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Finding a Bargain: The Best Melbourne Houses for Sale at Discount Prices

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melbourne house for sale cheap

Melbourne, the coastal capital of Victoria, Australia, is one of the most vibrant and culturally diverse cities in the world. It is renowned for its sports, fashion, arts, music, and coffee culture. With a population of over 5 million, the real estate market is booming, with a wide array of properties available for sale.

If you are looking to buy a house in Melbourne, but struggling to find a good deal, you have come to the right place. In this article, we will guide you on how to find the best Melbourne houses for sale at discount prices. We will provide you with insights into the Melbourne housing market, tips to negotiate the price, and a list of neighborhoods to consider.

Understanding the Melbourne Housing Market

The Melbourne housing market has grown consistently over the past decade, with significant growth in the number of properties listed for sale. The city has seen a trend of rapid gentrification in certain areas, making them more expensive and exclusive. Other areas are still affordable, and it is possible to buy a good quality house at a reasonable price. The key to finding a bargain is to identify up and coming neighborhoods that still have potential for growth.

Negotiating the Price

One of the best ways to get a bargain on a Melbourne house is to negotiate the price with the seller. This can be done in several ways. Firstly, research the market to find out the price range of similar houses in the area. This will give you an idea of what to offer to the seller. Another strategy is to make a lower initial offer than the asking price. This helps to start the negotiation process, and the seller may lower their price to accommodate your offer. Lastly, ask the seller if they are willing to throw in any extras, like furniture or appliances, into the deal. This can lower the cost of the house and provide some added value.

Top Neighborhoods to Consider

  1. Brunswick

    Brunswick is a trendy neighborhood in Melbourne, known for its vibrant cafes, music venues, and street art. It is located just a few kilometers from the city center and has excellent transport links. The area has seen significant growth over the past decade, but there are still opportunities to purchase a house at a reasonable price.

  2. Footscray

    Footscray is a multicultural neighborhood in Melbourne, known for its fantastic food scene and vibrant culture. It is also home to Victoria University, making it an area popular with students. The average house price in Footscray is lower than many other areas in Melbourne, making it an excellent choice for those on a budget.

  3. Sunshine

    Sunshine is an up and coming suburb in Melbourne, located approximately 12 kilometers west of the city center. It has excellent transport links and is home to a growing number of cafes and restaurants. The average house price in Sunshine is lower than many other suburbs in Melbourne, making it an attractive option for those looking for a bargain.

  4. Coburg

    Coburg is a leafy, family-friendly neighborhood in Melbourne, known for its great schools and parks. It is located approximately 8 kilometers north of the city center and has excellent transport links. The area has seen significant growth in recent years, but there are still opportunities to purchase a house at a reasonable price.

  5. Preston

    Preston is a multicultural suburb in Melbourne, known for its fantastic food and coffee scene. It is located approximately 9 kilometers north of the city center and has excellent transport links. The average house price in Preston is lower than many other suburbs in Melbourne, making it an attractive option for those on a budget.

FAQs

What is the average house price in Melbourne?

The average house price in Melbourne is around $700,000 AUD.

Are there any grants available for first-time homebuyers in Melbourne?

Yes, there are various grants available for first-time homebuyers in Melbourne. The First Home Owner Grant (FHOG) is an Australian Government initiative that provides a one-off payment to eligible first home buyers. Additionally, the Victorian Government offers the HomeBuilder Grant, which provides eligible homeowners with a $25,000 AUD grant to renovate or build a new home.

Where can I find a comprehensive guide to buying a house in Melbourne?

You can find a comprehensive guide to buying a house in Melbourne at https://www.mazrealestate.com.au/for-sale-house-in-melbourne/.

Suburb Average House Price Distance from City Center
Brunswick $1,050,000 AUD 4 km
Footscray $800,000 AUD 6 km
Sunshine $600,000 AUD 12 km
Coburg $950,000 AUD 8 km
Preston $850,000 AUD 9 km

In conclusion, finding a bargain on a Melbourne house may take some research and negotiation, but it is possible. By identifying up and coming neighborhoods, negotiating with the seller, and taking advantage of available grants, you can find a quality house at a reasonable price. If you want to learn more about buying a house in Melbourne, visit https://www.mazrealestate.com.au/for-sale-house-in-melbourne/.

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