The 10 Cheapest Suburbs to Live in MELBOURNE: Reviewed and Ranked in 2024

Melbourne, a vibrant hub of culture and commerce, often presents a challenge when pinpointing the most affordable suburbs for residence. With soaring real estate prices and living costs, many Australians, especially couples and young professionals, find themselves wrestling with affordability and the daunting median dwelling prices. As a seasoned real estate professional, I’ve leveraged extensive data analysis and local insights to craft this guide, ensuring you can trust the recommendations based on sound research.

10. Frankston (Total Score: 58/100)

Frankston shines as a beacon for those seeking affordability without compromising on essential amenities.

Scoring Criteria:

• Median Dwelling Price: 7/10
• Access to Public Transport: 6/10
• Local Employment Opportunities: 5/10
• Schools and Educational Facilities: 6/10
• Crime and Safety: 5/10
• Retail and Dining: 6/10
• Healthcare Facilities: 5/10
• Parks and Recreational Areas: 7/10
• Community Vibe: 5/10
• Future Investment Potential: 6/10

Frankston, often underrated, offers a solid mix of affordability, accessibility, and amenities. With a commendable median dwelling price, robust public transport, and a variety of local schools, it’s an attractive option for those looking to stretch their dollar further. The suburb also boasts several parks and recreational areas, enhancing its appeal for families and active individuals. Recent initiatives to enhance local safety and retail options underscore its potential as an up-and-coming area.

Median prices for Frankston, VIC (3199), as of April 2024:

• Houses – $740,000
• Units – $495,000

House and unit data provided by, https://www.realestate.com.au/vic/frankston-3199/

For those who value community spirit alongside practicality, Frankston could be an ideal choice. Its growing investment potential and supportive local community make it suited for first-time home buyers and young families looking to establish roots without breaking the bank.

9. Dandenong (Total Score: 62/100)

Dandenong stands out for its cultural diversity and robust economic environment, making it a practical option for cost-conscious house hunters.

Scoring Criteria:

• Median Dwelling Price: 8/10
• Access to Public Transport: 7/10
• Local Employment Opportunities: 6/10
• Schools and Educational Facilities: 6/10
• Crime and Safety: 4/10
• Retail and Dining: 7/10
• Healthcare Facilities: 6/10
• Parks and Recreational Areas: 6/10
• Community Vibe: 6/10
• Future Investment Potential: 6/10

Dandenong’s affordability is complemented by its rich tapestry of cultures, offering a variety of dining and retail experiences that are hard to match. The suburb provides good access to public transport and local employment opportunities, making it a practical choice for professionals. Additionally, its healthcare and educational facilities are on the rise, reflecting the suburb’s growth and desirability.

Median prices for Dandenong, VIC (3175), as of April 2024:

• Houses – $685,000
• Units – $400,000

House and unit data provided by, https://www.realestate.com.au/vic/dandenong-3175/

Ideal for those who thrive in a dynamic and diverse environment, Dandenong recommends itself to individuals and families who appreciate a multicultural setting and seek a suburb with growth potential.

8. Broadmeadows (Total Score: 64/100)

Broadmeadows is recognized for its significant redevelopment efforts and improved infrastructure.

Scoring Criteria:

• Median Dwelling Price: 9/10
• Access to Public Transport: 7/10
• Local Employment Opportunities: 5/10
• Schools and Educational Facilities: 6/10
• Crime and Safety: 4/10
• Retail and Dining: 6/10
• Healthcare Facilities: 6/10
• Parks and Recreational Areas: 7/10
• Community Vibe: 7/10
• Future Investment Potential: 7/10

Broadmeadows attracts attention with its very affordable housing and a score of development projects enhancing its landscape. The suburb offers excellent transport links and a positive community vibe, which are increasingly drawing both young professionals and families. Its parks and educational facilities add to the quality of life here, while ongoing investments suggest a bright future.

Median prices for Broadmeadows, VIC (3047), as of April 2024:

• Houses – $555,000
• Units – $430,000

House and unit data provided by, https://www.realestate.com.au/vic/broadmeadows-3047/

This suburb is particularly suited to those looking for value for money and a suburb on the rise, making it an excellent choice for young couples and investors alike.

7. Werribee (Total Score: 67/100)

Werribee combines affordability with a rich array of lifestyle options, making it an attractive proposition for many.

Scoring Criteria:

• Median Dwelling Price: 8/10
• Access to Public Transport: 7/10
• Local Employment Opportunities: 6/10
• Schools and Educational Facilities: 7/10
• Crime and Safety: 5/10
• Retail and Dining: 7/10
• Healthcare Facilities: 7/10
• Parks and Recreational Areas: 8/10
• Community Vibe: 6/10
• Future Investment Potential: 6/10

In Werribee, the mix of affordable housing, good schools, and excellent recreational facilities provide a balanced suburban experience. The suburb’s growth in healthcare and retail sectors makes it more self-sufficient and attractive as a residential area. Additionally, the availability of larger property lots at reasonable prices is a bonus for those needing more space.

