Melbourne- Perception of suburbs.

G'day y'all

I've been playing around with reiv map location and price points, and decided to write down areas that are either surrounded by areas with a higher price points, and areas bordering a higher price point.

Feel free to look at the map location to follow which show price points/recent growth for those that don't know the areas.
REIV - Median Prices

Wanted to ask everyone's opinion on how you perceive the below areas as a place to live, or an investment choice. If you could state why you like the area over others that would be great. Perhaps it's because you like the vibrancy of one suburb, or the safety of community, or better cashflow return if investment.

I would like to work out which areas below would be perceived better over others.
I have not taken into consideration suburb profiles such as household earnings, vacancy rates, supply/demand or anything like that. This is more a feel for what people like for what ever reason you want and why.


Altona meadows


Braybrook


Hadfield
Fawkner


Heathmont
Wantirna
Heathmont
Bayswater
Boronia
Ferntree Gully
Knoxfeild
Wheelers hill


Heidelberg west


Chelsea
Seaford


Mitcham
Vermont
Forest hill
Blackburn south
Burwood east


Moorabbin
Highett
Cheltenham
Mentone.

 

Can't find the edit button, but would like to put warrandyte in there as well.

 

Ok this is totally imo based on living in melbourne and not based off any research or data.

Altona meadows - Newer suburb, reasonably nice for a south western suburbs but check soil (don't quote me on this). There's a train line in the vicinity. I think traffic esp on the freeway will be a ***** in the peak hours.

Braybrook - dodgier suburb, lower income, gentrifying?
Hadfield - as above. Multicultural
Fawkner - as above. Multicultural

Heathmont
Wantirna
Heathmont
Bayswater
Boronia
Ferntree Gully
Knoxfeild
Wheelers hill
^ all quite good areas. You would probably buy here if you can't afford anything closer to the city. Middle class. Westfield Knox that has plans to develop. Average schools, there's a few catholic and private schools in the area

Heidelberg west. Bad rap area. In between lower socio-econ to the west (reservoir) and very high income to the south (ivanhoe) but prices have been pushed up due to proximity to city and by neighbouring suburbs

Chelsea
Seaford
- nice seaside suburbs, not too familiar with the area.

Mitcham
Vermont
Forest hill
Blackburn south
Burwood east
- very good areas but expensive, lots and lots of asians living here because of this.


Moorabbin
Highett
Cheltenham
Mentone
- Close to beach, pretty good areas. Large Westfield in area, and a small airport in Moorabbin

 

Heidelberg West has good pockets and bad pockets. You have to be very careful here because parts of it are dreadful!

Exclusive data obtained from Victoria Police reveals Williams Landing, Ardeer and Heidelberg West hold the unwelcome mantle of suburbs with Melbourne's highest burglary rates, with about one in thirty homes being hit in each last year.
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http://www.theage.com.au/victoria/o...rth-hotspots-for-thieves-20141004-10q903.html

In the good areas though, prices really boomed late last year. In November last year, this place sold for $1,170/sqm. IMO, that is incredible for Heidelberg West.

Sold Price for 14 Lae Street Heidelberg West Vic 3081

​

 

good idea, I would also look at what areas from your list have risen the most, pick top 5 and see what's happening with the surrounding areas, if they have started moving, find out when? you are looking for shorter time frame, and you may be on a winner

 

Am trying to locate that short video that was recently released indicating year on year growth map. Do you remember it?

 

no, not seen this,

 

Current price point map. Will add the other years soon to compare how prices have moved over the years.

 

Median house price changes in June quarter.

 

2014


2015
2016





Can't seem to locate that video as yet, but these show the last 3 years of movement. Also like to mention, this no edit thing is really annoying @Simon Hampel.

 

I agree, though even the really dodgy parts have shot up to insane prices!

 

Altona meadows: Near freeway. No train station. Limited schools and shopping. Lowish income. But parts are a short bike ride to much dearer Altona (and its beaches).

