Located around 35 kilometres west of the CBD, Melton is considered as one of Melbourne’s last affordable property frontiers, hence attracting growing interest even from interstate buyers. Sydneysiders who are looking for value are flocking to this area, although property experts remain divided as to their opinion of Melton.

Victor Kumar, director of Right Property Group, sees Melton as Sydney’s Mount Druitt. He said he would not have thought of buying there five years ago, but a strong demographic shift is now underway as people in Sunshine are moving to the Melton area.

“They’re getting a brand new house on decent-sized land—perhaps not as big as their land in Sunshine—and they’ve still got change leftover,” Kumar said. “In the last two years there’s been a juice bar that sprung up, there’s a couple of better cafes, so slowly the lifestyle culture is changing.”

Similarly, property investment adviser Luke Moroney said that there was potential for the area to grow because of its affordability, eventually becoming a western hub for Melbourne.

“People may not be comfortable with the distance at the moment in Melbourne, but as years go on, they’ll be more comfortable like Sydneysiders are currently,” he said, pointing out that people are traveling twice as far to Sydney CBD every day.

However, Melbourne buyers’ agent Cate Bakos are advising investors to reconsider.

“My biggest issue with Melton is that it’s a long way away, and it is surrounded by areas that are still offering house and land packages,” she said.

Aside from Melton and Melton South, investors are also buying in nearby Kurunjang and Brookfield.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan