Top 10 Highest Growth Suburbs in Melbourne, Victoria (2025)

Melbourne’s top growth suburbs in 2025 are a goldmine for buyers and investors. From Deepdene to Brooklyn, values will go through the roof.

Key drivers of growth are location, amenities and proximity to the Melbourne CBD. Affluent demographics and strong rental markets mean demand and value will continue to grow, making these suburbs perfect for long term investments.

2029 values show the potential for huge returns. Whether buying or investing, these suburbs are a must have for those looking to ride the Melbourne growth wave.

Please note that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly on our website, blogs , newsletters.

Deepdene 2025: Growth Ahead

Deepdene is an inner east Melbourne suburb that has been a standout in the Victorian property market.

As of 2024 the median house price in Deepdene is $3,500,000, up 16.24% annually.

This puts it in the top suburbs for value growth in Melbourne. 2025 forecasts suggest this will continue, with a 47% increase in median values by 2029.

If these predictions come to pass, the median house price in Deepdene could be around $4,065,000 in a few years.

Why Deepdene’s Market is Growing

Deepdene’s property market has been growing for years and here’s why:

Desirable Location

Deepdene is an affluent suburb.

It attracts high income professionals, business owners and affluent families who want the best of everything. According to the 2016 Census the median household income in Deepdene was $1,976 per week, way above the Victorian average.

This financial security in the community means there is always demand for quality housing and underpins the suburb’s value growth.

The suburb’s prestige is further enhanced by its limited housing stock which means demand always outstrips supply.

Close to the CBD

Just 10km east of Melbourne’s CBD Deepdene offers the perfect balance of convenience and tranquility.

Residents have access to the city but enjoy the quiet tree lined streets of Deepdene.

This location makes the suburb perfect for professionals working in the CBD and families who want a peaceful environment without sacrificing convenience.

The established transport infrastructure, train stations and bus routes nearby, adds to its appeal.

Amenities in Deepdene

Deepdene has a range of top quality amenities that support its strong market.

The suburb has excellent schools, Deepdene Primary School and Balwyn High School which are both of Melbourne’s best public schools.

Education is a key drawcard for families which means steady demand for homes in the area.

Deepdene also has parks, recreational facilities and a local shopping strip so residents have a complete and desirable lifestyle.

Deepdene Defies the Trend

Deepdene has been a standout in the market while the overall Melbourne market fell 2.1% in median house prices in 2024.

This shows the unusual dynamics of the suburb’s property market which is largely immune to the broader economic pressures due to its strong local demand and limited housing stock.

For example in 2024 Deepdene’s values went up significantly with the median price increasing more than many Melburnians’ incomes.

This growth means Deepdene is a great place to invest and live.

2025 Deepdene

The Australian property market is expected to slow down in 2025 with national house prices to grow around 3.8%.

But Deepdene is an outlier to this trend.

Limited supply and demand from high end buyers means Deepdene’s values may grow at a higher rate than average.

Deepdene for Investors

For investors Deepdene is a chance to get into a market that’s stable and long term growth.

Deepdene’s performance over the last 10 years shows its strength and ability to appreciate in value even in tough times.

Investors looking for high end properties with good yields and value growth should look at Deepdene.

The suburb’s demographics means there’s a steady pool of tenants for quality rental properties.

Families wanting access to Deepdene’s great schools and professionals who want to be close to the CBD will drive the rental market.

Buyers in Deepdene

Deepdene’s market has many opportunities but buyers and investors should be aware of the challenges of buying in a hot market.

Limited stock in Deepdene means competition among buyers can drive prices above expectations.

As one of Melbourne’s top suburbs entry prices can be too high for many buyers.

2025 and Beyond

Long term Deepdene is good.

Experts expect continued demand for housing in the area due to its prestige, proximity to the CBD and amenities.

As Melbourne’s population grows areas like Deepdene that have lifestyle, convenience and exclusivity will be in high demand.

The forecast 47% growth by 2029 is a reflection of this and Deepdene is a solid investment.

Buyers who get in today will benefit from big capital growth over the next few years.

