🏠, Where Are Melbourne's First Home Buyers Finding Affordable Homes?

Published: Sat, 11/16/24

Updated: Sat, 11/16/24

Hi ,

While most Australians aren't finding it any easier to buy a home, mostly due to the skyrocketing cost of living and house prices and mortgage interest rates remaining stubbornly high, a recent study by PropTrack indicates there are a few affordable hotspots if you know where to look.

The latest data from PropTrack shows the ten most in-demand suburbs across Australia experiencing enquiries from first home buyers. And of those ten popular suburbs, six are in the greater Melbourne area.

Tarneit, with a median house price of $650,000, experienced the highest volume of enquiries from first home buyers followed by Greenbank in Queensland then Point Cook in Victoria, which has a median house price of $750,500.

Properties in Truganina, Werribee, Hoppers Crossing and Clyde North also received high numbers of buyer enquiries, rounding out the top ten locations that first home buyers are interested in, Australia wide.

Median house prices in those locations range from between $616,000 to $725,500, providing affordable options for first home buying.

Looking to buy or sell a property in Melbourne or Tasmania? Ask about our vendor advocacy service where we provide you with trusted impartial advice and guidance, and MAKE IT EASY to enjoy a smooth and easy pathway to selling your home.

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Where Is Wendy Speaking Next?

Tune in on Friday 13th December at 1:00pm to listen to Wendy wrap up this year in real estate with Vilma Formosa on NorthWest FM's Midday Panorama Show.

Click Here To Listen

If 2025 is going to be your year for buying property, you need to get on board with our new-look Get Started In Property program, launching soon.

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What Our Happy Clients Have To Say...

We love hearing what our happy clients have to say about their experiences with Chamberlain Property Advocates. We helped Roslyn and Paul sell a home. Here's what they had to say:

"We’ve been working with Wendy to sell our house. It’s been a pleasure working with Wendy. She’s helpful, negotiating with the new purchasers has made life a dream for us. Wendy’s been supporting us with phone calls, text messages, everywhere with us. Highly recommend Chamberlain’s to help you if you’ve got to buy or sell property."

"Working with a sellers advocate has really helped us, because trying to negotiate through a real estate agent as busy working professionals, we didn’t have the time to do it. Having Wendy support us and work with the real estate agent saved us a lot of time and stress which is really important when you’re trying to sell an asset. We’re very happy."

Roslyn and Paul

At Chamberlain Property Advocates, we find it immensely satisfying working with buying and selling clients alike. Let us help you too!

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Wendy's Tips

Let's talk about doing your due diligence as a buyer. That means doing your homework before making an offer or bidding at auction.

You have familiarised yourself with what similar homes in that neighbourhood are selling for, you've obtained finance approval from your lending institution, and you have obtained a report from a building inspector.

And last but definitely not least, you have had the contract checked before you proceeded with purchasing the property. There's lots of gotchas that can appear in a contract and a good solicitor or conveyancer will be able to review the contract for you and let you know whether you've got the green light to go ahead and buy that property.

Need a hand? Give us a call.

Wendy Chamberlain, Buyer's Advocate

Wendy In The Media

Wendy was back speaking with Vilma Formosa on NorthWest FM's Midday Panorama Show on Friday 15th November. Did you catch it? Too good to miss!

Listen In

Seeking the support and guidance of a buyers or sellers advocate is always a good idea. We help to take the stress out of buying and selling property! It always pays to have an expert in your corner.

Please call the office on 03 9686 2288, book a time to chat here or send an email to enquire@wendychamberlain.com.au and we can make a time for a confidential chat. Obligation free!

We'd love to help and make things easy for you too.

With gratitude,

GPO Box 2000
Melbourne VIC 3001
AUSTRALIA

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