If you’re a homebuyer or investor wondering where value still exists in today’s property market, Victoria might just surprise you.

New research from the Real Estate Institute of Victoria (REIV) reveals that despite recent price growth, Victorian homes remain relatively affordable compared to other states.

In fact, the median house value in Melbourne sits at $953,000 – well below Sydney’s $1.55 million. That’s a compelling gap for interstate buyers seeking lifestyle and investment upside.

But it’s not just about price because the data shows regional Victoria is also gaining traction, with towns like Mildura, Shepparton, and Ballarat offering strong yields and growth potential. These areas are attracting savvy investors who recognise the long-term value of well-connected, lifestyle-rich regional hubs.

For homebuyers, especially first-timers, this relative affordability opens doors to suburbs that might have felt out of reach elsewhere. And for investors, it’s a chance to diversify portfolios with properties that offer both capital growth and rental returns.

Victoria’s market fundamentals – population growth, infrastructure investment, and economic resilience – remain strong. And with interstate migration tipped to rise, demand is likely to follow.

So, whether you’re considering a tree change, a strategic investment, or simply want to get more bang for your buck, Victoria deserves a closer look. Want help identifying the right suburb or strategy? Let’s talk.

Brett Warren
About Brett Warren
Brett Warren is Director of Metropole Properties Brisbane and uses his two decades of property investment experience to advise clients how to grow, protect and pass on their build their wealth through property.
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