PropTrack: See what your suburb will be worth in 2030 – some Melbourne areas set for massive six-figure growth
Family-friendly Melbourne suburbs are projected to lead the city's charge for home price growth, with six-figure bonuses tipped for house values over the next five years.
Dozens of areas including Lower Plenty, Diamond Creek, Beaconsfield, Romsey and Mentone are set to outperform blue-chip areas like Toorak within the time frame, based on PropTrack estimates.
Realestate.com.au's research arm has calculated the typical home value for each Victorian suburb and town in 2030, if growth follows the same patterns it has within the past half-decade.
The data shows Toorak's $4.71m median house price is set to increase by $220,000.
But it would be eclipsed by gains of more than $350,000 in medians from Aberfeldie to Hurstbridge.
The city's million-dollar club is also expected to swell with more than 50 new suburbs including Taylors Hill, Berwick, Heidelberg Heights, Altona North and Reservoir to be added.
Melbourne-based buyers' advocate Emily Wallace said the family-friendly suburbs' growth forecast would reflect a domino effect of people wanting more land moving further from the city.
'I don't necessarily mean first-home buyers, but family home buyers who are happy to go to the suburbs to get the yard for the kids,' Ms Wallace said.
She said school zones, crime rates and safety were top of mind for many home seekers.
'There's also a fair amount of people not wanting the areas of the activity growth zones where development could potentially ruin the look and feel of a suburb,' Ms Wallace said.
Since last year, the Victorian government has identified more than 60 areas for mid- and high-rise development, many close to train and tram zones, to address the need for more housing with Melbourne's population predicted to hit 6.2 million by 2030-31.
Real Estate Institute of Victoria president Jacob Caine said the activity centre plans could make areas like Brighton accessible for buyers who would otherwise be locked out of these markets.
'You can bet that young people out there that have been really struggling to get a foot on the property ladder would absolutely jump at the opportunity to have a little piece of paradise, whether that's in Brighton or Camberwell or Footscray or wherever they would like to live,' Mr Caine said.
According to PropTrack, Melbourne's future high-performing suburbs include Lower Plenty where the $1.578m median house value is expected to increase by $887,000 to hit $2.465m.
Diamond Creek's $1.1m median is slated to stack $513,000 on to reach $1.613m.
Ray White Eltham and Diamond Creek director Shane Leete pointed to a 2019 list of Melbourne's family-friendly suburbs put together by home loan platform Lendi that was topped by Diamond Creek, based on factors including the number of schools, open spaces and crime data.
Mr Leete said the suburb experienced massive growth during 2020 to 2022's pandemic lockdowns and then slowed.
But February's rate cut and last week's election have boosted confidence in the market.
'But over … the next two to three years prices will be back up to where they were in 2022,' Mr Leete added.
Overall, Greater Melbourne's current $855,000 median house price is forecast to hit $1.001m by 2030, lower than Brisbane's $1.54m and Adelaide's $1.474m.
PropTrack's economics executive manager Angus Moore said Victoria's capital had not experienced as much growth as Australia's other states within the past five years.
'Part of the story is the fact Melbourne does just build a lot more homes than other parts of the country, particularly out in Melbourne's west,' Mr Moore said.
'The fact that there is more supply has helped to keep housing more affordable.'
PropTrack's research, which projected growth based on trends over the past five years, also hinted there could be prices rises along the Mornington Peninsula — however this could have been skewed by the unprecedented boom during the Covid pandemic.
