Bargain buys: Melbourne properties for under $350,000

Talk to your friends, colleagues or favourite barista, and one topic is bound to come up again and again – Melbourne’s sky-rocketing property prices.

House and unit prices were up again for the September quarter, according to the Domain Group State of the Market Report, with the median unit price hitting over $500,000.

There are, however, a few properties in the booming market under $350,000 – and even some under $300,000.

We’ve done the hard work for you and found the bargains going up for auction this Saturday on Melbourne’s record auction weekend.

Photo: Jellis Craig Brunswick

17/558 Moreland Road Brunswick West

• $235,000
• 1 bed, 1 bath, 1 parking
• Auction 1.30pm

This cosy one-bedder is bright and close to cafes and the freeway, and has a built-in robe and off street parking.

Photo: Alexkarbon

12/7-9 Farnham Court, Flemington

• $260,000-$285,000
• 1 bed, 1 bath, 1 parking
• Auction 11am

This updated unit is one of 12 in the block and is a short walk to Pin Oak Crescent cafes.

Photo: Pagan Real Estate

12/4 Prince Street, Essendon North

• $265,000 – $285,000
• 1 bed, 1 bath, 1 parking
• Auction 10am

A new kitchen with ample storage and a euro laundry sets this unit in a boutique block apart.

Photo: Edward Thomas Real Estate

10/38 Rankins Road, Kensington

• $290,000 – $310,000
• 1 bed, 1 bath, 1 parking
• Auction 11am

This top floor apartment has a gleaming new kitchen and bathroom and a leafy outlook.

Photo: Hodges Prahran South Yarra

4/23 Avoca Street, South Yarra

• $290,000 – $319,000
• 1 bed, 1 bath, 1 parking
• Auction 11am

A sort walk to the Royal Botanic Gardens and Toorak Road cafes and shopping, this neat unit is in the perfect position.

Photo: Marvelli Town and Associates

8/219 Auburn Road, Hawthorn

• $300,000 – $330,000
• 1 bed, 1 bath, 1 parking
• Auction 11am

This neat unit with lift access and a sizeable living area sits between Camberwell Junction and Glenferrie Road.

Photo: Ray White Brunswick

304/1 Lygon Street, Brunswick

• $320,000 – $352,000
• 1 bed, 1 bath, – parking
• Auction 4pm

Live the inner-north life in this secure apartment which features a rooftop common area with city views.

Photo: O’Brien Real Estate

7/3 Childers Street, Mentone

•  $330,000 – $350,000
• 1 bed, 1 bath, 1 parking
• Auction 10.30am

Close to the beach and shops, this ground floor unit is a great entry to the market.