Cranbourne vs. Christies Beach/Hackham/Noarlunga Downs

Hi Everyone,

Which suburb out of these similarly priced areas do you think will experience greater capital growth within the next 2-3 years as well as longer term?

Thanks!

 

Cranbourne.

Better infra, connectivity, migration trends, major city.

Regards

 

Deep south - infrastructure and demographics improving. Need to catch these things on the way up to ride the cg wave.

 

Also not as much land able to be developed South of Adelaide, plenty around Cranbourne e.g. Pakenham, Officer etc

 

Do you think Werribee is a better suburb for capital growth as it is only 30km away from Melbourne CBD?

 

??? All 3 could be considered south suburbs - it's just the city that changes between Cranbourne and the others.

 

??? I meant those collectively over cranbourne

 

Cranbourne prices have already spiked over the last 12 months. Existing properties in central and west that where sitting idle at 300k-330k a year ago are now selling at the 350k-380k range. New estate land has risen too..
It's really depends on the deal you get in any given area.

 

Sure has...if I was a betting man....Cranbourne will keep going as it is still VERY affordable...can't see it slowing till there is high 4 or 5 in front...

 

Christies' hotel has $7.90 snittys

If that's not a driver for growth I don't know what is

 

That's to keep the investors hunger pangs away while they search the area. Hope it's as large as the plate!

(although I did hear that there was talk about making snizzys smaller - I think it started in the health conscious Adeliade?)

 

A movement I am against!

Last time I was there I was very happy with the size of my snitty.. hopefully it stays that way

 

If it is an investment, check the price point. Werribee will turn out to be more costly (i think). Both my investments are around that region.

I feel Cranbourne will turn out to be a good investment considering the price point. Good infra to support further growth. One amongst top 10 places in terms of migration.

You can also target north in same price point.
In terms of land, Melbourne has loads available in every direction. Just compare distances, infra and then reach a conclusion.

Melbourne provides cheap entry point and you also need to see number of lots coming out each year.

Regards
Ashish