Want to Buy Your First Home in Melbourne? Let’s Help You to Find the Right Location

Buying your first home in a place like Melbourne is a hard nut to crack, but not an impossible one. Being a first-time homebuyer, you would be dreaming of a home that uplifts your standard of living and at the same time suits your lifestyle. More importantly, you would be expecting that the value of the property grows with time.

For your help, we have sorted and listed some locations, categorised according to living needs within a budget of $500,000 in and across Melbourne. Moreover, you can also consult a mortgage broker to know about any specific location and seek assistance for home loans in Melbourne as per your affordability.

In the Central…

Central Melbourne is the location that ranks high in new unit development. In a budget of $500,000, you will likely be restricted to a one-bedroom apartment in low or mid-rise complexes. As a first time buyer, be smart to look for a property with minimum 50 m2 of internal space in a decent locality with ample source of natural light, good build quality and easy accessibility of essential services.

In Central Melbourne, you can find one bedroom homes in -

• Hawthorn – Median price: $381,000 – 5 year average growth pa: 7.5%
• St Kilda West – Median price: $426,000 – 5 year average growth pa: 5.3%
• Northcote – Median price: $380,000 – 5 year average growth pa: 4.8%
• Abbotsford – Median price: $443,000 – 5 year average growth pa: 4.5%
• Port Melbourne – Median price: $472,000 – 5 year average growth pa: 2.5%

In the Suburbs from CBD…

First time buyers can find capacious two bedroom units in the suburbs 8-15 km out from the Central Business District of Melbourne.

Here, the two bedroom homes that rate well can be found in -

• Nunawading – Median price: $478,000 – 5 year average growth pa: 7.0%
• Alphington – Median price: $491,000 – 5 year average growth pa: 5.9%
• Williamstown – Median price: $510,000 – 5 year average growth pa: 5.6%
• Blackburn – Median price: $505,000 – 5 year average growth pa: 5.0%
• Moorabbin – Median price: $483,000 – 5 year average growth pa: 4.0%

In Far yet Close Locations…

If you are looking for a dwelling in an isolated area or a location with no neighbours on either sides, then a $500,000 budget is taking you out into suburbia. There are some older areas near to the city in the north and west attracting large numbers of first time homebuyers.

Look for a three bedroom home in -

• Croydon – Median price: $500,000 – 5 year average growth pa: 5.5%
• Sunshine – Median price: $465,000 – 5 year average growth pa: 5.1%
• Ferntree Gully – Median price: $475,000 – 5 year average growth pa: 4.8%
• Reservoir – Median price: $535,000 – 5 year average growth pa: 4.5%
• Glenroy – Median price: $500,000 – 5 year average growth pa: 4.0%

Credit Repair Services in Melbourne, Australia. Do They Really Fix Your Bad Credit?

One in every ten Australian individual struggle with their compromised credit ratings. Reasons could be any, whether it is because of payments missed in past or number of debts, bad credit rating is always a huddle to overcome that eventually makes the credit repair process a daunting task.

To have a poor credit score does not mean that you’re a person with bad intention, instead, it shows that it’s time to take the first step to fix bad credit in Melbourne Australia.

So, what’s Credit Repair?

To explain the term in its simplest way, we can say that credit repair is actually a process clubbed with strategies and techniques to improvise the ratings and wipe out the errors present on the credit file.
Credit repair is done with the help of credit repair specialists; the experts who assess and perform credit rating check in Melbourne on your behalf and work together to lower the number of negative marks present on your credit file.

When you have missed some payments on your credit card, personal loan or a mortgage, your credit file is most likely to show all those negative marks from the past. These negatives are always visible, which means if you apply for any loan or new credit card you may be denied by the lender, even if you restored your credit history.

Thus, credit repair services help people with bad credit to wipe off these negatives and make you credit ready to get approved in the future. The experts work with your creditors to remove negative marks and reduce the number of clerical errors present on a credit file.

Credit Repair Services

Even though fixing a bad credit seems a great option, there are some credit repair companies that spoiled the reputation of the services. More often, such companies charge excessive fees to repair the credit, some of them will influence you to borrow new loans or credit cards in order to pay off number of debts, without taking care of the negative marks in your credit file. Thus, to make certain that you are working with a reliable company, steer away from those who failed to provide results for their clients.

For genuine credit repair services in Melbourne, there are a few companies like Loans Direct that boasts a time-honoured reputation with their clients and delivered results that shows competency in removing negative marks efficiently. If you need help in your individual situation, talk to the credit repair specialists at Loans Direct.