Victoria’s Hottest Suburb to Buy Right Now

Melbourne, Australia – July 23, 2025

Melbourne is currently one of the hottest property markets in Australia, especially when it comes to new mortgages. Recent data reveals that outer suburbs are leading the way for home buyers, with Truganina topping the list as the most popular suburb in the country.

Llet Chand and his family recently moved to Truganina and are already happy with their decision, noting that everything they need is close by. However, they were surprised to learn that their new neighbourhood is now considered the top choice for home buyers in Australia.

Driven by two interest rate cuts this year—and expectations of more to come—buyers are actively searching for affordable options. First-home buyers, in particular, see this as a prime opportunity to enter the market before prices begin to rise further.

The top 10 suburbs for new mortgages in Victoria include several of Melbourne’s outer areas, with Point Cook and Roxburgh Park also standing out nationally. Although affordability is a key factor, properties in these suburbs are still commanding significant prices, with the average new loan sitting at around $660,000.

Separate data shows these suburbs are fueling a national recovery in the property market. In fact, the number of new homes sold in the past three months has reached its highest level in nearly three years. According to the Housing Industry Association, falling interest rates are expected to push prices even higher, keeping outer suburbs firmly in the spotlight.

The trend of people moving further from city centres continues, with growth corridors around major capitals remaining the strongest areas for new home construction.

— Chris Coler, 9 News