Affordable suburbs
- Thread starter Lissy
- Start date
Reply: 2
From: Michael Yardney
Each time the Melbourne newspapers print the REIV release of median price changes they also print a list of the "most affordable suburbs."
Both the Herald Sun and the Age printed a list on Saturday 2 weeks ago, but you can get the details on the REIV web site - www.reiv.com.au
But beware affordable means cheap and this usually means poor long term capital growth.But on the same web site you can see charts of the capital growth for each suburb.
Michael Yardney
Metropole Properties
From: Michael Yardney
Each time the Melbourne newspapers print the REIV release of median price changes they also print a list of the "most affordable suburbs."
Both the Herald Sun and the Age printed a list on Saturday 2 weeks ago, but you can get the details on the REIV web site - www.reiv.com.au
But beware affordable means cheap and this usually means poor long term capital growth.But on the same web site you can see charts of the capital growth for each suburb.
Michael Yardney
Metropole Properties
Last edited by a moderator:
Reply: 3
From: Felicity W.
Thanks for the responses on this everyone, I was curious to compare a more recent list with an older one I had to see the differences in the areas of Melbourne, I've certainly noticed the outer east has done a big rise over the last 12 months (medians have, anyway!).
Keep smiling
Felicity
From: Felicity W.
Thanks for the responses on this everyone, I was curious to compare a more recent list with an older one I had to see the differences in the areas of Melbourne, I've certainly noticed the outer east has done a big rise over the last 12 months (medians have, anyway!).
Keep smiling
Felicity
Last edited by a moderator:
Reply: 3.1
From: Mark Laszczuk
Ahem, Geelong is NOT a suburb of Melbourne, thank you very much. It is actually the second largest non-capital city in Australia, second only to Newcastle. Thankyou.
Mark
'no hat, some cattle'
From: Mark Laszczuk
Ahem, Geelong is NOT a suburb of Melbourne, thank you very much. It is actually the second largest non-capital city in Australia, second only to Newcastle. Thankyou.
Mark
'no hat, some cattle'
Last edited by a moderator:
Reply: 3.1.1
From: George M
and as with Newcastle a "Regional Market" and would have a risk associated with employment and infrastructure development.
when BHP moved out of Newcastle look at what happened to property prices, as when Pyramid collapsed in Geelong, similar things occurred. if Ford decided that Geelong was no longer the place for them (imagine)!.
stay in areas where there is a variety of industries and employment and infrastructure development, this may take some speculation out of your property portfolio.
From: George M
and as with Newcastle a "Regional Market" and would have a risk associated with employment and infrastructure development.
when BHP moved out of Newcastle look at what happened to property prices, as when Pyramid collapsed in Geelong, similar things occurred. if Ford decided that Geelong was no longer the place for them (imagine)!.
stay in areas where there is a variety of industries and employment and infrastructure development, this may take some speculation out of your property portfolio.
Last edited by a moderator:
