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I didn't take it personally PM, I was just giving another point of view to the post. I suppose I do defend Melton a bit, but I suppose it's because even though it has it's downside, there is still plenty of upside if people are prepared to look through the negative stuff. The price I paid for...

Oh I don't know, .... I had two IP's in Melton (Central). I sold one last year ..... quite happy with the return of approx 60% after selling costs. I'm holding onto the other one as it has sub-division potential. I know of another couple of SS investors that are also very happy with there...

We bought a couple of older style 3 bed 1 bath brick veneer houses in 2006 at central Melton, ..... paid $155k and $160k...... sold one last year (2011) for $258,000 after a repaint and cleanup/reno that cost $5,000. It sold within 2 weeks of being listed. The other is a corner block which we...

A different perspective from the anti Melton brigade..... 60% capital gain since 2006 ...... and currently 9.2% gross rent yield on our IP's in Melton. Yep ... really crap place to invest according to the anti Melton-ites... Give me this sort of return anytime ..... Mystery