VIC Best Areas to buy 3br $500K & Under In Melbourne

Discussion in 'Where to Buy' started by suburbangirl, 18th Feb, 2019.

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  1. suburbangirl

    suburbangirl New Member

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    Melbourne
    Preferably northwest/north/western suburbs, potential investment property with a view to occupancy further down the track, must be 3 bedrooms but not fussed if unit, townhouse or house. Where's best to buy for $500K and under?
     
  2. jazzsidana

    jazzsidana Well-Known Member

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    Melbourne
    Looks like mixing up investment with home ownership I'll say...

    If thinking purely from investment perspective, some other states possibly offer greater opportunities.

    And if looking at it from owner occupied perspective, that's more where you want to live I guess.

    Best if you can keep two separate to help make right decision(s)!..

    Cheers,
    Jas S
     
  3. suburbangirl

    suburbangirl New Member

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    Do understand why you would want to keep the two separate, however in this instance it does need to have the potential for occupancy further down the track.
     
  4. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

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    Hi @suburbangirl ,

    In order for people to help lodge their opinions on "best" areas for this budget, it'd be handy to know the parameters. eg "Best" based on what? Based on historical capital growth, based on cashflow, based on ranking of the schools in the area etc might be parameters you might choose.
     
  5. Otie

    Otie Well-Known Member

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    Meadow Heights- you'll get a 3 bed house on 500m2 block for under 500k
    Broadmeadows (would be a townhouse or unit though if under 500k)
    Jacana (would be a townhouse or unit though if under 500k)
     
  6. The Y-man

    The Y-man Moderator Staff Member

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    Do you really want to have people telling you where to live? I would think it a more personal choice?

    The Y-man
     
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  7. Spiderman

    Spiderman Well-Known Member

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