These lesser-known ‘burbs offer better value than their premium priced neighbours – and some can save you hundreds of thousands. See the list. HSunRealestate ChristinaKarras
Ray White chief economist Nerida Conisbee said Bellfield, in Melbourne’s northeast, was an ideal alternative for families priced out of its premium surrounds.
“There’s often that ripple effect when people start moving on to the next and Bellfield is seeing a lot of new builds.” She also suggested Kingsbury, in proximity to La Trobe University, and Gowanbrae, a “very small” but “quite central suburb” near Essendon Fields, as overlooked suburbs that still had median house prices of less than $1m.105 Wilson St, Princes Hill sold for $2.71m in May this year.
The family-friendly area is close to leafy Warrandyte and reaps many of the same benefits, but has a $1.11m median house price – $370,500 cheaper than its premium sister suburb.
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