Affordability ranking · Greater Melbourne
By published median house price, the ten cheapest Greater Melbourne suburbs are Melbourne, Southbank, Docklands, Travancore, Melton South, Kurunjang, Dallas, Melton West, Weir Views and Darley.
Updated 1 October 2026. Medians for the latest published quarter (updated May 2026). Ranked from 305 Greater Melbourne suburbs.
The ten, in order
Melbourne (3000) is about 0 km from the Melbourne CBD. The median house price is $381,000, the lowest published median in Greater Melbourne. Walk score 100 out of 100. 54,941 people lived there at the 2021 Census, and families with dependants are 38% of households.
Southbank (3006) is about 2 km from the Melbourne CBD. The median house price is $418,000, the 2nd lowest published median in Greater Melbourne. Walk score 100 out of 100. 22,631 people lived there at the 2021 Census, and families with dependants are 44% of households.
Docklands (3008) is about 2 km from the Melbourne CBD. The median house price is $440,000, the 3rd lowest published median in Greater Melbourne. Walk score 100 out of 100. 15,495 people lived there at the 2021 Census, and families with dependants are 51% of households.
Travancore (3032) is about 5 km from the Melbourne CBD. The median house price is $477,000, the 4th lowest published median in Greater Melbourne. Walk score 60 out of 100. 2,116 people lived there at the 2021 Census, and families with dependants are 49% of households.
Melton South (3338) is about 37 km from the Melbourne CBD. The median house price is $525,500, the 5th lowest published median in Greater Melbourne. Walk score 2 out of 100. 11,362 people lived there at the 2021 Census, and families with dependants are 69% of households.
Kurunjang (3337) is about 37 km from the Melbourne CBD. The median house price is $551,000, the 6th lowest published median in Greater Melbourne. Walk score 2 out of 100. 10,711 people lived there at the 2021 Census, and families with dependants are 77% of households.
Dallas (3047) is about 16 km from the Melbourne CBD. The median house price is $561,000, the 7th lowest published median in Greater Melbourne. Walk score 20 out of 100. 6,762 people lived there at the 2021 Census, and families with dependants are 75% of households.
Melton West (3337) is about 39 km from the Melbourne CBD. The median house price is $563,500, the 8th lowest published median in Greater Melbourne. Walk score 4 out of 100. 8,784 people lived there at the 2021 Census, and families with dependants are 77% of households.
Weir Views (3338) is about 35 km from the Melbourne CBD. The median house price is $565,000, the 9th lowest published median in Greater Melbourne. 4,348 people lived there at the 2021 Census, and families with dependants are 85% of households.
Darley (3340) is about 50 km from the Melbourne CBD. The median house price is $580,000, the 10th lowest published median in Greater Melbourne. Walk score 4 out of 100. 9,190 people lived there at the 2021 Census, and families with dependants are 80% of households.
| # | Suburb | Median house price | Km to CBD | Profile |
|---|---|---|---|---|
| 1 | Melbourne 3000 | $381,000 | 0 | View profile → |
| 2 | Southbank 3006 | $418,000 | 2 | View profile → |
| 3 | Docklands 3008 | $440,000 | 2 | View profile → |
| 4 | Travancore 3032 | $477,000 | 5 | View profile → |
| 5 | Melton South 3338 | $525,500 | 37 | View profile → |
| 6 | Kurunjang 3337 | $551,000 | 37 | View profile → |
| 7 | Dallas 3047 | $561,000 | 16 | View profile → |
| 8 | Melton West 3337 | $563,500 | 39 | View profile → |
| 9 | Weir Views 3338 | $565,000 | 35 | View profile → |
| 10 | Darley 3340 | $580,000 | 50 | View profile → |
A dash means the suburb’s own page publishes no figure. “Area” marks an ABS statistical-area median.
Ranks 11 to 15 on the same rule, for a shortlist that runs past the ten.
Common questions
By published median house price, the cheapest Greater Melbourne suburbs of 1,000 or more residents are Melbourne ($381,000), Southbank ($418,000) and Docklands ($440,000). Prices are Land Victoria's quarterly suburb medians. A suburb is listed only when its own page publishes the median, and the ranking is drawn from 305 suburbs with one.
Of the 15 Greater Melbourne suburbs at the top of this ranking, four have a published median house price under $500,000: Melbourne ($381,000), Southbank ($418,000), Docklands ($440,000) and Travancore ($477,000). Prices are Land Victoria's quarterly suburb medians. A median is the middle sale, so half of a suburb's houses sold for less than it.
This feed publishes a median without a 12-month change, so none is printed or ranked here. Prices are Land Victoria's quarterly suburb medians. So this page cannot say whether the cheapest suburbs rose or fell over the last year; it ranks them on the level of the median alone. The suburb pages keep each median as it is republished, which is the honest way to follow a cheap suburb's price over time.
We do not predict which suburbs will boom, and we hold no growth figure to rank Melbourne suburbs on: the medians we publish for Victoria are quarterly medians for the latest published quarter (updated May 2026), and they come without a 12-month change. A figure beside a suburb here is a median, a rent, a yield, a walk score or a school ICSEA, each measured and sourced, never a forecast. Each suburb's own page shows its published median and says where it comes from.
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