I have held off adding to the last thread on the topic. Purely because I didn't have anything constructive to add at the time. What I found interesting regarding Hoppers Crossing and the reason I started another thread, was just this evening, I was speaking with a work colleague who is on exchange from the UK.
He is staying in Hoppers Crossing. He and his partner are in their late 20's and have been here since August. While they are really enjoying Australia they dislike living in Hoppers Crossing. Their main criticism is that the area is totally disconnected from restaurants, transport, bars, night spots and decent shops. Furthermore, it doesn't have a main area of focus. (ie a main street/towncentre).
I have to say, I agree with them.
My colleague owns an apartment ouright in Manchester and he wants to buy in an inner suburb in Melbourne. His comments on our outer suburbs (not just Hoppers Crossing) are representative of the viewpoint of many people of his age/generation. If there are other cashed up immigrants coming to Australia with these viewpoints, then perhaps the inner areas will continue to offer the best returns for property going forward?
It is really difficult to ascertain. I hold property in a range of inner, middle and outer suburbs. I also live in Melbourne's West.
When investing it is good to take into account all points of view - both for and against investing in certain areas. Gaining an understanding of people's investment strategies is also worthwhile. Investing in Blue chip property often requires large ongoing cash injections (ie -ve geared blue chip property) whereas buying in outer areas and country areas offers higher yields. Thereby enabling an investor the opportunity to hold the property for the long term and in the process, continue buying.
I find it interesting to read and learn from people who have been successful in making money from investments in the outer areas. Spiderman, Harris and Sash spring to mind. Likewise, I also enjoy learning from those who have invested successfully in the inner areas and from those who invest in commercial property.
In the end, it doesn't really matter where the equity is generated from. As long as the investments chosen are fulling the investor's goals.
Regards Jason.
He is staying in Hoppers Crossing. He and his partner are in their late 20's and have been here since August. While they are really enjoying Australia they dislike living in Hoppers Crossing. Their main criticism is that the area is totally disconnected from restaurants, transport, bars, night spots and decent shops. Furthermore, it doesn't have a main area of focus. (ie a main street/towncentre).
I have to say, I agree with them.
My colleague owns an apartment ouright in Manchester and he wants to buy in an inner suburb in Melbourne. His comments on our outer suburbs (not just Hoppers Crossing) are representative of the viewpoint of many people of his age/generation. If there are other cashed up immigrants coming to Australia with these viewpoints, then perhaps the inner areas will continue to offer the best returns for property going forward?
It is really difficult to ascertain. I hold property in a range of inner, middle and outer suburbs. I also live in Melbourne's West.
When investing it is good to take into account all points of view - both for and against investing in certain areas. Gaining an understanding of people's investment strategies is also worthwhile. Investing in Blue chip property often requires large ongoing cash injections (ie -ve geared blue chip property) whereas buying in outer areas and country areas offers higher yields. Thereby enabling an investor the opportunity to hold the property for the long term and in the process, continue buying.
I find it interesting to read and learn from people who have been successful in making money from investments in the outer areas. Spiderman, Harris and Sash spring to mind. Likewise, I also enjoy learning from those who have invested successfully in the inner areas and from those who invest in commercial property.
In the end, it doesn't really matter where the equity is generated from. As long as the investments chosen are fulling the investor's goals.
Regards Jason.
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