Me and my partner have been looking to buy our first property soon considering how prices have started to go down. As a background, we earn around a combined annual salary of $190-200k and have around $110k in savings. We don't really have any other source of funds do add to our downpayment as we don't really want to ask help from our parents.
Size of dwelling isn't that big of a deal as we don't really see ourselves having a more than 1 kid (maybe in 5 years). Our biggest consideration is to buy a property that can allow me to walk to a train station since I work in the city. As far as I've seen, the only way to have this is to either buy an apartment or townhouse, or a house very far west.
My question is, is a townhouse located 10 mins walk away from Edmondson Park station for 750k a ripoff or bad idea? Considering that the same developer that is building the residential areas are also building a shopping centre right in between the townhouse and the station.
From what people post here is that, houses are the way to go these days as apartments and townhouses only depreciate in value. But can the same be said on a very strategic townhouse like stated above?