Melbourne's Best Upcoming Suburbs, According to New Survey

Suburbs in Melbourne’s inner west, and in outer bayside areas have fared best in a national survey of “hot spots”, conducted by an industry magazine.

In total 13 Victorian areas appeared in the list of 47 suburbs nationally.

West Footscray, and the suburbs immediately surrounding it including Braybrook, Maidstone and Footscray were on the list as were nearby Kensington and Flemington. Elsewhere in the inner-city, Collingwood and Abbotsford are considered to have the most scope for growth.

The bayside suburbs of Chelsea and Carrum also appeared on the list, as did Geelong.

Real estate researcher Peter Koulizos, of Your Investment Property magazine highlighted Frankston, about 50 kilometres south of Melbourne, as a suburb to watch.

“Frankston is one of the sites identified on the state government’s Melbourne 2030 plan and the Eastlink Road expansion is going to link the CBD with that part of Port Phillip Bay, which will bring Frankston even closer to the city,” he said. “Seaford and Carrum should experience the flow-on effect of Frankston’s rejuvenation.”

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