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About 30 suburbs in Melbourne’s middle ring had a median house price below the citywide median of $817,000 in the September quarter, Real Estate Institute of Victoria data shows. These are located in the north and west — and a number are within 13km of the CBD, including Albion ($655,000), Sunshine North ($670,000) and Heidelberg West ($726,500). Low-income earners forced more than 100km from Melbourne to avoid rent stress 177 Main Rd East, St Albans, is on the market for $660,000.Source:Supplied Fawkner ($740,500), St Albans ($631,750) and Meadow Heights ($487,625), are other areas expected to see strong future price growth. REIV president Richard Simpson said many suburbs had double-digit price growth in the past year, but the west and north were still yet to peak. “Buyers on a budget should consider suburbs in the city’s north and west, with these areas continuing to offer value for money without the need to compromise Mortgage brokers Oak Laurel Yarraville, 0430 129 662, 4 Beverley St, Yarraville VIC 3013, oaklaurel.com.au on proximity to the CBD,” he said. “Gentrification is certainly improving the attractiveness of these suburbs, with homes in the city’s middle ring poised for significant long-term growth. “Melbourne’s south and east have already experienced remarkable price increases over the past decade, however buyers are now looking for new growth areas to enter the market.” The large property at 66 Sydney St, Albion, sold for $777,000 last month.Source:Supplied Mr Simpson added Maidstone ($815,000) was Mortgage broker the only suburb in the city’s inner ring with a median house price below the citywide figure. Advantage Property Consulting director Frank Valentic said suburbs including Albion, St Albans and Thomastown were hot spots for future growth. “Make sure the buying fundamentals are still there, it’s a good property and location and the area is a good area. Safety is something tenants and buyers will look for,” he said.