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    Melbourne Hot Spots - Outer Melbourne

    Anyone know Melbourne's % population growth over the past 5 years?
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    Melbourne Hot Spots - Outer Melbourne

    Wish I had the good sense to get in back then.
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    Melbourne Hot Spots - Outer Melbourne

    For demographic reasons, I only invest in major-city suburbs where there is already infrastructure in place. I prefer not to overcomplicate things. I've never seen a Bunnings or McDonalds in Australia close down for want of business. If one follows McDonalds and Bunnnings, its hard to go...
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    Melbourne Hot Spots - Outer Melbourne

    Where do extremely rich people live? :D;) With the models and bottles?
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    Melbourne Hot Spots - Outer Melbourne

    My friend, lets call him "Mr Smith", is an investor more than a developer. All his North Frankston acquisitions are IPs, funded by banks. None are "commercial development sites" as you say. Yes, he may develop them.....but, unlike ordinary developers, he will do so at his own pace. He's already...
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    Melbourne Hot Spots - Outer Melbourne

    I know several wealthy people, contrarians, who buy in mispriced places like Frankston. One person I know - I estimate his net worth to be around $7m excluding PPOR- raised a lot of eyebrows when he bought several delapidated but rentable old homes in Frankston North barely 3 yrs ago for around...
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    Melbourne Hot Spots - Outer Melbourne

    Fixed, unchangeable views come in the way of making good investment decisions.
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