Braybrook: Low income. Largely non-English speaking. Poor reputation but attempts to regenerate. Handy to Footscray and Sunshine. Much cheaper than Footscray West on the other side of Ashley St which gives it gentrification potential.

Hadfield: No trains. But relatively inner-city for people priced out of Coburg. Limited local facilities so dependent on Coburg and Glenroy. No one's heard of it.

Fawkner: A rough reputation. Multicultural. Cut off from rest of Melbourne with no road connection to Reservoir. Dependent on busy Sydney Rd and Upfield train line (which runs less frequently than other lines during peak). Limited schooling and local shopping.

Heathmont: Pleasant and leafy. With station, although limited weekday daytime service. Local shops only. Handy to Ringwood and Box Hill.

Wantirna: Limited public transport but handy to Eastlink. But if driving fairly handy to Monash jobs precinct. Knox City offers shopping and some nightlife.

Bayswater/Boronia/Ferntree Gully: More working class and less leafy than Heathmont. Limited off-peak train service but Handy to Ringwood and Box Hill.

Knoxfeild: Similar to Wantirna. Minimum 3 cars per household.

Wheelers hill: Not far to Monash Uni but limited public transport. More an owner occupier / McMansion suburb. More affluent than nearby Noble Park and Springvale.

Heidelberg west: Looked down by many. Low incomes and poor reputation but next door to pricy Heidelberg Heights and pricier Heidelberg. Handy to Northland and Uni. Comprehensive bus services.

Chelsea: On frequent but sometimes unreliable train line that's a long commute to city. Bay and lots of open space. Limited local secondary schooling, though handy to Mentone. Good range of houses, townhouses and units this area is rapidly becoming denser. Some houses back on to beach.

Seaford: On frequent but sometimes unreliable train line that's a long commute to city. Very diverse area from nice homes near bay to working class areas abutting 'rough' Frankston North. Area near Kananook station not that highly regarded, although some OK streets with houses in parts. Limited secondary schooling.

Mitcham/Vermont/Forest hill/Blackburn south/Burwood East: Pleasant eastern suburbs, only the first of which has a train. Burwood East has a tram but it's slow. An older population profile. Areas with direct buses to Monash and/or Box Hill have international students (often Asian).

Moorabbin/Highett/Cheltenham/Mentone: Though furthest out Mentone is the most prestigious due to its schools. However it's very diverse with bayside being far better than the area near Moorabbin Airport. Highett has undergone a regeneration and is handy to Southland (which will soon get a station). Cheltenham is handy to both Southland and Mentone but is not walking distance to the beach. But parts towards Mentone are a good alternative for those priced out of Beaumaris/Sandringham. Cheltenham and Mentone get all the express trains - the other places don't.

Moorabbin has long had big things planned but they never happen. Its shopping strip is a traffic sewer and unpopulated wasteland (particularly on Sundays). Moorabbin is also near Hampton East which has a reputation as a housing commission area. Still neighbouring McKinnon and Bentleigh are very expensive (McKinnon due to the high school) and some may flow to unloved Moorabbin.

The above is only a guide. You must visit each and every suburb multiple times and not just rely on opinions here.

 

Wow thanks excellent information. Thank you

 

Mate there are still parts of Hampton East that is Commission...but the non-commission parts will cost you >$1mill for a handiman special...or at least thats where the prices were when we were looking late last year.

 

Also of note is the changed zoning to part of Hampton east near to corner of south road and Nepean Hwy. This will bring lots of mid rise walkable distance to Moorabbin station and ultimately the more pedestrian traffic to that station the more chance that the strip improves its cafe culture and trading. I can see Moorabbin the part between Rowans Rd and south Rd and Nepean Hwy, and Highett between Chesterville, Southland and Nepean Hwy all undergoing significant growth. They are well located to Moorabbin, Highett and Southland stations and bus exchanges, shopping strips and major shopping location, turner St Park and Linton park areas, south moor primary and Cheltenham secondary. In comparison to Highett and Hampton east on other side of Hwy, Bentleigh on other side of south Rd and Cheltenham golden triangle (pfft) other side of Southland this area appears relatively cheap.