Melbourne Property 2026: 3 Undervalued Suburbs Under $600K | My Next Property

Where can property investors still buy Melbourne units under $600,000 with rental yields reaching 7.2%?

In this episode, Steve breaks down three Melbourne suburbs offering very different opportunities for unit investors. Using recent purchases across Richmond/Burnley, Moonee Ponds and Dandenong, he compares blue-chip access, balanced growth and cash flow, and a higher-yield strategy for investors with a greater risk appetite.

Steve also explains what makes a strong unit deal, the construction risks investors often miss and how stale listings can create better opportunities than off-market properties.

0:56 — What Makes a Good Unit Deal?

2:25 — #1 Richmond: Blue-Chip Access

4:05 — #2 Moonee Ponds: Growth and Cash Flow

5:45 — #3 Dandenong: The Higher-Yield Play

7:08 — Finding Value in a Stale Listing

9:12 — Where the Next Opportunities Are

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