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read the comments here people. sums up our arguments about werribee http://www.heraldsun.com.au/news/victoria/clinton-caseys-property-avon-court-in-shakespeare-grove-hawthorn-sells-for-melbourne-price-record/comments-e6frf7kx-1225803568882

lol I think you mean you like to buy cheap properties because that's what you can afford. I never said there's anything wrong with not being able to afford million dollar homes. But saying that your cheap properties have gone up in value doesn't mean anything. I could have bought acres of land...

I doubt that would happen. Even if it fell 10% there's likely to be a lot of people who are willing to buy it

I don't understand how people can assume that just because Melbourne's population is set to grow from new migrants, that this automatically affects their own area's property prices. That is just plain wrong. The question is, do these migrants have money? If they are refugees/poor, then of...

All I need to say is one of my properties is equal to 10-20 of yours. I didn't have to wait 20 years to get decent growth either - more like 3 years.

LOL. i think you got wrecked MCS. Titanic-Shipwrecked!!

it means afraid of foreigners Pauline. Didn't you go to school?

I am pretty sure that if you are a multi-millionaire that Werribee would be one of the last places that you would live. Even if you wanted to be low-key there are plenty of other better places that offer that anonymity.

I would always be wary of the large government projects that are foreshadowed to be constructed in the area - we all know that governments (particularly local and state) are slow and are 'flexible' with the truth. I would not commit $200,000+ to a property on the whims of a promise by a...

The simple fact is people who live/look to live in Werribee etc. just don't have enough income to service a negatively geared property. This means that they miss out on the potential growth that could be experienced in a more affluent suburb. It's always a trade off between capital gain and...

lol you can be the property tycoon of werribee. good luck with that one. Say hi to the sheep and cows for me

Of course position is #1. It's not as if you can move the property to another area - once you buy a property you are stuck with that location no matter what. So isn't it obvious that you have to make sure you buy in a good area? Whether the house is a POS or not is another matter - but in that...

lol I can't believe the guy on the previous page said that location doesn't matter for property. I almost cried laughing when I read that

The problem I have with that analysis is that those cheap houses are not always in those good, high demand areas. I would rather buy a more expensive property in Carlton, Richmond etc because I know that pretty much anyone wants to live near the city when they're shopping for a house. Contrast...

Top of the market does tend to run harder than the bottom of the market. But at the same time top of the market is the first one to cop it when things turn bad because less people can afford the expensive properties. Of course the 'cheaper' properties are going to show bigger growth - it's...

come on just face it you west side people. It's not going to happen for a loooooong time. it takes generations, not a few years, to change from a dump like hoppers crossing into a nice area like Carlton.