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  1. Jake Milne

    IP In Melbourne under $375K

    Investing in Deer Park. Let me first say, I'm personally not a fan of Deer Park as an investment area but I understand that you, as an investor will come to your own conclusions and as such I'll attempt to present to you some facts and thoughts for your consideration so that you can, at the...
  2. Jake Milne

    IP In Melbourne under $375K

    Congrats on securing a tenant so quickly! I agree that renting a unit isn't a problem here: The vacancy rate in Deer Park is only 2% which, as you know, is as good as many other desirable suburbs across Melbourne. Source: http://www.sqmresearch.com.au/graph_vacancy.php?postcode=Deer+Park&t=1
  3. Jake Milne

    IP In Melbourne under $375K

    First and foremost: Property prices are representations of supply and demand. Vacant land means there is no shortage of possible supply. Look at the amount of vacant land near Deer Park...
  4. Jake Milne

    IP In Melbourne under $375K

    You won't be able to afford anything worth buying until your in mid ring suburbs. 1BR's in say Murrumbeena or Carnegie would be in your price range but capital growth at this price range probably isn't as good as other options like buying a reasonable house in say Ballarat or even looking...
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