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The Best Cheap Houses for Sale in Melbourne’s Suburbs

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melbourne house for sale cheap

Melbourne is a city that is not just well-known for its stunning sights and diverse culture, but also for its real estate market. With a variety of suburbs available at different price points, it is no surprise that many are looking for the best cheap houses for sale in Melbourne’s suburbs.

For those who are looking to settle down in Melbourne, there are plenty of affordable houses that are worth considering. These houses are situated in various suburbs, ranging from those that are near the city center to those that are further out. Despite their affordability, many of these houses offer great value for money, making them an attractive option for first-time homeowners and investors alike.

Factors to Consider When Looking for Cheap Houses in Melbourne’s Suburbs

Before making a purchase, it is important to have a clear idea of what you’re looking for in a home. Here are some of the factors that you should take into account:

Location

The location of the house is perhaps one of the most important factors to consider. While it is tempting to go for a house that is situated in the suburbs, you should also take into account the distance from the city, parks, schools, and other amenities. A house that is situated near public transportation is also a great option, especially for those who are working in the city.

Condition of the House

The condition of the house is also an important consideration. If you’re looking for a cheap house, chances are you’ll need to do some renovations. However, it’s important to assess the condition of the house and determine the extent of repairs needed. Some repairs can be relatively affordable, while others may require a significant investment.

Size of the House

The size of the house is another factor that you should consider. If you’re hoping to accommodate a growing family, you should opt for a house that has enough bedrooms and living space. On the other hand, if you’re a single individual or a couple, a smaller house may be more appropriate.

Price

Of course, the price of the house is one of the most important considerations. You should have a clear idea of what you can afford before starting your search. Keep in mind that the cheapest house may not always be the best option – you should look for a house that offers great value for money.

Top Suburbs for Cheap Houses in Melbourne

If you’re looking for the best cheap houses in Melbourne’s suburbs, here are some of the top suburbs that you should consider:

Werribee

Werribee is a suburb situated approximately 32 kilometers southwest of Melbourne’s CBD. Despite its distance from the city center, Werribee has plenty of amenities, including schools, parks, and shopping centers.

Cranbourne

Cranbourne is a suburb located in the city’s southeast, approximately 43 kilometers away from the CBD. The suburb offers great value for money, with affordable house prices and a wide range of amenities.

Melton

Melton is a suburb situated approximately 35 kilometers west of Melbourne’s CBD. It is a rapidly growing area, with plenty of new developments and infrastructure improvements. Despite this, house prices in Melton are still relatively affordable compared to other suburbs.

Frankston

Frankston is a seaside suburb located approximately 41 kilometers southeast of Melbourne’s CBD. Despite its distance from the city, the suburb offers plenty of amenities, including schools, shops, and restaurants. House prices in Frankston are also reasonable, making it an attractive option for those looking for a coastal lifestyle.

Sunshine

Sunshine is a suburb situated approximately 12 kilometers west of Melbourne’s CBD. The suburb is well-connected to the city via public transportation, making it an ideal option for those who work in the CBD. House prices in Sunshine are also affordable, with plenty of opportunities for renovation and refurbishment.

FAQs

What is the average cost of a house in Melbourne’s suburbs?

The average cost of a house in Melbourne’s suburbs varies depending on the location. However, as of 2021, the median house price in Melbourne was approximately $795,000 AUD.

What is the process of buying a house in Melbourne?

The process of buying a house in Melbourne is similar to other parts of Australia. You will need to find a house that you’re interested in, inspect it, and then put in an offer. If your offer is accepted, you will need to pay a deposit and then work with a conveyancer or solicitor to finalize the sale.

Where can I find more information about buying a house in Melbourne?

If you’re looking for more information about buying a house in Melbourne, you can check out this guide by Maz Group Real Estate. The guide offers helpful tips and information for buyers looking to purchase property in Melbourne.

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