No Comments

Five of the NT’s best homes for sale right now

4004/27 Woods St, Darwin City. Picture: Real Estate Central

IN the market for a new home or an investment property in the Territory? Here are five of the best homes for sale right now.

35 Waters St, Rapid Creek

4 bed, 2 bath, 2 bar

Auction on August 18

This is a functional family home that been stylishly renovated over time.

Enter directly into the open-plan living/dining area that features a large bank of glass louvre windows and opens onto one of two covered alfresco entertaining areas that feature in the large backyard.

The generous family-sized kitchen is off the main living/dining area and features ample bench and cupboard space, including a large pantry, plus stainless steel appliances including a gas cooktop and double drawer dishwasher.

An under-stair study nook and bathroom with floor-to-ceiling tiles and a corner shower completes the lower level.

Supplied Editorial

35 Waters Street, Rapid Creek. Picture: Real Estate Central

Supplied Editorial

35 Waters Street, Rapid Creek. Picture: Real Estate Central

Supplied Editorial

35 Waters Street, Rapid Creek. Picture: Real Estate Central

Upstairs, there are four oversized bedrooms and a second bathroom with a corner vanity, shower over the bath and separate toilet. There are built-in robes to all four bedrooms, which also split-system airconditioning.

Two covered entertaining areas provide plenty of alfresco living space, and the fully-fenced in-ground pool is surrounded by lush established tropical gardens.

There’s also a huge rear lawn for an active family lifestyle, a water feature and a garden shed in the backyard.

  • Real Estate Central -Sascha Smithett, 0414 909 506 or Karl Secondis, 0455 666 000

4004/27 Woods St, Darwin City

3 bed, 2 bathroom, 2 car

$559,000

Seize this incredible opportunity to buy into one of the most sought-after luxury apartment buildings in Darwin.

The immaculate executive apartment showcases stunning harbour views, and with only two apartments per floor, your privacy and security is assured.

The five-star complex also features a pool, gym multipurpose function room and childrens’ playground, and is easy walking distance to all Darwin CBD amenities including the mall and waterfront.

4004/27 Woods St, Darwin City. Picture: Real Estate Central

4004/27 Woods St, Darwin City Picture: Real Estate Central

4004/27 Woods St, Darwin City. Picture: Real Estate Central

Enter into the main open-plan living/dining area where stunning wall-to-wall harbour views beckon you out onto the huge corner balcony.

You’ll cook up a storm in the premium modern kitchen that features quality appliances, and the large master bedroom is off the dining area.

A dressing area with built-in corner robe to the master bedroom, plus a stylish open ensuite with twin vanity, oversized shower and private toilet add a distinct five-star element to the apartment.

The dedicated study has access to a second balcony.

  • Real Estate Central – Sascha Smithett, 0414 909 506 or Karl Secondis, 0455 666 000

69 Forrest Parade, Bakewell

3 bed 1 bath 2 car

Offers over $395,000

Comfortable family living is a dream in this ground level home that combines a large open plan living with two undercover entertainment areas to relax and enjoy.

The yard is large with side access to the backyard. There is also plenty of room in the yard for pets and kids to play, and a huge shed.

The property is only walking distance to Bakewell Primary School, minutes from the Bakewell shopping complex and five minutes away from the Palmerston CBD.

69 Forrest Pde, Bakewell. Picture: Elders Real Estate

69 Forrest Pde, Bakewell. Picture: Elders Real Estate

69 Forrest Pde, Bakewell. Picture: Elders Real Estate

The home is freshly painted and with new window features, and is airconditioned throughout.

There is a spacious open plan living area with adjacent dining area.

The kitchen features a breakfast bar and overhead cupboards, ceramic cooktop, stainless steel oven and dishwasher.

The master bedroom has built-in robes and a view of the rear yard, while the remaining queen-sized bedrooms feature built-in robes and airconditioning.

There are also full length front and rear verandas.

  • Elders Real Estate – Trish McClelland, 0418 612 640

12/1 Dinah Court, Stuart Park

3 bed, 2 bath, 2 car

$365,000

Superbly positioned within the Tipperary Waters precinct, this three bedroom apartment offering generously proportioned interiors is sure to impress.

Situated in a contemporary low-rise complex of only twelve units boasting a resort style pool, there is a lot to like about this especially spacious apartment.