Deepdene in Summary

Deepdene’s property market is a growth and stable gem in Melbourne’s property market.

With its high end demographics, prime location and great amenities it’s a good option for both buyers and investors.

While the broader market may slow in 2025 Deepdene is an outlier and will continue to grow in value.

If you’re looking to invest in Melbourne’s property market Deepdene is a chance to get into one of the city’s top and best performing suburbs.

With its growth and long term outlook Deepdene is one to watch in 2025 and beyond.

Portsea Real Estate 2025: Luxury Meets Prosperity

Portsea, the prestigious coastal suburb on Melbourne’s Mornington Peninsula is a top destination in Victoria’s luxury property market with exceptional growth, premium amenities and exclusive lifestyle.

As of 2024 the median house price was $4,250,000 with 13.7% annual growth. Forecast for 2025 is 40% growth by 2029 which would put the median house price at over $5,950,000.

Why Portsea’s Market is Booming

Several reasons why Portsea’s market is growing:

Portsea attracts high income families, retirees and professionals looking for premium homes or holiday homes. The $2,250 median weekly household income in 2021 shows its affluence and limited stock means strong demand.

Located 90km south of Melbourne Portsea offers coastal tranquility and city convenience. Beautiful beaches, ferry services and nearby urban amenities means those who want a peaceful retreat and access to Melbourne’s amenities.

Portsea has premium amenities like exclusive yacht clubs, world class golf courses, the Portsea Hotel and fine dining. Beautiful beaches and recreational options makes it a top tier luxury destination.

Market Resilience and 2025 Forecast

Portsea was resilient in 2024, bucking the 2.1% decline in the Melbourne market. Limited supply and strong demand for coastal luxury saw 9.4% annual growth in median prices.

In 2025 Portsea will beat Australia’s 3.8% growth. Its affluent demographic, consistent demand and investor interest in luxury holiday homes makes it a strong performer.

Long Term

Analysts expect Portsea’s prestige to continue to grow as demand for luxury holiday homes and Melbourne’s population grows. By 2029 its appeal will see significant value growth.

For buyers and investors looking for luxury coastal properties with stability and growth Portsea is the chance to get into one of Victoria’s most sought after markets.

Exclusive Holiday Rental Opportunity

Portsea’s tourism market is booming and creates strong demand for luxury holiday rentals. High net worth travellers are looking for premium accommodation and investors can get short term rental opportunities with consistent high returns all year round.

Brighton Real Estate 2025: Coastal Luxury Reimagined

Brighton, the affluent bayside suburb in Melbourne is the top of Victoria’s premium property market with exceptional growth, luxury amenities and lifestyle opportunities that attract buyers and investors.

As of 2024 the median house price was $3,850,000 with 12.2% annual growth. Forecast for 2025 is growth with property values to reach $5,000,000 by 2030 driven by strong demand and limited supply.

Why Brighton’s Market is Booming

Brighton’s enduring popularity is due to its high end demographic, prime location on Port Phillip Bay and world class amenities making it one of Melbourne’s most sought after suburbs.

The suburb attracts high income families, professionals and retirees looking for luxury homes or water front properties. With a median weekly household income of $2,800 Brighton’s affluent profile and limited stock means its a competitive market.

Just 11km from Melbourne’s CBD Brighton offers the best of coastal living and city convenience. Beautiful beaches, good public transport and proximity to employment hubs means high end buyers.

Market Resilience and 2025 Forecast

Brighton was resilient in 2024 bucking the broader market with strong demand for luxury coastal properties. Limited high end supply saw an 8.6% price gain, outperforming the city.

In 2025 Brighton will beat Melbourne’s 3.8% growth. With its prime location, affluent demographic and status as a premium investment hub it will be a strong performer even in tough times.

Long Term

Brighton’s market will grow steadily long term driven by its lifestyle appeal and high demand for bayside living. By 2030 its prestige and limited supply will keep property values growing.

For buyers and investors Brighton is a rare chance to get into luxury real estate in a high demand market with stability and growth.

Exclusive Holiday Rental Opportunity

Brighton’s tourism appeal means investors can get lucrative opportunities, bayside charm attracts high net worth travellers looking for luxury rentals and means consistent high returns all year round.

