where to buy house in melbourne

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Where To Buy House In Melbourne Apr 2026

: Suburbs like Sunshine , Footscray , Cranbourne , and Pakenham are major winners following the Metro Tunnel becoming fully operational in February 2026.

: Toorak , Canterbury , and Balwyn remain the "gold standard" for long-term equity, though entry prices range from $2.95M to $4.5M. Best Suburbs by Category where to buy house in melbourne

Melbourne ’s property market in 2026 is currently viewed as an with house prices roughly 30-41% cheaper than Sydney’s . Experts from KPMG and Domain forecast a growth cycle starting this year, with house prices expected to rise by 6.6-6.8% and units by 7.1-7.3% . Market Overview & Strategic Picks : Suburbs like Sunshine , Footscray , Cranbourne