Buying on a budget in Melbourne’s falling property market still a challenge
While Melbourne's property prices are still in decline, buyers and real estate investors on a tight budget can still expect to face a daunting challenge.
Houses are off the shopping list with a $500,000 budget in Melbourne, but a one-bedroom apartment in this North Melbourne complex is achievable. (Image source: Shutterstock.com)
Houses are off the wish list for anyone looking to purchase a property in Melbourne with a budget limit of $500,000.
For those shopping for a property with such limited budget, even quality units close to the CBD are scarce at that half a million dollar price tag.
In Perth, Adelaide and Brisbane property buyers can find a house in a good suburb for that price, but that’s almost mission impossible in Melbourne.
Buyers can expect to be inspectin…
