Australian buyers looking to break into the housing market by buying units rather than homes should consider visiting the most affordable and livable suburbs of Melbourne, according to a new People & # 39; s study. s Choice Credit Union.
The study found 20 suburbs in Melbourne offering affordable housing and offering a high standard of living, said Steve Laidlaw, CEO of People's Choice. The study assessed the quality of life of each suburb to capture the aspects that determine whether people really want to live in a particular place.
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According to the list, the most wanted district of Melbourne is Hawthorn East. Its median unit price is $ 610,000. Although this suburb is not the cheapest on the list, it has an important place in terms of quality of life.
Murrumbeena is ranked second and is among the most affordable. Its median price is $ 490,000. In terms of quality of life, Murrumbeena is ranked 13th.
The third place overall is Surrey Hills, which ranks first in the quality of life index. Units in this suburb have a median unit price of $ 727,000.
"What brings these suburbs together is the quality of life.These suburbs are relatively close to the city, close to employment poles, have a low crime rate and reasonable public transport. to good, "said Laidlaw.
The table below lists the most affordable and livable suburbs for the units, as well as their median unit prices and their corresponding quality of life index rankings:
The most affordable and livable suburbs for the units
General Classification
Suburbs
Median unit price
Rank of quality of life
1
Hawthorn East
$ 610,000
3
2
Murrumbeena
$ 490,500
15
3
Surrey Hills
$ 727,000
1
4
Glen Iris
$ 630,000
4
5
Hawthorn
$ 500,000
20
6
Avondale Heights
$ 520,000
18
7
Mount Albert
$ 750,000
2
8
Elsternwick
$ 602,500
10
9
St. Kilda East
$ 550,175
13
10
Caulfield North
$ 620,000
9
11
Montmorency
$ 629,500
7
12
Ormond
$ 667,000
6
13
Pascoe Vale South
$ 519,000
33
14
McKinnon
$ 690,385
5
15
Glen Huntly
$ 545,000
31
16
Kingsville
$ 393,500
71
17
Hughesdale
$ 658,500
11
18
Caulfield South
$ 695,000
8
19
West of Brunswick
$ 460,500
60
20
Williamstown
$ 517,000
45
Source: People's Choice, CoreLogic
Top suburbs:
West Wodonga
,
eagle worth
,
rooted hill
,
mt gravatt
,
North Epping
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