Quarterly data from the REIV has revealed the most affordable suburbs in Victoria, seven of which offer median prices less than $400,000.

Melton West – $331,000

Werribee – $355,000 

Cranbourne – $380,000 

Wyndham Vale – $385,000 

Hampton Park – $385,750 

Hoppers Crossing – $390,000 

Pakenham – $393,000 

Carrum Downs – $405,000 

Sunbury – $412,500 

Roxburgh Park – $425,000.