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I like Pakenham out of the Suburbs listed. Mainly because it is a newish growing area. They have a new highway there... not sure if that is good or bad for Pakenham as it bypasses it. Anyway it's also closer to Melbourne than the other areas I belive.

The problem with this is that I am living with my girlfriend in a tiny apartment and we both agree that we are too cramped and really want to find something bigger and with less cracks in the wall! So it sounds like we will need to rent somewhere for a few months after December, then I will have...

I am trying to figure out when is the best time to buy a house, for my situation. My situation is thus... I am looking for my first property and am currently earning 40K but am starting a new job in two weeks in which I will be earning 50K, as my base salary. Now I have already had...

Hey, I think these sound like good options. Deer Park is quite a cheap suburb however, and in a lowish economic area. I would ask the person who recommended them what their reasons were. More research would be useful. Are they expecting high growth in this area?

Ok, I'll respond... On a budget of say under 400K for a house I like: Frankston - close to the beach, popular etc. Chelsea - beachside again, and has an average house price of around 325K. Suburbs around it have average house prices of around 400K, ie Edithvale, Bonbeach. Carrum -...

Thanks for the replies. I'll give you a little more information about my situation. I plan to buy something with about a 5% deposit for say 220K. Then in say 2-3 years I will aim to buy another property using my equity in the first property and any money I have saved up. So if for example I...

Hi, I am getting ready to buy my first IP and need some advice on loans. I saw that Ratebusters have fairly low interest rates (6.993%) but with application fees. Now I met with a mortgage broker whom has advised me that a loan with ING or CBA (rate around 7.4% with little or no application...

How about Ratebusters? www.ratebusters.com.au 6.993% (has application fees however.)

Yes, well the only suburb I was thinking of buying in was Frankston North, because of it's location to the beach and it's proximity to Mt. Eliza with an average price of 500K or so. Updated List: Melton South 173K Frankston North: 180K Melton: 180K Doveton: 183K Laverton 195K...

I have been looking at property values in some of the cheaper areas in Melbourne and am wanting opinions on the value of each of these suburbs. I used Domain.com.au property reports, but the figures seem to be a few months old to me. I think they are still of relevance though. One example is -...

Ben, I am also looking to buy my first IP and have a budget of upto 250K. I personally like Keysboroough, because there are not a lot of properties there, but you need to spend about 250+ to get a 3 bedroom house. For a 2 bed unit I like Oakleigh as you can get something around the 200K...

I'll add a few more towns to the list: Torquay Ocean's Grove Anglesea Lorne Appollo Bay Warrnambool And one QLD town: Townsville Also this is an interesting article on boom towns, in case anyone missed it: http://au.todaytonight.yahoo.com/art...-10-boom-towns Was discussed...

Thanks for the tips Chrispy and Our_Obsession. So Morwell is rather cheap still. Wonthaggi is looking even better if the water plant is built there.

What do people think of these suburbs/towns for an investment?: Wonthaggi - This town has had very strong growth in the past few years. Pakenham - One of the most outer suburbs. Castlemaine - Gold mining town Maldon - mining town Morwell Inverloch Shoreham Dromana

This site is good for basic free property reports: www.propertyvalue.com.au

I have started researching on Domain.com.au which has this thing called property reports. These are fairly basic but good to look at what each suburb is doing price wise. For example I just compared Caulfield South to Glen Iris, which aren't that far away from one another, but have quite...

For a cheaper property I like the suburbs of Keysborough, Truganina, and Berwick. I do not know much about Truganina yet, just that it is in the West of Melbourne, near Altona and there seems to be a lot of new houses being built there. Anyone else have thoughts on these areas?

Although the lower short fall in the short term looks good, in the long term you property may double in value within 7-10 years. So you need to take that into account. Also on a sidenote, there are some managed funds making more than 15-20%. You may be able to make 40-50% if you shop around.