Melbourne’s most affordable suburbs revealedDespite Melbourne’s median house price recently hitting a record high, there are still plenty of opportunities for investors to nab a bargain in the Victorian capital. New data released by the Real Estate Institute of Victoria (REIV) has uncovered the top 10 most affordable Melbourne suburbs, in the three months to 30 June. Melton West was named most affordable, with a median house price of $331,000 — less than half the citywide median of $725,000. You’re out of free articles for this month Log in Sign up To continue reading the rest of this article, please log in. JavaScript is required for CAPTCHA verification to submit this form.