Melb sunshine/deer park/Albion etc vs Glenroy/had field/broadmeadowd

Discussion in 'Where to Buy' started by psylence, 16th Jun, 2015.

  1. psylence

    psylence Member

    Joined:
    19th Apr, 2015
    Messages:
    8
    Location:
    New South Wales (NSW)
    Looking at an investment property house or townhouse. Budget 450k. Anyone have an opinion on those western areas including other surrounding vs the northern ones in terms of long term capital gains? Thanks.
     
  2. jpcashflow

    jpcashflow Member

    Joined:
    23rd Jun, 2014
    Messages:
    307
    Location:
    Melbourne
    Hi

    Hello,

    Hope you are well?

    I live in Deer Park and have noticed more and more people looking at investing in areas such as Deer Park, Sunshne, Ardeer and Alibion.

    I believe the above four suburbs still have plenty of growth!!!

    I bought two properties in Deer Park in the last 8 months:
    1) DEC - Purchased home on a small block of land for $300,000 - House has been valued at $350,000.

    2) APR - Settled on a investment at $320,000 on a decent sized land and I have had it valued by agents at $340,000 to $350,000.

    Every week the area is becoming more and more popular!!!

    As for the other areas mentioned there has been a bit of growth too :)
     
  3. GreyGhost

    GreyGhost Member

    Joined:
    17th Feb, 2015
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    207
    Location:
    Melbourne
    If townhouse specifically, buy in Coburg or Pascoe Vale South
     
  4. psylence

    psylence Member

    Joined:
    19th Apr, 2015
    Messages:
    8
    Location:
    New South Wales (NSW)
    That would be nice however with 450k not sure if there are many if any in those areas
     
  5. GreyGhost

    GreyGhost Member

    Joined:
    17th Feb, 2015
    Messages:
    207
    Location:
    Melbourne
    True, you will have to work to find one.
     
  6. 8Faye

    8Faye Member

    Joined:
    2nd Jun, 2013
    Messages:
    16
    Location:
    melbourne
    Hi
    Look at Sunshine in the cheaper areas like along Wright st or south of as they are close to city.

    Otherwise like JP look at Deer Park.
    Now I think it is ok for the price that JP is paying.
    Personally I am only in Sunshine, but then I bought 10 yrs ago.
     
  7. ajpmal

    ajpmal Member

    Joined:
    3rd Sep, 2014
    Messages:
    10
    Location:
    Mascot, NSW
    Any PM recommended in Sunshine area?

    Hi

    We are looking for a PM that is able to conduct a few home inspections on our behalf (as purchasing from interstate) of potential IPs while providing a rental assessment for the same.

    Also keen to know PM rates.

    TIA!