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sorry was from a different post. i tot it was you who posted that link.. guess was wrong.

Fair enough - i would have thought someone who would want to live in mitcham would be someone who wants to live in like a landed unit rather than an apartment. 375K for 62 sqms in my opinion is a bit expensive. You can get the same in Southbank for the same price. maybe flunctuations of 2-3%...

You could possibly get a second hand apartment 2 bedroom for around 350-400K mark. Still would be cheaper than the mitcham. If i had to pay around 444K mark - i would be better be buying off in CBD, southbank or south melbourne. I had asked a lot of the agents ard box hill, blackburn area -...

agree i would be waiting for that 38 storey box hill development and put my money in that. Spoke to most of the box hill agents.. many reckon they would put be putting their own money into it once it starts selling. As for mitcham.. really wonder who is going to rent there especially apartments.

what is the projected capital gains growth given it was purchased at 450K for 2 bed 1 bath 1 carpark in mitcham? or rental return. You could purchase a similar unit in the inner city (5kms to CBD) for that price range. Feels it's a bit expensive especially for mitcham.

it's next to the bus station. empty and big.. u cannot miss it http://www.realestatesource.com.au/plans-for-38-level-skyscraper-in-box-hill.html

agree with rprodrive - end of the day it's location that counts.. mitcham is now where.. just comparing surrounding suburbs doncaster has it's westfield. box hill has its restaurants, shops and its strong migrant investment. Wouldn't touch mitcham apartments..even if you have the FHOG.. but...