Median prices for Werribee, VIC (3030), as of April 2024:

• Houses – $612,500
• Units – $422,000

House and unit data provided by, https://www.realestate.com.au/vic/werribee-3030/

Suited for growing families and individuals looking for a suburb that offers both a community feel and modern conveniences, Werribee is an ideal spot for those aiming to get the most out of their housing budget.

6. Melton (Total Score: 69/100)

Melton is celebrated for its spacious landscape and community-oriented atmosphere, offering more bang for your buck.

Scoring Criteria:

• Median Dwelling Price: 10/10
• Access to Public Transport: 6/10
• Local Employment Opportunities: 6/10
• Schools and Educational Facilities: 6/10
• Crime and Safety: 5/10
• Retail and Dining: 7/10
• Healthcare Facilities: 7/10
• Parks and Recreational Areas: 8/10
• Community Vibe: 7/10
• Future Investment Potential: 7/10

Melton offers exceptionally affordable housing with a significant focus on community and outdoor activities. Its parks and open spaces are ideal for families and outdoor enthusiasts, while the community’s spirit and cohesiveness bring a warm, welcoming feel. Despite being somewhat remote, the ongoing development and improved amenities are making it increasingly popular.

Ideal for families and individuals seeking a quieter, more laid-back lifestyle, Melton offers the space and community feel often missing in more urban settings, making it a top choice for those looking to escape the city bustle.

Median prices for Melton, VIC (3337), as of April 2024:

• Houses – $477,000
• Units – $374,750

House and unit data provided by, https://www.realestate.com.au/vic/melton-3337/

5. Sunbury (Total Score: 72/100)

Sunbury strikes a perfect balance between rural charm and suburban convenience, making it a hidden gem for homebuyers.

Scoring Criteria:

• Median Dwelling Price: 9/10
• Access to Public Transport: 8/10
• Local Employment Opportunities: 6/10
• Schools and Educational Facilities: 7/10
• Crime and Safety: 6/10
• Retail and Dining: 7/10
• Healthcare Facilities: 7/10
• Parks and Recreational Areas: 8/10
• Community Vibe: 7/10
• Future Investment Potential: 7/10

Sunbury’s allure lies in its ability to offer a quiet, country-like setting with all the benefits of suburban life. Its excellent transport links to Melbourne CBD enhance its appeal, making it suitable for commuters. The suburb boasts strong educational facilities and healthcare services, making it more than just a place to live but a place to thrive.

Median prices for Sunbury, VIC (3429), as of April 2024:

• Houses – $660,000
• Units – $478,500

House and unit data provided by, https://www.realestate.com.au/vic/sunbury-3429/

Perfect for those who enjoy the serenity of rural living but do not want to compromise on accessibility and amenities, Sunbury is a standout choice for couples and families looking for quality of life at an affordable price.

4. Craigieburn (Total Score: 74/100)

Craigieburn is a fast-growing suburb known for its modern amenities and excellent infrastructure.

Scoring Criteria:

• Median Dwelling Price: 8/10
• Access to Public Transport: 8/10
• Local Employment Opportunities: 7/10
• Schools and Educational Facilities: 8/10
• Crime and Safety: 6/10
• Retail and Dining: 8/10
• Healthcare Facilities: 8/10
• Parks and Recreational Areas: 8/10
• Community Vibe: 7/10
• Future Investment Potential: 6/10

Craigieburn stands out for its modern touch and family-friendly atmosphere. The suburb offers a range of new housing developments at competitive prices, coupled with comprehensive amenities like shopping centers, parks, and schools. Its connectivity via public transport and the quality of local services make it an increasingly popular choice among young families and professionals.

Median prices for Craigieburn, VIC (3064), as of April 2024:

• Houses – $641,000
• Units – $420,000

House and unit data provided by, https://www.realestate.com.au/vic/craigieburn-3064/

Ideal for those seeking a vibrant, active community with all the trappings of a modern suburb, Craigieburn promises a dynamic lifestyle without the high costs associated with inner-city living.

3. Cranbourne (Total Score: 77/100)

Cranbourne is appreciated for its balanced residential environment and continuous development.

Scoring Criteria:

• Median Dwelling Price: 9/10
• Access to Public Transport: 7/10
• Local Employment Opportunities: 8/10
• Schools and Educational Facilities: 7/10
• Crime and Safety: 6/10
• Retail and Dining: 8/10
• Healthcare Facilities: 8/10
• Parks and Recreational Areas: 9/10
• Community Vibe: 7/10
• Future Investment Potential: 8/10

Cranbourne offers a high-quality lifestyle with its excellent parks and recreation areas, robust retail options, and solid educational facilities. The suburb is known for its good balance of residential and commercial spaces, providing ample employment opportunities. Recent developments and upgrades to infrastructure indicate a promising future for property values.

