Beautiful home but in all honesty I feel Berwick is extremely over-priced considering it's 45km-50km from Melbourne.
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The Donners:- Although Berwick may seem a long way out of the city, I'd ave to disagree about being over priced. My partner works on St Kilda Road, we used to rent a house in North Balwyn. When we lived in North Balwyn it would take Emma 40 minutes to get to work and an 1:15 to get home. That was 16km away. From our house in Berwick it take Emma 1:15 each way. So yes, her morning commute is longer but her home commute is the same even through we're further out.
The house we rented in North Balwyn was a tiny 3 bed unit. It was only 10 years old but was obviously built to a very tight budget. It was small, cold, drafty and had no usable outdoor space. The walls were cracking and the driveway was shared with 4 other units. That unit sold for $640k in August last year. Although we were technically closer to the city there, time wise there wasn't really a lot of difference. Where we are in Berwick we are a lot closer to all the things we like to do on a weekend, we're down the Peninsula in no time, or up the hills in no time and still only a 45 minute train ride from Flinders St yet for similar money as a city suburb unit you can have a very well specked modern house on a decent patch of dirt.
I know a lot of people would rather live in a smaller property closer to work & the city, but for us we'd rather enjoy where we live and put up with a longer commute than compromise on what we live in for the sake of where we work.
For the same size block 15km further out we're potentially looking at an extra $100k-$200k (Berwick)... what the??? Ideally we'd want an acre minimum - wish us luck!
If anyone has any suggestions as to where I could find an acre for around $500k-$600k within 50km-60km of the city with an established home I'd be very appreciative. At least if someone could point me to a similar area to that I've described... for PPOR not IP. Also while I'm here, is it a good time to be looking at upgrading our PPOR or should we hold off a little?
Oi! Get your own desperate house sale thread!
Good luck with yours too.
What is it with people that don't have any idea what they would be able to borrow before they start throwing signed contracts around!
propagate
Did you have to discount the price by much?
cheers