After four months of searching, Elizabeth and Lorenzo found their first home in a suburb that's fast becoming one of the most popular metro spots for home buyers in Australia, according to new NAB insights*.
Now settled in Truganina, the couple say the move has brought them closer to family, close to their son's school, and gives them the space they wouldn't find closer to Melbourne's CBD.
"We were renting in Braybrook before, and rather than spend our money on rent, we wanted to build equity in a home we can then leverage to find our forever home in the future," said Elizabeth.
Truganina tops NAB's list of the most popular metro suburbs for home buyers in 2025, based on lending data so far this year.
The suburb is one of five Melbourne locations to make the national top ten, ahead of Roxburgh Park, which ranked second.
Top 10 metro suburbs*
- Truganina, Melbourne
- Roxburgh Park, Melbourne
- Yarramundi - Londonderry, Sydney
- Point Cook, Melbourne
- Cranbourne East, Melbourne
- Tarneit, Melbourne
- Schofields, Sydney
- Wentworthville, Sydney
- Piara Waters - Forrestdale, Perth
- Prestons, Sydney
"We're close to public transport and family, which was important for us, and our son's school is nearby," said Elizabeth.
"We've been so busy settling in, we haven't even had time to celebrate. We will make sure to have a proper celebration with our son's birthday later in July."
Elizabeth and Lorenzo are part of a growing number of home buyers re-entering the market as conditions continue to improve.
NAB Executive for Home Lending Denton Pugh said outer metro suburbs continue to appeal to buyers who want space and affordability while continuing to live close to the CBD.
"Many home buyers are looking further out. Not just for value, but because many of these areas are now better connected thanks to major infrastructure investments," said Mr Pugh.
"Many are also spots where buyers can find the space they're after without having to compromise on other things that matter such as community spaces like parks and sporting facilities.
"Although many Australians will be disappointed with the RBA not cutting interest rates this month, NAB continues to expect further cuts in August and November, with an additional cut in February 2026.
"July's expected rate cut aside, improving conditions are boosting buyer confidence and increasing borrowing power for many – translating to more home buyers entering the market.
"Typically, the winter months are quieter, but we're seeing steady demand that should continue through to the busy spring buying season.
"Even with rates still relatively high, buyers feel the peak has passed and want to make their move before prices climb further. We expect capital city prices to continue their recovery through 2025, with stronger growth likely in 2026."
