Best Melbourne Suburbs to Invest in 2026 (Under $800K Budget)

My Next Property · Apr 20, 2026 · 18m

In this episode of My Next Property, Steve breaks down the five Melbourne suburbs he’s currently recommending to clients, the data behind each pick, and the exact reasons these pockets are set up to outperform over the next property cycle.

While most investors are piling into Perth and Brisbane, Steve makes the contrarian case for Melbourne — covering vacancy rates, yields, owner-occupier concentration, hold periods, school zones. He also calls out the Melbourne suburbs to avoid (including Rockbank and parts of the north), the three biggest mistakes investors are making in Melbourne right…