All,
Are Melbourne inner north-west suburbs still undervalued?
I am talking about areas within 10kms from CBD and they are relatively in good demographic/desireable areas such as:
Kensington
Flemington
Ascot Vale
Moonee Ponds
Essendon
they all got 5 stars rated by The AGE
are they still under-valued in comparison to similar (distance & demographic wise) counterparts in...
> North East - Fairfield, Alphington, Eaglemont, Ivanhoe
> East - Richmond, Abbotsford, Hawthorn, Hawthorn East
> South East - Elwood, Elsternwick, Caulfied etc
Currently - those NW suburbs median prices are about 10-40% lower than those other areas above
Will they ever catch up in next 5 years given:
> the distances to CBD are approx similar,
> Public amenities, transports & city accesses are readily available?
Do you think they represent good capital gains for mid term (3-5yrs) ?
Do you think they are good choices for OO given the lifestyle/desirability/facilities of the areas?
Any thoughts?
Looking forward for discussions....
Are Melbourne inner north-west suburbs still undervalued?
I am talking about areas within 10kms from CBD and they are relatively in good demographic/desireable areas such as:
Kensington
Flemington
Ascot Vale
Moonee Ponds
Essendon
they all got 5 stars rated by The AGE
are they still under-valued in comparison to similar (distance & demographic wise) counterparts in...
> North East - Fairfield, Alphington, Eaglemont, Ivanhoe
> East - Richmond, Abbotsford, Hawthorn, Hawthorn East
> South East - Elwood, Elsternwick, Caulfied etc
Currently - those NW suburbs median prices are about 10-40% lower than those other areas above
Will they ever catch up in next 5 years given:
> the distances to CBD are approx similar,
> Public amenities, transports & city accesses are readily available?
Do you think they represent good capital gains for mid term (3-5yrs) ?
Do you think they are good choices for OO given the lifestyle/desirability/facilities of the areas?
Any thoughts?
Looking forward for discussions....