Brooklyn Real Estate 2025: Industrial Meets Urban

Brooklyn, Melbourne’s inner west industrial suburb is undergoing urban renewal and economic transformation. It offers investment opportunities across commercial, residential and mixed use properties with strong growth forecast for 2025.

In 2024 Brooklyn’s median house price was $850,000 with 8.5% annual growth. 2025 forecasts show further value growth with 10-12% increase in property values as demand increases.

Why Brooklyn’s Market is Booming

Brooklyn is booming due to its location, urban amenities and transformation into a mixed use precinct, attracting diverse residents. Its appeal to investors and homebuyers continues as it develops and gets busier.

Brooklyn is 10km from Melbourne’s CBD, attracting young professionals, families and first home buyers. Affordable lifestyle and rising median household income of $1,050 means ongoing demand for housing and real estate.

Urban renewal is transforming Brooklyn, redeveloping industrial sites into residential, commercial and mixed use properties. Its connection to major roads and improving transport links means it’s getting more accessible and more growth.

Market Resilience and 2025 Forecast

Despite the broader market challenges in 2024 Brooklyn’s transformation into a mixed use hub saw a 6.8% price increase, it’s showing resilience and laying the foundation for future investments.

Brooklyn will beat Melbourne’s market in 2025. Ongoing residential and commercial development and its industrial heritage and urban appeal means continued growth for investors, developers and homebuyers.

Long Term

Analysts say Brooklyn will benefit from Melbourne’s urban growth, with surrounding industrial redevelopment and population and commercial growth supporting long term growth for the suburb’s property market.

Brooklyn’s popularity in Melbourne’s inner west and residential and commercial demand will drive growth beyond 2025. Developers are focusing on mixed use developments so long term growth.

Industrial and Commercial Investment

Brooklyn’s revitalised industrial areas offer strong investment opportunities especially for warehouses, distribution centres and commercial properties. As a central business hub demand for warehouse and logistics space in Melbourne’s inner west will drive growth.

Yarra Glen Real Estate 2025: Charm and Growth

Yarra Glen in Melbourne’s Yarra Valley is a mix of rural charm and rising property values. Its uniqueness and proximity to Melbourne makes it an investment opportunity in 2025.

As at 2024, Yarra Glen’s median house price was $880,000 with 6.2% growth. By 2029 it’s projected to increase by 25% so the median price could be around $1.1 million soon.

Yarra Glen’s Market is Hotting Up

Yarra Glen’s appeal is in its scenery, proximity to Melbourne and growing demand for rural properties. With beautiful views and strong local amenities it’s attracting everyone from buyers to investors.

The region is for those who want a peaceful lifestyle without sacrificing accessibility. As at 2021 the median household income was $1,200 per week so demand for quality semi rural living is increasing.

Known for its vineyards, wineries and natural reserves Yarra Glen is becoming more popular for buyers who want tranquility but still within easy reach of Melbourne’s city life and amenities.

The town has boutique shopping, gourmet dining and outdoor recreation so it’s a great place for those who want to relax and adventure. Its community life adds to its property market prospects.

Market Resilience and 2025 Forecast

Despite market fluctuations Yarra Glen has had steady property value growth. This stability makes it an attractive option for investors as demand for rural homes with space will increase significantly in 2025.

Yarra Glen will beat the Australian market in 2025 with property prices expected to rise above the 3.8% national growth. Lifestyle homes will drive further growth.

Long Term

Yarra Glen will grow with Melbourne’s urban sprawl as people migrate to its quieter more affordable areas. Its semi rural appeal will deliver long term growth so it’s a great asset for buyers and investors.

Weekend Getaway Potential

Yarra Glen’s tourism driven demand provides great opportunity for holiday rental investments. Its proximity to wineries and natural beauty means demand for weekend stays so investors will get steady returns from the growing short term rental market.

Please note that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly on our website, blogs , newsletters.

Ivanhoe Real Estate 2025: Timeless Style and Urban Growth

Ivanhoe is a sought after suburb in Melbourne’s north east. It has timeless style and modern convenience. Its growth potential, lifestyle and demand make it a hot spot in the Victorian residential market.

