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VIC Blue chip/hotspot suburbs

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

  1. AdamPineapples

    AdamPineapples Well-Known Member

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    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.
     
  2. Friend in need

    Friend in need New Member

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    I like braybrook too. it has gone up in the last couple of years but still relatively cheap.
     
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  3. The Y-man

    The Y-man Moderator Staff Member

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    For me, the formula is: anywhere in PTV zone 1 excluding postcodes 3000, 3004, 3006, 3008

    The Y-man
     
  4. AdamPineapples

    AdamPineapples Well-Known Member

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    Are a majority of those pretty cheap I'm guessing?
     
  5. AdamPineapples

    AdamPineapples Well-Known Member

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    That's a good little rule of thumb their though thank you
     
  6. The Y-man

    The Y-man Moderator Staff Member

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    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
     
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  7. Debz

    Debz Member

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    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
  8. Esel

    Esel Well-Known Member

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    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?
     
  9. tone1

    tone1 Active Member

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    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.
     
  10. The Y-man

    The Y-man Moderator Staff Member

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    Agree.

    The Y-man
     
  11. JDP1

    JDP1 Well-Known Member

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    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.
     
  12. Scott No Mates

    Scott No Mates Well-Known Member

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  13. Tekoz

    Tekoz Well-Known Member

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    PTV ?
    Pay TV service or Public Transport Venue ?
     
  14. juzzy

    juzzy Well-Known Member

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    Public Transport Victoria.
     
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  15. Tekoz

    Tekoz Well-Known Member

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    Ah I see,

    So does all public transport in VIC state owned by one govt body ?
     
  16. juzzy

    juzzy Well-Known Member

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    Yeah I'm pretty sure PTV looks after everything.
     
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  17. Esel

    Esel Well-Known Member

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    They dont own it but they manage it.

    Does zone 1 still matter now they have combined zones?
     
  18. AdamPineapples

    AdamPineapples Well-Known Member

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    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.
     
  19. AdamPineapples

    AdamPineapples Well-Known Member

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    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??
     
  20. The Y-man

    The Y-man Moderator Staff Member

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    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