Glenroy - Too many townhouses?

I went to Glenroy/hadfield for the first time. I was shocked at the number of townhouses! It's like the entire suburb will be townhouses. Whereas Oak park and Pascoe Vale have more houses.

Question: is it a bad investment move to buy a TH there? How would your TH stand out in terms of rental or even worse, when it is time to sell?

Thank you.
 
Why don't you do some research on re.com.au and see how many new TH's are for sale and how many are for rent? Check out this macro level information first. Vacancy rates etc. There's plenty of research you can do to see what is the right buy for an area. You also need to make sure what you're looking to buy, fits with your strategy. Is your strategy to buy town houses?
 
I wouldn't say I have a firm strategy.

The reason for looking at townhouses in Melbourne is because I'd struggle to afford a house. But having so many townhouses in the one suburb was a bit startling. I was going to check the Abs Census stats but 2011 stats seem a bit outdated.
 
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