There are plenty of reasons why people are looking beyond the CBD when buying their first home. Not only is it a cheaper option – with city property prices fast approaching record highs – but it also offers a more laid-back lifestyle with all the accessibility of living close to the CBD.
If you’re ready to buy your first home, here are five reasons why it’s more attractive to buy in the outer suburbs – where everything you need is at your doorstep.
1. Property and land are more affordable
Homebuyers have been turning away from the CBD and looking towards the outer suburbs for years. Why? A multitude of reasons, but the biggest factor has to be price.
If you’re focused on buying and living in the CBD, especially as a first home buyer, your options will be very limited. Escalating property prices are a barrier to entry for most, it may mean you have to look at apartments rather than a house. Plus, higher prices in the city also mean you probably won’t be able to take advantage of the First Home Owner Grant or the First Home Loan Deposit Scheme.
By moving to the suburbs you’ll have a much wider selection within your price range, and you may also be eligible for government grants. For a first home buyer who wants to spend at least a few years in their initial property, that could be a big selling point for livability.
2. It’s a more relaxing lifestyle for commuters
One of the major gripes for anyone living or commuting into the CBD is stressful congestion. Whether you’re driving, catching a tram or train, or simply walking during peak hour, heavy traffic can really put a dent in your happiness levels.
Move to the outer suburbs, though, and you’ll find there’s fantastic accessibility into the city via public transport, as well as that enjoyable feeling of ‘relief’ once you arrive home. That means you can commute into work as normal but then return to your tranquil, relaxing community away from the loud hustle-and-bustle of the city.
3. Get the best of both worlds
Lifestyle should be a big factor when purchasing a property, and by looking beyond the CBD and the inner suburbs you can get the best of both worlds: the charm of a country-style, quiet community with all the convenience of still being relatively close to the city.
Many outer suburban areas are only a 30-minute drive from the CBD but offer wide-open, green spaces where first home buyers can settle down in a laid-back neighbourhood. That means even if you work in the city you can leave the stress at the office and escape to your quiet home in the suburbs.
4. Live in a community of like-minded people
Buying in a contemporary master-planned community like Bloomdale means you are buying a specific lifestyle. You’ll be living among like-minded neighbours in an established close-knit community, as well as close to all the essential amenities you need, like cafes, shopping centres, health facilities, sports grounds, schools and public transport.
This type of suburban lifestyle is something you can only get when you look beyond the CBD – the fast-paced city living is a far cry from the calm of a family-friendly community.
5. You can create the home of your dreams
Vacant land is almost non-existent in major CBDs, which means you’ll have to settle for purchasing an existing property if you want to live close to the city.
But by venturing further afield you can build the home of your dreams in a suburb that matches your lifestyle. Whether that means buying land for sale and building a custom-designed home, or going for a stylish house and land package, everything is so much simpler.
For the best of country charm, comfort and contemporary living, as well as the Melbourne CBD just a 30-minute drive away, Bloomdale is the place to be. With a wide choice of block sizes to suit your needs and established facilities at Diggers Rest, you’ll enjoy life in full bloom and the convenience of connection from the first moment you enter the community.