Hi everyone,
The ripple effect has clearly begun as evidenced by the recent performance of inner and bayside Melbourne, and some people are already being priced out of some of Melbourne's blue-chip suburbs.
Whilst I still feel there are opportunities to buy quality property in inner and middle Melbourne suburbs, for those of us who might not be fast enough to catch this boat, it might be wise to start thinking of some outer suburbs that may do well when the market really starts to move.
What are people's thoughts on which outer Melbourne suburbs are relatively undervalued and have the greatest potential for significant capital growth, as the Melbourne market enters the next boom phase?
Most of my research and investment to date has been in inner Melbourne, so I'd be interested to hear what others think about the outer suburbs...
Thanks,
GSJ
The ripple effect has clearly begun as evidenced by the recent performance of inner and bayside Melbourne, and some people are already being priced out of some of Melbourne's blue-chip suburbs.
Whilst I still feel there are opportunities to buy quality property in inner and middle Melbourne suburbs, for those of us who might not be fast enough to catch this boat, it might be wise to start thinking of some outer suburbs that may do well when the market really starts to move.
What are people's thoughts on which outer Melbourne suburbs are relatively undervalued and have the greatest potential for significant capital growth, as the Melbourne market enters the next boom phase?
Most of my research and investment to date has been in inner Melbourne, so I'd be interested to hear what others think about the outer suburbs...
Thanks,
GSJ
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