23/06/2026
Melbourne is not one market. It's dozens of distinct submarkets, and not every suburb will benefit equally from the recovery.
Here's the framework we use when assessing where to buy.
Owner-occupier demand. Suburbs where most buyers are purchasing to live tend to hold their value through softer periods and recover more strongly. That stability creates a floor under prices.
School zones. Consistent, motivated demand that doesn't disappear when sentiment softens.
Land content. In established suburbs within 15 to 25km of the CBD, land is finite. It builds value in ways higher-density alternatives can't replicate.
Infrastructure investment. The suburbs benefiting from new connections today are the ones whose convenience premium gets priced in tomorrow.
Relative affordability within a desirable corridor. When buyers get priced out of the premium end, they move one or two suburbs out. Those suburbs tend to benefit disproportionately.
Right now, Bayside, the inner east, and parts of the inner north and west all fit this framework in different ways and at different price points.
What to be cautious about: oversupplied apartment markets, outer growth corridors with limited infrastructure, and anything that's cheap primarily because of a structural flaw.
Value in property is not the same as cheap.
Is there a specific Melbourne suburb you're weighing up right now?
Drop it in the comments and I'll share our honest read on it.
