Best 10 Suburbs to invest in Melbourne 2021 When we take a look at investor statistics within the Australian property market throughout the last year, we see the lowest participation rate on record. Altona/Altona North/Altona Meadows: Ms Dean said families were flocking to Altona ($920,000 house median), for its beach access, walking tracks and schools. But while the state’s property market suffered a dip, since late October, the Melbourne market has rebounded strongly. Parkdale: Nick Johnstone director Nick Johnstone said Parkdale “may not be affordable much longer” as more families pursued the lesser-known waterfront suburb. The vendors said Pennydale — on the beach side of Nepean Highway — had notched big sales even throughout the coronavirus-driven downturn, giving them confidence to sell ahead of a move to Queensland to start a new business venture. For apartments within 20 kilometres from the CBD, Bundoora in Melbourne’s north-east offered the best buy with a median price of just $385,500. Seddon: Hocking Stuart Yarraville’s Leo Dardha said Seddon ($1.031m house median) was “already a firm favourite” among families, thanks to its wide streets and decent-sized blocks. The rental population is healthy at 19.09% with vacancy rates as low as 0.87%. data-styled.g462[id="style__TabContent-sc-1j6h7ak-3"]{content:"gtFibK,fiRUpV,"}/*!sc*/, Melbourne COVID-19 housing downturn coming to an end, Melbourne auctions: Fitzroy North house smashes reserve by $751K. This article is based on our own opinion. .gtFibK.gtFibK li{display:list-item;}/*!sc*/ By George Cochrane. MORE: Brighton beachfront dream home has pool and in-ground trampoline, Jim Milledge: Top architect lists impressive Toorak home, ‘The Hobbit House’, Olinda: Bag Melbourne’s own Hobbit home. The Kingston region is expected to see a boost in its popularity in 2021, according to an interview with Nathan Jones for Savings.com. If you're looking at Melbourne for growth suburbs you're looking in the right direction. Personalised advertising: We show you more relevant advertising based on your activity. Growth rates are modest but the rental yield is strong at 3.7% for houses and 4.8% for units and a 1.51% vacancy rate overall. .fiRUpV.fiRUpV a{font-size:0.75rem;line-height:1rem;margin:0.75rem 0;font-family:"Museo-Sans-300","Helvetica Neue",Helvetica,Arial,sans-serif;font-weight:normal;color:black;}/*!sc*/ Investors, meanwhile, will benefit from suburbs that are in close proximity to CBDs, transport links and universities, such as Footscray, Brunswick Brunswick, WA Brunswick, VIC, Caulfield North and Geelong. The pandemic affected Melbourne more than any other capital city in Australia in 2020, but what does that mean for investors in 2021? “Homes have lots of room for families, but the area is getting more expensive,” she said. Many of the suburbs earmarked for growth in 2021 are in lesser-known locations like Western Australia’s Wanneroo, South Australia’s Victor Harbour, and Queensland’s regional hub of Emerald. We asked experts and agents across the city for their tips for families on where to buy post-pandemic in the $750,000-$2m range. Melbourne COVID-19 housing downturn coming to an end. .gtFibK.gtFibK a{font-size:0.75rem;line-height:1rem;margin:0.75rem 0;font-family:"Museo-Sans-300","Helvetica Neue",Helvetica,Arial,sans-serif;font-weight:normal;color:black;}/*!sc*/ Melbourne property market forecast 2020. Since properties here are cheap it's likely an easy and safe option for a positively geared property. See how much you'll save by switching over to :Different. @media (max-width:767px){.fiRUpV.fiRUpV{-webkit-column-count:2;column-count:2;height:200px;}}/*!sc*/ Like its diverse community, the properties available here are just as varied, from apartments and family homes to renovated cottages. RELATED: Suburbs with biggest home price rises in 2020. Median house price Semaphore: $730,000 for houses, $325,000 for units; Average rental yield … Melbourne real estate is rapidly rebounding from a COVID-driven downturn, with buyers and sellers returning to the market in droves. And its appeal was “only going to broaden when the junior High School campus opens on Albert Street in 2021,” he said. realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. Australia's biggest share accommodation site, Melbourne’s next million-dollar suburbs revealed, Brighton beachfront dream home has pool and in-ground trampoline. 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