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    [Melbourne] Thoughts on apartment as first home/investment?

    There is nothing wrong per se with new developments. You get something new to live in, and you don't have to put down much money to secure the property. It's just that people on this forum are biased against them for various reasons. But without people buying off the plan there would be no...
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    [Melbourne] Thoughts on apartment as first home/investment?

    Very good point. Add Richmond to that list of oversupply of apartments
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    [Melbourne] Thoughts on apartment as first home/investment?

    Right now in Melbourne there is nothing 'exclusive' about selling apartments. They will sell to the beggar on Bourke Street as long as he had the money for the deposit.
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    [Melbourne] Thoughts on apartment as first home/investment?

    As would I. I do live in the CBD right now and while it's good sometimes you want more peace and quiet.
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    [Melbourne] Thoughts on apartment as first home/investment?

    There is more to a CBD than just offices. People live in places because of the lifestyle, which includes access to food and entertainment, as well as proximity to work. This is my opinion, but if you want to live in the CBD, why would you live in a place which is not the CBD? It is this thought...
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    [Melbourne] Thoughts on apartment as first home/investment?

    In my opinion, I find the location quite derivative. If you are going to live in the CBD, you will live in the CBD. Not in an area with nothing to show for it except for Crown Casino...
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    [Melbourne] Thoughts on apartment as first home/investment?

    I just find it a bit out of the way. Plus there's new towers coming up every year so there's a lot of supply on the market.
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    [Melbourne] Thoughts on apartment as first home/investment?

    Nah I don't think so.....unless you're hoping Docklands gentrifies like a Fitzroy or a Richmond...
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    [Melbourne] Thoughts on apartment as first home/investment?

    Y-Man - you're joking right?
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    [Melbourne] Thoughts on apartment as first home/investment?

    It all depends on your risk tolerance. Personally, I believe that if you can afford a house, then you should buy one rather than an apartment. However, houses are far more maintenance than an apartment. You need to decide for yourself which property is best for you. That might sound like a...
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    [Melbourne] Thoughts on apartment as first home/investment?

    Hi 7smurfs, With that budget you'd probably only be able to get a 2 bedroom apartment in the inner city suburbs you have identified. You certainly won't be able to get a house in Blackburn, Burwood, Forest Hill, Thornbury or Preston unless you increase the budget. You may be able to get a...
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