Where To Buy House In: Melbourne

: Preston and Reservoir are standouts for buyers seeking a balance of inner-north culture and more accessible price points ( Preston median ~$1M).

: Suburbs like Sunshine , Footscray , Cranbourne , and Pakenham are major winners following the Metro Tunnel becoming fully operational in February 2026. where to buy house in melbourne

Melbourne ’s property market in 2026 is currently viewed as an with house prices roughly 30-41% cheaper than Sydney’s . Experts from KPMG and Domain forecast a growth cycle starting this year, with house prices expected to rise by 6.6-6.8% and units by 7.1-7.3% . Market Overview & Strategic Picks : Preston and Reservoir are standouts for buyers

: Toorak , Canterbury , and Balwyn remain the "gold standard" for long-term equity, though entry prices range from $2.95M to $4.5M. Best Suburbs by Category Experts from KPMG and Domain forecast a growth

The city is currently split into distinct zones, each offering different value propositions for 2026: