I see a lot of talk about Chinese and mining suburbs. You can have your cake and eat it to and buy in Ballarat.
The truth is Chinese are moving here to mine gold not our schools and food courts. This trend has remained strong for over 200 years, with many 7th-8th generation Chinese residents a...
Has to be Clayton for the South East. That might be 20k's though. Drive along the Princes highway once you leave Oakleigh Clayton-Noble Park all looks and is the same imo.
I always held Clayton in high regard but after looking there and Springvale I think Noble Park might be a better option...
We're currently looking South East. Practically narrowed it down to a decision between Noble Park and Berwick/Beacy.
When you see homes go for 690k (a block next door to Noble Park) you'd think it'd have to go up next. Then Berwick Station is only 13 minutes beyond Noble Park station the area...
http://www.realestate.com.au/property-house-vic-clayton+south-119814379
Went to the auction for this today 40-50 Asian/Chinese we were the only anglo people there.
It got ridiculous, agents thought it would go for 550k.... well someone who looked like a student bought it for 690k :eek...
Ferntree Gully was always the nicest suburb over there imo. Has many great pubs and established venues also. The area itself is bush style living but in the suburbs best of both worlds. 10 minutes/3 stations behind Ringwood. Vermont South also very nice but no train line and gridlocked roads...
This one looks even more dero therefore in this market will probably go for over 1 mil. It's a shame because if it was 1ft closer to the train station someone might pay 2 mil for it. One could only imagine how much it would go for if it was 2 feet closer to the train station...
Thanks Bayview very informative reply! Considering that St Andrews is probably to risky for us as we're after reliable short to mid term growth. We've now upped our borrowing amount and we're looking closer into the city. I'll admit St Andrews still really interests me, the median was near 900k...
That's true these days but I've grown up knowing these area's there's nothing blue chip about them imo. Personally I'd never pay half a million to get into Sunshine I'd rather move further out to a nicer suburb. Sunshine is a 30 minute train trip, You can get homes in Westall for 500k that are...
I'd never buy in Sunshine for over 300k! And Wheelers Hill has to be the most overpriced concrete slab I've ever driven through.
You know those people who can't wait to get out of Noble/Doveton/Dandenong and move into country Berwick? Well add wheelers hill to that list, I don't care for...
Noble Park, Doveton/Eumemmering, Narre Warren, Frankston North, Cranbourne, Frankston would be my preferable order over here.
If it was me something like this http://www.realestate.com.au/property-house-vic-noble+park-115988207 or...
Thought I'd share a potential goldmine as I'm new to this, I would appreciate any feedback as I'm always looking to improve my research.
Long term growth statistics point to an enormous recovery:
http://www.smartpropertyinvestment.com.au/data/vic/3941/st-andrews-beach
Valuer general reports...
I can't help but have no respect for people when they argue rents will rise once neg gearing goes..
Rates are like 20% below normal but rents haven't dropped :D
Shouldn't rents be dropped? trololo
Not sure if serious :o
For investment purposes I somewhat understand. But sledging Berwick over Caroline Springs in terms of aesthetics is lol! Not to mention every other factor, bar proximity.
My point is it's a bunch of estates in a paddock. Which is what Berwick has become (old Berwick aside), south of the rail tracks Berwick/Cranbourne/Officer/Pakenham/Lynbrook/Clyde now or less resemble this type of suburb. Didn't say anything about drunks in CS, that was a completely different...
Sorry couldn't help but LOL. I've been there and I'd have to say no one in their right mind would choose CS over Berwick! My dads side lived in Melton we'd travel across the entire west watching it change over the last 30 years. The dead grass and windmills slowing being replaced with dust...
Doveton, Dandenong, Noble Park etc. None of them really, if I was going for capital growth I'd probably settle with Noble Park or Dandenong maybe Ferntree Gully. For growth Sunshine or reservoir area's. The outer south east has been stagnant for years, it's too far out and full of endless...
lol Harkaway is over 1km closer to the station! If you look at the map Wheelers Hill to Glen Waverly station is 4km through gridlocked roads Harkaway to Berwick station is 3km on traffic free 90km roads. I've made the drive from there to over the tracks in 4 minutes!
Not to mention Harkaway is...
Everything in Frankston is extremely overpriced for what it is currently.
Found an exception: http://www.realestate.com.au/property-house-vic-frankston-119056247.
Could make some money through development, but appears to be a good buy regardless. Perhaps underquoted?
Another goodie that...
What about the Casey region ie Berwick/Beaconsfield/Cranbourne/Dandenong/Hallam/Narre etc?
All these area's have remained flat since 2010. Either demand isn't there or they have a lot of catching up to do.