I am looking at buying a house in the eastern outer ring suburbs instead of an apartment close to the city e.g. Prahran, Windsor. However, it seems like prices are climbing in these areas fast e.g. Nunawading, Blackburn etc. Any thoughts on these areas for future capital growth? Seems like Melbourne is on the up...
Melbourne outer ring Suburbs
- Thread starter N.D
- Start date
Agree with oc1. Nunawading and Blackburn are within 18km from the city so they should be middle ring.
What about Ferntree Gully?
I'd say if you're looking east, then suburbs just beyond Eastlink would be considered 'outter suburbs' and those on the city side of Eastlink would be 'middle suburbs'.
This however is just semantics and has little bearing on what's good and what's not. Many of the outter eastern suburbs have great facilities and infastructure. There's some very green suburbs boardering national parks, space is beinging scares which can drive prices up.
This however is just semantics and has little bearing on what's good and what's not. Many of the outter eastern suburbs have great facilities and infastructure. There's some very green suburbs boardering national parks, space is beinging scares which can drive prices up.
If you buy into the DSR (demand to supply ratio) theory the areas around FTG, Belgrave, Tecoma etc are experiencing tight supply, low time on market with growth soon to follow.
