charlotte

Gooday!
Does anybody have any recommendations for a top spot to buy a holiday home about an 1 & 1/2 drive outside of Melbourne? We don't have a fortune to spend either, and this could all be a pipe dream. But I know British expats often have the answer to loads of good stuff, so was wondering if there were any recommendations or top tips??
We are considering the $250,000 price range and would prefer a house over a unit. It doesn't have to be right on the coast, but a nice village would be a bonus.
Thanks for the help, much appreciated,
regards
Charlotte

Pomster

Parts of Mornington Peninsular are reasonable. 250k might be on the low side, but if you wait til March/April (end of the season) prices definitely tail off.

Check McCrae, Rosebud, Tookgarook which I think are reasonably priced- look on realestate.com.au to get an idea of prices.

Geelong Gent

Please take this the right way but

Have to ask the wisdom of spending $250k on holiday home if your stretched?

Are you considering additional mortgages with the $250k?

Is it land only?

Have you considered land tax, CGT on selling costs?

Have you considered Phillip Island, Gippsland areas?

charlotte

The funds are there, but it was more that we wanted a house rather than a unit, and even though I have checked out realestate, of course over here house often sell for a great deal more!

We are already in Melbourne, and will keep looking - thanks for the tip re: autumn next year - that might be the perfect time.
thanks
Charlotte

koalakim

Hi

You might be lucky and pick up a property in Rosebud or Tootgarook for 250 but you'll need to rennovate it for sure!

Lots of holiday homes available but they are well preserved from the 1970s!

Good luck!

KK

mohogony

l don't think you could get a house near the beach for only $250,000 within 1 and half hour from Melbourne, but for $250,000 you might be able to get a small house in the Warrnambool- Port Fairy area , but not right next to the beach. Its around 3 hours west of Melbourne.