InvestorKit Podcast Melbourne vs Perth vs Brisbane: Where Should You Invest Your $650k? - with Junge Ma
Feb 10, 2026
Junge Ma, a senior research analyst who uses data to map Australian property markets. He compares Melbourne, Perth and Brisbane for a $650k budget. Short, punchy takes on market pressure, rental tightness, yields and cycle positions. Clear scores and trade offs for growth, cash flow and stability to help narrow where to look in 2026.
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Melbourne Offers More Affordable Options
- Melbourne still has five LGAs with median house prices around or under $700k, giving buyers more options with a $650k budget.
- Market pressure is rising as inventories and days on market fall, signalling early-cycle growth potential.
Avoid New-Estate Pockets
- Avoid outer-new-estate pockets in Melton, Wyndham or Casey where high new supply can cap growth potential.
- Target more established suburbs within those LGAs to improve chances of capital growth.
Perth Is Tight And Late-Cycle
- Perth's widespread growth over the past five years leaves few submarkets under $600k, forcing buyers to outer-ring suburbs.
- Inventories remain low and days-on-market stable, indicating continued short-term strength despite being past cycle peak.