As at 2024 Ivanhoe’s median house price was $1,880,000 with 6.3% annual growth. By 2029 it’s forecast to increase by 20% so the median price will be above $2,250,000. Steady growth.

Why Ivanhoe’s Market is Booming

Ivanhoe attracts families, professionals and investors who want lifestyle and investment opportunities. Its heritage homes, green spaces and proximity to Melbourne makes it a great option for all types of residents.

Ivanhoe has a median weekly income of $2,100 so it attracts high end buyers and renters. Its big homes, top schools like Ivanhoe Grammar School and Heidelberg Primary and suburban lifestyle means consistent housing demand.

10km from Melbourne’s CBD Ivanhoe has urban convenience, great public transport and peaceful living. These factors make it more popular with buyers and renters seeking a balanced lifestyle.

Market Resilience and 2025 Forecast

Ivanhoe’s market was resilient in 2024 and outperformed Melbourne. Demand for family homes and long term growth delivered 6.3% annual growth so it’s still strong and popular.

In 2025 Ivanhoe will beat the national growth average of 3.8%. Consistent housing demand, balanced supply and its great location makes it a high performing long term investment market.

Long Term

Melbourne’s northern suburbs will keep Ivanhoe’s charm with its character homes, local amenities and connectivity. Forecasts are for steady growth in the suburb so it will remain popular with buyers and investors.

If you want stable growth, suburban living and close to the city Ivanhoe is the place. Investors can rely on continued value growth due to its prestige and growing infrastructure.

Weekend Getaway Potential

Ivanhoe’s demand for family homes, prestige location and proximity to Melbourne’s CBD means great potential for long term rental returns for investors looking for steady yields.

Warranwood Real Estate : Peaceful Suburban Living with Growth

Warranwood is a lovely eastern Melbourne suburb that has peaceful family living and growth. It has potential for capital growth and steady demand so a peaceful retreat close to the city.

Warranwood’s Market is Booming

Warranwood’s growth is driven by its proximity to main roads, local schools like Warranwood Primary and Yarra Valley Grammar and green spaces. Families, professionals and downsizers are looking for big homes and connected living.

Warranwood’s demographics show steady growth potential with a median household income of $129,700 in 2021. With stable growth and increasing demand the suburb is popular with investors and residents.

28km from Melbourne Warranwood has city convenience and suburban peace. Green spaces, good schools and local shops means it’s the perfect environment for growing families and long term residents.

Warranwood has great local amenities like walking trails, good schools and Eastland Shopping Centre. So whether you want peace or city living it’s the perfect place for homebuyers.

Market Resilience and 2025 Forecast

Despite Melbourne’s market woes Warranwood grew 7.3% in 2024. Strong demand, family focus and steady growth means it will be an investment in 2025 and beyond.

In 2025 Warranwood will beat Melbourne’s 3.8% growth due to demand for big homes and key amenities. Growing interest from investors and buyers means growth, capital growth and resilience long term.

Long Term

Analysts expect steady growth in Warranwood due to high demand for big, family homes. As Melbourne’s population grows Warranwood’s growth and development will benefit buyers and investors.

By 2029 Warranwood’s family friendly reputation will mean big price growth. The area will be popular for those who want suburban peace with city convenience so it will be a long term investment opportunity for buyers.

Suburban Rental Demand

Warranwood’s family appeal means steady rental demand especially for big, well maintained homes. The area’s lifestyle, amenities and connectivity means good prospects for investors in the rental market.

Glen Waverley Real Estate : Growth, Convenience, Family Appeal

Glen Waverley is a popular eastern Melbourne suburb with a growing market and good amenities for families and professionals. In 2025 it will grow big time

In 2024 the median house price was $1,600,000 with 10.1% annual growth. By 2025 it’s projected to grow 15% so the median will be around $1,840,000 in 5 years.

Glen Waverley’s Market is Booming

Glen Waverley’s popularity is driven by family friendly features like top schools like Glen Waverley Secondary College and Wesley College, public transport, shopping centres and consistent demand for quality homes.

