Hopeful home buyers don’t have to give up proximity to the city to buy something for less than Melbourne’s median house price.
Kirsty Garlick and Nick Cowling love their suburb. There are plenty of cafes and green spaces, it’s just nine kilometres from the city, and the median house price is less than $1 million.
Garlick, a public servant, and Cowling, a copywriter, recently sold their Sunshine townhouse and are planning to purchase a larger home in the area. Domain head of research and economics Dr Nicola Powell said houses were more affordable in high-density areas where block sizes were smaller, offering more choice at a lower price.
Garlick said while they would have been able to purchase a larger property in the outer suburbs for a similar price, it was important for them to be close to the CBD, family and local amenities. “In Sunshine, we’re seeing young first home owners coming into the marketplace, and we’re also seeing second-time buyers who are currently living in areas like Northcote, Collingwood, Footscray and Yarraville,” he said.Fregonese said areas like Sunshine and West Footscray offered cafe culture, nightlife, green spaces and great transport links to the city, as well as period-style homes with multiple bedrooms and outdoor space, at a much lower price than in more popular inner-city suburbs.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The cheapest suburbs to buy a house within 10km of Sydney’s CBDHome buying hopefuls will find the cheapest options close to the city centre in a string of southern and inner west suburbs.
Read more »
‘It was odd’: Swans urge AFL to tweak $1m incentive amid ‘bizarre’ situationAFL: Despite being plagued by accuracy issues in front of goal, Lions young Kai Lohmann insists the club isn't too worried about it, ahead of their elimination final against Carlton.
Read more »
Babe Ruth’s ‘called shot’ jersey from 1932 World Series sells for record $24.1mJersey, worn by baseball player in his final home run in the series, is most expensive sports collectible sold at auction
Read more »
MaxCap boss Wayne Lasky relists landmark Prahran mansion with $1m discountThe non-bank lender’s co-founder Wayne Lasky and his wife Tam have listed their landmark Melbourne estate for the second time.
Read more »
Police post $1m reward over ‘targeted’ underworld hit on notorious bikieMore than a year after Mohammed Keshtiar – known as Afghan Ali – was gunned down in Melbourne off Chapel street, police have put up a $1 million reward leading them to his killers.
Read more »
Police offer $1m reward over gangland execution of Mohammed KeshtiarMohammed 'Afghan Ali' Keshtiar was gunned down on a South Yarra street in August, 2023.
Read more »