VIC Blue chip/hotspot suburbs

Discussion in 'Where to Buy' started by AdamPineapples, 25th Sep, 2015.

Join Australia's most dynamic and respected property investment community
Page 1 of 2
  1. AdamPineapples

    AdamPineapples Well-Known Member

    Joined:
    9th Sep, 2015
    Posts:
    61
    Location:
    Melbourne
    Hi all.
    I just wanted to start a threw on everybody's opinions on what Melbourne's 'blue chip' suburbs are and their reasoning for thinking this?

    Are their any suburbs that are close to the city and are still relatively cheap?

    I was personally thinking Braybrook. As its approximately 13km from the CBD and 13km from Altona beach.

    Am I wrong to think this? I would love to hear other people's opinions.
     
    AdamPineapples, 25th Sep, 2015
    #1
  2. Friend in need

    Friend in need New Member

    Joined:
    13th Sep, 2015
    Posts:
    3
    Location:
    Craigieburn, melbourne
    I like braybrook too. it has gone up in the last couple of years but still relatively cheap.
     
    Friend in need, 25th Sep, 2015
    #2
    AdamPineapples likes this.
  3. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,500
    Location:
    Melbourne
    For me, the formula is: anywhere in PTV zone 1 excluding postcodes 3000, 3004, 3006, 3008

    The Y-man
     
    The Y-man, 25th Sep, 2015
    #3
  4. AdamPineapples

    AdamPineapples Well-Known Member

    Joined:
    9th Sep, 2015
    Posts:
    61
    Location:
    Melbourne
    Are a majority of those pretty cheap I'm guessing?
     
    AdamPineapples, 26th Sep, 2015
    #4
  5. AdamPineapples

    AdamPineapples Well-Known Member

    Joined:
    9th Sep, 2015
    Posts:
    61
    Location:
    Melbourne

    That's a good little rule of thumb their though thank you
     
    AdamPineapples, 26th Sep, 2015
    #5
  6. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,500
    Location:
    Melbourne
    Uh No........ PTV Zone 1 is some of the most expensive suburbs in Melb.......

    Go to the train map at
    http://ptv.vic.gov.au/getting-around/maps/

    The Yellow bits are Zone 1

    The Y-man
     
    The Y-man, 26th Sep, 2015
    #6
    WattleIdo likes this.
  7. Debz

    Debz Active Member

    Joined:
    25th Jun, 2015
    Posts:
    32
    Location:
    Melbourne
    Well currently all middle ring suburbs are HOT. So as Yman mentioned, zone 1 or approx 10km to CBD radius. I have been watching Preston as i have a property there and yeh 400+m2 block 4bed house in west Preston, $1.2 - $1.3 mil. Even near new townhouses, i know some guy with one in central Preston near Okeefe St, who is selling, and even Reservoir townhouses selling over $600k and houses on smallish 400m2 blocks hitting $700k.

    However i am even seeing outer suburbs like Epping, 5 year old houses in the Aurora estate sell for over $600k. The opening of the fresh fruit wholesale market , massive new Bunnings, Ikea in Campbellfield (no earthworks) and Costco (on council website but no earthworks) has created a lot more interest in the outer north.
     
    Last edited: 26th Sep, 2015
    Debz, 26th Sep, 2015
    #7
  8. Esel

    Esel Well-Known Member

    Joined:
    4th Aug, 2015
    Posts:
    405
    Location:
    Melbourne
    Im a big fan of preston but prices are crazy.

    When i first started reading the OP i was thinking collingwood, abbotsford and west melbourne. I think they are good value considering their proximity to the CBD.

    I wouldnt call braybrook blue chip.

    aren't blue chip and hot spot suburbs two different things?
     
    Esel, 26th Sep, 2015
    #8
  9. tone1

    tone1 Active Member

    Joined:
    23rd Jun, 2015
    Posts:
    37
    Location:
    Melbourne
    Inner west blue chip would be Williamstown and Maribyrnong, and to a lesser extent Newport, Yarraville and Seddon.

    Inner west hotspots would be suburbs like Footscray, West Footscray, Maidstone. Not sure if I would term Braybrook or Sunshine hotspots yet, but they are definitely popular.
     
    tone1, 28th Sep, 2015
    #9
  10. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,500
    Location:
    Melbourne
    Agree.

    The Y-man
     
    The Y-man, 28th Sep, 2015
    #10
  11. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    not necessarily.
    Too many factors at play to give definitive answers, but generally, in the long term [ say 20+years], most likely not. In the short term, quite possible.
    The longer you hold it, the greater the chance of blue chip outperforming.
     
    JDP1, 28th Sep, 2015
    #11
  12. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,225
    Location:
    Sydney or NSW or Australia
    Scott No Mates, 28th Sep, 2015
    #12
  13. Tekoz

    Tekoz Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,374
    Location:
    Sydney
    PTV ?
    Pay TV service or Public Transport Venue ?
     
    Tekoz, 28th Sep, 2015
    #13
  14. juzzy

    juzzy Well-Known Member

    Joined:
    14th Aug, 2015
    Posts:
    156
    Location:
    Melbourne
    Public Transport Victoria.
     
    juzzy, 28th Sep, 2015
    #14
    Tekoz likes this.
  15. Tekoz

    Tekoz Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,374
    Location:
    Sydney
    Ah I see,

    So does all public transport in VIC state owned by one govt body ?
     
    Tekoz, 28th Sep, 2015
    #15
  16. juzzy

    juzzy Well-Known Member

    Joined:
    14th Aug, 2015
    Posts:
    156
    Location:
    Melbourne
    Yeah I'm pretty sure PTV looks after everything.
     
    juzzy, 28th Sep, 2015
    #16
    Tekoz likes this.
  17. Esel

    Esel Well-Known Member

    Joined:
    4th Aug, 2015
    Posts:
    405
    Location:
    Melbourne
    They dont own it but they manage it.

    Does zone 1 still matter now they have combined zones?
     
    Esel, 28th Sep, 2015
    #17
  18. AdamPineapples

    AdamPineapples Well-Known Member

    Joined:
    9th Sep, 2015
    Posts:
    61
    Location:
    Melbourne

    Well the definition of blue chip is a suburb that's within a 10 to 15km radius of the capital CBD, and has the potential for capital gains.

    I don't see why Braybrook/Sunshine wouldn't be one as they are approx 13km from the CBD and about 13km from williamstown beach. Which is still in the inner circle or 'PTV 1'

    Alot of people don't like those suburbs because of the bad reputation they have. But they are getting more and more built up and new developments are coming every day. My thinking is that as melbourne starts to build more and more out words and Braybrook/Sunshine become more built up they will be more expensive to buy/rent. Driving away the 'bad eggs' that often live around that area.
    Just my thought process.
     
    AdamPineapples, 28th Sep, 2015
    #18
  19. AdamPineapples

    AdamPineapples Well-Known Member

    Joined:
    9th Sep, 2015
    Posts:
    61
    Location:
    Melbourne
    And alot of these suburbs are hella expensive haha

    I'm still new to all this but they all sound way to expensive for an IP??
     
    AdamPineapples, 28th Sep, 2015
    #19
  20. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,500
    Location:
    Melbourne
    Doesn't matter form a ticket/fee perspective now, but still represents a zone that is "closer in" and theoretically quicker to get into town. I say theoretically, because in reality, lines like the Begrave/Lilydale have massive express that basically runs non-stop to the first zone 2 station - but this reflects in the recent price hikes we see along that line outwards from Blackburn, Nuna, Mithcy etc.

    The Y-man
     
    The Y-man, 28th Sep, 2015
    #20
Page 1 of 2