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Best Inner North Suburbs for First-Home Buyers: Michael Tomadakis’ Advice

September 5, 2026

By Michael Tomadakis, Sales Executive & Auctioneer, Collings Real Estate

Melbourne’s Inner North offers first-home buyers a mix of lifestyle, value and long-term growth potential. As someone who has helped many buyers and sellers in Northcote, Thornbury, Preston and Reservoir, here are my tips for first-home buyers considering these areas:

Why Inner North?

  • Diverse housing: houses, apartments—options for different budgets and life stages
  • Local amenity: strong cafe culture, shops, transport, parks and schools
  • Comparative value: Reservoir and Preston offer entry points, Northcote/Thornbury suit those wanting walkability and lifestyle

What should first-home buyers consider?

  • Be realistic about ‘must-haves’ versus ‘nice-to-haves’
  • Research pockets with future upside—sometimes just being slightly further from High Street means more value
  • Don’t get trapped waiting for a perfect market—focus on fit and long-term goals

For honest, evidence-based advice on buying your first home in Northcote, Thornbury, Preston or Reservoir, get in touch today.

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