VIC Townhouse or villa unit for $500k in Melbourne?

Discussion in 'Where to Buy' started by potentialbuyer, 2nd Mar, 2020.

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  1. potentialbuyer

    potentialbuyer New Member

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    Hi I'm looking to buy a townhouse or villa in the Melbourne area initially as an IP but potential future PPOR. My budget is $500k - $550k. Unsure about the location as I live in Sydney and not very familiar with Melbourne suburbs. My location criteria include:-
    - Within 30 Km of the CBD
    - Close to train line
    - Reasonably safe
    - Have a few shops around
    - Preference for leafy suburbs (but not must)
    - Preference for multi-ethnic environment (but not must)

    Looking for opinions.
     
    potentialbuyer, 2nd Mar, 2020
    #1
  2. The Y-man

    The Y-man Moderator Staff Member

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    Thank God "Top School" was not on the list!! Makes finding a place about 6 million times easier....

    That last one is a bit interesting - any particular ethnicity in mind? (I fully get wanting to be part of specific communities)

    The Y-man
     
    The Y-man, 2nd Mar, 2020
    #2
  3. potentialbuyer

    potentialbuyer New Member

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    Thanks for the response. By my last criteria I just mean I prefer a suburb that is not dominated by just one ethnicity, prefer having a mix of cultures around, but it's only a slight preference.
     
    potentialbuyer, 2nd Mar, 2020
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  4. Westie

    Westie Well-Known Member

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    Ringwood? Not sure how many bedrooms etc you need, but a 2x1x1 is about $550k. Greensborough too. Other than that, @The Y-man has a valid question.
     
    Westie, 2nd Mar, 2020
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  5. potentialbuyer

    potentialbuyer New Member

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    Sorry should have added looking for a 3 bed, 2 bath, 1-2 garage
     
    potentialbuyer, 2nd Mar, 2020
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  6. Westie

    Westie Well-Known Member

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    I doubt there'd be a property that'd check off all those boxes and a 3x2x2 in metro Melbourne. Lilydale maybe? If you struck off "leafy suburbs", then more than a few options open up in the Werribee, Wyndham Vale area.
     
    Last edited: 2nd Mar, 2020
    Westie, 2nd Mar, 2020
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  7. The Y-man

    The Y-man Moderator Staff Member

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    The Y-man, 2nd Mar, 2020
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  8. The Y-man

    The Y-man Moderator Staff Member

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    Do bogans count as an ethnicity? :D:D:D:D

    The Y-man
     
    The Y-man, 2nd Mar, 2020
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  9. The Y-man

    The Y-man Moderator Staff Member

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    Go around planting a few trees - should be grown by the time it becomes a ppor :D

    The Y-man
     
    The Y-man, 2nd Mar, 2020
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  10. Westie

    Westie Well-Known Member

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    I'd try Geelong, I know it's wayyy more than 30kms from CBD, but the other boxes are checked off plus you'd be close to the water (more upswing potential).
     
    Westie, 2nd Mar, 2020
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  11. Westie

    Westie Well-Known Member

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    Westie, 2nd Mar, 2020
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  12. potentialbuyer

    potentialbuyer New Member

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    Thanks for the replies. I'll have a look around Epping and Werribee surrounds.
     
    potentialbuyer, 3rd Mar, 2020
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  13. The Y-man

    The Y-man Moderator Staff Member

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    The Y-man, 3rd Mar, 2020
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  14. Codie

    Codie Well-Known Member

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    Codie, 3rd Mar, 2020
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  15. Skinman

    Skinman Well-Known Member

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    Have a look at Laverton. It’s a bit closer in than Werribee etc. the area seems to having a surge in TH’s some of the first developments now 5ish years old or some newer stuff coming on quite regularly.
     
    Skinman, 6th Mar, 2020
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  16. Skinman

    Skinman Well-Known Member

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    Skinman, 6th Mar, 2020
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  17. TMNT

    TMNT Well-Known Member

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    TMNT, 6th Mar, 2020
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  18. Codie

    Codie Well-Known Member

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    Busy as road though hence reflected in price but yes agree past that it’s good value.
     
    Codie, 6th Mar, 2020
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  19. David_SYD

    David_SYD Well-Known Member

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    I’d like to check this out for myself.

    What type of demographic does this area attract Codie?

    Is it particularly in demand?
     
    David_SYD, 11th Apr, 2020
    #19