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Next big thing: The new wave of bridesmaid suburbs in Melbourne Melbourne's bridesmaid suburbs have recorded strong auction clearance rates. Photo: Fiona Morris Next big thing: The new wave of bridesmaid suburbs in Melbourne Word travels fast in Melbourne. And it means suburbs tipped to be “the next best thing” aren’t a secret for very long. Gentrification, development and hordes of buyers can quickly change the game. Prices soar, auctions become crowded and those searching for an affordable neighbourhood are forced to look elsewhere. It’s known as the ripple effect in real estate. And it means once-affordable suburbs like Footscray, Preston, Ringwood and Clayton are no longer bridesmaid suburbs. Sold: This three-bedroom house on Regal Avenue in Thomastown sold for $582,000. Photo: Harourts Now, it’s not unusual for buyers to fork out $1 million for a freestanding house in these areas. For those with deep pockets and tight budgets, it is becoming an ever elusive dream to find an affordable place within 15 kilometres of the city. Many home buyers have been priced out of Footscray, once considered a bridesmaid suburb. Photo: Jason South But a new belt of next-best suburbs are emerging as appealing options for money-conscious home buyers. And it’s not only the west that should be on your radar. Miriam Sandkuhler, chief executive at Property Mavens, said the next wave of bridesmaid suburbs in the north would include the likes of Thomastown and Lalor. “It has very much been attracting the younger generation of 25- to 35-year-old age group and they’re moving into these areas because they can’t afford Reservoir.
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