VIC First IP - Corio/Norlane or Melton

Discussion in 'Where to Buy' started by Ragnar, 15th Feb, 2016.

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  1. larrylarry

    larrylarry Well-Known Member

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    I'm in Frankston now. If people think this is dodgy suburb, they should come see blacktown and Mount Druitt. Frankston beach isn't that attractive. Major services are here. Frankston hospital. Frankston private, St John of God etc...Monash peninsula campus... But what's with the big silver gnome?

    Didn't bother with Seaford as they are likely outside my price range.
     
    larrylarry, 24th Mar, 2016
    #61
  2. Greyghost

    Greyghost Well-Known Member

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    Much of the suburb is deep off station rd. 10 yd old properties mixed with the 70's stuff.
    Mine is close to station rd and main rd west.
    Yield has not moved much, but yes it is having the deer park/ St. Albans ripple. Not any real appeal to the suburb, it is just an affordability thing, not many suburbs sub 300k etc
     
    Greyghost, 24th Mar, 2016
    #62
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  3. Ko Ko Naing

    Ko Ko Naing Well-Known Member

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    You should go see Dandenong and Noble Park, especially suburbs around train stations. I thought of those when I last visited Woodridge. Yet I invested in Woodridge, as I was priced out of Dandenong and Noble Park.
     
    Ko Ko Naing, 24th Mar, 2016
    #63
  4. larrylarry

    larrylarry Well-Known Member

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    What was your price range? I only have $350k.
     
    larrylarry, 25th Mar, 2016
    #64
  5. larrylarry

    larrylarry Well-Known Member

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    have you guys used forecast.id?

    Residential development | Armstrong Creek | forecast.id - Armstrong creek
    Residential development forecasts assume the number of dwellings in Armstrong Creek will increase by an average of 356 dwellings per annum to 8,970 in 2036.

    Residential development | Corio | forecast.id - Corio
    Residential development forecasts assume the number of dwellings in Corio will increase by an average of 20 dwellings per annum to 6,621 in 2036.

    Residential development | St Albans Park | forecast.id St Albans Park
    Residential development forecasts assume the number of dwellings in St Albans Park will increase by an average of 14 dwellings per annum to 2,408 in 2036.
     
    larrylarry, 26th Mar, 2016
    #65
  6. Tranquilo

    Tranquilo Well-Known Member

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    larrylarry check Hamlyn heights and Herne hill in Geelong for 350.
     
    Tranquilo, 26th Mar, 2016
    #66
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  7. larrylarry

    larrylarry Well-Known Member

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    I'm in pakington St. Geelong. Nice @Dave3214
     
    larrylarry, 26th Mar, 2016
    #67
  8. Tranquilo

    Tranquilo Well-Known Member

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    I was in Pako Friday and Saturday getting coffee's:)
     
    Tranquilo, 27th Mar, 2016
    #68
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  9. larrylarry

    larrylarry Well-Known Member

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    We had lunch at Two Sugars Pako.
     
    larrylarry, 27th Mar, 2016
    #69
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  10. Tranquilo

    Tranquilo Well-Known Member

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    Coffee at king of the castle for us.
     
    Tranquilo, 27th Mar, 2016
    #70
  11. Ko Ko Naing

    Ko Ko Naing Well-Known Member

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    Isn't it in the middle of nowhere? Not sure what are the development drivers. :)
     
    Ko Ko Naing, 28th Mar, 2016
    #71
  12. larrylarry

    larrylarry Well-Known Member

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    not sure but I think proximity to Geelong helps?
     
    larrylarry, 30th Mar, 2016
    #72
  13. larrylarry

    larrylarry Well-Known Member

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    I drove around whittington...broken sofa on patio...terrible front yards..(the American streets...) and people tinkering with their old cars... and when entering St Albans Park which is next suburb, it looks so different.
    why ripple effect from St Albans?
     
    larrylarry, 30th Mar, 2016
    #73
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  14. apk

    apk Well-Known Member

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    @larrylarry I was referring to St Albans next to sunshine, not St Albans Park
     
    apk, 30th Mar, 2016
    #74
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  15. Notlad Samoht

    Notlad Samoht Active Member

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    Go for a good pocket in Corio. Its not hard to know which ones are good pockets, just one quick drive down the street will tell you everything.
    I have a place in Corio, bought it for 215k mid 2013, I get 250 pw in rent and we pulled 40k equity from it after the commonwealth valued it at 255k mid 2015. Thats nearly 20% growth in 2 years. Not bad.
    Its easy to rent your IP in Corio and it's becoming more appealing to the Melbourne crowd.
     
    Notlad Samoht, 2nd Apr, 2016
    #75
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  16. Notlad Samoht

    Notlad Samoht Active Member

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    Yeh, I totally agree about geelong vs melb in terms of safety.
    I've lived either in Geelong or Melbourne for many years. Melbournes definitely more dangerous. I lived in Whittington for years and never had any drama, but melbourne you have to watch out for crowds of rough youth prowling the streets or using public transport looking for trouble.
     
    Notlad Samoht, 2nd Apr, 2016
    #76
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  17. Notlad Samoht

    Notlad Samoht Active Member

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    If Prince charles went to High school in Corio, it cant be too bad! lol
     
    Notlad Samoht, 2nd Apr, 2016
    #77
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  18. larrylarry

    larrylarry Well-Known Member

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    what's your view on St Albans Park... API states 10 year annual growth is only 3%.
     
    larrylarry, 2nd Apr, 2016
    #78
  19. Beelzebub

    Beelzebub Well-Known Member

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    Many suburbs in Geelong are 20-30 mins to the beach. Torquay and Barwon heads are 20 mins to centre of Geelong. You can live here and be 10 minutes to either.

    Also, is not a great deal of new housing stock in Geelong and no master planned communities, so it's something different and a proven popular product for Geelong that wasn't there before in terms of housing choice.

    Additionally, heaps of people are moving to Geelong. The demand is there: try getting your hands on a titled block.
     
    Beelzebub, 2nd Apr, 2016
    #79
  20. Beelzebub

    Beelzebub Well-Known Member

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    Also, what about these areas:
    Ballarat East
    Canadian
    Sebastapol
    Newcomb
    Mildura
     
    Beelzebub, 2nd Apr, 2016
    #80
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