Hi guys,
We're thinking of moving to a bigger place as our family's growing.
We're currently in the bayside area. Ideally we'd like to stay in the area, but given our limited budget of $680k, its not easy to find a nice 3 bedroom house (and I stress house - as we really need a decent sized yard for the kids). We've found a place in Cheltenham, that, if we can get for around $600k, should be fine after some renovations. advantage - Mentone Girls College school zone, close to Southland...
http://www.realestate.com.au/property-house-vic-cheltenham-106863776
A suburb which seems slightly more affordable is South Oakleigh - the side sandwiched between the golf course, Warrigal rd, centre rd and north rd. Like this one for example:
http://www.realestate.com.au/property-house-vic-oakleigh+south-106806014
The agent reckons it'll go for just under $700k. Its in a really nice part of South Oakleigh - the house is next to a golf course which makes it nice and tranquil.
Question is - which one would be a better buy? which suburb is expected to provide better capital growth? We're not sure whether this will be a 10 year home. 5 years, definately, but depending on where the kids will go to high school, we might need to move again.
Thanks for any input!
We're thinking of moving to a bigger place as our family's growing.
We're currently in the bayside area. Ideally we'd like to stay in the area, but given our limited budget of $680k, its not easy to find a nice 3 bedroom house (and I stress house - as we really need a decent sized yard for the kids). We've found a place in Cheltenham, that, if we can get for around $600k, should be fine after some renovations. advantage - Mentone Girls College school zone, close to Southland...
http://www.realestate.com.au/property-house-vic-cheltenham-106863776
A suburb which seems slightly more affordable is South Oakleigh - the side sandwiched between the golf course, Warrigal rd, centre rd and north rd. Like this one for example:
http://www.realestate.com.au/property-house-vic-oakleigh+south-106806014
The agent reckons it'll go for just under $700k. Its in a really nice part of South Oakleigh - the house is next to a golf course which makes it nice and tranquil.
Question is - which one would be a better buy? which suburb is expected to provide better capital growth? We're not sure whether this will be a 10 year home. 5 years, definately, but depending on where the kids will go to high school, we might need to move again.
Thanks for any input!