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Would like to hear your thoughts about the suburb of Ringwood in Melbourne's east?
It will be my first investment property, seems quite affordable and always appears in one of the hotspots to look out for.
Your opinions would be greatly appreciated.
Market is slow now, so you can pick up great ones for around 330k if you're lucky. Rent for around $280.
With returns like that, whats the incentive to buy that property? Is Ringwood and surrounds heavily discounted compared to before the slump with huge gains to be re-made in the future?
I jump of eastlink and hit Hoddle St in 12 mins.
Is that by car or slicing the trafiic jam at the exit by bike?
The Y-man
I agree with you about Ringwood. Eastlink and the station make it worthwhile. If you can afford Nunawading I personally think it's a better bet for capital growth. The underground station has made a big difference to the area and of course you have great access to the freeway.
It is the next suburb along from Blackburn and the prices there have gone wild. Nunawading isn't too far away from the private school belt ie Kew with good access.
Anyway, good luck with whatever you decide on and remember that property is a longer term investment. Buy in good location and sit tight! Cheers
I agree with you about Ringwood. Eastlink and the station make it worthwhile. If you can afford Nunawading I personally think it's a better bet for capital growth. The underground station has made a big difference to the area and of course you have great access to the freeway.
It is the next suburb along from Blackburn and the prices there have gone wild.
Blackburn has the advantage of a much better rail service
Yes, I was wondering the same thing.Please explain this one?
It is on the same line and as along as you live between Box Hill and Ringwood you get most of the limited expresses.
Only the difference with Blackburn is you have the all station trains in the morning starting there but most what to catch the express anyway.