Homewood, situated in Victoria, is a charming suburb with a blend of urban convenience and natural beauty. Known for its family-friendly atmosphere, excellent schools, and community spirit, Homewood offers a range of residential options for all types of buyers and tenants. This article explores the best suburbs to live in Homewood, highlighting their unique characteristics, housing options, and average prices.
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Central Homewood

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Central Homewood is the vibrant heart of the suburb, offering easy access to shops, cafes, and public transport. With a mix of modern apartments and period-style homes, it’s ideal for young professionals and families alike.
Characteristics of the Central Homewood
* Culture: Cafes, boutique shops, and local markets
* Transportation: Excellent public transport options with bus routes and train station nearby
* Services: Supermarkets, health care facilities, and educational institutions
* Environment: Bustling and diverse
Housing Options in the Central Homewood
Apartments, Townhouses, Single-family homes
Average Home Prices in the Central Homewood
* Buying: $600,000 – $800,000
* Renting: $1,800 – $2,500/month
Homewood Heights

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Homewood Heights is a peaceful suburb positioned on elevated land, providing stunning views and a relaxed lifestyle. It’s known for its family-friendly parks and recreational facilities, making it a great choice for outdoor enthusiasts.
Characteristics of the Homewood Heights
* Culture: Focus on outdoor activities and community events
* Transportation: Good access to public transport, with local bus services
* Services: Community parks, sporting clubs, and family-friendly amenities
* Environment: Quiet and serene
Housing Options in the Homewood Heights
Single-family homes, Spacious blocks with garden options
Average Home Prices in the Homewood Heights
* Buying: $700,000 – $950,000
* Renting: $2,200 – $3,000/month
Rosewood Estate

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Rosewood Estate is a modern, master-planned community renowned for its spacious homes and well-maintained streets. With a mix of new builds and established properties, it appeals to both first-home buyers and investors.
Characteristics of the Rosewood Estate
* Culture: Community-oriented with various neighbourhood events
* Transportation: Access to main roads and bus links for easy commuting
* Services: Shopping centres, schools, and health services within reach
* Environment: Family-friendly and welcoming
Housing Options in the Rosewood Estate
New houses, Townhouses, Duplexes
Average Home Prices in the Rosewood Estate
* Buying: $650,000 – $850,000
* Renting: $1,900 – $2,400/month
Tranquil Waters

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Tranquil Waters is known for its picturesque landscapes and water bodies. It's an ideal spot for nature lovers and those looking for a peaceful retreat away from the hustle and bustle.
Characteristics of the Tranquil Waters
* Culture: Emphasis on nature conservation and outdoor activities
* Transportation: Limited transport options; car recommended
* Services: Minimal commercial services; nearby community resources available
* Environment: Lush and tranquil
Housing Options in the Tranquil Waters
Lakeside homes, Eco-friendly designs, Single-family residences
Average Home Prices in the Tranquil Waters
* Buying: $750,000 – $1,000,000
* Renting: $2,300 – $3,000/month
Willowbrook

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Willowbrook boasts spacious blocks and a close-knit community feel. This suburb is perfect for families, offering plenty of space for children to play and grow.
Characteristics of the Willowbrook
* Culture: Strong community involvement and family-oriented activities
* Transportation: Easy access to public transport and major roads
* Services: Schools, parks, and local shops
* Environment: Friendly and familial
Housing Options in the Willowbrook
Family homes, Townhouses, Units
Average Home Prices in the Willowbrook
* Buying: $600,000 – $800,000
* Renting: $1,800 – $2,300/month
Sunnyvale

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Sunnyvale is well-known for its sunny disposition and welcoming atmosphere. This suburb provides a mixture of real estate options appealing to both investors and homebuyers alike.
Characteristics of the Sunnyvale
* Culture: Vibrant community with markets and events
* Transportation: Good connectivity via buses and rail
* Services: Shopping precincts, schools, and recreational facilities
* Environment: Lively and engaged
Housing Options in the Sunnyvale
Units, Modern homes, Townhouses
Average Home Prices in the Sunnyvale
* Buying: $580,000 – $750,000
* Renting: $1,600 – $2,100/month
Frequently Asked Questions About the Best Residential Areas in Homewood:
The best residential areas in Homewood include Central Homewood, Homewood Heights, Rosewood Estate, Tranquil Waters, Willowbrook, and Sunnyvale.
Tranquil Waters is renowned for its peaceful environment and beautiful natural surroundings, making it arguably the most tranquil area to live.
Rosewood Estate offers many new builds and modern housing options, catering well to first-home buyers and investors.
Central Homewood boasts the best access to public transport, with numerous bus routes and a nearby train station.
Sunnyvale tends to have more affordable rental options compared to other suburbs in Homewood.
Homewood Heights is highly recommended for families due to its parks and recreational activities.
Tranquil Waters features lush parks and natural reserves, offering excellent green spaces.
Central Homewood provides the highest concentration of amenities, shops, and community services.
Homewood Heights is considered one of the most exclusive areas due to its spacious homes and elevated views.
Rosewood Estate presents great potential for capital growth, making it very attractive for property investors.
Conclusion on the Best Residential Areas in Homewood:
Homewood offers a diverse array of residential areas, each possessing unique qualities and advantages. Whether you are drawn to the vibrant lifestyle of Central Homewood, the serene landscapes of Tranquil Waters, or the family-oriented environment of Homewood Heights, there’s something to suit every preference. Choosing the right area will depend primarily on your lifestyle needs, be it tranquility, community engagement, or access to services. With a rich blend of culture and nature, Homewood presents an appealing living experience for both homeowners and renters.
About the Author

Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.