Bondi or Port Melbourne?

For investment would you buy:

1) renovated freestanding Victorian cottage in Port Melbourne (2 bed, 2 bath, no car space) within walking distance to cafes, shop and the beach.

Or

2) An Art Deco unit in Bondi Beach (2 bed, 1 bath, no car space) in a small boutique secure complex. Walking distance to the beach.

 

Port Melbourne!

 

Port Melbs 100%

 

Port Melb, err-day err-day

 

port melbourne hands down among the best areas to live in australia

 

port melbourne

bondi must be close to the peak by now surely

 

Are these your properties?

https://www.brickx.com/properties/PML01/summary

https://www.brickx.com/properties/BND01/summary

 

Lol good detective work

 

i thought exactly the same thing!

 

Yes they are. I went with Port Melbourne and Annadale. And yes great detective work.

What do you think of BrickX? I think it's the best thing since the iPhone

 

Another vote for Port Melbourne

 

Cool - I was looking at your options and thought "hey - that sounds familiar!"

I mentioned in another thread here, I think it's an OK proposition to get a bit of exposure to a suburb/property you might not be able to get into yourself. I've just put a bit of play money into Bondi and Double Bay. (Wish more into DB after it's great run recently!)

I didn't go with Port Melbourne as it doesn't have a loan/gearing (which has pros and cons) , but it means it's estimated total return is a bit lower - which I think will be the main figure general population will look at.

Time will tell at revaluations.

 

Port Melbourne.

 

I looked at DB but decided against it because it was 20+% over the brick valuation. Sounds like you got in at the right time. Did you pre order any in Darlinghurst?

BrickX should start a FB page for their investors so we can connect with each other.

 

i heard about it just over a month ago and bought bricks in most properties when they were either below value or basically market value. DB was already on the rise though so only managed 2 bricks in that. concentrated on annandale and bondi, smaller numbers in the others. and a chunk in the darlo pre sale.

i think it is a really interesting platform to spread some risk and get exposure to other markets with much higher liquidity and lower total investment.

a FB page for investors is a great idea.

 

I just sent them an email suggesting they start a closed FB group for BrickX investors (or B-vestors lol). This way we can connect with each other and get excited (even if we only had a few) without annoying anyone on PC with our enthusiasm

I'll let you know what they say. If they don't I'll just create one and invite you and Danyool to join

 

great! let me know either way.
i'm hoping they buy properties in some other states next.