It’s not often that you will find a home only moments away from thriving local shops and eateries and minutes from the central business district, yet offers resort-style living all year around and precious tranquillity within its walls.

12/1 Dinah Ct, Stuart Park. Picture: Elders Real Estate

12/1 Dinah Ct, Stuart Park. Picture: Elders Real Estate

12/1 Dinah Ct, Stuart Park. Picture: Elders Real Estate

Surrounded by established tropical gardens and towering shady trees, this lovely apartment offers a spacious, cool and private sanctuary.

There is also a spacious private balcony where you can entertain guests.

  • Elders Real Estate – Maria Georges, 0412 343 942

2 Broadbent St, Parap

3 bed, 2 bath, 2 car

Offers from $599,000

This Parap property is an ideal home for first homebuyers, families or even investors, and now is the time to purchase in a popular central area at an affordable price.

Tiled and airconditioned throughout, this home also offers separate living and dining areas, with a great kitchen allowing you to cook and entertain at the same time.

The kitchen features large benchspace, a gas cooktop and ample storage and has been freshened with a modern feel.

2 Broadbent St, Parap. Picture: O’Donoghues First National Real Estate

2 Broadbent St, Parap. Picture: O’Donoghues First National Real Estate

2 Broadbent St, Parap Picture: O’Donoghues First National Real Estate

The master bedroom features an ensuite and walk-in robe and bedrooms two and three also offer built-in robes.

The main bathroom has a bath with a separate shower.

Outside is an undercover entertaining area overlooking a low maintenance yard, and there is an in-ground spa to the back of the property ideal for those warmer months.

With the CBD only a short commute away, quality schooling close by, and the redeveloped Parap swimming pool, Parap village, Saturday markets and a playground only metres away, this opportunity should not be missed!

  • O’Donoghues First National Real Estate – Michael Keith, 0422 512 926

For more hot property deals, see the NT News’ real estate guide, out each Saturday.

The post Five of the NT’s best homes for sale right now appeared first on realestate.com.au.

No Comments

East Melbourne house comes with huge artwork too big to move

The massive painting on the left will be staying put.

An East Melbourne original is on the market for an avid collector.

And the architect-owned house at 63 George Street isn’t the only piece on offer.

The three-bedroom house, on the market with price expectations of $2-$2.2m, features a purposely commissioned artwork over 4m tall that is too tall to be moved.

RELATED: First-home buyer guide to negotiating new builds


HomeBuilder extended in Victoria due to stage four lockdown


Eaglemont mid-century modern house a tasteful reno masterclass

No. 63 George Street is in an enviable East Melbourne location.

A welcome sight to come home to.

“That will be a good present for the buyer,” joked Bekdon Richards Hawthorn associate Mark Kainey.

Artworks by various Australian artists line the walls of the hallway, entertaining spaces and bedrooms.

The two-storey home, owned by an avid art collector for the past four decades, is over 100 years old.

Can you guess which painting is too big to move?

A skylight ensures the kitchen stays warm and inviting.

More artworks, convenient book shelves and a Juliette balcony.

“It’s one of the original buildings of East Melbourne,” Mr Kainey said.

“There are so few homes in the area, and these properties are very tightly held.”

A private rooftop terrace sits alongside the main bedroom, linked to the lower level via a spiral staircase.

“What impressed me the most is the indoor-outdoor lifestyle,” Mr Kainey said.

An upstairs deck has been transformed into succulent central.

The deck has outlook over East Melbourne.

Timber ceilings are on display throughout the home.

The home hasn’t changed hands in four decades.

“The upstairs deck overlooks East Melbourne and is something to behold. It’s a great, quiet oasis.”

There’s also a spacious upstairs study with a Juliette balcony and timber ceiling panels.

READ MORE: Richmond ‘cashmere’ house smashes price expectations


Melbourne stage four restrictions: Online auction flurry as full lockdown hits


Interior design on a small budget: How less money can be a big win

jack.boronovskis@news.com.au

@jackboronovskis

The post East Melbourne house comes with huge artwork too big to move appeared first on realestate.com.au.

No Comments

Gold Coast Mayor Tom Tate sells main river mansion

124 Commodore Drive, Paradise Waters.

Gold Coast Mayor Tom Tate and wife Ruth have sold the main river mansion they picked up at a bargain price two years ago on one of the city’s elite streets.

