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Melbourne House Prices

Melbourne House Prices

Old Jun 17th 2010, 1:46 pm
  #1  
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Default Melbourne House Prices

Hi just wondering it its possible to buy a decent 4 bed house in a decent family location in Melbourne. Heard house prices are high there.. We've got about £200k to spend.. help.. Zen
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Old Jun 17th 2010, 1:53 pm
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Default Re: Melbourne House Prices

Hmmm....£200K equates to about $340K if you exchanged today.....tricky.

http://www.realestate.com.au/propert...reek-106608943

I found this, but it's a good hour by train from Flinders Street & only 3 bedrooms. You might need to think about renting for a while to see if either the exchange rate or house prices turn in your favour, or perhaps thinking about topping up with a mortgage.

Had you any idea about other areas at all?

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Old Jun 17th 2010, 8:10 pm
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Default Re: Melbourne House Prices

Originally Posted by zen
Hi just wondering it its possible to buy a decent 4 bed house in a decent family location in Melbourne. Heard house prices are high there.. We've got about £200k to spend.. help.. Zen
Probably not easily at today's exchange rate.

You may well however be able to buy a block of land and build a house somewhere like Doreen, Cranbourne or Pakenham. Bit further out though.

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Old Jun 17th 2010, 10:30 pm
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Default Re: Melbourne House Prices

Originally Posted by zen
Hi just wondering it its possible to buy a decent 4 bed house in a decent family location in Melbourne. Heard house prices are high there.. We've got about £200k to spend.. help.. Zen
Melbourne has a very big footprint. Do you have any max distance requirement from the CBD, or is proximity/commute time to the city a non issue ?
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Old Jun 17th 2010, 11:38 pm
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Default Re: Melbourne House Prices

You could try out West, perhaps Point Cook?

Its not the best area but its also not the worst, its all fresh and new located about 20 mins from the CBD.
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Old Jun 18th 2010, 6:58 am
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Smile Re: Melbourne House Prices

Originally Posted by Mike 3G
You could try out West, perhaps Point Cook?

Its not the best area but its also not the worst, its all fresh and new located about 20 mins from the CBD.
Blocks of land with no house on them now cost $300k+ in Point Cook - I'd say it might be outside their budget.

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Old Jun 18th 2010, 8:02 am
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Default Re: Melbourne House Prices

Originally Posted by Mike 3G
located about 20 mins from the CBD.
Off-peak of course...how long would it take at 8am on a weekday?
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Old Jun 19th 2010, 1:16 am
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Default Re: Melbourne House Prices

Originally Posted by zen
Hi just wondering it its possible to buy a decent 4 bed house in a decent family location in Melbourne. Heard house prices are high there.. We've got about £200k to spend.. help.. Zen
£200K will make an excellent deposit.
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