With a median household income of $1,850 per week Glen Waverley is a stable, affluent community. Limited supply and ongoing demand for properties means strong market conditions and steady growth.

20km from Melbourne CBD Glen Waverley has good public transport with trains, buses and the Monash Freeway. Perfect for commuting professionals.

Market Stability and 2025 Forecast

In 2024 Glen Waverley grew 4.3% despite Melbourne’s overall market decline. Demand for family homes and premium amenities means it will be stable through 2025.

2025 forecast says Glen Waverley will grow above the national average driven by demand for homes and rentals. Ongoing infrastructure upgrades including transport and retail will make it more attractive and long term growth.

Long Term

The suburb will continue to grow as Melbourne’s population grows and suburban living demand. Glen Waverley’s accessibility, schools and family appeal means long term capital growth and growth over the next 10 years.

By 2029 Glen Waverley will be growing in value. Driven by urbanisation, infrastructure and family demand the suburb is a long term investment opportunity with steady growth.

Affordable Rental Demand

With high demand from young professionals and families Glen Waverley’s rental market is strong. Properties near transport hubs, shopping centres and good schools are still yielding good returns for investors.

McKinnon Property Market in 2025: Suburban Chic and Growth

McKinnon is a established suburb in Melbourne’s south east and is still attracting the discerning buyer and investor with growth and good amenities means long term investment and community living.

In 2024 the median house price was $1,850,000 with 8.2% annual growth. 2025 projection says it will grow further and by 2029 it will be $2,125,000.

McKinnon’s Market is Booming

McKinnon’s growth is driven by its location, proximity to top schools like McKinnon Secondary College, good public transport and a lively community so it’s popular with buyers and investors.

McKinnon is for families, professionals and retirees because of its great school district including McKinnon Secondary College. Its affluent demographic means strong demand for homes with a median weekly income of $1,850.

17km from Melbourne CBD, McKinnon has transport links including McKinnon Railway Station and beautiful parks, green spaces and a quiet suburban lifestyle.

Market Resilience and 2025 Forecast

In 2024 McKinnon outperformed Melbourne with 7.4% growth in median house prices. This was driven by strong demand and limited supply so McKinnon will grow.

In 2025 McKinnon will grow above Melbourne’s 3.8% growth. It’s proximity to Melbourne’s business districts and good schools means it will still be an attractive investment with good returns for investors.

Long Term

Long term McKinnon will grow in value driven by family demand and more amenities. By 2029 prices will growth significantly and McKinnon will be an investment.

McKinnon being a family suburb means property values will go up. Strong demand for homes combined with good schools and easy commute will drive long term growth for this suburb.

Exclusive Rental Opportunity

McKinnon’s family nature and high demand for homes means a rental bonanza. Investors in McKinnon get long term stable rental income with good yields due to consistent demand.

Mitcham Real Estate 2025: Suburban living with Urban convenience

Mitcham in Melbourne’s east is a growing suburb with a mix of suburban charm and city convenience making it a great place to live and invest in 2025.

As of 2024 the median house price was $1,150,000 with 9.3% annual growth. 2025 forecast is 12% growth so the median price could be over $1,290,000 by the end of the year.

Why Mitcham’s Market is Hot

Several factors are driving Mitcham’s growth, family friendly atmosphere, good amenities and strong public transport. So it’s a great place for buyers and investors.

Mitcham appeals to young families, professionals and downsizers looking for suburban tranquility and urban convenience. Its solid economy with a median weekly income of $1,250 means sustained home demand.

22km from Melbourne CBD, Mitcham has great transport links via the Eastern Freeway and train station so easy commute and still retains its suburban charm attracting a variety of buyers.

Market Stability and 2025 Forecast

Despite the overall market decline in 2024, Mitcham held up with 6.4% growth in median prices. So it can withstand the ups and downs of the suburban Melbourne market.

2025 Mitcham will outperform the Melbourne market with 5-6% growth. Demand for its family homes, amenities and convenience will keep growing and attracting buyers and investors.