The sale of 124 Commodore Drive, Paradise Waters was announced on social media over the weekend.

Further details on the price or the buyer are yet to be revealed.

The two-level residence at 124 Commodore Drive enjoys a wide water position.

The Tates paid $3.55m for the five-bedroom residence on a point position in August 2018.

That price was $550,000 less than the property fetched in 2015 and less than the $4m paid in 2007.

The house, which sits on an 1105sqm site at the end of elite Commodore Drive, was marketed at $5.5 million in 2016.

The Tates first put the holding to market in January for $4.55 million in a move designed to cash in on the $9.4m sale of an adjoining three-lot riverfront site.

RELATED: Top end buyers splash their cash on main river

Tech-savvy southern buyers bypass the border

Life inside a floating island palace

Improvements have been made on the property, pictured here in 2018.

A fresh push was made in early June when the property was marketed as a “rare and unique opportunity to secure this landmark and iconic Paradise Waters north-east facing point position, arguably one of the very finest positions on the Gold Coast”.

Improvements have been made to the house which has an open plan design and a tropical resort-style feel with enviable views of the city skyline.

Commodore Drive is regarded as one of the city’s elite streets.

The north-east facing site boats 50m of wide water frontage with a pool, manicured gardens, and a sandy beach where a jetty and pontoon cater for boat owners.

The Commodore Drive property is the ninth the Tates have owned at Paradise Waters since 2002.

They retain an apartment in one of the Kings Row buildings near the entrance to Commodore Drive.

The sale is the latest in a string of strong deals along main river during the COVID-19 period as buyers at the top end of town show confidence in prestige property.

The post Gold Coast Mayor Tom Tate sells main river mansion appeared first on realestate.com.au.

No Comments

Jennifer Lawrence loses millions selling ‘secret’ New York City penthouse

Jennifer Lawrence loses millions selling 'secret' NYC penthouse. Picture: Realtor/NYPost

Jennifer Lawrence has taken a multimillion-dollar hit on the sale of her NYC penthouse. Picture: Realtor/NYPost

After searching for more than a year, actress Jennifer Lawrence has finally found a buyer for her New York City penthouse,

The multi-level condo is at The Laurel Building on Manhattan’s 67th St., and was last on the market for around $16.6 million (US$12 million).

RELATED: Inside Justin Bieber’s spectacular holiday homes around the world

Aussie fitness mogul snaps up flash mansion

Stranger Things star eyeing $1.7m Aussie pad

Jennifer Lawrence loses millions selling 'secret' NYC penthouse. Picture: Realtor/NYPost

The building where Lawrence’s penthouse is located in NYC. Picture: Realtor

Jennifer Lawrence loses millions selling 'secret' NYC penthouse. Picture: Realtor/NYPost

The stunning marble kitchen. Picture: Realtor

That is far less than the $21.6 million (US$15.6 million) she paid for it, according to property records via the NY Post.

The sale was reported but not yet recorded, according to StreetEasy, so we don’t know its final sales price.

Jennifer Lawrence loses millions selling 'secret' NYC penthouse. Picture: Realtor/NYPost

Views from the coffee table. Picture: Realtor/NYPost

The “Hunger Games” and “Silver Linings Playbook” star bought the unit in 2016 through a company purchase, but The NY Post was the first to report her as its owner in October 2019, after she keeping it secret for years.

Jennifer Lawrence loses millions selling 'secret' NYC penthouse. Picture: Realtor/NYPost

Room to entertain multiple friends, once we’re over lockdown. Picture: Realtor

Jennifer Lawrence loses millions selling 'secret' NYC penthouse. Picture: Realtor/NYPost

Her secret penthouse also has a TV outside to enjoy on the warm summer nights. Picture: Realtor

A key-lock elevator directly into the penthouse, which opens up to a two-level abode with 12-foot ceilings.

MORE: Rapper Travis Scott drops $34m on curved LA mansion

The Weeknd’s $36.5 million mansion has ‘rave garage’

Kanye West’s shock buy after becoming billionaire

The lavish penthouse comes with a three-bedroom, and 4.5 bathrooms set across 380 sqm.

It features a stunning outdoor space that includes an outdoor kitchen, built-in ping-pong table and several entertaining areas.

