Buying a house

[bellmeister]

So I am seriously considering putting an offer on a place in Reservoir for $465,000. It is a 3 bedroom place, 2 Bathrooms, a large lounge-room, (possibly big enough for a table tennis table.), small yard, 5 minute walk to nearest station

Comments

[aetherfox]

I ended up picking the city because that guarantees a good commute no matter where you work. If in city you walk, if outside it's a drive that is counter flow.

[bellmeister]

I didn't know you had bought a place.

My girlfriend will probably end up needing to drive for work (disability home care) so that would make city very painful. As long as I have easy access to the train and it doesn't take too long to get in, I'm not too worried about that aspect.

[aetherfox]

Why would it be painful? I have a pretty good commute to work from the city.

[bellmeister]

I'm saying my girlfriend would have a painful commute if she started from CBD traffic. If it wasn't for her work, I would seriously consider giving up my car.

[pfctdayelise]

is it online? linkylink??

city apartment vs burbs house are pretty different experiences. I guess it depends a lot if you think kids are a possibility in the next 10 years (pregnancy/kids+moving/renovating seems common but horrible, move to a house first and only have one major life change at a time :)) in which case also look at local schools!

Reservoir is gonna be the new Thornbury pretty soon. also, people are just going to be spread out, I don't think you can rely on having friends nearby anywhere. Having 2 is a pretty good start actually.
You can cycle to the city from there, admittedly a decent commute, but a super great path. you may also be near the 67 tram which can be nice. zone 2 though? blerg...

1 BR 1 bathroom for 415 is just depressing :( not even a study? I mean my sense of prices is not well calibrated to the actual market, but for that kind of money an actual house does seem an awful lot better.

[bellmeister]

http://www.domain.com.au/Property/For-Sale/Townhouse/VIC/Reservoir/?adid=2010004202

Yeah it is a toss up between buying for where I am now in life compared to buying to where I might be in 5 years. I've moved work locations to Latrobe Street, and have stopped riding til I spend some time to figure out how to get here..

415 for a spacey 1 bedroom with a carpark is probably about right I am sad to say.

[pfctdayelise]

oh, it's a townhouse. quite new, hence the price I guess. It seems weird that the bedroom windows don't have blinds/curtain rail?

unless you are in a screaming hurry, I would spend a while looking, i guess? is having a new-ish place important? I would have thought an older place in reservoir was significantly cheaper.

my workmate just suggested that for a similar price you could get a 2BR place around St Kilda area.

[pfctdayelise]

also I can totally see you walking to Reservoir station from there, which is zone1+2.