Melton (VIC) buy or not to buy?
- Thread starter jayshi
- Start date
Yes. Do a google search. site:somersoft.com "melton"
and read the many, many threads already posted on the subject......and if Melton does not float your boat then perhaps try the same search with "frankston"
shares are going to take hit. Brisbane floods leading to reduced production of resources of some major listed companes which form part of ASX200 companies.
GDP going down, inflation going up. I don't believe shares are a good option
Unless you buy shorts using options or CFDs (try igmarkets -there're not bad)
if i'm not mistaken - melton is going to have a mosque built? don't quote me on that. If that is the case expect some reasonable growth being ethnic communities would be moving there
GDP going down, inflation going up. I don't believe shares are a good option
Unless you buy shorts using options or CFDs (try igmarkets -there're not bad)
if i'm not mistaken - melton is going to have a mosque built? don't quote me on that. If that is the case expect some reasonable growth being ethnic communities would be moving there
don't forget you paying interest on CFDs as well. If options you taking a contract out with an execution price.
Hard life to make a buck in Aus i believe.
I was reading this link about some chinese guy who saw prince william's engagement ring and made a replica and orders starting flowing in from UK and AUs - he made a million
http://www.cdeclips.com/en/arts_n_life/fullstory.html?id=58737
hmmm i moving away from the topic.
Hard life to make a buck in Aus i believe.
I was reading this link about some chinese guy who saw prince william's engagement ring and made a replica and orders starting flowing in from UK and AUs - he made a million
http://www.cdeclips.com/en/arts_n_life/fullstory.html?id=58737
hmmm i moving away from the topic.
Not a bad place to start, Yields are pretty good relative to the rest of Melb. Entry point pretty low, plenty of tenants, lots of infrastructure happening.
One of the biggest challenges of investing in a city you know is to put aside preconceived prejudices and evaluate an area unemotionally without preconceived ideas.
Land prices have been rising(despite tons of it waiting in the winds) and will probably continue to do so with Govt/Council snouts in the trough.
CG over the last 4 years has been good(around 60%). I still own one there and sold the 2nd one last month.
One of the biggest challenges of investing in a city you know is to put aside preconceived prejudices and evaluate an area unemotionally without preconceived ideas.
Land prices have been rising(despite tons of it waiting in the winds) and will probably continue to do so with Govt/Council snouts in the trough.
CG over the last 4 years has been good(around 60%). I still own one there and sold the 2nd one last month.
I think it's still worth talking to agents. Just be aware of their agenda, and try and read between the lines...
A good idea to go and visit Melton and have a look around. I recently purchased a block of land in the Botanica Springs estate in Brookfield, which is just east of Melton South. It was my first investment property and we started building on the land this week. I purchased the land in May, 2010 for around $120k and the land two blocks down just went on the market for $178k. So lets say that the block is overpriced and it only sells for $160k. Guess what all you nay-sayers about Melton? It's still gone up $40k in value in less then a year. Pretty good in my books. Anywhooo. I strongly recommend you go down to Melton, have a look around the town, the other suburbs and get a feel for the place.
Do go and have a word with the real estate agents but remember - they are trying to sell a product and as such, will only do what they want, according to their agenda. They aren't there to help you, they are there to help their clients.
