Hi everyone,
I've been keeping an eye on the market these past 12 months and have noticed the yields for 1 bedder units/villas are higher compared to 2-3 bedroom villas and townhouses.
Would love to hear your thoughts are on 1 bedder villas/units in the following areas...
- Sunshine / Albion: + proximity to CBD/Sunshine, - stigma, may have already have its growth
- Ascot Vale: + close to CBD, - cg growth not quite as strong
- Thornbury / Fairfield: + trendy, singles/couples prefer 1 bedders, - oversupply and future development in the area (thanks Beanie Girl!)
- Noble Park: + strong population, low vacancy, - stigma
- Spring Vale: + strong population, good history of cg, low vacancy, - may have already had its growth
I'm looking to purchase within the next few months and will hopefully have a budget up to $320, 000. My preference is Melbourne over Brisbane given the expected population growth/stronger real estate market and believe there might be still some good deals to be found.
My strategy is long-term hold (20 years), somewhat newer units/villas/townhouses within walking distance to a train station/shopping centre and that require minimal renovation.
Thanks for your help and insights!
I've been keeping an eye on the market these past 12 months and have noticed the yields for 1 bedder units/villas are higher compared to 2-3 bedroom villas and townhouses.
Would love to hear your thoughts are on 1 bedder villas/units in the following areas...
- Sunshine / Albion: + proximity to CBD/Sunshine, - stigma, may have already have its growth
- Ascot Vale: + close to CBD, - cg growth not quite as strong
- Thornbury / Fairfield: + trendy, singles/couples prefer 1 bedders, - oversupply and future development in the area (thanks Beanie Girl!)
- Noble Park: + strong population, low vacancy, - stigma
- Spring Vale: + strong population, good history of cg, low vacancy, - may have already had its growth
I'm looking to purchase within the next few months and will hopefully have a budget up to $320, 000. My preference is Melbourne over Brisbane given the expected population growth/stronger real estate market and believe there might be still some good deals to be found.
My strategy is long-term hold (20 years), somewhat newer units/villas/townhouses within walking distance to a train station/shopping centre and that require minimal renovation.
Thanks for your help and insights!