'Red Sparrow' - Photocall

Jennifer Lawrence during her promotion of the ‘Red Sparrow’ movie in London, England. (Photo by John Phillips/John Phillips/Getty Images)

Inside, there’s a chef’s kitchen and an open dining/living room space divided by a two-sided limestone gas fireplace, with a hallway that separates the public and private spaces.

The 30-story building, which was built in 2005, features amenities like a paparazzi-proof garage, a concierge and a door man, a double-story gym with a lap pool, sauna, and steam room, and a double-height lounge, bike room and private storage.

Jennifer Lawrence loses millions selling 'secret' NYC penthouse. Picture: Realtor/NYPost

What a view. Picture: Realtor/NYPost

MORE: LeBron James buys late soap creator’s $56m LA mansion

Nicole Kidman and Keith Urban drop $5m on new pad

Full House star sells LA mansion for $10 million discount

The Hollywood star also owns a flashy condo at popular celebrity hotspot in NYC at 443 Greenwich Street, which was built on the former bookbinding factory in popular neighbourhood of Tribeca.

The post Jennifer Lawrence loses millions selling ‘secret’ New York City penthouse appeared first on realestate.com.au.

No Comments

Houseboat at Paringa in South Australia’s Riverland offering buyers a cruisy lifestyle

The houseboat docked at 5 Lock 5 Road, Paringa, is on the market. Pic: realestate.com.au

On the hunt for a home that offers a cruisy lifestyle away from the hustle and bustle of the city?

Water-bout a houseboat?

A five-bedroom watercraft docked just outside of Paringa at 5 Lock 5 Road on the Murray River is on the market with a $275,000 price tag.

Ray White Berri Barmera Loxton principal Greg Cram, who is marketing the vessel with Teri Wenske, said it could be used as a permanent residence, holiday home or investment property.

MORE NEWS

The Adelaide suburbs that are much cheaper than their neighbours

Divine converted chapel almost ‘pew’ good to be true

Take a sneak peek inside MasterChef star Laura Sharrad’s home

It has easy care new floor coverings and has been freshly painted throughout. Pic: realestate.com.au

There are five bedrooms, each of which has a queen-size bed. Pic: realestate.com.au

“It’s currently used as a hire boat (but) there is a marina … so if somebody wanted to live on the houseboat full time they could,” he said.

“The current owners have had it for 20 years and they’ve done a lot of renovations to it.”

The two-storey houseboat has a range of ‘ferry’ impressive features, including multiple entertainment decks and modern interiors.

It has an open kitchen, living and dining area that flows through sliding glass doors onto an entertainment deck with a new barbecue, ice chests and outdoor setting.

Each of the five bedrooms have built-in cupboards and queen-size beds, two of which can be zipped apart to create four singles.

Two of the queen-size beds can be zipped apart to create four singles. Pic: realestate.com.au

It has a combined bathroom and laundry with two toilets. Pic: realestate.com.au

Last but knot least, there is also an 8.8m by 7.1m upper deck with new sun protection canopy, as well as a swim deck with ladder.

Mr Cram said it wouldn’t last long on the market.

“We’ve got really strong interest in it,” he said.

“They’re more business people who have been looking at it, we’ve had a lot of inquiries from Adelaide people as well.”

The post Houseboat at Paringa in South Australia’s Riverland offering buyers a cruisy lifestyle appeared first on realestate.com.au.

No Comments

High-profile sailors take the helm at historic Aspendale boaties den

House with boat building shed/history

Margaret Allnutt has sold the Aspendale home her family has owned since early last century. Picture: Wayne Taylor

A historic Aspendale property with its own boat building shed and slipway has sold to a high-profile sailing family.

The 1 Bowman Street home, believed to have housed Victoria’s first boat hire business, sold for an undisclosed figure at the top of its $3-$3.3m price guide.

The buyers were Stewart Rose — who campaigned to represent Australia at the 1996 Olympics and claimed a number of national titles in the sport including junior sailor of the year in 1996 — and his three-time Sydney Hobart Yacht Race-contending wife Kerryn.

RELATED: Aspendale home with boatbuilder’s slipway sure to float buyers’ boats

Melbourne stage four restrictions: Can you move house in lockdown?

