Arnold
CibbuanoWhat Does $500k Get You in Melbourne?
May 18th 2006 02:31
On to another larger cosmopolitan city, Melbourne. The prices begin to jack up again, although not to the same extent of Sydney’s property market. It seems that as a $500k investor, you could aspire to a modestly sized two to three bedroom home in the inner city suburbs.
In Fitzroy, this three bedroom/one bathroom terrace is advertised for auction around the $480-$500k mark. The land size is decent and floor plan is open. There is car access from a side lane which is very handy for city fringe living. Some renovations may be required although on the whole, the property is in good shape. It is located very close to shops, restaurants and amenities which are all within walking distance.
Drop the number of bedrooms and a $500k investment can afford you a full renovated modern abode. This one is a chic, new warehouse conversion with two bedrooms and one bathroom in North Melbourne. It features high ceilings with exposed timber beams, two mezzanine levels and a double door entry which opens into a massive free space for living quarters. The kitchen is kitted with modern, stainless steel appliances and splashbacks. There are laundry facilities and central heating systems. This is a great place for a home business or office solution.
Finally cottage living in Port Melbourne. This two bedroom, one bathroom single storey cottage has been fully renovated to move in. There is polished timber flooring throughout the living spaces and air conditioning/central heating. The bedrooms have built in wardrobes and the bathroom and kitchen have modern appliances and fittings. The property is located close to shops, amenities, parks, beaches and transportation. The design is modern and suitable for open plan living.
In Fitzroy, this three bedroom/one bathroom terrace is advertised for auction around the $480-$500k mark. The land size is decent and floor plan is open. There is car access from a side lane which is very handy for city fringe living. Some renovations may be required although on the whole, the property is in good shape. It is located very close to shops, restaurants and amenities which are all within walking distance.
Drop the number of bedrooms and a $500k investment can afford you a full renovated modern abode. This one is a chic, new warehouse conversion with two bedrooms and one bathroom in North Melbourne. It features high ceilings with exposed timber beams, two mezzanine levels and a double door entry which opens into a massive free space for living quarters. The kitchen is kitted with modern, stainless steel appliances and splashbacks. There are laundry facilities and central heating systems. This is a great place for a home business or office solution.
Finally cottage living in Port Melbourne. This two bedroom, one bathroom single storey cottage has been fully renovated to move in. There is polished timber flooring throughout the living spaces and air conditioning/central heating. The bedrooms have built in wardrobes and the bathroom and kitchen have modern appliances and fittings. The property is located close to shops, amenities, parks, beaches and transportation. The design is modern and suitable for open plan living.
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