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Best Suburb in Melbourne for 2024

October 16, 2024
best suburb in melbourne

Key takeaways:

  • The best suburb in Melbourne depends on your needs, with options ranging from upscale Kew to trendy Fitzroy.
  • Suburbs like Donnybrook and Werribee offer strong investment potential due to affordability and future growth.
  • Families looking for safe, quiet areas often choose suburbs like Mentone for great schools and parks.
  • Melbourne’s 2024 real estate market offers diverse property types from luxury beachside homes to affordable apartments.

Melbourne is known for its diverse and vibrant suburbs, each offering something unique to residents. Whether you’re looking for the Best Suburb in Melbourne for family living or a lively urban center, the city’s wide range of communities means there’s a perfect spot for everyone.

In 2024, several suburbs stand out for their lifestyle, investment potential, and overall appeal.

Let’s explore some of the best suburbs in Melbourne.

1. Kew (Upscale Living)

Best Suburb in Melbourne
Apartment for sale in 14/152 Princess Street, Kew, VIC

Kew is one of Melbourne’s most prestigious suburbs, offering large properties, elite schools, and easy access to the CBD. With its spacious standalone homes and beautiful streetscapes, Kew is a top choice for those looking for luxury and space.

In fact, it often ranks among the richest suburbs in Melbourne, making it highly sought-after by families and professionals who value high-end living.

  • Who it’s for: Families and professionals seeking a premium lifestyle.
  • Median house price: $2,605,000

Check out more properties for sale in Kew VIC 3101.

2. Fitzroy (For Nightlife and Culture)

Best Suburb in Melbourne
House for sale in 411 Napier St, Fitzroy, VIC, 3065,

Fitzroy is Melbourne’s cultural hub, known for its buzzing nightlife, art galleries, and trendy cafes. Located close to the city center, Fitzroy is perfect for young professionals and creatives who enjoy an urban lifestyle.

This suburb is known for its edgy charm and vibrant street art, making it one of the best places to live in Melbourne if you’re after a hip, inner-city environment.

  • Who it’s for: Young professionals, artists, and nightlife enthusiasts.
  • Median unit price: $752,200

Check out more properties for sale in Fitzroy VIC 3065.

3. Brighton (Coastal Charm)

Best Suburb in Melbourne
House for sale in 65 Durrant Street, Brighton, VIC, 3186

Brighton is Melbourne’s go-to destination for a luxurious beachside lifestyle. Known for its stunning coastline and famous Brighton Beach Boxes, this suburb offers both a relaxed environment and access to high-end amenities.

If you’re considering buying a house in Melbourne near the coast, Brighton is a top choice.

  • Who it’s for: Families and retirees seeking a coastal lifestyle.
  • Median house price: $3,195,000

Check out more properties for sale in Brighton VIC 3186.

4. Windsor (Cool and Grungy)

Best Suburb in Melbourne
Apartment for sale near Windsor, VIC

Windsor has earned a reputation as one of Melbourne’s coolest neighborhoods, offering a laid-back yet vibrant atmosphere.

With affordable apartments and a lively nightlife, it’s a hotspot for students and young professionals. Windsor is also known for its fantastic food and drink scene, making it a great place to live if you love dining out.

  • Who it’s for: Young professionals and students.
  • Median unit price: $575,000

5. Donnybrook (Best for Growth Potential)

Best Suburb in Melbourne
House for sale in LOT 2735 Fayalite Circuit, Donnybrook, VIC

If you’re looking for investment opportunities, Donnybrook is an emerging suburb offering plenty of potential. Located in Melbourne’s northern growth corridor, Donnybrook is still affordable compared to other areas and has a lot of development underway.

Buyers looking to invest before prices rise can find properties for sale in Melbourne in this suburb, which offers a solid long-term option.

  • Who it’s for: Investors and first-home buyers.
  • Median house price: $650,000

Check out more properties for sale in Donnybrook VIC 3064.

6. Mentone (Family-Friendly Suburb)

Best Suburb in Melbourne
Apartment for sale in 206/15 Balcombe Road, Mentone, VIC, 3194

Located in Melbourne’s southeast, Mentone is an excellent choice for families. With good schools, parks, and access to the beach, this suburb is popular among parents seeking a safe and nurturing environment for their kids. Mentone offers a quieter pace of life while still being close to urban amenities.

  • Who it’s for: Families seeking a quiet, suburban environment.
  • Median house price: $1,357,500

Check out more properties for sale in Mentone VIC 3194.

