
Melton is the cheapest suburb in Melbourne and tops the list among the most affordable suburbs in Melbourne, followed by Melton South, Cobblebank and Kurunjang.
Districts closer to the city center include Truganina, Tarneit and Laverton. Laverton is only 17 kilometers from the city center and can be reached by train in 30 minutes. Similarly, Tarneit has become a popular choice for buyers due to its extensive local bus network, new train station, highly rated private and public schools, and proximity to Werribee shopping mall.
Speaking of buying land
Melbourne’s coolest suburbs may be in the north, but districts like Fitzroy, Brunswick and Northcote are not cheap. These districts have traveled about two more districts north, and are some of Melbourne’s most affordable suburbs. The median house price is now below 500,000 Australian dollars. The area near the airport has excellent facilities such as Coolaroo and Dallas, and is only 18 kilometers from the city center. Compared with the so-called “fashionable” areas in the surrounding area, the price is much more affordable. Coolaroo is the cheapest.
In addition, based on the advantages of the geographical location and development space of Melbourne North District, the Victorian Government has formulated the “2017-2050 Melbourne Plan” and “2017-2021 Melbourne West District Five-Year Plan”, aiming to make Melbourne North District more livable , A star area with more investment value. Its employment trend is also very good, the government has created a national key employment cluster (NEIC)-La Trobe issued relevant document instructions, La Trobe NEIC is the most concentrated area of work in northeast Melbourne, with the ability to attract and create new jobs Great potential. Plan to develop four key areas of La Trobe University, Heidelberg’s main activity center and medical area, northern area and Heidelberg’s western employment area. These regions will focus on the development of international education, bioscience/agriculture, food and fiber, health and social assistance. The Metropolitan Activity Center will play an important service role, providing government, health, judicial and educational services, as well as retail and commercial services.
Epping’s main activity center has a world-class Melbourne wholesale market, Northern Hospital and Melbourne Institute of Technology. The district will focus on health and social assistance, food and fiber, retail and education. It is estimated that by 2031, 111,000 jobs will be added in Melbourne’s North District. The main growth industries include: food and fiber, logistics, healthcare and social assistance, international education and biological sciences.
traffic
A$3.5 billion to upgrade Melbourne Airport. The initial plan includes upgrading the T2 terminal building, adding two new terminal buildings, creating a transportation hub for pick-up and dropping off, allowing seamless connection between the Tullamarine Expressway and the airport, building a new airport train station, and opening trains and airports connecting Melbourne CBD and the regional center Two new runways will be added. A$100 million will be used for planning and construction of the North East Link. This will complete the missing links of the Metropolitan Ring Road and increase the capacity of the eastern highway. A$3.9 billion will be used to upgrade the first section of Plenty Road. In the first and second phases, increase lanes and install safety barriers.
education
The Victorian government invested A$5 billion to improve education. A$57.20 million was built to build new schools, and A$73.23 million to upgrade existing secondary schools and primary schools
health
Aus$162.7 million has been invested in hospitals in Melbourne’s North District to improve hospital service levels. Including: A$29.8 million for Austin Hospital’s infrastructure, and A$162.7 million for the expansion of Northern Hospital.
Leisure
A$3 million to build a water sports center in the Hume area, including a 50-meter indoor swimming pool, heated swimming pool, swimming training pool, water slide, meeting space and nursery facilities.
Seeing this, maybe everyone will have a better understanding of the North District and may be a step closer to buying land. Buy a house and follow the government, everything will be there! Wanjia also has some high-quality projects in the North District, waiting for inquiries from Wanjia Portal. For more questions about today’s tweets, please scan the QR code below.
