Melbourne is an excellent place to live for people looking for job opportunities and a high quality of life. Finding the best places to rent in Melbourne or an affordable property for sale in Melbourne can be challenging, but with some research, you can find plenty of cheap places in the city. This article will discuss some of the best neighbourhoods for budget-minded shoppers.
The best part? Some of the best places to live in Melbourne are actually affordable! Once you have an idea of your price range, start your search in one of these five areas:
Melton
Median home price: $389,190
Anyone looking for the cheapest place to rent in Melbourne will want to check out Melton. With a median home price of just $389,190, it’s one of the most affordable suburbs in the city.
Melton is a beautiful place to raise a family, but it’s also suited for singles and retirees. It’s likely one of Melbourne’s more affordable communities, and there are plenty of things to do and places to shop, all within thirty minutes by car. So, if you’re after 1 bedroom apartments for rent in Melbourne for cheap, definitely add Melton to your interested areas on Soho.
Melton South
Median home price : $404,812
Melton South is also an area worth considering if you’re after cheap houses for sale in Melbourne. This suburb has excellent schools, public transportation, and affordable housing. Rental return is also good, so Melton South is a great choice if you’re looking for an investment property.
Although Melton South doesn’t have the best reputation, it’s still a great place to live and raise a family. If you’re looking for an affordable place to live in Melbourne, Melton South should be at the top of your list.
Millgrove
Median home price: $419,830
This location is renowned for its peaceful and tranquil atmosphere, and is worth checking out if you enjoy nature, taking walks, or talking with your neighbours. It’s relatively inexpensive to buy a house here, and it offers a fantastic way to get away from a busy lifestyle full of distractions. This quaint little suburb is outside Melbourne in the Yarra Valley–it’s a great place to raise a family or to retire. The cost of living is very reasonable, and there are plenty of things to do in the area.
Cobblebank
Median home price: $434,888
Cobblebank is an excellent choice for those looking for an affordable place to live in Melbourne. It’s peaceful, cheap, and convenient, and the value of homes there is rising regularly. It’s impossible to know the future, but Melbourne property market predictions suggest Cobblebank boasts fantastic potential. The suburb is in the western part of the city and, as it offers plenty of things to do, is also a great place to raise a family.
Kurunjang
Median home price: $436,026
Not far from the CBD, Kurunjang is another great choice for those looking for an affordable place to live in Melbourne. Kurunjang provides excellent schools, close public transportation, and fresh food markets just outside your front door. The streets are clean, so parents can relax knowing their family will be safe all day.
Conclusion
If you’re looking for a cheap place to live in Melbourne, you should check out the suburbs of Melton, Millgrove, Cobblebank, and Kurunjang. These suburbs have affordable housing and plenty of things to do, while being near enough the city centre to offer convenient public transportation.
