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If your budget puts you in the low-to-late $900K range and you want something new, you need to know what "house" really means at that price point. Here is the reality check. Brand new and tightly packed. At this price point, you are looking at a terrace home, 3-bed, 1-car, 2-bath on around a 300sqm block. Neither option is wrong. But going in with your eyes open about what your budget buys is the difference between feeling like you have won or feeling like you have settled.