10 Cheapest Areas to live in Melbourne for Abroad Students

Melbourne is one of Australia’s most desirable cities. But its eye-watering living costs make it tough for property seekers to find affordable housing options. In this guide, you will get to know about the cheapest areas to live in Melbourne, as well as the factors that make the areas affordable. Thus, if you are looking for cheap properties with good public transport options, cheap student accommodation in Melbourne and good shopping centers. Read below to learn more.

Factors that Make an Area Affordable

Before knowing about the cheapest areas to stay in Melbourne, let’s break down the key factors that keep house prices and rent low. If you are searching for cheap housing, consider these points:

Low Median Prices & Affordable Entry Points: The cheapest areas to live in Melbournehave median house prices well below Melbourne’s average. These areas often have older homes, undeveloped land, or lower demand. Making them affordable options for first-time buyers and property investors.

Distance from the city centre: Many affordable student accommodations in Melbourne are in areas like Melton, Werribee and Norland, where land is available. They are cheaper, and housing is more spacious. Longer commutes can result in lower property prices compared to inner-city and desirable area locations.

Rental Demand and Cheap Rent: Areas with cheap rent often have a high supply of rental properties and fewer high-income renters. Moreover, areas with older housing stock or less gentrification tend to offer cheaper rental prices compared to expensive areas.

Development and Infrastructure Growth: Areas undergoing new landscape projects can still have affordable locations before demand pushes house prices up. Some outer areas remain affordable despite growth, making them an attractive option for those willing to buy early.

Cost of Living & Local Amenities: Areas with cheaper grocery stores, lower council rates, and fewer premium amenities tend to have lower living costs. Areas with major shopping centres, many parks, and local schools still offer a strong sense of community without the premium price tag.

When searching for affordable student accommodation in Melbourne. Balancing cheap rent, median prices and transport connections is key. Now let’s explore the cheap areas in the city where you can find your next home.

8+ Cheapest Area in Melbourne

Finding affordable housing in this city can be challenging. But some areas still offer cheaper rent, lower median house prices and great amenities. Whether you are a first-home buyer, a property investor, or an international student who wants to rent a house. These are the cheapest areas to live in Melbourne, providing budget prices without sacrificing lifestyle quality. Look below:

Melton: Melton is one of the cheap areas in Melbourne, offering affordable homes and large block sizes. Located 35 km west of the CBD, it has investment potential due to ongoing landscape growth. Thus, it is ideal for first-home buyers and families looking for space without the city centre price tag.

Norlane: It is one of the ten cheapest areas in the city. It is located in the Geelong region, which is known for its affordability compared to Melbourne. However, it is not specifically highlighted as one of the most affordable suburbs in recent lists.

Corio: It is located in Geelong, Victoria and is situated approx 9 km north of Geelong’s central business district. It’s not directly part of the city but rather a northern suburb of Geelong, which is located southwest of the city. Corio is considered part of the Greater Geelong area and is known for being a large area with both residential and industrial zones.

Whittington: It offers the cheapest houses and unit prices, making it an ideal choice for first-home buyers and renters. It is close to Geelong’s CBD while still being an affordable area.

Kurunjang: It is about 36 km (22 mi) west of Melbourne Central Business District. The name “Kurunjang” is derived from the Woiwurrung word “kūrūng jang,” meaning “red ground,”. In the 2021 census, it had a population of 10,711.

Thomson: This area refers to the suburb of Thomson in Geelong, located about 75 kilometres southwest of Melbourne’s central business district. It’s a small residential area, triangular in shape, and is known for being the location of The Gordon Institute of TAFE’s East Geelong campus. There’s also a Thomson Dam located in the Gippsland region.

Dallas: Dallas is a residential suburb in the northern part of Broadmeadows, approximately 17km north of central Melbourne. It’s within the city of Hume local government area and is known for its diverse population and proximity to various amenities.

Melton West: It is considered one of the cheapest areas to live in Melbourne. It’s located in the western part of the city and offers a blend of suburban living with family-friendly comforts. In addition, it is known for offering affordable homes and large block sizes, making it an attractive option for those seeking value.

Hoppers Crossing: It is considered a relatively affordable area in Melbourne, particularly when compared to suburbs closer to the city centre. It offers a range of housing options, including family homes, townhouses and flats. Making it attractive for various lifestyles. While it’s not the absolute cheapest, it provides affordable student accommodation in Melbourne, combined with amenities and accessibility.

Conclusion

In summary, when seeking reasonable areas in Melbourne. Considering factors such as cost of living, neighbourhood safety, transportation links, and local amenities is crucial. This is especially relevant for those studying in the area, as time and money are important for every student abroad, since you will be on a short budget. Thus, you can not waste your finances to pay the higher rent to live in a place that is not even appropriate. Therefore, you must ensure that you do not spend a lot of your budget on student accommodation in Australia. However, this article will help you find the ideal area to live in a foreign land without burning a hole in your pocket. Besides this, if you need housing advice, contact the Graddinghomes.com experts.