Why millions of Australians have decided to call Melbourne home

Written by realestateview.com.au in Property News on December 30, 2020

Home to 4.9 million residents, the city’s cohesiveness, healthcare system, education and world-class infrastructure are among the reasons people of all ages choose to work, live and invest there.

What makes it sensational?

Melbourne continues to retain its status as one of the world’s most liveable cities on the Economist Intelligence Units (EIU) Global Liveability Index, having achieved the number one ranking in 10 out of 18 years and ranked as the top Australian city every year.

Its liveability can be owed to several factors. The city boasts one of the strongest healthcare systems in the world as well as high quality schools and tertiary institutions including the University of Melbourne which is globally-recognised as Australia’s top university.

Add world-class infrastructure, an advanced train and tram network, and a booming economy, and you can understand why homemakers are opting to settle in and make the city their home.

What’s to love?

Melbourne leads the way when it comes to art and culture, food and wine, retail and tourism.

The CBD is renowned for its bustling arts scene and is home to the Arts Centre, numerous theatres and museums as well as the esteemed National Gallery of Victoria.

The city also boasts the finest in culinary offerings, its retail sector is ever-advancing, and its rich architectural history, beaches, attractions and varying landscapes make it a place to love.

Do you need a car?

Melbourne is known to have one of the most extensive public transport networks in Australia, making the commute to-and-from work super smooth. If you opt to live and work in the city, getting around is easy on tram, foot or bicycle. The passenger rail, tram and bus network also makes it easy to navigate to the outer suburbs should you choose to do away with a car.

Where to live if you. . .

Have kids:

When choosing where to raise a family, things to consider include close proximity to schools, a low crime rate, and access to public services and facilities such as libraries and playgrounds.

With a median house price of $1.25 million, Doncaster East is often remarked as one of the most appealing suburbs for families due to its high number of schools and playgrounds.

Other family-friendly suburbs include Diamond Creek, Seddon, Coburg, Roxburgh Park and Bentleigh.

Have money:

If you have money to spend, Melbourne is most definitely the city for you. The most affluent suburbs include Glen Iris, Toorak and Brighton.

Want to get ahead of the market:

Mickleham is one of the fastest-growing suburbs in Melbourne, as well as Pakenham, Point Cook and Werribee. Each of these suburbs lie about half an hour outside of the CBD and are popular amongst investors due to their affordability, proximity to the city and increased infrastructure.

Are here for a good time:

If you’re not necessarily looking for a long-term plan but just somewhere to rent while you get all your ducks in a row, inner suburbs including St Kilda, Collingwood, Hawthorn and Brunswick East are among some of the popular options, especially amongst those with a higher disposable income. Outer suburbs such as Melton, Point Cook, Dandenong and Albion are also highly sought-after due to their affordability and the fact that the CBD is only an easy rail ride away.