Hey guys
Im looking to buy my first PPOR house (not interested in units/townhouses) in melbourne area. Currently live in glenroy, working in CBD.
I was hoping to borrow alittle more - around 320k - to get into west heidleberg, but thats not going to happen just yet.
Due to low income im priced into Dandy(too far) or Broadmedows. I grew up around essendon/broady area so know the bad 'pockets' and was wondering if anyone had any other suggestions for my price range. I know the state government is looking to turn broady into a mini CBD in 20years or so with its own tram network etc as the population grows to support it which perked my ears up. It will take a generation or 2 to loose the reputation but heres to hoping it can get somemore short term growth.
In terms of growth, the last 5 years, the first 3 were %0 or negative growth but the last 2 is over %15pa. yeilds will obviously be pretty low. Im going to pull equity in the 2nd maybe 3rd year to finance 2nd place.
I dont think I can buy closer to the city for the money.
I want to stay away from the west side as atleast the north has some growth pushing over from NE & N areas, subrubs like St Albans/Sunshine are surrounded by low cg low yeild.
Does anyone have a way to search melbournes suburbs by 1: Price 2: distance from city. Ive been googling for days and cant find anything. eg: 18km from city under 250k etc.
Thanks for reading
Im looking to buy my first PPOR house (not interested in units/townhouses) in melbourne area. Currently live in glenroy, working in CBD.
I was hoping to borrow alittle more - around 320k - to get into west heidleberg, but thats not going to happen just yet.
Due to low income im priced into Dandy(too far) or Broadmedows. I grew up around essendon/broady area so know the bad 'pockets' and was wondering if anyone had any other suggestions for my price range. I know the state government is looking to turn broady into a mini CBD in 20years or so with its own tram network etc as the population grows to support it which perked my ears up. It will take a generation or 2 to loose the reputation but heres to hoping it can get somemore short term growth.
In terms of growth, the last 5 years, the first 3 were %0 or negative growth but the last 2 is over %15pa. yeilds will obviously be pretty low. Im going to pull equity in the 2nd maybe 3rd year to finance 2nd place.
I dont think I can buy closer to the city for the money.
I want to stay away from the west side as atleast the north has some growth pushing over from NE & N areas, subrubs like St Albans/Sunshine are surrounded by low cg low yeild.
Does anyone have a way to search melbournes suburbs by 1: Price 2: distance from city. Ive been googling for days and cant find anything. eg: 18km from city under 250k etc.
Thanks for reading