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I just read an article in THE AGE yesterday or the weekend, and in the top 10 WORST performing suburbs, it had melton at number 7 or 8........... most of the other top 10 s were all quite familiar eg taylors lakes, a few suburbs around it, it had donvale , a bit of a surprise..
but melton shocked me as it is a suburb I am going to look at next.
This month's API also shows that in 1997 Melton was ranked the second most affordable suburb in Melbourne.
In 2007, it is now the most affordable suburb in Melbourne (based on June qtr. median).
So it went from being really cheap...to being really, really cheap over the space of 10 years?!
Maybe it's bottomed out?
Hi there, do any of my fellow Melton landlords know any good split system aircon installers in the area or have used any you would recommend?
Any contacts would be appreciated.(Obviously they need to be licensed etc)
Costs are around $3k a year so that’s $15k down so I am still $235k up. Where else could $3k buy you $250k in leverage? Assume I amd wrong it only goes up 25% in five years so only 5% a year. I amd stillmaking groww $125k and costing $15k? Where is the problem with that.
Thanks Martin and Katlin I will give SHC a go.
Katlin as a local I'm interested in your thoughts on the Darlingsford area in comparison to the other parts of Melton because i settle this one in a month.
http://www.realestate.com.au/cgi-bi...343535&p=30&s=vic&snf=rbs&t=res&tm=1194653543
Peter, I'm looking at it in the same way. But only have put in approx $400K into Melton total.
Thanks Martin and Katlin I will give SHC a go.
Katlin as a local I'm interested in your thoughts on the Darlingsford area in comparison to the other parts of Melton because i settle this one in a month.
http://www.realestate.com.au/cgi-bi...343535&p=30&s=vic&snf=rbs&t=res&tm=1194653543
Peter, I'm looking at it in the same way. But only have put in approx $400K into Melton total.