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If I got a one bedroom flat in Toorak I would have had to pay at least double of what I paid. Also I'm not a fan of one bedroom units. We may have got the cheapest 5 suburbs in Melbourne when we invested, but I think where we bought will not be in the 10 cheapest suburbs for long as it's...

I find it hard to believe that the median house price in Toorak was only 700k in 1999. If it was, not knowing what the median house price is now, it could be argued that Toorak is now overpriced. I know Doveton was under 100k in 1999 and is now close to 300k today.

I see your point. However I disagree with you that buying in Werribee is like buying a start up company. In the stock market there are many similar big companies like BHP, so with the same outlay one could buy 20 different top 100 ASX companies, but it's a lot harder to spread risk in buying...

I respect your opinion, but whoever said Point Cook was a **** hole (paraphasing but that was the jist) is also making cheap shots on someone that has a different investment philisophy. Point Cook may not be the best investment but to raise Toorak in a Point Cook discussion is the highet of...

I know someone that had a really good house in Templestowe. They got a house in Toorak so thus sold Templestowe. While they were building there dream house in Toorak they were renting. Guess what happended. They had a mortgee sale on the property. An uncomplete built house sold for over $7...

You have just admitted that buying one property with the same procceeds increases ones risk rather than buying 2 properties with the same proceeds. Why shouldn't one expect a higher return for buying one property rather than 2 with the same funds to deem the investment a success?

The vast majority of people can not afford to invest in Toorak. Should the vast majority of people be discourged from investing in property just because they can't afford the best (and assuming Toorak offers the highest growth?) We invested in Frankston North and are very happy with the...

If you bought one house in Toorak or 20 houses all over the place, you would want the capital growth in Toorak to be higher than the 20 houses all over the place as investing all ones egg in one basket is riskier than spreading the risk and buying 20 properties in different locations.

If a person straight out of uni is earning 100k, then they are doing very well. Most people out of uni wouldn't be earning near 50k a year.

Earning 100k a year isn't huge money now days, but it should be a comfortable living.

I think Elwood is considered in the best 25% of suburbs at least.

The relevance is that I'm trying to see where you are coming from. You (or someone similar to yourself) seem to bag someone that seems to have a few million dollars worth of property in the not so call desirable suburbs. I don't want to start a slanging match, but rather am interested in...

Delta, What do you define as succesful?