( Realestate) – We’re back with Property Buzz, our new segment presented by McCafé. Here, host Michael ‘Wippa’ Wipfli plays the mediator for Lucia and Billy, a successful young couple ready for their next home upgrade… and baby
There’s just one problem: Lucia values culture and lifestyle, while Billy wants one thing, land.
Here are five areas across the eastern seaboard where you can still get a three or four bedroom family home for under $1 million, without sacrificing on lifestyle features, like great coffee, shopping options and lush parkland.
1. Sutherland Shire, Sydney
Before you argue that family homes don’t exist in Sydney under $1 million, let’s take a trip south.
The Sutherland Shire, or ‘the Shire’ if you’re a local, offers seaside living at a fraction of Sydney prices.
You might not find anything suitable in Cronulla, the Shire’s crowning jewel, but look slightly further afield and you might be pleasantly surprised. With a 550sqm block size, this three-bedroom, two-bathroom home in Engadine is not so far from the action, and offers plenty of opportunity for value-adding renovations.
42 Tobruk Avenue, Engadine is listed with a price guide of $890,000-$950,000. Picture: realestate.com.au/buy
2. North of Moreland Rd, Melbourne
Pascoe Vale, Coburg, Preston, Heidelberg – the pocket of suburbs just north of Moreland Rd, and extending past Bell St, are worth a look-in if you’re after family homes near inner-city amenities.
Big Californian bungalows or brick-veneer 50s-style homes are the mainstay here, and on big blocks just 15 minutes drive from the city, they’re a solid investment.
73 Bruce Street, Coburg has a price guide of $950,000-$1,000,000. Picture: realestate.com.au/buy
3. The Hills District, Sydney
Named for its characteristically hilly topography, Sydney’s Hills District is fast becoming a sought-after location for family home buyers.
Incorporating the north-western suburbs of Greater Western Sydney, there are plenty of family-sized homes and new house and land packages to be found for under the $1 million mark.
Pay between $870,000-$900,000 for the four-bedroom home at 15 Farrier Way, Kellyville Ridge. Picture: realestate.com.au/buy
4. The Yarra Ranges, Melbourne
You’d have to sacrifice proximity to the CBD, but not necessarily lifestyle, especially if its hilly green outlooks and locally-sourced produce that you value.
Melbourne’s version of ‘the Hills’ is this: the suburbs spanning Ferntree Gully, Belgrave, Kallista, Mount Dandenong and Monbulk, full of relatively affordable family gems. The highest median price of these suburbs is Ferntree Gully, still coming in well under $1 million.
This expansive Belgrave family home is currently under offer. Picture: realestate.com.au/buy
5. Brisbane… Take your pick
While the median price in Sydney may be well above the $1 million mark, Brisbane is still a way off – which is good news for anybody living there or considering a move up north.
Take your pick from any of the family-friendly suburbs from Paddington in the inner west to Herston further north, where the median price is still just $770,000. If your budget cap is $1m, you can afford to buy something a bit more spacious and luxurious.
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