800k to spend for PPOR in Melbourne.
- Thread starter Muli
- Start date
i'm assuming that you don't mind spending money on renovating..
$800,000 close to the city - no particular order of preference
Balwyn Nth
Balwyn/Deepdene
Canterbury
Kew/Kew East
Glen Iris
Hawthorn
Camberwell
Mont Albert
Surrey Hills
Eaglemont/Ivanhoe
why those?
leafy areas, good schools, access to public transport, close to city
capital growth
i also like middle park & albert park, but $800,000 won't get you much at all, especially given the minimum land requirement of 400sqm..
good luck!
$800,000 close to the city - no particular order of preference
Balwyn Nth
Balwyn/Deepdene
Canterbury
Kew/Kew East
Glen Iris
Hawthorn
Camberwell
Mont Albert
Surrey Hills
Eaglemont/Ivanhoe
why those?
leafy areas, good schools, access to public transport, close to city
capital growth
i also like middle park & albert park, but $800,000 won't get you much at all, especially given the minimum land requirement of 400sqm..
good luck!
far too many options:
I'd thought the following thread will give a good clue where to buy:
http://www.somersoft.com/forums/showthread.php?t=43227
Pretty much all Eastern/Northern suburbs have been covered, I'll add a few:
Mt Waverley
Oak Park
Essendon
Moonee Ponds
Ascot Vale
Bentleigh
McKinnon
East Bantleigh
Oakleigh
Aramadale
Malvern East
Yarraville/Seddon
Kingston
the list goes on and on and on..
I'd thought the following thread will give a good clue where to buy:
http://www.somersoft.com/forums/showthread.php?t=43227
Pretty much all Eastern/Northern suburbs have been covered, I'll add a few:
Mt Waverley
Oak Park
Essendon
Moonee Ponds
Ascot Vale
Bentleigh
McKinnon
East Bantleigh
Oakleigh
Aramadale
Malvern East
Yarraville/Seddon
Kingston
the list goes on and on and on..
I second that. I feel like I am just stabbing in the dark by answering.
I am not even clear what size or construction / style of house is acceptable to you. Is a timber cottage acceptable? Does it need to have a certain number of bedrooms?
Thanks for the inputs guys...
It is my old buddy from back home... He has just got married and trying to settle down in Melbourne with his wife. Currently he has 500k saved up and allowed to borrow 300k.
He recently bought two Nando's restaurants in the East (I know one of them is in Doncaster). He has no kids yet but planning to have one or two in 5 years time. Also, he said he would often visit his parents who are living in Sanctuary Lakes.
He prefers three-bedroom brick houses with tiled roofs and timber floors and less than 10 years old. He does not mind renovating as long as it is still within the budget.
His priorities are the safety, comfort and a garden that would at least allow him to plan a mango tree.
He is only looking for houses and he thinks it is better for capital growth.
His top ten suburbs are, (in order)
Doncaster
Box Hill
Box Hill South
Chadstone
Ashwood
Sanctuary Lakes
Point Cook
Balwyn
Surrey Hills
Mont Albert
I try to help him but I have been living in the city all these years while I am in Melbourne and have no idea of how life likes out there in the suburbs =P
Please comment and share with me!
It is my old buddy from back home... He has just got married and trying to settle down in Melbourne with his wife. Currently he has 500k saved up and allowed to borrow 300k.
He recently bought two Nando's restaurants in the East (I know one of them is in Doncaster). He has no kids yet but planning to have one or two in 5 years time. Also, he said he would often visit his parents who are living in Sanctuary Lakes.
He prefers three-bedroom brick houses with tiled roofs and timber floors and less than 10 years old. He does not mind renovating as long as it is still within the budget.
His priorities are the safety, comfort and a garden that would at least allow him to plan a mango tree.
He is only looking for houses and he thinks it is better for capital growth.
His top ten suburbs are, (in order)
Doncaster
Box Hill
Box Hill South
Chadstone
Ashwood
Sanctuary Lakes
Point Cook
Balwyn
Surrey Hills
Mont Albert
I try to help him but I have been living in the city all these years while I am in Melbourne and have no idea of how life likes out there in the suburbs =P
Please comment and share with me!
What do you guys think of this...
http://www.realestate.com.au/cgi-bin/rsearch?fslm=1&a=o&id=104707620&t=res&s=vic
http://www.realestate.com.au/cgi-bin/rsearch?fslm=1&a=o&id=104707620&t=res&s=vic
Urr.... is he planning a big hothouse?
Cheers,
The Y-man
Lol you should see his house's backyard in Indonesia. You can find all sorts of fruit trees from mangoes, rambutans, mandarines, papayas, bananas, even durians =))
Hehe... He agrees with you. Hes going to make an offer.
Urr.... is he planning a big hothouse?
Cheers,
The Y-man
Muli
I'm no expert gardener, but I doubt that a mango tree would survive for long in Melbourne - mangoes need a much warmer climate.
Cheers
LynnH
Yup.... must have thought they were moving to Qld....
On the other hand you can do apples, stone fruits, and cold weather vegies..
Cheers,
The Y-man
Maybe they were thinking global warming is going to happen quicker than predicted?
I have seen this house, outside only.
Things I like:
- Walking distance to Doncaster Park & Ride (Better if closer)
- Lots of development activities and subdivision in this pocket, especially near the Park & Ride, that lead the way for gentrification and therefore future capital appreciation
- The golf club across the road is rumoured to be developed in near future
- This house is closest to Koonung secondary college, a rising star state school
- This house is approx 200k cheaper than the equivalent at the other side of the freeway (Mont Albert North & out-of-zone Balwyn North)
- The 78 tram may one day be extended to Westfields and going past this pocket
Things I don't like:
- Appearance: The frontage looks low due to flat tin roof & bushes hiding the building behind
- Sun direction not friendly
- Site sloping to one side
I live in that same pocket bound by Doncaster Rd, Elgar Rd and the Eastern Fwy, Doncaster.
It has great freeway access via choice of two entry/exits at Doncaster or Elgar rd and the city is about 15 minutes away off peak or about 9 minutes to Hoddle St.
Very handy to Lygon and Brunswick streets restaurants etc.
From an investment side, i think that the recent westfield transformation and the doncaster hill precinct will further boost Doncaster's already high demand in the future.
A great area in my view.
It has great freeway access via choice of two entry/exits at Doncaster or Elgar rd and the city is about 15 minutes away off peak or about 9 minutes to Hoddle St.
Very handy to Lygon and Brunswick streets restaurants etc.
From an investment side, i think that the recent westfield transformation and the doncaster hill precinct will further boost Doncaster's already high demand in the future.
A great area in my view.
