Is it possible to buy an apartment in Melbourne for less than $200k that IS NOT student only??
6 Answers
A couple on the following link that would be worth making offers on https://www.micm.com.au/search-results/?list=sale&suburb%5B%5D=Abbotsford&suburb%5B%5D=Carlton&suburb%5B%5D=Docklands&suburb%5B%5D=Kew&suburb%5B%5D=Melbourne&suburb%5B%5D=Parkville&suburb%5B%5D=Point+Cook&suburb%5B%5D=Sanctuary+Lakes&suburb%5B%5D=South+Melbourne&suburb%5B%5D=Southbank&suburb%5B%5D=Truganina&suburb%5B%5D=Werribee+South&suburb%5B%5D=West+Melbourne&suburb%5B%5D=Williams+Landing&suburb%5B%5D=Wyndham+Vale&price_min=&price_max=200000&bedrooms=&bathrooms=&term=#.V1AV9ZN95E4
Yes it is possible - I don't think this apartment is student accommodation. http://www.realestate.com.au/property-unit-vic-south+yarra-107830696
The thing to note when buying a 1 bedroom is the size - most lenders will require min 45-50 sqm for lending over 60-70%
Good luck.
And it is still possible! Watch for properties on Barry and Leicester Street Carlton just minutes walk from the CBD. Alternatively keep your eye out on the listings on Viva Property website here: https://vivaproperty.com.au/residential/sale
Yes it certainly is. However for less than $200k you will be most definitely looking at a Studio apartment of approximately 15-25sqm in size.
That is excellent advice from Sarah! It 100% true (unless you go to a shark lender who may lend the money with dodgy terms).