Determining the “best value” suburb within 10km of Melbourne’s CBD can depend on various factors such as the property type, size, location, and the current state of the housing market. However, there are a few suburbs that are often considered to offer good value for money in terms of location and property prices.
One suburb that is often considered to offer good value within 10km of Melbourne’s CBD is Footscray. This inner-western suburb has a diverse population and is known for its vibrant food and culture scene. As of September 2021, the median house price in Footscray was approximately AUD 1.05 million, while the median unit price was around AUD 490,000, making it relatively affordable compared to some other suburbs in the area.
Another suburb worth considering for good value is Brunswick. This inner-northern suburb is popular with young professionals and has a lively atmosphere, with plenty of cafes, bars, and shops. As of September 2021, the median house price in Brunswick was around AUD 1.4 million, while the median unit price was approximately AUD 575,000.
Other suburbs that may offer good value within 10km of Melbourne’s CBD include Richmond, West Footscray, and North Melbourne. It’s always a good idea to work with a local real estate agent who can provide insights into the local market and help buyers find the right property at the right price.
Author: Mr.Oz
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