Situation: Looking to buy IP2 around $350k-$450k (hopefully the lower end) in Melbourne. Long term hold for capital growth.
Question: Which suburb would you choose and why? I'm tossing up between Hadfield, Fawkner or Epping. I've provided some data to assist.
Hadfield:
Median price: 470k
Distance to CBD: 12km
Owner occupier: 74%
Vacancy rate: 2.6%
Fawkner
Median price: 434k
Distance to CBD: 12.5km
Owner occupier: 71%
Vacancy rate: 1.2%
Epping:
Median price: 398k
Distance to CBD: 19km
Owner occupier: 74%
Vacancy rate: 2.6%
Thanks in advance for your thoughts backed up by reasons please.
Question: Which suburb would you choose and why? I'm tossing up between Hadfield, Fawkner or Epping. I've provided some data to assist.
Hadfield:
Median price: 470k
Distance to CBD: 12km
Owner occupier: 74%
Vacancy rate: 2.6%
Fawkner
Median price: 434k
Distance to CBD: 12.5km
Owner occupier: 71%
Vacancy rate: 1.2%
Epping:
Median price: 398k
Distance to CBD: 19km
Owner occupier: 74%
Vacancy rate: 2.6%
Thanks in advance for your thoughts backed up by reasons please.