Eleven of the best Victorian places for downsizers

By on August 26, 2021 0


Put away your worries, along with your oversized home, and embrace life like a downsizer. Whether you are looking for a riverside walk in town or amazing restaurants right on your doorstep, a breathtaking beachside lifestyle or the serenity of the countryside, these 11 Victorian places are the perfect places to experience the dream.


It’s Victoria’s largest coastal town outside of Port Phillip Bay, and things are only set to continue to explode in Warrnambool thanks to its perfect blend of location and infrastructure (including a $ 384 million redevelopment). from Warrnambool Base Hospital). The address of Great Ocean Road is a major draw, with loads of beautiful beaches, and the palpable history of the great Victorian streets is another. If you don’t want to maintain a period home, smart modern townhouses have the convenience factor.
Unit median: $ 283,000 (up 1.1% over five years).
House median: $ 410,000 (up 26.2% over five years).

The hilly green of Birregurra.

Dan Hunter’s acclaimed restaurant Brae, one of Australia’s best, put this backcountry town of Otways on the map, but it’s full of other assets. The town center is a perfect example of a postcard from the colonial era, and the excellent local pub, the Royal Mail, and the Yield and Providore restaurant reinforce the gastronomic credentials. With a population of 828, it enjoys that small town feel, and Great Ocean Road’s hotspot, Lorne, is just a 40-minute drive away.
Median data is not available due to low enrollment volumes.


The unofficial capital of the northeast Alpine region, Mansfield exudes a bewitching old-world charm and a lifestyle that embraces the great outdoors. The vast expanse of Lake Eildon provides a social epicenter during the summer months, and proximity to ski slopes is a plus in the winter. The city is full of period houses on acreage and city blocks, as well as modern constructions in new areas.
Median of the house: $ 510,000 (up to 35.5% over five years).


Residents of this corner at the Melbourne end of the Mornington Peninsula say living here feels like being on vacation every day of the year. Combining the best elements of the regional beach with the amenities of the town, it has its own strip of golden beaches and a bustling village mall. It recently hosted its own pizza kings outpost 400 Gradi, with a pizzeria, gelateria and grocery store under the roof.
Unit median: $ 630,000 (up 40.6% over five years).
Median of the house: $ 900,000 (up 39.5% over five years).


It’s hard to belittle the culinary reputation of this central Victorian town. Piper Street has forged a claim to be one of the best foodie streets in the state, lined with renowned restaurants such as Midnight Starling, Mr Carcisi and the magnificent Royal George Hotel. You’ll never be too far for a coffee or a drink, and the rest of the city isn’t too bad either. There are great walking trails along the river and well-maintained villas near the city center allow you to leave the car at home for your social activities and shopping.
House median: $ 653,250 (up 45.2% over five years).


It’s only 90 minutes north of Melbourne, but it’s a world of its own. The Gateway to North East Victoria has everything you could want for peaceful country living, including the tree-lined focal point of the Goulburn River and Nagambie Lake, which is a popular spot for fishing and sailing, canoeing and swimming. This part of the world also has some crisp vineyards, including the newly renovated Mitchelton cellar gate, restaurant and hotel around its iconic Modernist tower.
Median data is not available due to low enrollment volumes.

Domaine Quartiers Fitzroy

Its history is as colorful and varied as the people you see on the streets. Fitzroy never gets bored, and although the dominant population of this neighborhood remains young adults, it welcomes all comers. A wave of luxury apartments, like the upcycled Spanish Club on Johnston Street, are targeting downsizers, and upscale art galleries and fashion boutiques have followed suit. For one of Melbourne’s best nights out, head to bustling Gertrude Street.
Unit median: $ 747,500 (up 12.4% over five years).
House median: $ 1 million (up 26.2% over five years).

South Yarra

It could be Melbourne’s prettiest suburb, where the hilly, tree-lined residential streets are lined with houses and apartments that don’t need to scream to be heard. Head to Toorak Road and Chapel Street for shopping and a huge range of drinking and dining options that attract foreigners. Want to walk to the CBD? Take the Yarra River Trail and stop for a breath of fresh air at the Royal Botanic Gardens.
Unit median: $ 602,500 (up 2.1% over five years).
House median: $ 1.824 million (up 29.6% over five years).


Another suburb that has undergone a dramatic transformation over the past decade, Richmond has become a downsizing hotspot thanks to its proximity to the city. New developments have taken this market niche into account, with three-bedroom apartments becoming more common and cultural attractions in the region are also keeping pace. Swan Street is lined with interesting places to eat and drink that appeal beyond the neighborhood’s traditional student body, and the park and walking trails around the MCG are a panacea for the soul.
Unit median: $ 520,000 (up 5.4% over five years).
House median: $ 1.3275 million (up 27.8% over five years).

St Kilda Street, Melbourne
Royal Botanic Gardens, Melbourne

Melbourne’s largest boulevard winding from the CBD to St Kilda is a beauty, passing the city’s best-kept parks and landmarks, including the Royal Botanic Gardens and the Shrine of Remembrance. Apartment buildings range from magnificent examples of Art Deco to highly sought after luxury developments including The Melburnian. Lockdown and exit attractiveness will be further compounded when the new ANZAC metro tunnel station opens in the Estate district in 2025, with a two-minute ride to the CBD.
Unit median: $ 525,000 (up 5.7% over five years).

Melbourne 2021

You can live high on the pig in Kew, in one of the large houses on its eye-catching hills, but the inner-eastern suburbs are also home to renovated Victorian worker cottages and upscale apartments for homeowners. . The increasingly cosmopolitan shops, cafes and restaurants of its High Street and Cotham Road districts are another asset, as is the ease of access to the city.
Unit median: $ 734,900 (up 17% over five years).
House median: $ 2.18 million (up 14.7% over five years).


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