Where to Buy Properties for $200K-$300K in VIC

[JIT]

Hi everyone,

Here's a nice report I found today:

http://www.land.vic.gov.au/CA256F310024B628/0/5D1751D222FC75F9CA2572EC001FA8D1/$File/Property-VIC_june2007.pdf

Any thoughts?

GSJ

 

[Lily House]

I'd like to read this GSJ, but the link dosn't work for me??

Thanks
Lily

 

[JIT]

Ah thanks for that reply, I thought this thread was destined to stay at 0 replies! I tried it again it works for me. Just go to land.vic.gov.au, and search for the report on the site, shouldn't be too hard.

GSJ

 

[Ruby]

I tried it again it works for me. Just go to land.vic.gov.au, and search for the report on the site, shouldn't be too hard.

I've fixed the link in your original post, its now clickable.

Ruby

 

[chrispy]

Thanks GSJ well worth reading.

Chris

 

[JIT]

Thanks Ruby and chrispy.

Now people can actually read it!

GSJ

 

[jingo]

Lots of opportunities

Hi GSJ,

This was an interesting report to read, especially in light of recent discussions about house prices being unaffordable. Interesting to note that there are a whole host of opportunities in both inner and outer areas for around the $200,000 mark.


Regards Jason.

 

[Jaffasoft]

Good report is there one for Queensland.

 

[WannabeWealthy]

Tullamarine / Broadmeadows

Hi GSJ,

What do think or know about the Tullamarine / Broadmeadows area. I visit that area often with work, most dwellings 3x1 on approx 600 sq's $200,000plus with rent return of $200 to $240

 

[our obsession]

Some historical growth patterns (1994-2005) for Tullamarine and Broadmeadows...(courtesy of Victorian Valuer-General).

Tullamarine:1994 Median House Price: $114,000.....2004 MHP: $264,000......Change of: 132%

Broadmeadows: 1994: $75,750.....2004: $200,000....164%

Just for fun: Croydon: 1994:$114,000....2004: $270,000....137%

 

[JIT]

Hi GSJ,

What do think or know about the Tullamarine / Broadmeadows area. I visit that area often with work, most dwellings 3x1 on approx 600 sq's $200,000plus with rent return of $200 to $240

I think Tullamarine is too close to Melbourne Airport and will always suffer as a result of this. Broadmeadows is better, but still a really 'long-term bet' for me, ie. I'm not expecting it to grow very much in 3-5 years, but has potential further down the track.

GSJ