Melbourne’s home buyer hotspots

“Some properties simply just don’t go to market,” says Leah. In some situations, a seller may choose to sell privately and not advertise at all.

A local real estate agent could keep an eye out on potential properties and open doors that would otherwise be closed.

“If your preferred suburb no longer meets your budget, look at that next suburb. We often refer to it as a bridesmaid suburb,” says Leah.

“Just because you work somewhere, it doesn’t necessarily mean you need to live in close proximity.”

Leah explains that with more people opting for flexible working hours, there’s less of a need to live close to work. It allows first home buyers to look beyond the central Melbourne suburbs.

“COVID-19 has highlighted for people to re-look at what’s important to them and how they create flexibility.”

“Have a look at what the local councils are saying about the infrastructure and development.”

Leah urges potential buyers to take a look at council websites to find the latest research and projects.

“They’re often familiar with changes to local subdivisions or local council changes. They might also be aware of what changes might be happening at local schools, whether it be primary or secondary. It can make a difference in purchasing a property from a price point.”

“If you’re interested in taking a deeper look at a suburb you can check our stats and historic values on the REIV website.”