Welcome to Melbourne, a city with character and charm, where each suburb has its own story to tell. If you’re looking to find the perfect place to call home, you’re in the right spot. In this guide, we will uncover some of Melbourne’s most sought-after suburbs, each with their own unique appeal.

From the trendy cafés and vibrant street art of Brunswick to the leafy, family friendly streets of Malvern, Melbourne offers something for everyone. Whether you’re a young professional chasing an exciting social scene or a family prioritising great schools and space, there’s a suburb here that fits your lifestyle.

Factors to Consider when Buying a Property

When contemplating buying real estate in Melbourne, one of the most crucial decisions you’ll face is selecting the right suburb. Each area offers a unique blend of characteristics, amenities and lifestyle opportunities. It’s essential to consider several factors before buying a property. First and foremost, your budget will always play a significant role. Property prices can vary drastically from one suburb to another, so it’s important to align your financial situation with your desired location.

If you’re unsure of where the right area is to purchase a home or investment, chat with a Melbourne buyers agent to see how we can help. I always advice buyers take a look at lifestyle preferences first as this will heavily influence your decision and is different for everyone. Do you prefer the city environment with trendy cafes and nightlife, or are you more inclined towards a quieter, family friendly atmosphere with parks and schools? Each suburb has its own identity, so researching local amenities, hotspots, and recreational areas will help you envision your life in the chosen suburbs. Understanding your priorities will lead you to areas that not only meet your needs but also enriches your living experience within Melbourne.

Brunswick

Median House Price: $1,270,000 | Median Unit Price: $590,000

Brunswick is only 5.1km distance to Melbourne CBD and has really gentrified within the last few years, attracting both young families and working professionals. Brunswick is a suburb that perfectly encapsulates Melbourne’s eclectic spirit. Known for its vibrant arts scene, the area is a haven for creatives and young professionals. Brunswick is home to a diverse mix of cultures, cuisines and experiences, making it a lively place to live.

Brunswick is a hub of endless amenities, offering an impressive array of cafés, restaurants, and bars to suit every palate. Whether you’re after a cozy brunch spot or a taste of global cuisine, the dining scene is as diverse as it is vibrant. The suburb is also home to boutique shops and bustling markets, perfect for uncovering unique finds and locally made treasures. With excellent public transport options, including trams and trains, Brunswick ensures seamless connections throughout the city.

Malvern

Median House Price: $2,800,000 | Median Unit Price: $730,000

Malvern presents a striking contrast to the urban vibrancy of Brunswick, offering a serene and family friendly environment. This leafy suburb is known for its picturesque streets lined with charming period homes and well-maintained gardens. Malvern is particularly appealing to families due to the proximity to excellent schools and a strong sense of community.

Malvern’s accessibility is another significant advantage, with efficient public transport links directly into Melbourne. The suburb’s train station connects residents to various parts of Melbourne, making commuting convenient for those who work in the CBD. The peaceful ambiance, coupled with a strong community feel, makes Malvern an ideal suburb for families and individuals seeking a more laid-back lifestyle while still being close to the city.

St Kilda

Median House Price: $1,300.000 | Median Unit Price: $520,000

St Kilda is a beautiful coastal suburb that offers a unique blend of beachside living and urban convenience. Known for its iconic beach, St Kilda foreshore is a popular destination for both locals and tourists. It boasts stunning views, a lively atmosphere and a range of recreational activities. The suburb is famous for its laid-back beach culture, making it an ideal choice for those who crave a coastal lifestyle while still being close to Melbourne CBD.

St Kilda boasts an array of parks and green spaces, such as the expansive Albert Park, which features walking and cycling tracks, sports facilities, and tranquil picnic spots.

South Yarra

Median House Price: $1,860,000 | Median Unit Price: $540,000

South Yarra is one of Melbourne’s most prestigious and sought-after suburbs, known for its luxury living, high end lifestyle. The area is characterised by its tree-lined streets, chic boutiques, beautiful architecture and sophistication. South Yarra attracts affluent residents and young professionals who appreciate the combination of style, convenience and culture that it offers.

Fitzroy

Median House Price: $1,700,000 | Median Unit Price: $760,000

Fitzroy is one of Melbourne’s most iconic and eclectic suburbs and it’s easy to see why buyers are drawn to the area. With a mix of historic terrace homes and modern apartments, Fitzroy offers something for everyone. Like a lot of Melbourne the area is known for its vibrant arts scene, busy nightlife and a lengthy choice of cafes, bars and restaurants. Brunswick Street and Gertrude Street offer a unique mix of boutique shops, vintage stores and local designers.

Yarraville

Median House Price: $1,1500,000 | Median Unit Price: $620,000

Yarraville is a pretty suburb that seamlessly blends old world charm with modern amenities, situated only 10km to Melbourne CBD. Known for its vibrant community and strong sense of identity, Yarraville boasts tree-lined streets, picturesque homes, and a friendly atmosphere that appeals to families and professionals alike. The suburb has retained its historical character, with many of its original buildings and local shops contributing to its unique charm.

Richmond Vic

Median House Price: $1,375,000 | Median Unit Price: $615,000

Richmond is a stunning suburb with more cafes, restaurants and cuisines than you can imagine. Bridge Road is lined with some of the best food options in the area, along with boutique stores. Richmond has a blend of original style cottages and modern apartments for both families and working professionals. There is a rich sense of culture throughout Richmond with many unique churches and architecturally designed buildings.

Check out our Nicest Suburbs in Sydney list.