7. Brunswick (Eclectic and Lively)

Best Suburb in Melbourne
Apartment for sale in 310/1 Lygon Street, Brunswick, VIC, 3056

Brunswick is one of Melbourne’s most diverse and lively suburbs. Known for its eclectic mix of cultures and music, it has a distinctly bohemian vibe.

The suburb offers a mix of affordable apartments and larger homes, making it one of the most accessible areas for young people. For those interested in getting into the market, Brunswick offers a balance between affordability and proximity to the city.

  • Who it’s for: Young professionals and creatives.
  • Median unit price: $572,750 

Check out more properties for sale in Brunswick VIC 3056.

Why Choose Melbourne?

Melbourne continues to be one of the most attractive cities to live in, both in Australia and globally. The city offers a mix of cultural experiences, excellent education, and diverse job opportunities, making it ideal for families, professionals, and students alike.

  1. Cultural Hub: Melbourne is known for its world-class arts and music scene, as well as its vibrant nightlife and food culture. Suburbs like Fitzroy and Brunswick reflect this, offering plenty of cultural activities right at your doorstep.
  2. Education: Melbourne has some of Australia’s best schools and universities, particularly in areas like Kew and Brighton, where families often move to be close to elite educational institutions.
  3. Employment: Melbourne’s thriving economy makes it a great place for professionals, with industries ranging from finance and tech to arts and entertainment. Its variety of suburbs allows residents to live close to job hubs while enjoying diverse lifestyles.

Whether you’re considering buying a property in Melbourne’s inner city or exploring the cost to build a house in Melbourne in more suburban areas, the city offers a unique mix of affordability and high-end living.

Its well-planned public transport system and excellent infrastructure make it easy to navigate, with suburbs catering to different lifestyles and preferences.

Should You Invest in Melbourne’s Suburbs in 2024?

Melbourne’s real estate market offers excellent investment opportunities, particularly in its emerging suburbs. Areas like Donnybrook, Officer, and Werribee are attracting attention due to their affordable prices and development potential.

Investing in Melbourne’s outer suburbs could be a great strategy for long-term growth, especially as infrastructure projects continue to improve accessibility.

For those considering buying a house in Melbourne, understanding the growth potential of emerging areas is crucial. With continued urban development and transport upgrades, some of these suburbs are expected to experience significant price growth in the coming years.

Conclusion

Melbourne offers a wide range of suburbs to suit different needs and lifestyles, from high-end coastal living in Brighton to the cultural buzz of Fitzroy.

Whether you’re looking for a family-friendly suburb like Mentone or an investment hotspot like Donnybrook, the city’s diversity ensures that there’s something for everyone. As always, when considering properties for sale in Melbourne, it’s essential to research the neighborhood’s growth potential, lifestyle benefits, and long-term investment value.vamped properties.

Looking for Property in Melbourne?

Melbourne’s re-energised property market provides opportunities for individuals and families looking to settle in the city.

There are several suburbs to choose from, each with its own pros and cons. Peruse Soho’s search page to find your dream home in any one of them, or download the app to enjoy the full experience of swiping and short-listing your favorite ones!

FAQs on ‘Best Suburb in Melbourne’

Which areas should you avoid in Melbourne?

Some areas in Melbourne are considered less safe due to higher crime rates. These include:

  • Carlton
  • Docklands
  • East Melbourne
  • Kensington
  • North Melbourne
  • Port Melbourne
  • Southbank
  • West Melbourne
  • Abbotsford

Which is the safest suburb in Melbourne?

Ferny Creek is the safest suburb in Melbourne, with a crime rate of 10.6 incidents per 1000 people. Other safe suburbs include:

  • St Andrews
  • Merricks, Point Leo, Shoreham
  • Wattle Glen
  • Warrandyte, North Warrandyte

What is the most prestigious suburb in Melbourne?

Toorak is Melbourne’s most prestigious suburb, with a median home price of $5.18 million. It’s known for luxury homes and high-end living. East Melbourne is also highly regarded, with a median home price of $3.65 million.

Where do rich people live in Melbourne?

The wealthiest suburbs in Melbourne include Toorak, South Yarra, Brighton, Hawthorn, and Kew. These areas are known for their luxury homes and affluent residents.

Soho
Soho is your expert team in Australian real estate, offering an innovative platform for effortless property searches. With deep insights into buying, renting, and market trends, we guide you to make informed decisions, whether it's your first home or exploring new suburbs.
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