I'm interested in buying my first IP, with a capital growth strategy in mind, and am drawn to Preston due primarily to the fact that Northcote and Thornbury are becoming very expensive, so I wonder if the next suburb in line to shoot up in price is Preston.
When doing a search on the forum, many people have recommended against it but not really given reasons why.
My reasons for are:
Next to more pricier suburbs
Close to the CBD
Good public transport links
Good amenities
Undergoing gentrification
Could people give me their reasons why it's not as good as I think it is it is??
When doing a search on the forum, many people have recommended against it but not really given reasons why.
My reasons for are:
Next to more pricier suburbs
Close to the CBD
Good public transport links
Good amenities
Undergoing gentrification
Could people give me their reasons why it's not as good as I think it is it is??