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Where are the best suburbs in Melbourne?

When it comes to buying or renting, it's hard to know which suburb will be right for you, and what's considered a ‘good’ suburb. While Melbourne is the most liveable city in the world according to The Economist Intelligence Unit, much like any other city it has suburbs that are more desirable than others.

Is safety important to you? Read our list of the safest suburbs in Melbourne.

To make 'suburb searching' easier for you, the Lendi team has devised a list of the top 5 suburbs in Melbourne based on their lifestyle benefits. These benefits include the suburb's proximity to the CBD, distance to the beach and number of schools and parks. We have also included house and unit average prices as well as the area's crime rate.

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St Kilda West (3182)

st-kilda-west

Located in an area with many primary and secondary schools, as well as plenty of parks including the well known Catani Gardens. Plus, the suburb is only 0.25kms from the beach. It takes just 18 minutes to drive from St Kilda West to the CBD, and roughly 29 minutes by public transport. The suburb also has a declining crime rate, with only 218 offences occuring this year, down from 220 in 2016.

Median House price= $2,615,000 / Median Unit price= $557,500

Albert Park (3206)

albert-park-lake

The suburb of Albert Park is home to multiple junior and secondary schools. One of the more popular suburbs, Albert Park has numerous leisure facilities, running tracks, open parks, an olympic pool and is only 0.25kms from the beach. Moreover, the suburb is also located just outside Melbourne city centre which makes it a short 18 minute drive or 29 minute commute to the CBD. It is a relatively safe area as well although the crime rate has increased by 57.5% in the past 12 months.

Median House price= $1,900,000 / Median Unit price= $665,000

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Port Melbourne (3207)

port-melbourne

If you enjoy walks along the bay or even simply jogging around different parks, Port Melbourne is the place for you! The suburb is home to many schools as well, and is just 0.73 kms from the beach, if the bay and pier alone is not enough. Just a 17 minute drive or 25 minute commute by public transport to the CBD, Port Melbourne is a prime location. However, the crime rate in the area has increased by 22.9% since last year.

Median House price= $1,501,000 / Median Unit price= $786,000

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Seaholme (3018)

scandinavian-living-room

There is only one primary school in Seaholme, however there are many parks including a dog friendly nature reserve that is known for it’s stunning Bay views, as it is only 0.36 kms from the beach. The suburb comes across as a hidden gem to most, but in actual fact the commute to the CBD is only a 28 minute drive, 37 by public transport. It also has a very low crime rate with just 73 reported incidents this year.

Median House price= $1,090,000 / Median Unit price= $592,551

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St Kilda (3182)

melbourne-royal-botanical-gardens

The suburb of St Kilda is home to several schools and a plethora of parks, the most renowned being St Kilda’s Botanical Gardens. The beach is only 0.84 kms away and it takes a mere 19 minutes to drive to the CBD or 30 via public transport. More importantly the suburbs crime rate in 2017 has decreased by 5.1% since last year.

If you want a Melbourne suburb that suits your lifestyle, these top five are the way to go. It’s important to recognise that there are many other great suburbs offering similar facilities or hold amenities that better suit your needs. Make sure to carry out independent research before you decide to buy or rent a property.

Median House price= $1,385,000 / Median Unit price= $518,800

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Important legal stuff

COMPARISON RATE WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years.
Lendi is the trading name of Lendi Pty Ltd, a related body corporate of your licensed credit assistance provider, Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence Number 442372). We will never sell your email address to any third party or send you nasty spam, promise.
EXAMPLE: This example is current as at 20th October 2016. A Click Loans Online Principal and Interest Loan of $150,000 over 25 years has monthly repayments of $767. This is calculated based on the interest rate of 3.69%, comparison rate of 3.69%, upfront fees of $0 and annual fees of $0.
IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.
Lendi is a privately owned and operated Aussie business. Our mission is to provide Aussies with the right experience when choosing a home loan from our panel of major and non-bank lenders including Click Loans which is a wholly owned subsidiary of Auscred Pty Ltd and a related body corporate of Auscred Services, your credit assistance provider. Although Lendi compares over 1600 products from over 30 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. While Lendi is 40% owned by founders and employees, we have also been supported by some great minority shareholders including Bailador, Macquarie Bank Ltd and a number of Australian sophisticated investors. We have an independent and founder led board.
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