David Bonaddio

Strapped for cash first-home buyers are looking for other avenues to make their dreams of owning their first property a reality.

In the quest for affordable housing, Melbourne’s first-home buyers are finding unexpected opportunities with apartments under $350,000. But, are these bargains too good to be true?

Comedian, radio and television presenter Kate Langbroek and husband Peter Allan Lewis' St Kilda home has passed in at auction with a vendor bid of $2.525m yesterday.

Comedian, radio and television presenter Kate Langbroek and husband Peter Allan Lewis’ St Kilda home has passed in at auction with a vendor bid of $2.525m yesterday.

Mildura couple Amanda and Peter King have plenty of reasons to celebrate when their labour of love sold for $1.5m

Mildura couple Amanda and Peter King have plenty of reasons to celebrate when their labour of love sold for $1.5m

Sarah Basile, Brittney Roy and their dog, Poet are hunting for their first home with a five-figure deposit.

Sarah Basile, Brittney Roy and their dog, Poet are hunting for their first home with a five-figure deposit.

Melbourne homebuyers dreaming of edging into a million-dollar postcode need only look down the road to find a bargain this spring, as suburbs adjacent to premium addresses become flooded with affordable homes.

A surprise list of Melbourne's most-exclusive suburbs has revealed the areas where homebuyers face stiff competition and a long wait to buy.