{"id":6806,"date":"2018-02-23T11:06:25","date_gmt":"2018-02-23T11:06:25","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/?p=6806"},"modified":"2018-02-23T11:06:25","modified_gmt":"2018-02-23T11:06:25","slug":"affordable-opportunities-around","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/affordable-opportunities-around\/","title":{"rendered":"Affordable opportunities around"},"content":{"rendered":"<p><strong>Despite double-digit annual price growth across the state, regional Victoria continues to offer affordable opportunities for buyers to get a foothold on the property ladder.<\/strong><\/p>\n<p>The latest REIV December quarter figures show the top 10 most affordable towns in regional Victoria all boast median house prices below $230,000.<\/p>\n<p>Stawell in western Victoria is the state\u2019s most affordable town with a median house price of just $175,000 \u2013 less than half the regional median house price of $396,500.<\/p>\n<p>This was closely followed by a number of towns in the Latrobe Valley in Gippsland, including Morwell where buyers can enter the market for a median price of $180,000.<\/p>\n<p>Nearby Moe and Churchill also offer value for money with median house prices of $185,750 and $186,000 respectively.<\/p>\n<p>The Gippsland town of Newborough is another affordable entry point for buyers, with a median house price of $215,000.<\/p>\n<p>Maryborough, Benalla and Red Cliffs also offer affordable alternatives for buyers with median house prices of $200,000, $219,500 and $227,000 respectively.<\/p>\n<p>Buyers on a budget should also consider towns in the western districts, including Horsham and Ararat where the median house price is less than $230,000.<\/p>\n<p>In addition, first time buyers in regional Victoria can also take advantage of a number of government initiatives, including the removal of stamp duty for homes under $600,000. First homebuyers purchasing a newly built home under $750,000 may also be eligible for the First Home Owners Grant, which is now $20,000.<\/p>\n<p>The HomesVic shared equity scheme is also available to buyers on an individual income of less than $75,000 or couples on a combined income of less than $95,000. The pilot scheme requires prospective purchasers to have at least a five per cent deposit, with the Government funding up to 25 per cent of the purchase price. The Government will recover its proportional share of the property on sale.<\/p>\n<p>For more information on median house prices by town, head to reiv.com.au\/market-insights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite double-digit annual price growth across the state, regional Victoria continues to offer affordable opportunities for buyers to get a foothold on the property ladder. The latest REIV December quarter figures show the top 10 most affordable towns in regional Victoria all boast median house prices below $230,000. Stawell in western Victoria is the state\u2019s [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/affordable-opportunities-around\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":54,"featured_media":4458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-6806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Affordable opportunities around - Bellarine Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/affordable-opportunities-around\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Affordable opportunities around - Bellarine Times\" \/>\n<meta property=\"og:description\" content=\"Despite double-digit annual price growth across the state, regional Victoria continues to offer affordable opportunities for buyers to get a foothold on the property ladder. The latest REIV December quarter figures show the top 10 most affordable towns in regional Victoria all boast median house prices below $230,000. 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