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WOW!!!That's really expensive for WERRIBEE Marina:eek:

I think some people have turned my question to a totally different debate. Although i do agree that house prices in east are likely to increase more than western suburbs but what can you buy in eastern suburbs for under $300 k??? I have never considered buying a unit and probably never will so...

Ott!!!!!!!!

Thanks for all your views guys, some interesting facts there. I think i am still going to buy IP in HP/Werribee area as it's more affordable for me and i do think it will be a good investment.

I agree but that's not the point. It's not about prices staying low. It's more about which area has potential to grow a lot more. For e.g A Nice house in Outer part of South East worth around $400k is likely to grow at around 10% at most over the next 2 years(as prices are already too high)...

You are right, there are some properties in Laverton and Altona Meadows for under $300k. These two areas are definitely closer to the city but properties you are likely to get there (for $300k) are not really in great shape. If you search in HP and Werribee though, you get very decent houses...

That's the key, there aren't too many places in Melbourne where we can buy a GOOD 3 brm house for less than 300k within 25 kms of city.

I know, it's rich coming from someone who lives in St Albans but i have been WARNED by family friends living in HP and Werribee. They think it's not worth buying a property in Werribee. I think the low prices won't stay low no matter how rough the area might be (Footscray is one example). I...

Hi everyone I am from Melbourne and searched for this forum as i am seriously looking for investment property. It's a great forum and there are some knowledgable and rich people on this forum. I have got a property in Western suburb of Melbourne(St Albans). I have about $150,000 equity and...