Brett Warren , National Director – Metropole Group
Melbourne’s property market is showing signs of renewed momentum, and not just in the usual hotspots.
While premium postcodes continue to attract attention, a number of lesser-known suburbs are quietly gaining traction – and they’re offering compelling value for buyers who know where to look, according to recent research by SuburbData.
St Kilda East is a standout. Surrounded by high-performing bayside neighbours, it’s still trading at a significant discount despite strong lifestyle appeal and excellent transport connections. SuburbData’s June 2025 analysis highlights it as one of several areas where buyer interest is rising and price gaps are becoming harder to justify.
Other suburbs like Noble Park, Doreen, and Box Hill North are also worth watching. They’re well-established, well-connected, and offer solid infrastructure, but have lagged behind in price growth compared to nearby areas.
And it doesn’t stop there. Kings Park, St Albans, Deer Park, Officer, Westmeadows, and Mickleham all show similar patterns of strong fundamentals, no clear geographic disadvantage, and median house prices well below neighbouring suburbs. What’s emerging is a clear pattern of undervalued suburbs with solid bones beginning to close the value gap. For long-term investors, that’s a signal worth noting, but it’s not just investors who stand to benefit. Home buyers, especially those looking to enter the market or upgrade strategically, are also finding real opportunities in these overlooked pockets.
As Melbourne’s population grows and rental supply tightens, the broader market conditions are aligning to support both capital growth and lifestyle appeal in these rising suburbs.
