Melbourne’s most in-demand suburbs among homebuyers includes former gangland hubs: PropTrack

PropTrack search data identified Richmond, Hawthorn and South Yarra as Melbourne’s most viewed suburbs in 2024, with the inner north’s Northcote and Brunswick also on the list. Senior economist Paul Ryan said heavy search interest often preceded stronger demand and price growth, particularly if the Reserve Bank cut rates. PIPA buyer’s advocate Cate Bakos put roughly 80 per cent of her current enquiries down to interstate investors chasing value in Melbourne.