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Nice thread revival! Anyway, don't get me wrong - I was not suggesting that Mitcham is an unpleasant place to live. It is has plenty going for it. The original poster, however, asked whether it was a good investment and I gave my honest opinion for the money paid for a 2 bedroom apartment. If...

Let us know how it goes over time. I honestly think these will not create good capital growth when they cost $420k, there are 200 apartments, and it is 20kms from the cbd. I totally agree with you that apartment blocks can create good capital growth! Typically in high land value areas and...

That is a signal of it being a poor investment right there. If a house on a standard block is well under $500k in Mitcham- then a 2 bedroom apartment in a block of over 100 for $420k in Mitcham is crazy. What would the proportionate value of land for each apartment - $20k? Terrible land to...

I disagree with your sentiments - such as 'people who work in the city will love these apartments". It is hardly central living - Mitcham is 20kms from the CBD! Not a convenient location for a small apartment. And as for your statement "as for it being an investment, how can you go wrong" -...