Long Term Investment

As Mitcham’s population grows its long term potential is strong. Ongoing development of surrounding infrastructure including new commercial hubs and transport upgrades will support increasing property values in the years to come.

Mitcham will be a strong investment option due to its family and young professionals appeal. The suburb will keep growing property values over the next 10 years.

Emerging Rental Demand

High tenant demand from young families means Mitcham’s rental market is booming. Being close to Box Hill means sustained interest and good rental returns for investors.

Please note that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly on our website, blogs , newsletters.

FAQs

Which Melbourne suburbs are growing the most in value?

Suburbs like Portsea, Deepdene, Toorak and Brighton are the top performers in Melbourne’s value growth due to their prime locations, affluent demographics and strong demand driven by luxury lifestyle.

Portsea has the beaches, Deepdene has the elite school zones and city proximity. Brighton and Toorak have high income buyers so growth is strong in all market conditions.

What are the top 10 suburbs in Melbourne growing the fastest?

Melbourne’s fastest growing suburbs are Portsea, Deepdene, Brighton, Toorak, Hawthorn, Balwyn, Kew, Fitzroy North, Coburg and Footscray. These suburbs have high demand from buyers looking for amenities and long term growth.

Balwyn and Kew have great schools, Footscray and Coburg have urban renewal, Fitzroy North has the lifestyle so demand is strong across all markets.

How has the market changed in Melbourne’s high growth suburbs recently?

High growth suburbs have had more buyer competition due to low stock and high population demand. This has driven stronger growth than the overall Melbourne market which is moderate.

Also sustainability, premium housing demand and targeted infrastructure projects have changed these suburbs so they are now Melbourne’s most desirable and resilient investment markets.

Are there affordable suburbs in Melbourne with growth?

Outer suburbs like Werribee, Wyndham Vale, Tarneit and Cranbourne have affordability and growth. Improving infrastructure, new housing estates and emerging employment hubs make them attractive to families and first home buyers.

These suburbs have a balanced lifestyle with modern amenities and proximity to transport corridors. Strategic developments are positioning them as good investment options for value and capital growth.

What are the factors that drive growth in certain Melbourne suburbs?

Proximity to employment hubs, infrastructure and quality education options are key to Melbourne suburbs growth. High population growth and low stock further fuels demand in the hot spots.

Prestige suburbs grow due to their reputation and lifestyle. Emerging areas grow due to urban renewal projects, transport upgrades and affordability compared to inner city.

How do infrastructure developments impact suburb growth in Melbourne?

Infrastructure developments like new train lines, road upgrades and amenities increase suburb accessibility and liveability. These developments attract buyers and investors and drive up property values in connected suburbs.

Projects like the Melbourne Metro Tunnel and West Gate Tunnel drive demand in surrounding areas by reducing commute times making these areas more attractive to families, professionals and investors.

Which Melbourne suburbs have seen the biggest rental yield increases?

Suburbs like Footscray, Sunshine and Werribee have seen the biggest rental yield increases. Urban renewal projects and public transport upgrades have increased tenant demand and returns for property investors in these areas.

Rental yields increase as student populations, young professionals and new migrants are attracted to these suburbs for affordability and proximity to universities, cultural precincts and industrial employment zones.

How does population growth impact Melbourne’s suburb property markets?

Population growth creates more housing demand, and property prices rise in many Melbourne suburbs. Families and migrants head to areas with good amenities and that’s creating competition and driving overall growth.

This is turning outer suburbs into vibrant communities with developers building infrastructure and housing. Central and high growth suburbs have sustained migration and growth across all property types.

What are the emerging suburbs to watch for future growth?

Emerging suburbs like Wyndham Vale, Mickleham, Rockbank and Clyde North have strong growth potential due to massive housing developments, affordability and planned infrastructure upgrades making them good options for families and investors.

These areas have future focused upgrades including schools, shopping centres and transport networks and population and investor interest is growing. Growth in these suburbs is in line with the broader urbanisation of Melbourne’s outer ring.

How do school zones impact property growth in Melbourne suburbs?

Access to top schools like Balwyn High or McKinnon Secondary drives property values in Melbourne. Families are competing for homes in the desired catchment areas and that’s creating strong demand and price growth.

