![First housing buyers](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Young Melbourne buyers are pointing to growth suburbs such as Craigieburn and Pakenham to advance Melbourne’s hard real estate market. Image: Tony Gough
Millennials and gene generation could have a more difficult path towards property than their parents, but experts say there are still ways to trade even some of Melbourne’s richest areas.
You just need to know where to look.
In Craigieburn, the average price of the housing of 2025 is at $ 610,000, six times the nations on the average annual salary of approximately $ 100,000.
Related: Myer Family reveals a new aspect for a $ 100 million assets
Geelong Global Fashion Company Eyes New Warehouseing
Tenant’s dream: five percent deposit changes everything
In Trneit, the typical house costs $ 645,000, with other suburbs that offer a more affordable starting point that includes Wyndham Vale, $ 607,000, Pakenham, $ 590,000, Weribee, $ 610,000, and Frankston, $ 715.
And with access to infrastructure, lifestyle comforts and growth populations, there is the possibility that these prices grow.
Ray White Frankston agent, George Devic, said the demand was strong in the Frankston area, particularly younger buyers and investors.
“If it remains below $ 850,000, you are seeing many buyers of the first house and local and interstate investors in the market,” Devic said.
“Buyers are active, and we are seeing that the entire suburb is still attractive, from entry level houses to blue chip pockets.”
Proptrack economist Eleanor Cregh said that capital growth is still possible for buyers who choose wisely.
The senior economist of Proptrack, Eleanor Creagh, added that, although buyers who enter today it was unlikely that they saw the same exponential profits as their parents, real estate remained a powerful long -term investment.
“Entering the market is still a first crucial step, and with the right purchase in the right place, there is certainly potential to generate wealth on time,” Creagh said.
Buyers of the first house are obtaining affordable properties in the exterior suburbs of Melbourne to build long -term wealth. Photo: Wayne Taylor
The suburbs that are once overlooked are now hot properties, since the Z generation and millennials change purchase strategies. Image: Jason Edwards
“Even if the trip looks different, the principle of long -term equity growth is still true.”
The concept is based on a relatively affordable investment that wins value in a long period of time. If a person can acquire multiple houses, they could allow them to sell the most affordable group of residences to finance a house in a much more expensive neighborhood.
The buyer’s lawyer, Madeleine Roberts, says that Australian young people are using intelligent tactics such as rental investment to build wealth through property.
The director of Defense and the agent of the buyers, Madeleine Roberts, said that the young Australians were finding new ways of developing wealth, from the investment of rentals to the purchase in future suburbs of lifestyle.
“I grew up in Rye, at that time it was a sleepy city on the beach. It is now a suburb of one million dollars,” Roberts said.
“Shows how much potential lies in the lifestyle -driven areas that were overcome.”
The growing demand in areas such as Frankston is promoted by investors and young buyers with a price of the interior of Melbourne. Image: David Caird
Strategic properties purchases in lifestyle suburbs are helping the youngest Australians follow the path to property. Photo – Istock
The buyer agent added that younger buyers were “more with an investment mentality” than previous generations.
“They know that the dream house will not land magically in its lap,” he said.
“They are using property as a heritage construction tool, it is about being strategic from the beginning and understanding how to make the market work for them.”
Register in the Weekly Real Estate Update of Herald Sun. Click here to get the latest Victorian news of the real estate market delivered directly to your inbox.
More: why the block architect says that Beige is over
Newport Home Stuns with revelation of prices after auction
‘Excited’: a seller, three separate first -house buyers
David.bonaddio@news.com.au
]