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what's the expected rental return for an apartment like this? People might be more yield focused now?

Great minds think alike! :D :D

very possible, it's the quoted median price, so doesn't mean u can't find anymore 260k, just like what belz66 said.

that's gone up to 325k (median price) now, and prob. not so "affordable"

We had discussions about Maribyrnong in this thread, and I was tipping Avondale Height to be the potential performer based on what Maribyrnong has achieved. I am not saying Maribyrnong will not go up higher by all means (in fact I think it will go up a lot more) but the holding cost is becoming...

to the best of my knowledge, oak park, avondale height are still quite ok.

that was exactly what I've been thinking, and have acted accordingly. However, there are probably still some values left in inner north west which are still less than 15km from CBD, which are very purchasable for people who have already built up considerable equity.

There's plenty of this reason why this happens (and I am with you on sitting on the fence with eyes wide open). I don't if this applies to this particular property, but I do know that some immigrants are cashed up through "black money" (from taxpayer's money) and since they don't know how to...

that's just crazy.. the market sentiment is on fire, lots of emotional investors/speculators/first home buyers out there atm. Can't fight the market trend and just go with the flow!