Buying Your First Home in Melbourne

overview.

Where in Melbourne can you still buy with a deposit as low as $21k? Dad and I go through three suburbs, including one only 4km from the CBD, and run the real listings: apartment versus house, the deposit, the income, the loan.

On the mic with me is Dad, John Kefalianos: finance broker, property developer, and the person I trust to tell me where Melbourne is still in reach.

"Cheap on the ad is not the same as affordable. The number that matters is what you can hold once you own it."

John Kefalianos

what you'll learn.

• Three Melbourne suburbs that are still in reach on a small deposit
• Apartment versus house, compared on the actual numbers
• How Victoria's government guarantee scheme changes the deposit
• How to read bait pricing before you fall for it

Prefer to read? Grab the free first home buyer guides.

part of: deposit and grants guide.

see also: first home buyer Victoria · affordable suburbs in Melbourne

chapters.

Tap a chapter to jump the video to that point.

1. 00:00 Introduction
2. 00:22 Travancore: A Budget-Friendly Apartment
3. 01:15 Understanding the Low Prices of Apartments
4. 02:03 Income Requirements for First Home Buyers
5. 03:21 Transitioning to Houses: Laverton Overview
6. 04:08 Analysing the Laverton Property Market
7. 05:12 Evaluating Property Conditions and Competition
8. 06:01 Income and Deposit Requirements for Laverton
9. 06:37 Jacana: A Competitive Suburb
10. 07:05 Property Features and Auction Insights in Jacana
11. 08:06 Financial Breakdown
12. 09:37 Conclusion

links Nicola & John mentioned.