Median prices for Cranbourne, VIC (3977), as of April 2024:

• Houses – $658,975
• Units – $466,000

House and unit data provided by, https://www.realestate.com.au/vic/cranbourne-3977/

Cranbourne is well-suited to those who seek a suburb that offers growth and stability. It’s ideal for families and professionals alike, providing a community-focused environment with the potential for property appreciation.

2. Pakenham (Total Score: 78/100)

Pakenham is celebrated for its affordability, connectivity, and family-friendly amenities.

Scoring Criteria:

• Median Dwelling Price: 10/10
• Access to Public Transport: 8/10
• Local Employment Opportunities: 7/10
• Schools and Educational Facilities: 8/10
• Crime and Safety: 6/10
• Retail and Dining: 7/10
• Healthcare Facilities: 8/10
• Parks and Recreational Areas: 8/10
• Community Vibe: 8/10
• Future Investment Potential: 8/10

Pakenham’s strong suit is its exceptional value for money, offering some of the most affordable housing in the Melbourne area. The suburb is also well-connected by train and bus services, making it an excellent option for commuters. With numerous schools, parks, and a growing number of healthcare facilities, it’s an ideal place for families looking to settle down.

Median prices for Pakenham, VIC (3810), as of April 2024:

• Houses – $645,000
• Units – $485,000

House and unit data provided by, https://www.realestate.com.au/vic/pakenham-3810/

Perfect for first-time home buyers and those looking for a friendly, active community, Pakenham offers a promising future and a high quality of life at a reasonable cost.

1. Coburg (Total Score: 79/100)

Coburg tops the list with its blend of urban convenience and suburban peace, offering the best value for those seeking affordability in Melbourne.

Scoring Criteria:

• Median Dwelling Price: 7/10
• Access to Public Transport: 9/10
• Local Employment Opportunities: 8/10
• Schools and Educational Facilities: 10/10
• Crime and Safety: 7/10
• Retail and Dining: 10/10
• Healthcare Facilities: 9/10
• Parks and Recreational Areas: 9/10
• Community Vibe: 10/10
• Future Investment Potential: 9/10

Coburg strikes a perfect balance between cost and convenience, making it the most desirable suburb for those on a budget. It boasts excellent public transport links, a wide range of dining and shopping options, and high-quality healthcare facilities. The suburb also offers a vibrant community vibe and numerous parks, enhancing its appeal for both singles and families.

Median prices for Coburg, VIC (3058), as of March 2024:

• Houses – $1,200,000
• Units – $551,250

House and unit data provided by, https://www.realestate.com.au/vic/coburg-3058/

Ideal for those who wish to enjoy the perks of city life without the hefty price tag, Coburg presents an unbeatable combination of affordability, amenities, and atmosphere, making it the top choice for anyone looking to make Melbourne their home.

How I scored each suburb

In the following section, you’ll learn how each suburb was assessed using specific criteria to determine their overall affordability and livability.

Median Dwelling Price

The median dwelling price is a critical indicator of affordability. It represents the middle value in a list of home prices, providing a clear measure of what one might expect to pay when moving to a suburb. This metric is essential as it directly impacts a buyer’s budget and financial planning. A suburb with a median dwelling price so high that it’s only accessible to the top earners would score a 1, such as Toorak. Conversely, a suburb where housing prices are significantly below the city average, offering exceptional value for money, would score a 10; an example of this would be Melton.

Access to Public Transport

Access to public transport enhances mobility and connectivity, reducing the need for private transport and associated costs. It is a vital criterion for young professionals and couples who may rely on public transport to commute to work or leisure activities. A suburb scoring a 1 would have minimal to no public transport options, such as Clarkefield. In contrast, a suburb with extensive, reliable, and frequent public transport networks, like Footscray, would score a 10.

Local Employment Opportunities

The availability of jobs within a suburb or its immediate vicinity can significantly influence where people decide to live, especially for those looking to minimise commuting. A suburb with scarce job opportunities, leading to long travel times for work, would score a 1, like Warneet. A suburb bustling with varied employment opportunities, possibly hosting business parks or large shopping centers, would score a 10; an excellent example is Box Hill.

Schools and Educational Facilities

Quality and accessibility of educational facilities are crucial for families considering a move. A suburb with poorly rated schools or very few educational institutions would score a 1, for instance, Christmas Hills. A suburb with a range of highly-regarded schools and tertiary institutions, enhancing its attractiveness to families, would score a 10, such as Glen Waverley.

Crime and Safety

The perceived safety and actual crime rates in a suburb can greatly influence residential choice. A suburb known for high crime rates and poor community safety would score a 1, like Broadmeadows. On the other hand, a suburb with low crime rates and a strong sense of community security, such as Balwyn, would score a 10.

