5 CBD Apartments Under $750K
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5 CBD Apartments Under $750K

Stylish city pads across Australia
on a budget.

By Terry Christodoulou
Fri, Mar 26, 2021 10:09amGrey Clock 3 min

140 Alice Street Brisbane City QLD 4000

Located in the luxurious Abian building – which offers first-class amenities, 24/7 concierge, lounge, pool, spa, gym, steam room sauna and treatment rooms – this apartment captures extensive views of Brisbane City. The 2-bedroom, 1-bathroom, 2-car pad arrives with a clean contemporary interior with travertine flooring and neutral tones throughout and is fitted with mirrored built-in robes and full-length glass windows.

Contact agent; Raywhiteeastbrisbane.com.au

 

 

195 Pier Street, Perth WA 6000

Set in the historical heart of Perth City’s north-east precinct this 3-bedroom, 2-bedroom, 2-car apartment comes in at a whopping 221sqm of living space, boasting a huge 118sqm courtyard. Designed for easy living, residents can embrace unique amenities and modern technology with the ability to choose a colour scheme on purchase. Further, the building offers rooftop amenities including a gym, residents’ dining and kitchen, entertainment room, bbq facilities, theatre and private study.

$690.000; Peet.com.au

 

1902/141 La Trobe Street, Melbourne, Vic 3000

Melbourne La Trobe

This north-east facing 19th-floor apartment offers a garden view in the heart of Melbourne CBD. The 2-bedroom, 2-bathroom apartment is situated in the Peak Apartment building which is a low-density offering with only five residences on each floor. Minutes from RMIT University, the State Library and Chinatown, it’s a chance to be in the midst of all Melbourne has to offer.

Contact agent; aus-pac.net/

 

211/130 Esplanade Darwin City NT 0800

This is expansive 3-bedroom, 3-bathroom, 2-car apartment gives stunning views over the harbour and Bicentennial Park of Darwin from its sixth-floor outlook. The apartment features a large galley style kitchen that overlooks the spacious lounge and dining room. The complex has two lifts, two resort-style pools, full-size tennis court, gym, a conference room and secure entry.

$702,000; ofndarwin.com.au/

 

1204/355 Kent Street Sydney NSW 2000


Located in the “Rex Apartment” is this light-filled 58sqm one-bedroom studio in the heart of Sydney’s CBD. Onsite facilities include an outdoor heated swimming pool and a well-equipped gym. Sleek contemporary interiors include an open plan bedroom, plus living and dining flowing to a balcony while the modern abode is within walking distance of Darling Harbour, Barangaroo, world-class shopping, dining and entertainment.

$675,000;  cityquarter.century21.com.au/

 



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Expert tips for prospective buyers looking to purchase a home in 2024.

By Josh Bozin
Fri, Apr 12, 2024 3 min

For aspiring homeowners, be it a first-time buyer, downsizer, or investor, picturing your idea of homeownership bliss is the easy part. But before deliberating on furniture choices or scouting for that perfect neighbourhood coffee, understanding your purchasing power stands out as the most important step in ensuring your success in homeownership.

And with the Australian property market gaining momentum in 2024, there’s never been a better time to come to grips with your financial options.

In 2023, amid the changing financial landscape that saw rising interest rates and the cost of living skyrocket, among other factors, the total amount borrowed for property purchases across Australia was estimated at $300.9 billion, a 12.7 percent decrease from the previous year, according to PEXA’s latest Mortgage Insights Report.

Each mainland state also experienced a decline in new lending, according to the report, with Victoria and New South Wales seeing the biggest drops to $84.1 billion and $109.5 billion, respectively.

While this trend reflects the repercussions of such financial hardships on the everyday Australian, John Morello, director and auctioneer at Jellis Craig, said we’re seeing renewed confidence in the property market during the first quarter of 2024, particularly in Melbourne.

“Auction clearance rates have started the year strongly and consumer sentiment is rising. This lift is driven by cooling inflation and an improved outlook on interest rates. At Jellis Craig, as with the rest of the market, we are experiencing an increase in volume of property compared to the same period in March last year (up 28% in 2024),” Mr Morello said.

“Melbourne’s property market, in particular, is showing its ongoing evolution and resilience.”

PEXA’s report revealed that, while borrowing saw a decrease in 2023 in Australia, Australians still invested $613.0 billion in property purchases in 2023. In 2024, purchasing confidence is only going up, as prospective first home buyers, seasoned downsizers, and savvy investors look to capitalise on a flood of new property hitting the market, coupled with the lowering of interest rates across the board.

“With more certainty in the economic outlook, along with an increase in volume of property available, we are seeing these factors translate to early signs of a boost in confidence in both buyers and sellers,” said Mr Morello.

“Further encouraging data shows that whilst there is more property available to purchase, more people are inspecting property, again indicating that demand has increased broadly across our marketplace.”

If you’re in the market for a new property, the biggest question you must ask yourself is how much house can I afford?

A great starting place is to speak with your mortgage broker or financial professional, who can guide you on your lending options. This is critical, as you need to know what your future repayment options might look like, and ultimately, what you will typically be able to afford.

A useful tool for judging whether you can afford a specific property is to factor in the 28/36 rule — a rough guide that suggests you should not spend more than 28 percent of your gross monthly income on housing, and no more than 36 percent on all debts. Another useful tool is the idea of a debt-to-income ratio (DTI); a formula whereby an individual can divide all of their monthly debt payments by gross monthly income to arrive at a number that one can measure as a way of managing monthly mortgage payments.

Mr Morello emphasised the need to understand affordability and what’s feasible for each individual when looking to make a purchase, no matter the budget, on a property in 2024.

“It’s pivotal to work out what you can afford. Get your finances in order. Consider all associated costs with buying, and research what concessions and grants are available,” said Mr Morello.

“It’s easy for individuals to begin the process today. Start actively searching potential properties on a weekly basis, and research areas you are interested in. Check weekly sales results, attend inspections and auctions, to get a feel for the process. Just remember, it’s important to be really comfortable in understanding your living expenses, and what the ongoing expenses will be once you have bought a property.

“For example, mortgage repayments, council rates, water, power, owners corp fees, insurances, maintenance costs; if you are buying as an investment, the Land Tax payable on that property which is an ongoing tax. There’s many factors to consider.”

To see what’s possible for your specific circumstances, visit our Finance Portal for specific tools, guides and tips—as well as our own mortgage calculator—to assist you on your property journey.

 

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

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