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Best Melbourne Suburbs for First Home Buyers

Melbourne First Home Buyers

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When you’re planning on buying a new home, the location is often the first thing you think about. After all, you can always build your dream home from the ground up or remodel the one you will move into but turning a bad location into a great one is beyond your control. You will have to find the perfect neighbourhood that fits your lifestyle and provides your family with all the amenities you need.

At What If We Finance, we understand that a great location means different things to different home buyers. That’s why we’ve rounded up some of the best suburbs in Melbourne for first home buyers. These areas offer the perfect mix between affordability and liveability.

street view

Box Hill

Baybrook may have had a bad reputation in the past, but those days are long over.

Today, it’s one of the best suburbs in Melbourne for families who want to find an affordable yet liveable community to live in. Most of the residential suburb is composed of tree-lined streets and tide, single-family homes. The community also boasts great parks and amenities, but many residents choose Baybrook for its great schools and community spirit.

Baybrook

Baybrook may have had a bad reputation in the past, but those days are long over.

Today, it’s one of the best suburbs in Melbourne for families who want to find an affordable yet liveable community to live in. Most of the residential suburb is composed of tree-lined streets and tide, single-family homes. The community also boasts great parks and amenities, but many residents choose Baybrook for its great schools and community spirit.

Donnybrook

Donnybrook is a rapidly growing area that’s becoming popular among first home buyers in Melbourne. Along with its neighbouring suburb Woodstock, there are plans in place for six government schools, four non-government schools, five local town centres, five convenience centres and about 46 hectares of parkland.

The recent upgrades to the Donnybrook station are also set to improve access, comfort and safety for passengers — demonstrating the steady development of one of Victoria’s fastest-growing communities.

Greenvale

Greenvale is a great community for families who want a comfortable living environment. It’s mostly safe and quiet, with good schools for kids and great parks for leisure and recreation.

Proper planning of residential estates has also kept Greenvale eco-friendly — truly living up to its name. The best part about this suburb is the peace and tranquillity it offers. It’s country-style living at its finest.

The only downside is the traffic in the area and residential properties are pricier compared to neighbouring suburbs. But the investment you make will be worth it as you will live in a very safe suburb with picturesque surroundings and convenient local shopping.

 

Mickleham

The extremely popular and fast-growing suburb of Mickleham is a top consideration for homeowners and property investors alike. It’s an ideal location for growing families looking for affordable housing as the suburb offers an average house price of $578,000.

It is approximately 10 minutes away from a hub of amenities such as schools, restaurants, shopping centres and sports facilities.

Officer

In the southeast of Melbourne, you will find an ever-expanding yet beautiful Officer. The suburb boasts a median house price of $593,000. It has always been a hotspot for home buyers due to its accessible transport links and some of Melbourne’s best schools.

The suburb is also home to beautiful master-planned communities and estates surrounded by nature and urban amenities. A property in Office is an excellent option with a competitive investment value

Melbourne suburban train station in Parkville

Parkville

Only three km north of the Melbourne CBD, Parkville is a sleepy suburb where residents enjoy a tranquil suburban lifestyle while staying close to the big city’s culture, electric nightlife and entertainment options.

Rent and mortgages are slightly more expensive than nearby communities, but the prime location and lush scenery are worth the price tag. Parkville is surrounded by beautifully manicured green spaces, leafy streets and heritage homes. The Royal Park is a favourite hangout venue where residents play rugby and soccer until the sunsets.

Pakenham East

Once built, Pakenham East is set to feature 7,200 affordable new homes and create 1,300 new jobs. Homebuyers can look forward to three community centres, a local town centre, three primary schools and a high school and over 44 hectares of sporting reserves and local parks.

As a brand new suburb with great potential, many high-quality developers believe Pakenham East is primed for rapid growth and development.

Sunshine North

Located 12 km west of the Melbourne CBD, Sunshine North is a small yet trendy neighbourhood. The community is mostly residential, with a light industrial section taking up about a third of the real estate area.