Retail and Dining

The availability of retail and dining options contributes to the quality of life and convenience in a suburb. A suburb with few to no restaurants or shops would score a 1, such as Rockbank. A suburb with a vibrant retail and dining scene, offering everything from daily necessities to luxury goods and gourmet dining, would score a 10; for example, Richmond.

Healthcare Facilities

Access to healthcare is a priority for many, particularly for families and the elderly. A suburb with no clinics or hospitals nearby would score a 1, such as Fawkner. Conversely, a suburb with multiple healthcare facilities, including hospitals, GP clinics, and specialist services, would score a 10, like Clayton.

Parks and Recreational Areas

Parks and recreational facilities are essential for quality of life, providing spaces for exercise, relaxation, and socialising. A suburb lacking green spaces and recreational facilities would score a 1, such as Tullamarine. A suburb with extensive, well-maintained parks and recreational facilities would score a 10, like Yarra Bend.

Community Vibe

A strong community vibe can make a suburb feel more like home and support networks. A suburb where residents report feeling disconnected from their neighbours would score a 1, such as Dallas. A suburb known for its community activities, friendly neighbours, and strong local identity would score a 10, like Fitzroy.

Future Investment Potential

This metric assesses the likelihood of a suburb’s growth in terms of real estate values and infrastructure development. A suburb with little to no potential for growth or development would score a 1, like Albion. A suburb poised for growth with upcoming projects and developments would score a 10, such as Sunshine.

My Research: Merging Data Analysis with Local Experiences

The journey to compile this comprehensive guide on Melbourne’s most affordable suburbs was rooted in a meticulous blend of quantitative data and qualitative insights. My research spanned several months, involving visits to each suburb, engaging with local communities, and attending real estate open houses. Data was gathered from a variety of reliable sources including the Australian Bureau of Statistics (ABS) for demographic and economic information, and real estate websites like Domain, CoreLogic and Realestate.com.au for up-to-date housing market data. This ensured a well-rounded understanding of each suburb’s current market conditions and future potential.

To enhance the depth of this guide, I also sought insights from local newspapers and community blogs, which often highlight subtle nuances about living in these areas that aren’t captured by statistics alone. For instance, the vibrant cafe culture in Coburg was palpable during my visits, with bustling spots like The Glass Den and True North offering a glimpse into the suburb’s lively community vibe. These local eateries and social settings provide a tangible feel of each suburb’s character, which statistics alone can’t convey.

Additionally, my discussions with local residents and business owners during visits to suburbs such as Sunbury and Pakenham provided invaluable perspectives on the community’s cohesiveness and future growth. In Sunbury, the welcoming atmosphere at local cafes like The Spotted Owl revealed a tight-knit community that values connection and support among residents. Meanwhile, in Pakenham, the development of new shopping centers and amenities was a topic of positive discussion among locals I met at the Pakenham Central Marketplace.

Ranking the suburbs involved not only analysing the raw data but also interpreting these qualitative insights to understand how each suburb could meet the needs of potential homebuyers. This approach ensured that the rankings reflected both the empirical affordability and the real-world livability of each area of Melbourne. 

In Conclusion

Navigating through Melbourne’s real estate landscape to find affordable living options has brought us to a diverse range of suburbs each offering unique advantages. Here’s a recap of the top recommendations:

1. Coburg (Total Score: 79/100) 
2. Pakenham (Total Score: 78/100) 
3. Cranbourne (Total Score: 77/100) 
4. Craigieburn (Total Score: 74/100) 
5. Sunbury (Total Score: 72/100) 
6. Melton (Total Score: 69/100) 
7. Werribee (Total Score: 67/100) 
8. Broadmeadows (Total Score: 64/100) 
9. Dandenong (Total Score: 62/100) 
10. Frankston (Total Score: 58/100) 

Each suburb featured in this guide has undergone a meticulous evaluation process to ensure they offer a harmonious balance between affordability and a quality living environment. This dual focus is crucial for anyone looking to make the most of their real estate investment while also ensuring their new home meets all their living needs. Whether you’re a young professional seeking vibrant nightlife and convenient transport, a couple looking for a quiet, family-friendly neighbourhood, or someone in search of a community with growth potential, our recommendations cater to a diverse range of preferences and needs. This careful consideration guarantees that our list of suburbs isn’t just about finding the cheapest place to live but about discovering where you will get the most value for your lifestyle.

If you’re considering moving or need personalised advice, a buyer’s agent can be invaluable. They provide tailored guidance, help navigate the property market, and ensure that you find a home that not only fits your budget but also matches your lifestyle needs. Utilising a professional residential buyer’s agent can make the process of finding the perfect home in Melbourne’s competitive landscape much smoother and more efficient.

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