Affordable Suburbs Report

[bailz66]

Just got this in an email and it may be of interest to a few people.

It from RPData and lists affordable subrubs, their distance to CBD, median price and their growth. It lists all areas with a median price under 350k.

http://demo.listem.com.au/myrpdemo/pdf/MY_RP_Data_Most_affordable_suburbs_rpt_Nov_07.pdf

 

[ianvestor]

I finally understand why it's called a 'crisis'.

If I had to live in Carole Park, my life would be in crisis mode too. What a s*** hole.

 

[hobo-jo]

Thanks for sharing

 

[Belu]

does Doveton say $193k for houses and $197k for units or is it just me?

 

[Jase H]

thanks a lot for that

how recent are the figures supposed to be?

jase

 

[bailz66]

Its from RP data, it came out maybe 2 days ago now

And it should be their latest data.

November 07 it says on the file. However it depends on how they work out the median as well.

 

[Belu]

looking at doveton as an example, prices in the area seem to be around $230-270k whereas $193k is stated, so either im doing something wrong or they are a bit outdated.

 

[bailz66]

I have noticed the same thing for Watsonia where i live.

They might do averages over a large period of time say 12 months so the average is actually lower than the actual value shown in the article.

So maybe worth adding 5% to each area

-Warren

 

[Wallym]

Seymour, Victoria

Seymour, Victoria.
Does anybody know anything about this place?
My brother visited the area recently and thinks that it may have potential.
I did a quick google check and it looks quite a tidy little town, north(ish) of Melbourne.
A bit of a country town with a river flowing throught it, a rail line and freeway to Melbourne (about an hours travelling), and very affordable.
Any views about the potential growth of this town?

Cheers, WALLY

 

[bailz66]

The river in seymore is great and holiday or a place to retire on the river could be popular.

Its about 1 hour north of melbourne.

There are 2 other affordable towns between melbourne and seymore in Wallan and kilmore.

I had my bucks party there in febuary last year. It was very dry away from the river and the town was quite quiet and small. I dont see there being a huge demand for rentals in the area as there isn't a huge industry there.