Like any state in Australia, Victoria has a range of different grants designed to help home buyers. If you are a first home buyer, you may be entitled to the First Home Owner’s Grant, a $7000 grant for properties under $750,000. On top of this, depending on some factors of your home, you may also be entitled to an additional First Home Bonus and a First Home Owner Boost. If you’re looking at land sales in regional Victoria, you may also be eligible for a bonus grant as well.Choose your suburbs wisely
There is no point looking for property in the CBD if you hate noise and would rather be looking for land for sale, Cranbourne; nor is it a wise idea to move far away if you’re planning to work in the city centre. Like Sydney, Melbourne is a large city that grew organically and is spread out through many suburbs; make sure do to your research thoroughly before committing.Apartment or home?
In cities like Sydney and New York, apartments are rife throughout the city and can be expensive no matter where you look. However, Melbourne is not the same; suburban properties generally manifest in houses or townhouses, and if you pay the same price as a house for an apartment 30km from the CBD, you may be getting cheated.
Living outside of Melbourne
Melbourne isn’t the only nice area to buy property; in fact, regional Victoria can have some fabulous neighbourhoods as well. If you’re looking for more affordable property and want to be away from the hustle and bustle of the city, a place like Ballarat or Geelong may be more suited for you – Geelong is a particularly wonderful seaside city that has a relaxed way about it (completely different from its Melbourne counterpart!).
Tania James is a freelance writer who adores Melbourne. Her favourite suburb in Melbourne is Deer Park – it’s a bit far away, but it just has a certain charm…