With a median sale price of $975k for a home in Metro Melbourne, can a first-time buyer or an investor with a budget of $1 million afford to buy a property? The simple answer is YES.
We have looked at listings in different suburbs around Melbourne to highlight some potential investment-grade properties. Note, no further due diligence was done on the properties listed.
These properties were chosen based on the Buyers Decision Quadrant
1. Location
2. Land size
3. Floor plan
4. Condition
April 5, 2023
This week we’ve shifted the focus a little bit and are looking at holiday homes as investments. We’ve looked at some recent sales in two different budget ranges to explore some examples of what you could’ve bought. Here are some examples:
$800k
A beach house with original character in Rye
Three-bedroom with sea change potential in Rosebud
Four-bedroom on a quiet street in Crib Point
North-facing home with separate living areas in Cowes
Three-bedroom near the surf beach in Ocean Grove
$1.5 million
Renovated 4-bedroom 100 metres from the beach in St Leonards
Property in the only master-planned estate on the Mornington Peninsula
March 30, 2023
This week we’ve decreased the budget a little bit to see what’s been available for $800k or less in the last few weeks. Here are some examples:
Geelong – 4-bedroom family home in Whittington
West – 3-bedroom brick classic in Sunshine West
North – Updated corner allotment in Heidelberg West
East – Move-in ready home in Ferntree Gully
South-East – Family-friendly home in Frankston
March 23, 2023
This week we are looking at what properties have recently sold for $900k or less. Here are some examples:
North – single-level home in Greensborough
East – coveted corner block in Boronia
Geelong – spacious 4-bedroom home in Hamlyn Heights
West – warm and homely property in Keilor East
Mornington Peninsula – 4-bedroom on a quiet cul-de-sac in Mornington
