Snap up an affordable Melbourne apartment. Green and leafy Carlton , with its close proximity to the CBD and educational institutions make the suburb the perfect location to invest in an apartment. Besides the area's rich Italian heritage, you have bustling Lygon Street and nearby Brunswick Street, which are strong lifestyle drawcards.
Other obvious attractions are the suburb's walkability and access to public transport. Preparing to sell or buy. OpenAgent Logo. Preparing to sell or buy 10 most affordable suburbs in Melbourne for Craig Gibson Aug 18, Preparing to sell or buy How to get the most out of selling in a hot Rapidly developing, the west has become the nation's fastest growing region.
With increased employment opportunities locally, fewer people are commuting to the city, and although infrastructure and services are struggling to keep up, this is set to change with multiple planned improvements.
It may not be as verdant as the east, but the City of Melton is proving a popular choice, dominating the list of cheap suburbs in Melbourne.
Close to the airport and 45 minutes from the centre, a collection of growing suburbs in the area are providing buyers with affordable Melbourne homes. The area is spoilt for choice with sport clubs and facilities, and public transport is decent with a train line and bus connections servicing the area. Laverton is just 17 kilometres from the centre and a thirty minute journey by train. Similarly, Tarneit is emerging as a popular choice with buyers due to its extensive local bus network, new railway station, highly rated private and state schools and close proximity to the Werribee shopping centre.
Other areas close to amenities with affordable median sales prices are Werribee , Hoppers Crossing and Manor Lakes. The coolest suburbs in Melbourne are definitely situated in the north, but burbs like Fitzroy , Brunswick and Northcote don't come cheap.
Areas near the airport with quality amenities, like Coolaroo and Dallas , are just 18 kilometers from the city centre and are extremely affordable compared to their trendy neighbors. Life in the picturesque estate is rich with city views, making this residential community hard to beat.
Artist's impression of Satterley's True North Greenvale community. The biggest drawcard for Glen Waverly is its education opportunities, with Glen Waverly Secondary College acknowledged as one of the best public schools in Victoria. The school alone has been known to drive demand in this very popular suburb, keeping it on the radar for families and investors within the Australian property market for many years. An example of this is the Geelong Port which will be the new home of the Spirit of Tasmania by the end of Assets like this will continue to strengthen Geelong's appeal to varying business sectors, ensuring Geelong provides excellent options and value for money for investors in the short and long term.
First Name. Last Name. I agree to the Satterley Privacy Policy. Saving for a healthy home deposit that suits your budget may take months or years. We look at the ways savvy savers can take to shape up their home deposits. From first home buyers to investors, we have your finance options covered! Read through our list of helpful home loan tips and available finance options. You must ensure that you can cover the deposit for the house if your bid or offer is successful and the remaining money must be available for settlement.
Each lender offers different features and conditions. Before you commit, it is important that you understand:. A mortgage broker can help you find the most suitable home loan, however mortgage brokers are usually paid a commission by home loan lenders and you should check the information independently. There are a number of grants available to homebuyers. On top of this, you may also be entitled to receive a stamp duty reduction. For more information about these grants, visit the State Revenue Office website.
When budgeting for your property, consider a number of costs outside the actual cost of the property. As well as your deposit, you should allow money for:. Most Melburnians take out insurance cover for their homes and belongings. There are many different companies offering insurance products. For more information on choosing a home insurance provider, visit MoneySmart.
Before moving into your home, you need to connect your utilities such as electricity, gas, water, telephone and internet. The real estate agent can often refer you to different providers.
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