Affordable Property in Victoria 2025: Best Suburbs Under $500K
Affordable Property in Victoria 2025: Best Suburbs Under $500K
Affordable Property Investment Opportunities in Victoria
Property prices continue to rise in 2025, but several regional Victorian suburbs still have median house prices under $500,000. These areas present potential opportunities for first-home buyers and property investors looking for budget-friendly real estate options in a competitive market.
How Affordable is a $500K Property in Victoria?
Purchasing a property under $500,000 with a 20% deposit, plus costs, results in a loan of approximately $400,000. With an estimated 6.50% interest rate on a principal and interest loan, monthly repayments would be around $2,529. Compared to Melbourne’s rising property costs, these regional areas could provide a more affordable alternative. However, is investing in regional Victoria the best long-term strategy?
Metro vs Regional Property Investment in Victoria
At Taylored Property Wealth, we focus on metro areas as they historically outperform regional markets. CoreLogic data from 2022 showed that in the past 30 years, metro house prices increased by 453%, compared to regional areas. Metro locations tend to have stronger economies, higher incomes, and greater long-term capital growth potential, making them a more attractive investment choice.
Image source: https://www.realestate.com.au/property-house-vic-hopetoun-147231856
Top Affordable Suburbs in Victoria Under $500K
For those considering regional Victorian property investment, here are key suburbs with median house prices under $500K:
1. Hopetoun, VIC
- Median Value: $177,000
- Median Days on Market: 97
- Change in Value (last 5 years): 104.5%
- Vacancy Rate: 0% (as per SQM Research)
2. Ouyen, VIC
- Median Value: $228,000
- Median Days on Market: 19
- Change in Value (last 5 years): 134.8%
- Vacancy Rate: 2.7% (as per SQM Research)
3. Nhill, VIC
- Median Value: $225,000
- Median Days on Market: 59
- Change in Value (last 5 years): 75.1%
- Vacancy Rate: 1.4% (as per SQM Research)
4. Warracknabeal, VIC
- Median Value: $202,000
- Median Days on Market: 53
- Change in Value (last 5 years): 76.6%
- Vacancy Rate: 1.9% (as per SQM Research)
5. Dimboola, VIC
- Median Value: $242,000
- Median Days on Market: 50
- Change in Value (last 5 years): 87.8%
- Vacancy Rate: 1.8% (as per SQM Research)
Should You Invest in Regional or Metro Victoria?
While regional Victorian property provides affordable entry points, investors must assess factors like vacancy rates, capital growth potential, and economic stability. Metro locations consistently offer stronger long-term investment potential due to sustained demand and employment opportunities.
Get Expert Property Investment Advice
At Taylored Property Wealth, we help investors identify high-performing property investments tailored to their goals. Whether you’re considering regional or metro investments, our expert insights ensure you make data-driven property decisions.
📩 Email us: info@tayloredpropertywealth.com.au
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