Emigrate to Australia: Melbourne house prices05 December 2016 by News Desk
Emigrate to Australia where the average cost of buying a house in Melbourne is $693,886.
Emigrate to Australia where a house within 10km of Melbourne city centre will cost you an average of $700,000.
Further outside Melbourne city centre, only three suburbs within 20km of the CBD now have average house prices below $400,000.
Melbourne’s average house price of $693,886 is $300,000 cheaper than Sydney where there are only two suburbs left within 20km of the central business district with average prices below $800,000.
With an average price of $284,915, the suburb of Melton, 34km west of the city centre, is the cheapest place to buy a house in Melbourne.
If you’re planning to emigrate to Australia to live in Melbourne, the Hume district – Coolaroo (average price $338,598), Dallas ($346,688), Meadow Heights ($379,207) and Broadmeadows ($404,546) – offers the best value houses 20km from the city centre.
Emigrate to Australia: Melbourne house prices
If you’re planning to emigrate to Australia to live in Melbourne, the Maribyrnong area offers four of the five most affordable suburbs within 10km — Braybrook ($613,399), Maidstone ($697,649), West Footscray ($763,177) and Footscray ($774,319).
Albion, 13km west, is the cheapest suburb in which to buy a unit in Melbourne with an average price of $230,454.
Within 10km of the city centre, units in Kingsville are the cheapest at $363,296 followed by West Footscray ($372,646), Carlton ($381,544) and Travancore ($389,321).
Property Prices in Melbourne
Houses within 10km of the CBD:
Braybrook: median value $613,399
West Footscray: $763,177
Houses within 20km of the CBD:
Coolaroo: median value $338,598
Meadow Heights: $379,207
Units within 10km of the CBD:
Kingsville: median value $363,296
West Footscray: $372,646
Units within 20km of the CBD:
Meadow Heights: $296,404
St Albans: $327,917
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