Half a million dollars… it’s a large sum of money. However, the value of this figure reduces significantly when buying a property, or so it would seem. The truth is that this dollar amount can actually get more bang for your buck than you may realise.
Before you dismiss the thought of living in your dream suburb, check out the the list below to find out exactly where a cool 500k can take you.
A sizeable block of land in Norman Park
Known for its vibrant community culture and spectacular location just minutes from popular restaurants, cafes, urban amenities in Eastern Brisbane, Norman Park is now becoming a front-runner for many families of all ages in the decision-making process.
132 Morehead Avenue in Norman Park only recently sold for $475,000. Considering it’s location, a handsome block of 502m squared doesn’t come all that often, and at that price point, they don’t last long on the market either.
Apartment Living in New Farm
Yes, that’s right — living in an extremely sought-after like New Farm is possible with a 500k budget. With the apartment market currently booming in the Newstead, Teneriffe and New Farm area, these properties are being snapped up at an unprecedented rate.
1/21 Dixon Street recently sold for $443,000 in October of 2019, and it’s not hard to see why. Beyond this cocoon of luxury are all the attractions of the fashionable vibrancy of New Farm. Merthyr Village, New Farm Park, The Powerhouse and local coffee shops are all moments away as is the popular James Street Markets and Howard Smith Wharves for a wide selection of restaurants and high-end fashion boutiques.
Build a Family in Bracken Ridge
Setting up a family in a generous 3 bedroom, 2 bathroom family home on a 611m squared block, and/or a sure-fire investment opportunity with minimal maintenance. 121 Holland Street enjoys close proximity to the Bracken Ridge Woolworths, Bracken Ridge Tavern, Harold Kielly Park, the Indoor Sports Centre, bus routes and Bald Hills Train Station. An array of reputable educational services is situated nearby including St Paul’s Anglican.
The suburb is currently enjoying a wealth of growth in the area, with many gentrification project both recently completed, and in the works. Situated just 10 minutes away from both Shorncliffe’s iconic views, and Chermside Shopping Centre’s abundance of trendy stores and dining options, 500k can go exceptionally far with a property of this kind.
A slice of Sherwood
A trip to Sherwood and surrounds will quickly show you why this is such an enviable suburb to live in. The retail precinct of Sherwood delivers a choice of fine cafes’ and restaurants, banking, Woolworths and more. With one of Brisbane’s best shopping precincts, Indooroopilly Shopping Centre just a short drive away, living here just makes complete sense.
233/20 Egmont Street in Sherwood was snapped in a heartbeat, and considering the demand to break in to local area, this comes as no surprise. The amenities of this resort style complex are second to none and a rare offering in this suburb. Considering the growing popularity of downsizing to complexes that offer a holiday look-and-feel type lifestyle, 500k seems like a steal.
City Views in Seven Hills
Are you forever picturing yourself sipping a glass of wine amid reading a good book while taking in a spectacular view of Brisbane city? Well, turns out a 500k budget can get you there. A property in Seven Hills recently sold for just shy of $455,000, boasting a sweeping view of Brisbane’s city skyline perched high on the hilltop.
The best thing about the property, other than the breathtaking views, is the opportunity to create your very own dream home to take advantage of its location. If you immediately discounted a property of this kind considering the budget, you’d be forgiven — it’s not very often that you encounter them a this price point!
If you’d like to find out more on which property is right for you, whether you’re buying, renting, selling or investing, you can contact one of our local experts at any time. To keep up-to-date with all things real estate, subscribe to our eNewsletter below.