Off-plan Apt, outside Melb-CBD

[rabidz]

Hi,

Long-term thinking, I've a plan to buy "off-plan" apartment 2 bedroom in between 2-12km from Melbourne CBD. Probably boutique apartment.

My target is Hawthorn East or Malvern East or surrounding that area.
Saw a few development in these areas for new apartments off-plan.

Any thought that this will be a good idea for long term (Capital Gains wise)?

Thanks.

 

[impala67]

Here's a thread on OTP where you can apply some of the discussion to your future purchase. Best to search on the SS forum for general opinion on OTP for CG for more information as it discussed ongoing.

http://somersoft.com/forums/showthread.php?t=95572&highlight=otp+apartment

See what you think. The consensus is generally negative, but it still may suit you. Personally I like those locations, however I think you could gain more from an established property longer term in that locality, however everyone's opinion may differ.