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2 hours ago
- News.com.au
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The end of the financial year is coming up fast and eBay has wasted no time in slashing prices and dropping some amazing deals across home, tech, sport, clothing, shoes, accessories and much more. Not an eBay member? Now is the time to join up with a 30-day free trial so you can take advantage of further discounts of up to 30 per cent off already reduced EOFY prices. If you have been dreaming of the Dyson Airwrap, it can now be yours for a heavily discounted price that you do not see often. This exclusive offer for eBay Plus Members only means you can score one of these beauties for just $449 (down from $699). Described by customers as a 'perfect product', this magic hair tool comes with adjustable heat settings and six attachments to give you salon-quality hair every single day. 'OMG I am in love,' wrote a five-star reviewer. 'The results are jaw-dropping! Thank you, Dyson! Worth every penny!' Right now eBay members can also save a massive 47 per cent on Apple Airpods Pro 2nd Gen, now just $199 (Non-members can buy them for $379). This is a massive saving off an iconic and top quality Apple item, described by an eBay shopper as an 'excellent product'. Another five-star reviewer left the comment, 'Very comfy on ears, the sound quality is excellent, the battery lasts for days.' If you are an eBay Plus Member, you can grab the Devanti Coffee Machine 20 Bar Espresso Maker Milk Frother Cappuccino Latte Cafe, reduced by 35 per cent to just $90.97. (Non-member price is $125.95). This is your chance to make delicious coffee from the comfort of your own home and save money while you do it. 'Makes excellent coffee,' wrote one happy five-star reviewer. Please note the deals below state if exclusive to eBay Plus members, who receive up to an additional 30 per cent off with coupon codes. Not a member? Sign up here. 53 per cent off Sennheiser HD 650 Open Back Dynamic Audiophile Headphones, Grey, $399 (down from $849.95) use code JUNEOFY. Non Plus Member price: $499 Motorola G75 5G 256GB With Moto Buds – Charcoal Grey, $230, (down from $529.65) use code JUNEOFY. Non Member price: $329 37 per cent off Oppo A38 4/128GB CPH2579AU – Glowing Black, $153 (down from $244.05) use code JUNEOFY. Non Plud Member price: $219 37 per cent off Monster Hunter Wilds (PS5), $63 (down from $101) use code JUNEOFY. Non Plus Member price: $90 33 per cent off Beats Solo3 Wireless On-Ear Headphones – Black, $125.30 (down from $189) use code JUNEOFY. Non Plus Member price: $179 Apple iPhone 16 Pro 128 256 512GB 1TB Titanium All Colours – Excellent, 22 per cent off for Plus s$1325.22 use code JUNEOFY22, 20 per cent for Non Plus Member, $1395.20 use code JUNEOFY20, (down from $1699) Dell Latitude 5510 Intel i5 10310U 1.70GHz 16GB RAM 256GB SSD 15.6' FHD Win 11, 22 per cent off for Plus Member, $237.90, use code JUNEOFY22, 20 per cent off for Non Plus Member, $244, use code JUNEOFY20 (down from $305) 50 per cent off Ring Stick Up Cam Battery - White for Plus members, $69.30 (down from $139.38). Use code JUNEOFY. Non Plus member price: $99 (29 per cent off) 32 per cent off PNY GeForce RTX 4060 VERTO Dual Fan 8GB GDDR6 Graphics Video Card, $375 (down from $549). Use code JUNEOFY. Non Plus member price: $475 (14 per cent off) JBL by HARMAN Pure Bass Tune 500BT Wireless Bluetooth Headphones + inBuilt Mic, 22 per cent off for Plus members, $54.52 (down from $69.90) Use code JUNEOFY22. 20 per cent off for non Plus members, $55.92. Samsung 10.4' Galaxy Tab S6 Lite 2024 WiFi 64GB Grey Android Tablet 7040 mAh, 22 per cent off for Plus members, $287.82 (down from $369), Use code JUNEOFY22. 20 per cent off for non Plus members, $295.20 39 per cent off Devanti Slow Juicer Cold Press Fruit Extractor Vegetable Processor 130W Black, $48.27, (down from $79.95) with code JUNEOFY. Non Plus Member price: $68.95 61 per cent off Digital Control Air Fryer with Rotisserie – EU-AF25, $132.30 (down from $339) use code JUNEOFY. Non Plus Member price: $189 35 per cent off Devanti Coffee Machine 20 Bar Espresso Maker Milk Frother Cappuccino Latte Cafe, $90.97 (down from $139.95) use code JUNEOFY. Non Plus Member price: $129.95 33 per cent off Pawz 2-in-1 Automatic Pet Dog Cat Feeder Water Set WiFi Smart Food Dispenser APP, $75.59 (down from $113.99) use code JUNEOFY. Non Plus Member price: $107.99 53 per cent Breville the Oracle – Black Sesame, $699 (down from $1499) use code ORACLE. 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Non Plus member price: $49 (15.91 per cent off) 61 per cent off Kogan Portable Ceramic Fan Heater for Plus members, $34.99 (down from $89.99). Use code JUNEOFY. Non Plus member price: $49.99 (44 percent off) 68 per cent off TP-Link Tapo Smart Light Strip L920 (5 Metres) for Plus members, $20.30 (down from $48.75) Use code JUNEOFY. Non Plus member price: $29 (40 per cent off). 44 per cent off Fuel Doctors Additive Cleaner & Conditioner 5L FDW0 for Plus members, $103.01 (down from $183.95). Use code JUNEOFY. Non Plus member price: $147.16 (20 per cent off) LEGO 40623 Star Wars Battle of Endor Heroes Brickheadz Luke Leia Lando Ewok R2D2, 22 per cent off for Plus members, $58.46 (down from $74.95). Use code JUNEOFY22. 