VIC Boronia or Ferntree gully

Discussion in 'Where to Buy' started by Rohitch, 18th Oct, 2020.

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Suggest a suburb

  1. Boronia

    2 vote(s)
    14.3%

  2. Ferntree gully

    8 vote(s)
    57.1%

  3. Heathmont

    3 vote(s)
    21.4%

  4. The Basin

    1 vote(s)
    7.1%

  5. Knoxfield

    4 vote(s)
    28.6%

  6. Upper ferntree gully

    2 vote(s)
    14.3%
Multiple votes are allowed.
  1. Rohitch

    Rohitch Member

    Joined:
    14th Oct, 2020
    Posts:
    9
    Location:
    Wheelers Hill
    Hey everyone

    I am now looking at buying a property (house/unit) in either boronia or ferntree gully as i could find properties that match my requirements (3-2-2, min 400sqm block) and under 640k.
    But I see mixed reviews regarding the suburbs. What do you guys think about Boronia and ferntree gully as PPOR and as an investment at a later stage.
    Thanks in advance.
     
    Rohitch, 18th Oct, 2020
    #1
  2. Rohitch

    Rohitch Member

    Joined:
    14th Oct, 2020
    Posts:
    9
    Location:
    Wheelers Hill
    Looking for any suggestions. Thanks.
     
    Rohitch, 19th Oct, 2020
    #2
  3. Robbo80

    Robbo80 Well-Known Member

    Joined:
    21st May, 2018
    Posts:
    586
    Location:
    Vic
    Both are fine if the location suits you. Just a bit far from the city by PT and drive thats all. Hard to find something that meets those requirements though and rental returns aren't great.

    I placed an offer on a 3,1,1 brick house 550sqm+ on windermere dr ferntree gully in late 2017 for 650k as I saw alot of Chinese starting to shift down that way. That never eventuated (Chinese seem to have halted at scoresby/knox). Blessing in disguise as I ended up buying in rosebud.

    Also saw some nice big blocks east of Boronia station some really nice streets there at the foothills of the dandenongs. Alot of tradies seem to live around those parts. Just need to be mindful of bushfire risks and possibly higher insurance premiums down the track.

    For investment the upside is that one day the Chinese will continue to expand down that way. And at under 650k for a land locked area of Melbourne, it will be a pretty scarce property.
     
    Last edited: 19th Oct, 2020
    Robbo80, 19th Oct, 2020
    #3
    craigc and The Y-man like this.
  4. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,524
    Location:
    Melbourne
    Some of those places have pretty ferocious reputation, but stay near the rail is fine. If you are out that far, keep looking along the rail as far out as Belgrave I say, although if you want relatively flat ground it stops at FTG.

    The Y-man
     
    The Y-man, 19th Oct, 2020
    #4
    craigc likes this.