Tips to Find a Home in and Around Melbourne

Finding a dream home in the heart of Melbourne, one of the most beautiful and thriving cities in Australia can be a milestone for first-time home buyers. The city is known for its vibrant neighbourhood, high-end infrastructure development facilities, best education options, job opportunities and cultural diversity.

The capital of Victoria is also known for its lavish, modern and beautiful housing options to suit different budgets and lifestyles. Whether you are buying a home for the first time or looking to upgrade your lifestyle, the city has a plenty of options to offer. Keep on reading this guide and make a well-informed decision for your home investment:

Let’s Get Started!

1. Research the Neighbourhood

Melbourne has some of the most thriving and livable suburbs in and around the CBD as well as exterior areas. Each suburb has a unique character, features and appeal.

If you want a new home close to the CBD or experience cultural scene, live in Flemington, Fitzroy, South Yarra and Cartlon. You can also opt for family friendly suburbs, such as Glen Waverley and Hawthorn. These offer great schools, parks and local amenities.

People with low budget can option for outer suburbs like Frankston and Werribee. These suburbs offer affordable housing options while maintaining good public connectivity to Melbourne.

2. Establish a Clear Budget

Believe it or not! Melbourne’s housing market is competitive. Thus, it is good to do proper research and create an estimated budget for your new abode. Know your borrowing capacity or rental affordability depending on your income and expenses.

You should consider key factor in additional costs such as stamp duty, legal fees, or property maintenance for buyers. It is good to use calculators or hire a mortgage broker or financial advisor to know your financial capabilities and set budget accordingly. You can shortlist the location and housing options depending on your finances.

3. Discover About Properties Online

Finding a home in today’s busy and hectic schedule can be challenging. However, you can streamline the process by conducting an online research. You can find various reliable online real estate platforms to find homes in preferred locations. You can search filters to shortlist your preferences, such as location, price, property type and number of bedrooms. Setting up alerts of new listings can also make your life easier. You can also hire a local real estate agent who can do the same and help you find your dream homes.

4. Conduct Inspections and Open Houses

If you are planning to buy a home in Flemington, you will need to conduct inspections to assess the property beyond their online photos and videos. Check the building structure, electrical systems, plumbing and other key aspects before making the final decision. Also, observe the layout and natural lighting to ensure the space suits your needs.

Do not forget to take note of the surrounding area, including noise levels, traffic, and proximity to essential services like schools, and public transport.

5. Be Prepared to Act Quickly

The real-estate market in Melbourne can be unexpected, particularly in popular suburbs like Flemington. So, ensure you ready your paperwork, such as proof of income, identification documents, references for renters and pre-approvals. Also, stay in regular contact with agents to keep a track on the journey.

Acting quickly and decisively to increase the chances of securing your ideal home in a competitive market.

Wrapping up

These are some of the important options to consider when buying a home in popular suburbs like Flemington. This guide will help you make a well-informed decision.