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  1. Peter Parker

    Brimbank Gardens - Derrimut or Eastern suburbs?

    You cannot be that certain of this, especially if you consider: i. The east has low supply of land but high demand ii. The west has abundant land and fair to good demand What impact do you think that will on future capital growth? You can't beat the west if you've got a small...
  2. Peter Parker

    Brimbank Gardens - Derrimut or Eastern suburbs?

    There are two things about that: 1. You're borrowing a lot more just to get some of it back on tax. 2. New places in their first few years are likely to grow slower than established homes. ESPECIALLY if they're near areas where existing homes are $100k cheaper. So the wait is likely...
  3. Peter Parker

    Brimbank Gardens - Derrimut or Eastern suburbs?

    To answer your questions, 1. Probably not 2. Possibly 3. Yes You can do much better with $340k, whether your favoured approach is 'quantity' or 'quality'. If 'quantity', $340k could just get two older houses in somewhere like Melton with a total land area of 1200m2. Admittedly...
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