Melbourne suburbs where houses cost less than $1.3 million
In Melbourne, potential home buyers with an average dual income can afford houses in various northern, western, or outer southeastern suburbs. However, many inner suburbs remain out of reach due to high prices, especially for families. Single buyers face even fewer options, primarily in the outer western suburbs, while unit buyers have more choices in inner areas.
- ▪A dual-income couple on an average wage can borrow up to $1,307,250 for a home.
- ▪House prices in suburbs like Mentone, Vermont, and Brunswick East are within reach for those with a $1.3 million budget.
- ▪Single buyers looking for houses have limited options, primarily in outer western suburbs like Werribee and Melton.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.