Melbourne stage four: Real estate industry scores ‘small wins’

Vendor Margaret Allnutt’s family started the boat hire business on the edge of the Mordialloc Creek in 1938, with her late husband Dave building boats at the home from the 1970s.

Ms Allnutt will now downsize from the 1106sq m property that has 28m frontage to the creek, a slipway, boatshed, pool and pool house, a three-bedroom main house and a double-storey unit complex with another two residences.

House with boat building shed/history

Margaret Allnutt’s husband Dave built and maintained boats from the property in the 1970s. Picture: Wayne Taylor

1 Bowman St, Aspendale - for herald sun real estate

The home comes with extensive water frontage to Mordialloc Creek.

“I keep pinching myself at the timing of it,” she said.

“But I couldn’t be happier, really. I got the price I wanted and people who will keep the house and will do some of the repairs that need to be done.

“I will miss looking out of my kitchen and lounge room windows and seeing the water and the boats, it is an ever changing scene.”

1 Bowman St, Aspendale - for herald sun real estate (13)

The view will be hard to farewell.

1 Bowman St, Aspendale - for herald sun real estate

The everchanging panorama features numerous boats and a tranquil water backdrop.

The buyers are looking forward to maintaining the property’s boating heritage, with Ms Rose saying this would be their “forever home” and a wonderful place for them to teach five-year-old son William to sail a dinghy they have bought for him.

1 Bowman St, Aspendale - for herald sun real estate (13)

The main home has three bedrooms and has suited the same family for decades.

1 Bowman St, Aspendale - for herald sun real estate (13)

A pool and man-cave-like poolhouse were added to the home over the years.

“When you see a property like 1 Bowman come on the market, it’s so unique you know it’s a once in a lifetime opportunity,” she said. “And the history there is part of the appeal. But we’re also happy it will let us continue to explore our interest in sailing and boating.”

Buxton Mentone director Matthew Cox said it had been one of the most challenging sales of his career, with a number of government departments involved due to the waterway, as well as COVID-19 causing issues, but in the end three buyers had made offers.

1 Bowman St, Aspendale - for herald sun real estate (13)

A luxuriously appointed kitchen adds to the home’s appeal.

1 Bowman St, Aspendale - for herald sun real estate (13)

The pool house embraces the name on two fronts.

Mr Cox said a further six had abandoned plans as a result of COVID-19 biting their businesses.

“It was a real mixed bag including a developer looking to build multiple homes on site and people who were looking to change the zoning to have a bit of retail there,” he said.

MORE: Off the plan sales to continue amid stage four lockdown

Mark Philippoussis: Former Williamstown home of tennis champ for sale

Olympic golfer Marcus Fraser sells Beaumaris mid-century house

The post High-profile sailors take the helm at historic Aspendale boaties den appeared first on realestate.com.au.

No Comments

Sellers list much loved Epping house with no reserve to ‘pay it forward’

Family going to auction without reserve

Steve and Josephine Hantos, with kids Liam, Matilda, Audrey and Oscar, are selling without a reserve. Picture: Tim Hunter

In the dollar-signs-in-their-eyes, flip and sell, asset-collecting world of the Sydney housing market, one family has decided someone else’s dream is worth more than their own wallets.

So they’ve put their Epping house up for auction without a reserve price.

It’s got an estimated value of about $1.5 million, but without a reserve Steve and Josephine Hantos would have to hand over the keys for as little as $1 if it is the only bid placed.

The couple want their four bedroom house to continue to be a home to happy memories, to “pay it forward” after getting lucky in business and investments. .

“We want the house to sell for a record price. Not a record high — the other way,” Mr Hantos said.

MORE: Parents’ bold plan to get kids a home

‘Bridesmaid’ suburbs where homes cost half as much

The family have a sentimental attachment to the property after living there for 15 years and would be “sad” if it sold to a developer who knocked it down, he said.

“We want another family to come in and make it a home,” he said. “We’re hoping that doing this will draw more of that kind of buyer or even steer it toward a first homebuyer.”

Comparable sales near The Third Ave home were about $1.5m.

Selling agent Catherine Murphy of The Agency said she had never encountered a seller who tried this before.

Reserves are usually used to protect the sellers in the event of low bidding as it stipulated a minimum amount conditional for the sale.

