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I've been looking around Frankston, but can't find anything that I feel is good value. Anyone got any hints on what areas are good value at the moment.
I've been looking around Frankston, but can't find anything that I feel is good value. Anyone got any hints on what areas are good value at the moment.
Around where I live...... prices have seriously come off their peaks......probably a good 30% off their highs from 1-2 years back.
The Y-man
Long term I still believe the inner West is undervalued. Yarraville, Seddon, Footscray & West, Ascot Vale
I've been looking around Frankston, but can't find anything that I feel is good value. Anyone got any hints on what areas are good value at the moment.
What area do you live in Y-Man?
Around where I live...... prices have seriously come off their peaks......probably a good 30% off their highs from 1-2 years back.
The Y-man
I personally think Yarraville is way overrated.
I drove through there again yesterday just to check anything had changed in 1-2 years, but YUCK for what you get
just my opinion
We must be driving down different streets PM
There are some stunning period homes in the area and its close to the city. Great little village atmosphere without the awful traffic of just about every other inner city suburb, very good restaurants/cafes/bars. Really only lack of schooling might hold it back but then again that is the West and its not far to the inner east by train for schooling.
Each to their own I guess, there is more than one way to skin a cat.
Long term I still believe the inner West is undervalued. Yarraville, Seddon, Footscray & West, Ascot Vale
Agreed, Nunawading is seeing plenty of attention at the moment due to its great amenities and still relatively affordable prices.I would be focusing on areas around middle-outer east such as Nunawading, Forest Hill, possibly Mitcham.
You can still get 600-800sqm blocks of land with an old weatherboard for 550-600k which is well under the $1000/sqm mark that was being paid early last year.
Once you head further in (eg: Blackburn) you will be lucky to find decent properties under 750-800 although there are some deals around currently.
i would go for inner city (south melbourne, melbourne, south yarra, southbank, west melbourne) - older large units and try to manufacture growth.
Prices are down and you can easily pick the right one to renovate to get that 100K capital growth in less than 1 year.
This. Blue chip has come off a fair bit since the early 2010 highs, now is the time to do deals with vendors. You still need 600k+ though and I’m talking apartments here. Add Toorak and Prahran to Melbournian’s list. Also I’m noticing a lot of buzz around Elsternwick, could be a mover in the next couple years.