What do you guys think of Maroubra?
I have been looking mostly in Randwick, but I have expanded to Maroubra now, since it would be very convenient location for a PPOR for me (given that I work in Eastgardens).
I don't anticipate living there forever, though, so need to assess the property/suburb from an investment perspective. Prices in Maroubra seem quite a bit lower and yields seem a bit higher than Randwick, but I guess it has a lot more high rise apartments, which would potentially create an oversupply issue, thereby limiting capital growth. I've also heard some feedback about southern Maroubra being unsafe due to a high concentration of housing commission there.
Would love to get your thoughts, anyway - would you take Maroubra over Alexandria for a more budget conscious buyer, for example?
I have been looking mostly in Randwick, but I have expanded to Maroubra now, since it would be very convenient location for a PPOR for me (given that I work in Eastgardens).
I don't anticipate living there forever, though, so need to assess the property/suburb from an investment perspective. Prices in Maroubra seem quite a bit lower and yields seem a bit higher than Randwick, but I guess it has a lot more high rise apartments, which would potentially create an oversupply issue, thereby limiting capital growth. I've also heard some feedback about southern Maroubra being unsafe due to a high concentration of housing commission there.
Would love to get your thoughts, anyway - would you take Maroubra over Alexandria for a more budget conscious buyer, for example?