But the lack of a reserve on the house on Third Ave will mean the sellers will be unable to negotiate the price or shape the outcome in anyway.

“The sellers are being incredibly brave,” Mr Murphy said. “No reserve means they have to accept whatever is offered, even if theoretically it’s just $1.”

The couple are throwing in their appliances as part of the sale.

The estimated value of $1.5 million is based on a normal selling campaign, comparing it to similar property sales, but the outcome of the auction would be impossible to predict, she said.

They’re also throwing in their Smeg appliances, including a fridge, dryer, washing machine and other household items, to sweeten the deal.

Mr Hantos said his family were moving to Beecroft but he felt sorry for younger families seeking homes. “I feel so bad for people starting out and trying to get in the housing market. COVID has made it even worse.”

Cooley Auctions director and auctioneer Damien Cooley will be calling bids on the property when it goes to auction August 22 and said the sale was getting people excited.

Family going to auction without reserve

The couple have owned the home for 15 years.

“It’s going to be really interesting,” he said. “It means we’re selling regardless of what’s offered.”

But bidders may still have to be realistic because the level of competition would dictate the bidding, Mr Cooley said.

“If it’s going really low, if it’s $25 or something like that, I’ll be wishing I registered … but it’s definitely not going that low.”

The post Sellers list much loved Epping house with no reserve to ‘pay it forward’ appeared first on realestate.com.au.

No Comments

Elyse Knowles: The Block winners renting South Melbourne terrace

Elyse Knowles

Elyse Knowles and Josh Barker are renting their South Melbourne terrace.

Model Elyse Knowles and partner Josh Barker, who were crowned 2017 champions of The Block, have put their South Melbourne pad back on the rental market.

The property power couple have listed their unrenovated investment property at 13 Mountain Street for $600 a week.

It’s a significant price drop from their previous asking rent of $690 and $650 since 2018, according to CoreLogic.

RELATED: The Block winners Josh and Elyse seek tenant for South Melbourne pad

Model Elyse Knowles and Josh Barker buy Byron Bay renovation project for $2.6m

The Block’s Josh Barker and Elyse Knowles list Albert Park pad for rent

Elyse Knowles

Elyse Knowles and Josh Baker enjoy the beach with their dogs. Picture: Tim Carrafa

13 Mountain Street, South Melbourne is for rent.

The two-bedroom terrace is yet to be updated by Knowles and Barker, who recently moved to a 1960s Byron Bay beach house they bought for $2.3m last year.

They bought the South Melbourne pad for $1.42m before they left the city in May 2018. ASIC documents name Barker as the owner of the property.

Belle Property South Melbourne property manager Natasha Coulloupas said she could not comment on the listing or the landlords’ identities.

Inside the couple’s investment property.

The renovators haven’t yet updated the terrace.

Elyse Knowles VAMFF preview

Elyse Knowles has become a Myer ambassador since The Block. Picture: David Caird

But the agency is marketing the property as “immediately impressive with its high ceiling and wide hallway … drenched with natural lights and perfect for an easy and low-maintenance lifestyle”.

The property is also listed as pet friendly.

Knowles has modelled for major Australian companies including Myer, Aveda and Land Rover Australia since comedian Dave Hughes splashed out $3.067m on their Block creation in Elsternwick.

Supplied Editorial Elyse Knowles buys 41 Cowper Street, Byron Bay, NSW 2481

The couple bought 41 Cowper Street, Byron Bay.

Their Elsternwick creation on The Block was bought by comedian Dave Hughes.

The couple also launched their own construction company J & E Projects this year.

The South Melbourne terrace was listed for rent just before stage four lockdown restrictions were enforced on Melbourne’s property market, ending private inspections for prospective tenants.

READ MORE: Melbourne stage four restrictions: Can you move house in lockdown?

Melbourne stage four: Real estate industry scores ‘small wins’

Mark Philippoussis: Former Williamstown home of tennis champ for sale

The post Elyse Knowles: The Block winners renting South Melbourne terrace appeared first on realestate.com.au.

No Comments

Melbourne bridesmaid suburbs where you can save most on rent

Real estate agent welcoming visitors

Renters could save hundreds by moving to nearby bridesmaid suburbs.

Tenants across Melbourne could save hundreds of dollars a week by moving to nearby bridesmaid suburbs.

