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Ms Davis snapped up this one-bedroom apartment days after being evicted from her rental.
A Melbourne tenant has purchased a home just eight days after receiving a notice to vacate her rental in fear of re-entering the city’s “awful” rental market.
Tenant Julia Davis was given 60 days notice in April to vacate her Hawthorn East rental and purchased a one-bedroom apartment in Hawthorn just over a week later.
Only hours after receiving her eviction, she was on the phone to a mortgage broker as she said the thought of entering Melbourne’s rental market at the moment was unthinkable.
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“My plan was to stay there for another three years and keep saving for a home loan but I got kicked out and I couldn’t go back into the rental market,” the 33-year old said.
“I’ve got friends looking for rentals now and there are lines out the door. It wasn’t going to happen.”
PropTrack records show Melbourne’s median rental price is $560 a week and the city’s vacancy rate is 1.12 per cent.
The spacious living room.
The dining room Ms Davis is considering turning into a second bedroom.
She purchased the apartment for $455,000, but said if it wasn’t for her parents gifting her $10,000 to top-up her deposit and offer more than the other four vying for the home, she wouldn’t have been able to afford it.
“I wasn’t meant to be spending that much money but I talked to my parents and they were like, let’s do it,” she said.
“I didn’t just do this on my own. I think Millennials are always having to rely on mum and dad and if you can’t, that makes it even harder for you.”
The Agency listing agent Luke Saville said he received five offers on the apartment that were all first-time buying single females, which didn’t surprise him.
“I’m selling a lot of these apartments and the first-time buyers that inspect them, I reckon 80 to 90 per cent are female buyers,” he said.
“You rarely see first-home buying single guys.”
Ms Davis and her cat, Lorem’s new bedroom.
Mr Saville said he put a TikTok video up of the apartment while it was listed and received more than 50 messages asking for more information.
“It’s a typical double-brick 70s build but the apartment is about 70sq m which is gigantic for a one bedroom,” he said.
“A lot more of the first-home buyers are going towards the older style apartments nowadays as opposed to the newer ones.”
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