A comment from one of our regular readers, Nadege on the West Coast of the US mentioned she saw a house in Hampton, a bayside suburb not far from us with a price tag of one million dollars plus. Yes that's not uncommon in certain areas but there are affordable houses in Melbourne for 1st home buyers. It just depends on where you want to live.
When I was young (Oh! is that me talking) we just wanted to start home ownership. No big screen TVs, not even carpet on the floor. That was our first house which was about 12 miles from the CBD of Melbourne way out in the northern suburbs. The first morning we woke to the sound of cows, horses and magpies.
OK, here's the deal - we bought in 1992 at $47,000 back then and we have no idea what it may be worth today - possibly in the $700,000 plus but who's counting?
We are about a kilometre there abouts from the beach and most probably on the wrong side of the railway tracks but its still a really nice street we live in. After 30 years neighbours come and go but really not so many in our street. That says something doesn't it?
Mentone took its name from the French town of Menton (on the border of France and Italy) which sits on the Cote d'Azure.We stayed a night there on our first (2006) visit to France.
From Mentone, further around the bay towards the city of Melbourne there are the suburbs of Beaumaris, Sandringham, Hampton (the one that Nadege mentioned) and then Brighton. I don't think we need to go further for this post.
But you will wake each morning with glorious views of Port Phillip Bay. These are the views the builder stole from Sue's rellies. |
This little cottage on Beach Rd is a real steal at just $1.6M. |
I did find this Hampton town house - brand new for under $1m. |
This Sandringham house didn't have its price disclosed but it certainly would be around $1.5m |
Brighton a little further down the road from Sandy and Hampton has this house for sale - who knows how much it will go for! Very French Provincial. |
So if you're thinking of moving to the "World's Most Livable City" then you might like to have a little search of your own. Not all houses sell in the $1m bracket but it is getting harder for young couples to find affordable homes in bayside suburbs. They can buy a new home and land packages in the outer suburbs from $350k plus. Maybe they would like to renovate an older home or prefer apartment living closer to the inner suburbs. Home ownership is the dream of most young Australians but renting sometimes their only option.