Newport & Surrounds for a PPOR?

[ChasingSugar]

Hi there,

I'm looking to move closer to the city for work, renting out my current PPOR (that should cover my credentials to post on the investor forum! ).

Can anyone please give me an updated review of Newport and surrounding towns for a young family?i'm fromthe south east suburbs, so a little nervous bringing my young family of 3 young boys into the inner city!!

I have 550k to spend, and need the biggest place possible. I am up for a cosmetic Reno to start.

Any help/insight from the locals would be appreciated greatly!,

Thanks!

 

[Jake Milne]

Hi ChasingSugar,

Newport is a tricky one, it's a very industrial suburb and has the large train depo, the old quarry and numerous manufacturing zones that you'd want to stay clear of.

There's a nice little pocket between Challis and Jack Street. Here you can sometimes buy original 3 bedroom homes on about 300sqm for $500 - $600k. You'll need to put in some elbow grease though; and they don't come around too often.

Original on slightly larger parcel:
http://www.realestate.com.au/property-house-vic-newport-114082907

This was renovated in 2003, and a then some more (built up) since then:
http://www.realestate.com.au/property-house-vic-newport-113870107

 

[ChasingSugar]

Thanks mate. Went on the weekend to get a feel, more recon to come!