Clayton vs Clayton South vs Burwood

[Novice1]

Looking for IP with 1st priority as CG (hold for 5+ years) and next a decent rent to cover the holding cost. Not planning to do huge reno , can do basic reno if required.

Not familiar with any of these suburbs or the surrounding suburbs

How would you rank Clayton , Clayton South and Burwood.

I picked up these three with promiximity to Monash Uni and public transport.

Would be interested if there are other suggestions on suburbs too. Budget around 500k.

If I am comparing just Clayton and Clayton South, is there any specifc area to be avoided or preferred or pretty much the same?

Have tried to search the previous links prior to posting this question though if it has been answered elsewhere, will appreciate the links.

Thanks.

 

[The Y-man]

Monah Uni is NOT the main attraction - Monash HOSPITAL is - think for yourself - which tenancy is more stable? Students or employss at a HUGE hospital plus related specialist services around the place (i.e. house can become medical practice in future)

How does Monash (Uni) factor into Burwood??

The Y-man

 

[Novice1]

Monah Uni is NOT the main attraction - Monash HOSPITAL is - think for yourself - which tenancy is more stable? Students or employss at a HUGE hospital plus related specialist services around the place (i.e. house can become medical practice in future)

How does Monash (Uni) factor into Burwood??

The Y-man

Thanks Y-man for the prompt reply.
Yes, forgot to remove "Monash" , I initially meant just proximity to Uni which for Burwood is Deakin Uni.

I agree and personally not keen on students as tenants just thought as one of the reasons for CG was proximity to Uni.

Is Monash Hospital same as Monash Medical Centre in Clayton ?

 

[rabidz]

Definitely Burwood (by miles).
Then Clayton
Then Clayton South

 

[Jake Milne]

With $500,000 I'm assuming you're looking at units... How have you come to select these suburbs?

None of these suburbs have outstanding projections. Personally I think you could park money elsewhere with better results.

If I had to choose I'd say Clayton North only because of the Train line. Burwood is a more aesthetic suburb however.

 

[Novice1]

Definitely Burwood (by miles).
Then Clayton
Then Clayton South

Thanks mate

A follow-on question , which one might have better capital gain

a) Unit in Burwood ( 30+ age wise , within 1.5 km to Deakin Uni and land area like 300-350 sq m)

vs

b) house in Clayton South (similar age with area like 600+ sq m)

(I am aware cost for the above two options are not necessarily similar)

 

[Melbournian]

Looking for IP with 1st priority as CG (hold for 5+ years) and next a decent rent to cover the holding cost. Not planning to do huge reno , can do basic reno if required.

Not familiar with any of these suburbs or the surrounding suburbs

How would you rank Clayton , Clayton South and Burwood.

I picked up these three with promiximity to Monash Uni and public transport.

Would be interested if there are other suggestions on suburbs too. Budget around 500k.

If I am comparing just Clayton and Clayton South, is there any specifc area to be avoided or preferred or pretty much the same?

Have tried to search the previous links prior to posting this question though if it has been answered elsewhere, will appreciate the links.

Thanks.

i would go clayton look for huge blocks either close to monash or closer to the hospital. they are cheap compared to other places like doncaster, chadstone etc.

i saw one 668sqm block subdivided into 3 townhouses and that is real gains in that.,

 

[Novice1]

With $500,000 I'm assuming you're looking at units... How have you come to select these suburbs?

None of these suburbs have outstanding projections. Personally I think you could park money elsewhere with better results.

If I had to choose I'd say Clayton North only because of the Train line. Burwood is a more aesthetic suburb however.

Thanks Jake.

I would say pretty random list to start with for East , S/E. didnt want to invest in North. West is covered with ppor. need something on eastern side hopefully not too far from CBD..

Which other suburbs would you suggest ?

 

[Jake Milne]

For buy and hold. I'd suggest purchasing in a suburb along the train line as you'll find vacancy rates, growth and yields are slightly better for areas that appeal to commuters.

Glen Waverly, Mount Waverly, Oakleigh and Hughesdale may have options for a villa but you'll be challenged on price and may have to do a bit of work. Still, based on projections and infrastructure, I'd pick these above Clayton/Burwood any day.

That said $500k easily gets you a 1BR apartment and just gets you into 2 BR apartment closer in such as Hawthorn East, Elwood, St Kilda. These Blue Chip suburbs have predictions between 6% - 8% CG over the next 5-8 years which may out perform a villa/Townhouse in the outer rings.

Other suburbs that are worth considering that have slightly less growth but a lower price point are: Carnegie & Murrumbeena.

 

[The Y-man]

Is Monash Hospital same as Monash Medical Centre in Clayton ?

Yeah sorry, Monash Medical Centre

The Y-man

 

[The Y-man]

If I had to choose I'd say Clayton North only because of the Train line. Burwood is a more aesthetic suburb however.

Locally, we tend to refer to Clayton North as "North of Princes Hwy/North Rd" or the Uni precinct.

That area I'd stay clear of - no shops, not train, tranisent population, and seemingly lots of "for lease" signs year round (might just be psychological - but I travel through there 3 times a week)

"Clayton Central" - what we refer roughly to the areas bounded by Princes hwy, North Rd, Huntigdale and Centre Rds - is probably the best bet for growth - still lots of old weatherboards, and many being knocked down into apartments. This area contains the shops, train station, and a big hospital precinct (Clayton recreation reserve is currently morphing into a multi-deck car park)


South Clayton - 2 very distinct areas. The area we know as Westall (near Westall station) has some really cheap units for sale - but if you go there, the place looks a bit.... well .... "unkept". Having said that, many of these are also getting knocked down and new units etc coming up. So if you are willing to wear some short term pain......

The "other" Clayton Sth - West of Main Rd and all the way to Clarinda (same post code) - has no amenities (unless you Bunnings counts) -BUUUUT - I personally like the "feel" of the area. I can't justify it rationally, but it looks a lot more liveable when driving through it. They've also redone the wetlands in namatjira park - looks great.

The Y-man

 

[Novice1]

Thanks all. Appreciate the detailed responses.

 

[Spades]

Good factual post Y-man.

I also like Clarinda but you forgot the shops on bourke rd.

Though it's not in walking distance to the train line,you still have good access via other means.

 

[The Y-man]

Good factual post Y-man.

I also like Clarinda but you forgot the shops on bourke rd.

Though it's not in walking distance to the train line,you still have good access via other means.

Yes of course! How could I forget - the real estate agency we bought out very first IP off was located there

The Y-man

 

[Spades]

Yes of course! How could I forget - the real estate agency we bought out very first IP off was located there

The Y-man

That IP must be a set and forget ha ha.