And after a recent survey found many tenants financially impacted by the coronavirus crisis did not receive adequate rent reductions, moving down the road could prove a money saver.

Vastly different rents are on offer in the Mornington Peninsula, with houses in off-the-radar suburb Tootgarook leased at a $378 weekly median — far less than blue-chip Portsea, which costs 145 per cent more at $925 a week.

Realestate.com.au chief economist Nerida Conisbee said tenants might miss out on the beautiful Portsea home, but they’d still enjoy access to the beach, lifestyle perks and save big bucks by renting in a nearby bridesmaid suburb.

RELATED: Coronavirus: Very few Victorian tenants have secured rent reductions


Melbourne stage four: Real estate industry scores ‘small wins’


The ‘bridesmaid’ suburbs where Melburnians can save the most on rent

A grand rental at 7 Wimbledon Court, Portsea is on the market for $1850 a week.

This smaller home at 55 Highbury Rd, Tootgarook has an asking price of $500 a week.

“In the knowledge that you’re probably never going to get the same price, you can enjoy some of the amenities that the blue-chip suburbs enjoy,” she said.

Closer to the city, rent jumped from $500 in Burwood to $950 for nearby Canterbury, while Flemington’s $550 median house rent was well below the $880 for Parkville in the inner north.

Hocking Stuart Yarraville director Leo Dardha said demand for Parkville rentals was strengthened by “flow on from Carlton.”

“(Parkville houses) are larger accommodation, therefore creating higher yield and capital growth,” Mr Dardha said.

“Flemington is heading further northwest, so there’s that density with more apartment markets.”

Smiling Hispanic family outside rental home

Time for a change?

There’s a four-bedroom house at 170 Liberty Parade, Heidelberg West that will set a renter back $700 a week.

While a three-bedroom home at 3 Killop St, Alphington is on the market for $850 a week.

In the inner-north, the average tenant in Heidelberg West paid $370, compared to $695 for nearby Alphington.

Collings Northcote head of property management Caleb Pikoulas said Heidelberg West represented great value, with new construction replacing old housing commission stock.

He said some buyers were put off by the slightly longer commute in the suburb, which was not on a train line.

In the unit market, Gardenvale’s median rent of $310 was almost half the $593 in affluent Brighton.

An average Kingsville unit cost $318, well below the $450 cost in Spotswood.

“Kingsville is populated with those older-type flats — that’s the No. 1 factor,” Mr Dardha said.

MELBOURNE’S TOP WANNABE ‘BURBS FOR RENTERS*

MEDIAN RENTS – HOUSES

Tootgarook, $378, 145% cheaper than Portsea, $925

Burwood, $500, 90% cheaper than Canterbury, $950

Heidelberg West, $370, 88% cheaper than Alphington, $695

Frankston, $380, 84% cheaper than Mt Eliza, $700

Hampton East, $620, 77% cheaper than Brighton, $1095

Richmond, $680, 76% cheaper than Toorak, $1198

Kensington, $573, 71% cheaper than Docklands, $980

Springvale South, $400, 65% cheaper than Waterways, $660

Flemington, $550, 60% cheaper than Parkville, $880

Cheltenham, $550, 60% cheaper than Black Rock, $878

MEDIAN RENTS – UNITS

Gardenvale, $310, 91% cheaper than Brighton, $593

Caulfield East, $320, 65% cheaper than Ashburton, $528

Albion, $283, 47% cheaper than Avondale Heights, $415

Ormond, $380, 45% cheaper than Brighton East, $550

Burnley, $350, 43% cheaper than East Melbourne, $500

Kingsville, $318, 42% cheaper than Spotswood, $450

West Footscray, $340, 41% cheaper than West Melbourne, $480

Huntingdale, $360, 41% cheaper than Chadstone, $508

Carlton, $370, 41% cheaper than Melbourne, $520

Box Hill, $395, 39% cheaper than Mont Albert North, $550

*Source: realestate.com.au

READ MORE: Mark Philippoussis: Former Williamstown home of tennis champ for sale


The Malt District: Seven silos next to Nylex Clock face The Punisher


Melbourne stage four restrictions: Online auction flurry as full lockdown hits

jack.boronovskis@news.com.au

@jackboronovskis

The post Melbourne bridesmaid suburbs where you can save most on rent appeared first on realestate.com.au.