School zone prestige creates long term demand and attracts owner occupiers and investors. Properties close to the sought after schools tend to maintain value growth even during the broader market slowdowns.

Are there any government initiatives driving growth in certain Melbourne suburbs?

Government programs like the Victorian Government’s Big Build and investment in public infrastructure is driving growth in suburbs like Footscray, Werribee and Point Cook by making them more accessible.

Concessions like tax and infrastructure spending is focused on both inner and outer suburbs so there are revitalisation projects and development of key urban areas and residents and businesses are moving in.

How does being close to the CBD impact suburb growth in Melbourne?

Suburbs closer to Melbourne’s CBD grow faster due to their accessibility, lifestyle amenities and work opportunities. Areas like Richmond and Carlton benefit from this proximity.

Being close to the CBD attracts more investment, consistent demand and sustained value growth. Public transport accelerates these growth trends by making it more convenient and liveable for those who work in the city.

What are the risks of investing in high growth suburbs in Melbourne?

Investing in high growth suburbs can expose you to more market volatility. Price growth may slow down and then stabilise and there may be less growth or even corrections in the future.

Also over supply of housing or external economic shocks can disrupt the growth projections. But with proper research, due diligence and diversification you can mitigate the risks when targeting high demand areas.

How do high growth suburbs in Melbourne compare to others in Australia?

Melbourne’s high growth suburbs outperform others in Australia in terms of median price growth and rental yield. Compared to Sydney or Brisbane Melbourne’s outer suburbs are more affordable.

Other cities may have faster short term booms but lack the long term growth that Melbourne’s connected or established areas have. Market size, infrastructure investment and Melbourne’s diverse economy is the key to its advantages.

What’s the forecast for the Melbourne property market in 5 years?

Melbourne’s property market is expected to grow at around 3-5% per annum. The city’s growing population and ongoing infrastructure projects will drive demand across the key suburbs.

The market may face short term challenges from interest rate fluctuations but growth will occur in inner ring suburbs, new areas and some outer suburbs driven by regional diversification.

How do amenities and lifestyle factors drive growth in Melbourne suburbs?

Amenities like parks, cafes, schools, shopping hubs and entertainment options make the suburb more attractive and drive growth. Suburbs that offer diverse lifestyle options like beaches or cafes will attract residents who are willing to pay a premium.

In high demand suburbs, additional amenities gives you an edge and attracts more investment and higher property values. Communities with recreational facilities and active social infrastructure becomes the central hub of residential destinations.

Which outer Melbourne suburbs are growing hotspots?

Suburbs like Cranbourne, Dandenong and Melton are hotspots in Melbourne’s outer regions driven by affordability, big infrastructure projects and the continued development of residential areas and transport networks.

More investment in shopping centres, hospitals and schools is making these areas more attractive to growing families and investors looking for value beyond the CBD.

How does public transport impact suburb growth in Melbourne?

Public transport is key to suburb growth, providing convenient and affordable access to the CBD and other destinations. Suburbs with good transport options like Preston and Sunshine see higher property demand.

Investment in new railway stations, tram lines and bus routes creates commuter friendly areas, reduces travel time for residents and improves overall livability which attracts more buyers and renters to the suburb.

What’s the role of employment hubs in Melbourne suburbs?

Employment hubs like business districts, research precincts and industrial zones drive suburban growth by attracting workers who want to be close to their work. Areas around these hubs like Port Melbourne thrive.

As employment clusters grow they drive demand for housing and local amenities. Suburbs near established or emerging job centres are seeing higher property growth because of their accessibility and work life balance.

How have past trends shaped the current high growth suburbs in Melbourne?

Past trends show that suburbs near major infrastructure corridors like roads and rail links have steady growth. Early investment in these areas along with demographic changes created growth corridors in Melbourne.

And gentrification of previously underutilised areas has driven the growth of inner city and semi rural suburbs. Ongoing development and long term planning has kept these areas competitive for a long time.

Originally Published: https://www.starinvestment.com.au/highest-growth-suburbs-melbourne-victoria-2025/