Chelsea/Edithvale - Where to buy? Long term capital growth?

Discussion in 'Where to Buy' started by PeterProperty, 27th Nov, 2017.

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  1. PeterProperty

    PeterProperty Member

    Joined:
    14th Dec, 2016
    Posts:
    15
    Location:
    Melbourne
    Hi fellow PropertyChat friends,

    I'm looking to purchase an established house on land (as large as I can afford), and my research has taken me to Edithvale/Chelsea.

    May I kindly ask members' views on the area for long term capital growth?

    What are the schools currently like? What are the demographics currently like?

    Would really appreciate members' views, thank you :)
     
    PeterProperty, 27th Nov, 2017
    #1
  2. Knights of Ni

    Knights of Ni Well-Known Member

    Joined:
    11th Jan, 2017
    Posts:
    123
    Location:
    Melbourne
    How did your research lead you to these places?...seems like you might need to do a bit more research... a google search can help you on your way.
     
    Knights of Ni, 28th Nov, 2017
    #2
  3. BPhil

    BPhil Well-Known Member

    Joined:
    21st Nov, 2017
    Posts:
    110
    Location:
    Melbourne
    Nice area. Nice beach. No idea about schools. Some parts of Chelsea a bit dodgy, would prefer Edithvale.

    Tons of growth in recent years though, a friends land (knockdown job for the house) had offers of 600k+ 3 years ago, was recently valued circa $1m. Whether you think this means you "missed the boat" or if there is more to come is up to you...
     
    BPhil, 30th Nov, 2017
    #3