The 9 Best Suburbs to Live in Melbourne
Preparing for your next big move? Here’s our pick of the best places to live in Melbourne in 2021.
From growing families to students and ambitious young professionals, there’s a Melbourne suburb to suit every type of lifestyle. Whether you’re looking in the city fringe, inner east, north of the river or bayside, each neighbourhood has its own colour and unique personality. Keeping in mind walkability, café culture, job opportunities, public transport and local amenities, these are the Melbourne suburbs topping liveability charts.
Those looking to be in the heart of Melbourne’s shopping, dining and entertainment precinct, Prahran is a lively, easy-going neighbourhood that has become a mecca for youth and young singles. It has a vibrant community and is well connected with quick trams and trains into the CBD. The suburb has seen growth of 8.7% over the past year, with property prices ranging from $1,640,000 for houses to $573,000 for units.
Located just 14km from the CBD, Bentleigh East is highly sought-out among families for its strong education options in terms of zoned primary and secondary schools. It offers large blocks of land, with excellent sporting facilities, playgrounds and shopping strips. The suburb has seen solid growth over the past five years, with a median house price of $1,235,000.
Punctuated by Victorian terraces and art deco homes, East Melbourne is a prestigious neighbourhood with the city centre on its doorstep. It’s coveted by young independents and professionals for its culture, cafes and access to public transport. The suburb is effortlessly walkable with tree-lined streets, inspiring architecture and picturesque gardens.
The southwestern suburb of Point Cook is gaining popularity among families for its closeness to schools, abundance of parks and easy freeway commute to the city. The town centre boasts lively restaurants and cafes and there is a strong local sense of community. It offers spacious, mostly new homes, and ranks highly in terms of affordability. Median property prices range from $667,900 for houses to $487,500 for units.
Home to the rich and famous, Toorak continues to top the ranks when it comes to liveability. Residents benefit from easy connection to the CBD, nearby parks of South Yarra and elegant restaurants and shopping boutiques. It’s one of Melbourne’s oldest and most glamorous suburbs, with a hefty price tag to match. Units have a median price or $935,000, while houses top the $4 million mark.
The leafy, prosperous suburb of Hawthorn East combines a family-friendly atmosphere with the convenience of the inner-city. It ticks all the boxes in terms of a bustling café scene, shopping strips and quick, convenient transport into the CBD. The suburban gem has seen a steady increase in property prices over the past five years, with a mix of charming Edwardian, Victorian and art deco homes.
Charming Northcote has become one of the city’s most stylish neighbourhoods, with notable restaurants, edgy wine bars and independent boutiques. It has a bustling village vibe attracting everyone from hip young renters and buyers to growing families. The inner-north suburb is well connected via an easy tram ride to the city and offers great parklands along with the scenic Merri Creek Trail through the northern suburbs.
Considered one of the best places to live among millennials, Collingwood has transformed from its rough roots into one of the city’s coolest hubs. This creative, inner-city gem is just a quick train ride into the city centre, and is jam-packed with coffee shops, wine bars, galleries and design stores. The median house price has surpassed the million-dollar mark with strong rental returns poised for investors.
Those looking for laidback beachside living can enjoy greater affordability in Highett, compared to the more affluent areas of Hampton and Brighton. This lifestyle-centric suburb combines access to pretty beaches with excellent private and public schools, golf clubs, parks and shopping at Westfield Southland. From Highett Station you can hop on the train for a direct ride into the CBD.
*All statistics sourced from Core Logic, Realestate.com.au, and Domain.
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