Weekly Slice 270: High Growth Unit locations from $400k in Melbourne - with Gilbert Melgar & Todd Sloan

10 snips

Jan 27, 2026

Gilbert Melgar, property investor and data analyst who founded Suburbs Finder, guides a data-led look at Melbourne unit pockets under $400k. He and Todd highlight tight stock, improving demand, yields, and limited new supply. They tour suburbs like Cranbourne, Sydenham, Werribee, Sunbury and Mernda. The conversation stresses adapting strategy and using clear metrics to spot opportunity.

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INSIGHT

Suburban Units Can Be Underrated Winners

Carefully selected suburban units can outperform assumptions when affordability pushes buyers from houses into apartments.
Low new supply, rising demand, and decent yields create pockets of strong growth potential.

INSIGHT

Cranbourne: Data-Backed Growth Case

Cranbourne shows tight inventory, strong buyer interest and limited approvals, supporting medium-term growth.
At current 10-year rates a $512k unit could approach ~$859k in a decade if trends continue.

ADVICE

Always Model Cashflow And Growth

Run the numbers: yield, holding costs and likely rent before you buy a unit to test cashflow scenarios.
Use realistic interest and strata figures to see if near-neutral cashflow plus equity growth makes sense.

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