20 per cent off Non Plus members, $59.96. Use code JUNEOFY20 Bandai Gundam MG 1/100 MSN-04 Sazabi Gunpla Plastic Model Kit, 22 per cent off for Plus members, $124.76 (down from $159.95). Use code JUNEOFY22. 20 per cent off for Non Plus members, $127.96. Use code JUNEEOFY20. Russell Hobbs 7L Slow Cooker - Matte Black 7L RHSC7, 22 per cent off for Plus members, $66.26 (down from $84.95) Use code JUNEOFY22. 20 per cent off for Non Plus members, $67.96. Use JUNEOFY20 Carrera GO!!! Speed 'n' Chase Police 5.3 metre Track Slot Car Set, 22 per cent off for Plus members, $116.99 (down from $149.99). Use code JUNEOFY22. 20 per cent off for Non Plus members $119.99. Use code JUNEOFY20 Queen Double King Single Mattress Bed Euro top Pocket Spring Latex Chiropractic, 22 per cent off for Plus members, $155.22 (down from $199). Use code JUNEOFY22. 20 per cent off for Non Plus members, $159.20. Use code JUNEOFY20 Castrol RX Super 15W-40 CJ-4/E9 20L 3418280, 22 per cent off for Plus members, $119.30 (down from $152.95). Use code JUNEOFY22. 20 per cent off Non Plus members, $122.36. Use code JUNEOFY20 38 per cent off Everfit Exercise Bike X-Bike Folding Magnetic Bicycle Cycling Flywheel Fitness, $98 (down from $160) use code JUNEOFY. Non Plus Member price: $139.95 45 per cent off Wooden Pilates Reformer, $1799 (down from $3299) use code JUNEOFY. Non Plus member price: $1899 50 per cent off Adjustable Basketball Hoop Stand – SBA305 B series (down from $379) use code JUNEOFY. Non Plus member price: $169 Centra Treadmill Foldable Walking Pad Fitness Electric Home Gym Fitness Remote, 22 per cent off for Plus Member, $241.79, use code JUNEOFY22, 20 per cent off for Non Plus Member, $247.99 (down from $309.99 69 per cent off for Plus members Adjustable Basketball Hoop Stand - SBA305 B series, $118.30 (down from $379). Use code JUNEOFY. Non Plus members price: $169 (55 per cent off) 41 per cent off for Plus members Livall Smart Helmet C20 Large - Black, $38.50 (down from $65.55). Use code JUNEOFY. Non Plus members: $55 (16 per cent off) Penn INTERNATIONAL GAME 70VIS Series Two 2 Speed Reel - NEW MODEL 70 VIS, 22 per cent off for Plus members, $841.62 (down from $1079). Use code JUNEOFY22. 20 per cent off for non Plus members, $863.20. Use code JUNEOFY20 While you can still shop from eBay without a Plus membership, if you do sign up, you receive access to exclusive offers, free express metro delivery and free returns on select items. An eBay Plus membership costs $4.99 per month, or $49 for the year, but there's also a 30-day free trial to take advantage of, which is great if you want to try it out first and see if it suits. And during EOFY sales is the best time to test the waters as there are huge savings to be made on what is already heavily reduced stock. In Australia, the financial year starts on July 1 and ends on June 30 the following year. Before June 30, retailers drastically reduce their prices in order to clear out their old stock before the new financial year begins. Now known as the end of financial year sales, this the time where we can take advantage of epic discounts on a wide range of items from must-have fashion and beauty to big ticket items such as tech and home appliances. There is no official start date for the end of financial year sales. Most retailers kick off their sales from June 1, but then you might find some starting to drop deals even earlier or hold out until around June 30. Keep this page bookmarked and we'll keep a running update of all the best EOFY sales from eBay throughout the month. There's no set run time, and you'll find each retailer differs. Some run their sale for the entire month of June, whereas others will pick just a few key days or a week to promote their EOFY sales. Generally speaking, all the sales will be over once June 30 rolls around. Want to find out about more great specials and sales events? Sign up to our free weekly shopping newsletter to stay in the loop on the best deals and trends. Susannah Hardy Parenting Shopping Writer Susannah loves nothing more than finding great deals to help make life easier for parents. She has written extensively on all things parenting for publications such as Practical Parenting, Babyology and Tell Me Baby and has worked for Finder, reporting on best buys for families. Susannah is a busy mum of two fast-growing girls, and uses her work finding the best products at the right price in her daily life. More related stories EOFY Don't pay full price on 'game changing' vacuums, thanks to Dyson's epic end of financial year savings. Read more EOFY Shoppers have been left 'genuinely impressed' by this small but mighty machine that will do all the dirty work for you. Read more EOFY The designer label has dropped a rare sale, with a huge 40 per cent off women's and men's winter essentials. Read more EOFY The Good Guys has kicked off the EOFY sales early with a fantastic deal on an 'excellent' air fryer that 'packs a punch'. Read more