scitta

Hi,

Under the impression that house prices are quite high in Melbourne, we have been looking at real estate sites and have seen some good houses (in our opinion from what we see on the web) for sale in and around Melbourne, in between the 200-300thousand price range.

Is this the amount one pays for the house alongwith the land? Or are there any extra hidden charges on these properties?

Would love to hear from others who have purchased properties in Melbourne.

Thanks in advance,
Sarah

ABCDiamond

If you want to post a link to one of the examples you are looking at, we can let you know a bit better.

In general most houses shown on real estate web sites will be house & Land.

scitta

Hi ABC Diamond,

We were looking at the realestate.com.au site, not selected anyone in particular, just browsing though (moving only in March 2005,and then initially renting).

Just wanted to make sure its house and land, and not extra hidden costs. (besides the stamp duty,etc.)

ABCDiamond

Hi
On realestate.com.au 99.999% will be house & land

Those prices you said do sound cheap

scitta

Thanks ABC Diamond.

Yes,it does sound cheap that's why the doubt.

Another thing though, they are just 2/3 bed-room houses, which is the size we are looking at. (Small 1child family).

Sarah

Grayling

Hi Scitta
You may get a better opinion if you mention the areas these houses are in. I suspect they may be in 'dodgy' areas.
The better suburbs obviously have the higher prices.

Good luck

G

keith (UK)

$200k to $300k does sound cheap. However the prices depend on location.

Another cost in buying a house is Stamp Duty which depends on the price of the property. There are other costs too like legal fees. All these extra costs add about 5% onto to the purchase price.

HiddenPaw

the average house price in Melbourne was $368k at end of 2003. This was across 300 suburbs. There were only 4 suburbs where the average was less than 200k. On top of your house price, stamp duty in Vic is 7%.

What are the suburbs that you have seen houses in the 200-300 price range? It does sound very cheap by Melbourne standards. generally, the further out you go from the CBD, the more expensive the property - e.g. less than $368k would maybe buy you a one bed flat in an inner suburb, but a nice 3 bed house with good garden somewhere about 25km out (depending on suburb

scitta

Hi,

Thanks for all your replies.

Saw some 3 bed homes in Endeavour Hills (31km) in the above range.

Sarah

MarkMyWords

You might also want to look at realestateview; there is a substantial but not complete overlap with realestate.