VIC PPOR in Melbourne - $900K-$1.1M

Hi everyone, would love a bit of help trying to work out where to buy. Looking for a first home with my partner, budget is $900K to $1.1M, but would like to keep it closer to $900K. At the moment we're looking in a few different areas and need to narrow the search a little bit.

Our ideal requirements:

• 3 BDR house with a yard (not townhouse), potential to add a bit of value but don't want to do a full reno.
• Within walking distance of a train station, around 15km from the city or closer, and close to a nature area/parks.
• Happy to find a neighbourhood that's not quite there yet but will get nicer in the next 5 years.
• Good capital growth, 6% or more over next 10 years
• Good government primary schools, no kids yet but planning to in the next couple of years.

Areas we're looking:
Heidelberg Heights eg https://www.realestate.com.au/prope...ge=rea:buy:srp-map&sourceElement=listing-tile

Inner west: West Footscray, Sunshine, Kingsville, Yarraville eg https://www.realestate.com.au/prope...ge=rea:buy:srp-map&sourceElement=listing-tile

North: Reservoir, Fawkner, Pascoe Vale, Coburg North, Preston
eg https://www.realestate.com.au/prope...ge=rea:buy:srp-map&sourceElement=listing-tile

Any thoughts or advice, other potential areas would be welcome, thanks!

 

Yes, and we're not interested in adding in a townhouse at this stage. HH seems like it has potential to grow and improve though, so would be looking for somewhere closer to the Rosanna side

 

50 Southern sold for 1.23 at auction yesterday. Original ESR was 900-990

 

If kids and school are important, viewbank is probably your best bet, but will need to drive or catch bus to train station
Something like this
2 Bartram Rise, Viewbank, Vic 3084 https://www.realestate.com.au/sold/property-house-vic-viewbank-135803974
I don't think there is anything in Melbourne in that price range that will meet all your criteria, so you will need to compromise on something

 

That`s a lot of suburbs, narrow down to what you really like and start networking with REAs and attend openings. Not an easy market to buy at the moment.

 

Over a million for that no wonder so many people are moving to Qld.

 

What can i say, Melbourne has gone crazy in the last few months. You could get this for same price 2 years ago in same area

24 Robern Parade, Viewbank, Vic 3084 https://www.realestate.com.au/sold/property-house-vic-viewbank-130751582

 

Thanks for the suggestion. Yea the walking distance to a train station is a real limiter. Not sure how important that will be for my work, more just something good to have. But will definitely need to compromise in this market

 

That's amazing growth.

I've never been to Melbourne so I'm not sure what the commute is like to the CBD but 19 km from the city in Brisbane could get you a lovely home with pool, yard, access to great schools etc for $1,070,000. I really live in a bubble.

 

Yet, Melbourne is cheap compared to Sydney. Similar house in equivalent Sydney suburb would be way more