Hi everyone,
What are your thoughts on following outer eastern suburbs for capital growth in the next 5 years? Aiming at 500-550K house price.
Ringwood, Ringwood East, Heathmont
Things to avoid
- near power lines/housing commission areas
- New house and land packages (Won't be able to get anything for 550K anyway)
Here are the pros/Considerations
- Massive developments going on (e.g. Railway station, Eastland, Ringwood Swimming pool)
- public school/private schools
- Easy access to city via public transport
- I live in the area and see lot of subdivisions, new constructions. Don't believe (going by growth in the past few years) that it will push the price down.
What are your thoughts on following outer eastern suburbs for capital growth in the next 5 years? Aiming at 500-550K house price.
Ringwood, Ringwood East, Heathmont
Things to avoid
- near power lines/housing commission areas
- New house and land packages (Won't be able to get anything for 550K anyway)
Here are the pros/Considerations
- Massive developments going on (e.g. Railway station, Eastland, Ringwood Swimming pool)
- public school/private schools
- Easy access to city via public transport
- I live in the area and see lot of subdivisions, new constructions. Don't believe (going by growth in the past few years) that it will push the price down.