Hi Everyone, this is my first post as I just discovered this great forum the other day!
My PPOR is in Cranbourne, I'm currently saving money towards my first IP and wonder whether it would be a good idea to purchase in cranbourne, or whether I should look further afield.
I know traditionally Cranbourne has quite a bad reputation as a suburb full of bogans and white trash, but as a kiwi who had no preconceptions before buying a property there (mainly due to cost and I loved the house I found) I find cranbourne quite a nice place to live.
What is the current consensus on Cranbourne now? I have seen quite a lot of FHB action in the area with many houses being snapped up very quickly. At least 2 houses in my immediate area were snapped up within a week of being listed!
Domain shows that it has around an 11% long term growth which seems to be a decent figure. (http://www.domain.com.au/public/SuburbProfile.aspx?searchTerm=Cranbourne&mode=research) Is the Domain.com suburb profile a reliable tool?
The kind of IP i'm looking for is this. Something that needs a bit of TLC. Ideally I would like to spend under 250k.
If Cranbourne isn't the right area, are you able to recommend a better suburb that would have similar properties available as the one above?
My PPOR is in Cranbourne, I'm currently saving money towards my first IP and wonder whether it would be a good idea to purchase in cranbourne, or whether I should look further afield.
I know traditionally Cranbourne has quite a bad reputation as a suburb full of bogans and white trash, but as a kiwi who had no preconceptions before buying a property there (mainly due to cost and I loved the house I found) I find cranbourne quite a nice place to live.
What is the current consensus on Cranbourne now? I have seen quite a lot of FHB action in the area with many houses being snapped up very quickly. At least 2 houses in my immediate area were snapped up within a week of being listed!
Domain shows that it has around an 11% long term growth which seems to be a decent figure. (http://www.domain.com.au/public/SuburbProfile.aspx?searchTerm=Cranbourne&mode=research) Is the Domain.com suburb profile a reliable tool?
The kind of IP i'm looking for is this. Something that needs a bit of TLC. Ideally I would like to spend under 250k.
If Cranbourne isn't the right area, are you able to recommend a better suburb that would have similar properties available as the one above?