Guest blog: 10 Melbourne suburbs for first home buyers

By the resi financial blog team, 19 May 2014

Best suburbs in Melbourne for first home buyers

Buying a first home is a milestone moment; something you never forget and for some, the first home bought can last a lifetime. Making the decision to buy for the first time is a big one; deciding where to buy is really the most important part of the process.

For most of us, our first home is the place where we plan to create a family. The home should have room to grow with our changing needs, as should the environment and community around us. Doing your research is the key to understanding whether the areas you choose will be a good fit for your family in the long term.

We have compiled a list of suburbs in Melbourne that fit the bill for first home buyers:

Werribee

Werribee is in the heart of the Wyndham Shire and is home to some of the state’s major attractions. Werribee Open Plains Zoo, Shadowfax Winery and Werribee Mansion are just a few of the tourist draw cards that bring people out to Melbourne’s majestic west, weekend after weekend. Situated 30km west of the CBD, Werribee can boast an impressive list of family friendly features including: established education centres for pre-school through to tertiary, The Mercy Hospital Werribee campus, The Werribee Plaza and a variety of smaller shopping precincts such as Woodville and Werribee Village. Werribee is also home to many sporting facilities including the National Equestrian Centre and the Werribee River, which leads out to Port Philip Bay- offering a beautiful natural setting for hiking and bushwalking.  Homes average about $285,000 for a 3 bedroom and $377,000 for a 4 bedroom home. This area has experienced substantial growth since the 1990’s.

Berwick

Berwick is in the city of Casey and at its core is a small, rural centre that has exploded since the 1990-2000s. Berwick is about 40km from the CBD and is accessible via the M1. The town centre is historic and rich in local culture, offering beautiful tree lined boulevards and small town hospitality; the Avenue of Honour was planted to commemorate the fallen in WW1 and stands as a reminder of the history of the town. Further out towards the Cranbourne side of Berwick housing estates have boomed to triple the Berwick population since 1980. Berwick has all the amenities to gear the ‘burb towards family life, with education centres for pre-school through to tertiary, Casey public and St John of God private hospitals, Berwick Village and Eden Rise Shopping precincts and Casey Recreational and Aquatic Centre just five minutes from Berwick centre.  Homes average about $390,000 for a 3 bedroom and $501,000 for a 4 bedroom home. Population in the area has doubled since 1990.

Craigieburn

Craigieburn is nestled in the heart of the City of Hume, about 26 km north of the CBD and has become a development hot spot. Craigieburn has been under constant development for 15 years and has made its name as the “family home centre” of the north. Rich in leisure centres, Craigieburn offers many sporting and recreation activates year round and although there is no hospital as such, Craigieburn health services are available and part of the wider Northern Hospital group. Education options from preschool to tertiary are accessible and the area offers excellent public transport options. The average for a 3 bedroom home is about $320,000 and $388,000 for a 4 bedroom, with generous blocks. Craigieburn is a growing area and ideally set out for young families.

Heatherton

Heatherton is another option for first home buyers, a bustling little suburb in the Kingston city council precinct. Kingston has traditionally had a low population due to large facilities and open parklands taking up the bulk of the ‘burb, but in recent years large developers have bought up land and expanded the residential side of the area. Because of its location, a stone’s throw from the affluent Bayside region, the average home prices in Heatherton are a touch higher then newly developed; for the price you are getting accessibility to everything your heart desires. The CBD is 20 km away and Southland Shopping Centre just a five minute drive; medical care from public and private sectors is within easy reach and there are education options from preschool to tertiary in the area. Average 3 bedroom homes sell for about $630,000 and 4 bedroom goes for about $698,000. There is high demand for homes in this area and the demographic tends to be high middle-income earners.

Tarneit

Tarneit is another blossoming area out west. Nestled about 5kms inland from Hoppers Crossing and just 25km from the CBD, Tarneit is a thriving little community offering family-specific living in a variety of new estates along Derimut Road.  Tarneit offers education for preschool to tertiary and even offers religious-specific options such as The Islamic College of Melbourne. The new Tarneit Central Shopping Centre is being constructed and the Tarneit town centre will also be undergoing an upgrade and expansion in the next few years to accommodate the growing population. A 3 bedroom home will cost about $335,000 and a four bedroom about $370,000. The estates offer a large array of designs to choose from.

Clyde

Clyde is another up and coming gem, about 45km south east of the Melbourne CBD. Clyde is the continuation of Clyde Road on the Cranbourne side of Berwick and is most well known for herbs and horses; some of the wealthiest racing stables in Australia are located in the precinct. Sharing shopping precincts with Berwick and offering education options from preschool to tertiary, Clyde has developed a following for young families in the last few years. Estates offer play parks, walking tracks, community centres and a real feeling of community engagement is encouraged and nurtured. The average 3 bedroom home costs about $203,000 and a 4 bedroom about $216,000, with most buying off the plan.

Maribyrnong

Maribyrnong is another one to watch when looking for areas to purchase your first home. Situated about 8km north west of the CBD on the banks of the Maribyrnong river, this suburb is known for a comfortable lifestyle for couples and families alike with no real stand out age bracket. As with suburbs this close to the city, the average house price is more tailored to suit the high-middle income bracket with 3 bedroom homes going for about $646,000 and 4 bedroom homes about $826,000. Maribyrnong is a leafy neighbourhood offering everything from family friendly parklands to cosmopolitan dining. The area boasts Highpoint Shopping Centre as well as smaller boutique shopping precincts and the markets in Footscray are a short drive away. Education for preschool through to tertiary is available, with both public and private schools an option.

Taylors Hill

Taylors Hill, in all its environmental harmony, is situated about 25 km’s northwest of the CBD and is part of the Melton Shire. Taylors Hill is a uniquely designed community, planned and meticulously created with a contemporary feel in mind. All utilities are hidden under ground and the streets are lined with distinctive streetlights and decorative pavement treatments. The area itself is reasonably up market with large blocks and homes and is well serviced by shopping precincts, parklands and dining/entertainment options. The average price for a 3 bedroom home is about $413,000 and a 4 bedroom will set you back about $520,000. Education options are available for preschool to tertiary and public transport is very accessible.

Rosebud

Rosebud is set on the Mornington Peninsula about 90km from the CBD. Traditionally a coastal resort town, Rosebud has been the holiday destination since the 1900s, with the Dromana/Rosebud foreshore doubling in size during the warmer months. Summer festivities abound, giving the area a carnival atmosphere. There is a small community feel in Rosebud that you will be hard pressed to find in many places; markets are held with fresh produce on offer every weekend. Rosebud is truly a family-oriented neighbourhood. There are education options within easy reach for preschool through to tertiary and the main strip is great for shopping. An average 3 bedroom home will set you back about $375,000 and a 4 bedroom home about $503,000.

Croydon

Croydon sits at the foot of the Dandenong Ranges, about 30km east of the CBD and offers a unique opportunity for home buyers to purchase new in a long established area. The latest land release in the Croydon area has been geared towards blending with the local area but also giving a more upmarket feel. Plots and homes are large and spacious, sitting well amongst the almost rural feel of the ranges. Shopping is available with Chirnside Park a short drive and education from preschool to tertiary with a variety of religious schools also on offer. Along with parklands and bush tracks, Cardinia Reservoir Park is just a 20 minute drive away and offers nature at your door. The average price for a 3 bedroom home is $446,000 and $533,000 for a 4 bedroom.

Happy home buying!

 

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Categories: Guest blog, Melbourne, property news