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No I understand that! Let's see what the FHB's here, eg. IndexFund, have to say...

The statistics (ABS) show that most FHB's (60%) are high income households. The rest, 40%, are low-middle income households, and would be the ones more likely to be affected by affordability issues. At present, statistics show that the high income FHB's ARE still buying homes, but mostly they...

Oh well, just some suggestions. Any FHB's here, what do you think...? Given the proximity to the CBD, I think they are reasonable options. Some of them, at just 11km from the CBD, could be even classed as 'inner city properties'...

Here's just a few examples in Reservoir: (1) This one's actually relatively new, at $269500 negotiable, "VENDOR SAYS SELL"!: http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104392187&f=0&p=10&t=res&ty=&fmt=&header=&c=25753867&s=vic&snf=ras&tm=1197017537 (2) A house even at 240k+, 11km...

If you can afford 260k, as you say, then you can get a large 2 bed (possibly even 3 bed) un-renovated villa unit with a backyard, 12-14 km north of the CBD, and less than 15-20 minutes by car, train or tram: ie. in Reservoir. Why aren't you looking here??? You can keep complaining about...

3 years ago when I was looking here this type of apartment was going for 340-380k!

With the Armadale property I would have thought that on a good day the vendor may have got 430-450k for it, so I don't think the quoted price range was too low. 501k for similar properties in this suburb I have just not seen at all this year, so it was a real surprise for me, and I suspect for...

Holy cow! This pokey 2 bedder in Armadale quoted for 360k+, sold for 501k yesterday :eek:! That's got to be a record for this type of property in Armadale - 10-12 months ago it could have been bought for 320-340k or so (thus it's had a > 47% increase in 12 months)...

Some have called it a 'mini-boom', if that's so, I can't wait for the 'boom'...buckle up!

Yes, this is precisely what I'm getting at, and is exactly what I have seen in my own investing experience in recent years. Inner Melbourne, broadly speaking, is a classic example of this...I've seen/am seeing a rental boom AND a property value boom in the particular suburbs and types of...

The latest HTW report is also interesting, again commenting on the rental boom in inner Melbourne. The point I'm trying to make here is that when negatively gearing, as part of your selection process, if you also look for areas that are relatively 'under-valued' in terms of rent...then when...

And another article about the rental boom... http://news.ninemsn.com.au/article.aspx?id=302380 GSJ

Oops, just changed the link, that was for another thread! Hilarious captain! JenD, The rent is high, but it has also increased dramatically in the last 12-24 months, as have property values, ie. a rental boom and property value boom, which is great for people who bought back then...but...

Thanks to Peter 14.7 for this link shown in another thread, that strengthens my point above: http://www.news.com.au/heraldsun/story/0,21985,22522232-2862,00.html Inner Melbourne has the highest median rent of $340 per week, across all housing types in Melbourne!!! GSJ

Just another thought on inner Melbourne...it's not only prices that have risen enormously, it's also rents (eg. $270 per week to $330 per week in some properties/suburbs, in 12 months), so if you bought property prior to inner Melbourne commencing its climb you will have seen very significant...

Isn't Centre Rd a busy main road? GSJ

Hi there, This 2 bedder in an unrenovated 60s/70s apartment block, with renovated kithen/bathroom, could have been bought at about 330-350k, 10-12months ago. http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104229829&f=0&p=10&t=res&ty=&fmt=&header=&c=94365341&s=vic&snf=ras&tm=1189918448...

So that's about a 57% increase in price in 2 years! :eek: :eek: If people still think this is a 'mini-boom', then it'll be interesting to see what happens when the real boom phase kicks in... Any other interesting auction results today? GSJ

I don't understand this one. It's basically like a villa unit. 390k seems exhorbitant for this in the west. GSJ

Sorry no prizes, just the glory on Somersoft and maybe a kudo if you're spot on :D . GSJ