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BUMP...seeing as outer suburbs are now heating up??

With respect to the subject of this thread, I thought that 2008 might be a better year (eg. as opposed to say 2005, 2006 or 2007, where I would have said that there are better opportunities closer to the CBD) for certain types of properties that are well located in relatively well-positioned...

Hi addbe, Sounds like you've done incredibly well to start at 19 y/o, and in just 4 years time, at 23 y/o, have an investment portfolio worth about 13.5MM, with debt of 7.5MM (so net worth of 6MM) - if I read your figures correctly...??!! How the heck did you manage to do that?! Anyway...

Thanks Kenneth, The 12 month change in the median house price of Melton is up 3.8% (from June '06 to June '07, see http://realestateview.com.au/median/m.html) Yet, as your quoted figures show, in the Jan-Mar '07 quarter alone the median land prices in Melton actually fell by 7.3%...

Silly valuers, gotta love 'em :D ! GSJ

Yes, I've seen this too. It's still much cheaper than it's neighbouring suburb of Preston, which is a Principal Activity Centre in Melbourne 2030. I think select parts of Reservoir will continue to do very well over the next 12 months. Not just houses, but also medium-density housing eg...

Thanks Jason, good post. Will have to re-consider my stance on the outer west now! - at least for bayside outer west. GSJ

People talk about property prices 'crashing', and I'm sure this must happen to some degree. I could probably guess a few suburbs that might be stagnating or falling...and these most likely would be outer suburbs, but I don't have any specific examples I could share at present, so I was hoping...

What's happening on the ground in Melbourne's Outer Suburbs? BUMP! Has anyone got examples they could share of any significant price falls in properties in Melbourne's outer suburbs in the current market? I believe the statistics show that generally speaking outer suburbs are either still...

Hi everyone, The ripple effect has clearly begun as evidenced by the recent performance of inner and bayside Melbourne, and some people are already being priced out of some of Melbourne's blue-chip suburbs. Whilst I still feel there are opportunities to buy quality property in inner and...