The perfect location for your new home Manor Lakes offers fantastic house and land packages in an enviable location. Just 40 minutes from Melbourne’s CBD and five minutes from Werribee, Manor Lakes in Wyndham Vale is a masterplanned community with a number of established facilities . Leading home builders Choose from a selection of leading and award winning home builders to create the property that’s perfect for your needs. Manor Lakes has numerous flexible land lots and house packages available for young families, upsizers, downsizers and everyone in between. A thriving community Manor Lakes offers schools, library, community centre, shopping centre, parks and recreational reserves right within the estate, as well as a friendly and welcoming neighbourhood. A sustainable choice Manor Lakes is one of only five Victorian developments to have achieved HIA GreenSmart accreditation, reflecting its minimal environmental impact. When fully completed, Manor Lakes will comprise 55 hectares of green space.

1. Four Proven Ways to
Own a House with a
Tight Budget
Manor Lakes
2 Eppalock Drive, Wyndham Vale Melbourne, Victoria,
Australia
+61 3 9731 0277

2. Buying a house can be difficult or maybe even
impossible with a tight budget. For most people, this
seems to be the case, especially to those who have not
invested in anything yet. It is daunting, but personally
owning a property make it worth the time and money. So,
how can individuals or couples working on a tight budget
make such a big purchase?

3. Here are four ways that proved time and again effective for
homeowners who had little financial space:
1. Making Compromises
It must be said that nobody can buy a home; they can only buy a
house. That is why it is reasonable to make compromises when choosing a
house. It is rare for any buyer to get the exactly what they wanted in the first
place. Separating the wish list and accommodating the necessities will help
find a property that fits the budget.
2. Patience, Patience
The worst thing any buyer can do is to rush a real estate purchase.
New listings open up every day; they should wait some more until a
better prospect comes up.

4. 3. Consider Rent-to-Own
Leasing houses is not very common
in any market. With the help of an
agent and by keeping a sharp eye,
any person can spot a rent-to-own
house. Moreover, payments are
generally lower in leasing than the
monthly amortisation on full-on
purchases.
4. Look at House That Needs Work
When browsing through tons of brochures and listings, a buyer
should never ignore slightly damaged houses. It needs work, but it
is guaranteed to cost less. In addition, a property like this gives
the buyer an opportunity to build a home from the ground up.
An undertaking like this requires one to be financially astute. As
with everything worth having, it will not come easy and it may be
costly. Nevertheless, getting a house with limited resources is
possible.

5. Resources:
Manor Lakes- http://www.manorlakes.com.au/
The nest- http://budgeting.thenest.com/ways-own-home-tight-budget-
3445.html
Money Smart- https://www.moneysmart.gov.au/managing-your-
money/budgeting/managing-on-a-low-income
Your Mortgage- http://www.yourmortgage.com.au/article/market-watch-
budget-of-less-than-400000-options-are-becoming-limited-196986.aspx