Residents here love the proximity to restaurants and shopping plazas. Housing mostly consists of single-story homes on quiet streets, perfect for the growing family looking to settle down in a safe and peaceful community.

Tarneit

Located only 25km from Melbourne’s CBD, the leafy suburb of Tarneit has seen consistent growth over the years. The neighbourhood has countless walking trails and parks, and you can take a drive to Geelong or the Great Ocean Road for a weekend adventure.

For shopping, Werribee Plaza is in proximity and so are other shopping outlets. There are also bustling hubs offering a slew of amenities. Multiculturalism is also another highlight in Tarneit, with people from all walks of life living in the community.

For more information and enquiries on these Melbourne suburbs, don’t hesitate to reach out to What If We Finance, your top mortgage broker in Melbourne. Contact us today!

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Matthew B
Matthew B
2022-06-05
Looking at the reviews for What If We Finance, it comes at no surprise to see so many 5-stars. Spiro handled the mortgage part of my girlfriend and I purchasing our first home. He made himself available to us around the clock and ensured that we were across the entire process and felt as comfortable as possible. We're very fortunate to have gone about buying our first home with Sprio and we'd be more than happy to use him for future purchases and to refer on to family and friends. A big shout out to Agnes also who busily works away in the background and also does an incredible job. You guys are the best!
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hari gowtham
2022-06-03
Very happy with the results from Spiro from start to finish. Spiro and his team are very knowledgeable and have a very quick turnaround time. Couldn't be more happier with the service. Definitely my go-to person for upcoming purchase.
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Gary Shekhter
2022-06-02
Great broker and trustworthy. Honestly had seen 5 brokers and fund this wonderful guy. Who helped from start to finish fast and had our loan in no time at all. Thank you again champ you did an amazing job
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Leonie Kemp
Leonie Kemp
2022-05-29
Thank you Spiro and Agnes for helping with the purchase of my first home. I needed to arrange finance quickly and Spiro did a fantastic job letting me know the best options for me and pushing to get the pre-approval so I didn't miss out on purchasing my home. Everything went very smoothly, thanks for helping make my first property purchase straightforward.
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S S
2022-05-28
Thank you Spiro and team for your help in financing the mortgage for the recent property purchase. Spiro provided timely advise, guided me on the process and was swift in processing the documents. His friendly attitude makes the process even better. Thank you once again.
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Anita Naughton
Anita Naughton
2022-05-27
As a first home buyer I had very limited knowledge on what I needed to do. I searched for a broker and What if we finance stood out due to reviews. I had my first session with Spiro and never looked back! The whole process was seamless, I felt supported and could always connect with Spiro when needed. Spiro and Agnes are experts in what they do and I would highly recommended anyone looking for finance to choose What if we finance. I will be a lifelong customer and look forward to buying our next house with their support.
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Mahmoud Al Kilzi
2022-05-25
Spiro & his team did a great job by getting my loan sorted in time. I would recommend them to family & friend. Great work guys much appreciated.
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Rebecca Zeeman
Rebecca Zeeman
2022-05-20
Spiro and Agnes provided great help and advocacy in getting us our home loan. We felt they were always available and were super efficient in getting it all done on time! The process was so simple and without stress thanks them both.
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Irish Azcuna
Irish Azcuna
2022-05-09
I can’t thank Spiro and Agnes enough for making my first home purchase so efficient, stress-free and seamless! If I could give more than 5 stars I would. As a first home buyer applying for one or the government’s schemes, my situation would have been so complicated that I never imagined being able to complete the process in such a short time. Spiro’s in-depth knowledge, invaluable and always-available support, and genuine willingness to help get me the right mortgage for my situation, made everything possible. His pragmatic advice even helped me decide on the right property for us, which would help us achieve our long-term goals. I highly recommend Spiro and his team. We will definitely engage their service again for our next property. They are the best!
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Renee Briggs
2022-05-02
Spiro is reliable, has your best interest as his top priority and is fast to get great results. We wouldn't ask anyone else for their professional opinion- Spiro is the best in the business.
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